Risk Analyst - Insurance
- Req Number: R031506
- Brand: The Boyd Group
- City, State: Winnipeg, MB
- Posted Date: 11/2/2023
Winnipeg, Manitoba
We put our team members first. You'll receive a great salary and benefits, and experience the support and opportunity you deserve. You're empowered to make decisions. You control your future.
Job Description:
Job Description
Insurance
Major Projects
Treasury
Assist Treasury with:
Treasury Operations
Cash Forecasting
Debt Management
Education and/or Experience Required (including certifications)
Required Skills/Abilities
Preferred Knowledge and/or Experience
Skills
We put our team members first. You'll receive a great salary and benefits, and experience the support and opportunity you deserve. You're empowered to make decisions. You control your future.
Job Description:
Job Description
Insurance
- Collect loss incident information and evidence from operations personnel for vehicle thefts, vehicle collisions, natural disasters, general liability, cyber attacks, etc.
- Advise operations and corporate personnel on how our insurance programs can reduce their risks of loss on a case-by-case basis
- File insurance claims, respond to adjuster inquiries, track claims status through to closing
- Report claims status to Manager, Treasury & Risk and other interested parties
- Respond to attorney requests for information
- Identify opportunities to reduce the risk of financial loss through loss prevention activities
- Process insurance invoices for payment in a timely manner; advise GL account coding
- Compile risk exposures for policy renewals
- Prepare monthly and quarterly reporting
Major Projects
- Work with the Manager of Treasury & Risk to standardize our response to theft, weather, and work product related losses; issue standard guidance to the field
- Implement an IT ticketing system to facilitate claim initiation, compilation of information, status tracking, and reporting of loss incidents and insurance claims
- Standardize the renewal process for our various coverages
Treasury
Assist Treasury with:
Treasury Operations
- Monitor daily cash positions
- Perform wire transfers between accounts, debt draws and repayments, foreign exchange trades
- Manage online banking portals; maintain and control user access
- Liaise with banks for banking services administration
Cash Forecasting
- Gather information to prepare weekly cash forecasts
- Prepare daily cash plans from the weekly forecast, including commentary and action summary
- Perform variance analysis for actuals vs. forecasts to refine the forecast and respond to changes in business conditions
Debt Management
- Process bank debt draw, conversion, and repayment requests
- Track debt positions and related interest expense by updating the Bank Debt Register
Education and/or Experience Required (including certifications)
- Post-secondary education (preferably business administration, accounting, finance, or economics) or equivalent work experience
- 1 - 3 years experience performing corporate administrative tasks, working within the terms of service contracts, interacting with financial services providers
- Experience building and maintaining strong working relationships with operations
- Preferred:
- Insurance brokerage experience; Manitoba Public Insurance experience
- Insurance claim administration experience
- Experience in treasury operations and/or forecasting
- Experience interacting with all levels of a business
Required Skills/Abilities
Preferred Knowledge and/or Experience
- Knowledge of insurance-related risk management concepts would be an asset
- Knowledge of auto body work and retail would be an asset
Skills
- Ability to work independently, work with others and contribute to a team environment
- Ability to work in a rapidly evolving business environment
- Strong attention to detail with organization skills and ability to multitask under pressure is required
- Ability to communicate effectively, both verbally and in writing, with a wide variety of internal and external stakeholders. Able to explain complex concepts simply and obtain buy-in.
- Intermediate computer software skills, including Excel: macros, pivot tables, advanced formulas