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Insurance Analyst

Las Vegas, Nevada 89146

Job ID: 11397 Category: Professional

Job Description

  • Assembles and organizes underwriting data requests, completes insurance applications and creates underwriting submissions for all major corporate insurance renewals.
  • Performs research and prepares correspondences for review and approval of insurance language and indemnification provisions in contracts, leases and agreements. Ensures compliance with contractual requirements.
  • Assists with the internal management of NVE Insurance Co. (Captive) operating and compliance activities.
  • Provides analysis for underwriting, claims, budgeting and investment decision making. Facilitates annual board of directors/shareholders meetings and completes annual license renewals. 10%
  • Coordinates engineering efforts with property insurers and internal generating plant property engineers.
  • Reports monthly developments to Generation executive leadership and develops plans and strategies for achieving lower operational risk.
  • Researches current market risk initiatives. Stays well versed in insurance industry standards, policies, changes and news.
  • Assess the need for various instruments (bonding, letter of credit) to satisfy indemnification requirements for contracts.
  • Creates and executes indemnification instruments and manages renewal process where required.
  • Serves as a liaison to external contacts
  • Plans, prepares and develops risk management presentations to the insurance marketplace.
  • Represents Company in insurance industry and professional associations
  • Plans and schedules inspections of all facilities with insurance carriers and loss control consultants to identify hazards and recommends appropriate programs to reduce exposures.
  • Coordinates General Rate Case process and filings related to Corporate Insurance.
  • Reviews and reconciles insurance premium amortization schedules and master data request in order to ensure complete and accurate regulatory filings and cost recovery.
  • Responds timely and accurately to internal and external data requests and inquiries regarding insurance programs and premium allocations.
  • Monitors the receipt of insurance binders, policies and endorsements. Manages the safekeeping of original insurance policies.
  • Conducts ad-hoc risk studies and quantitative analysis as required. Develops reports summarizing analytical results and recommendations. Ensures proper documentation of decisions.
  • Manages the liability and property certificate of insurance program (COI) and letters of self-insurance.
  • Reviews evidence of insurance from third parties and determines compliance with Company standards and contractual requirements.
  • Supports workers compensation insurance placement, regulatory compliance and program oversight.    

 

Qualifications:

  • Master’s Degree in the area of specialty from an accredited school and 1 year of experience. OR;
  • Bachelor’s Degree in the area of specialty from an accredited school and 3 years of related experience.
  • Candidates that do not possess a bachelor’s degree must have a minimum of 7 years of related work experience.
  • Overall business, the sources of risk, and potential options for mitigation.
  • Accounting and financial analysis.
  • Analytical and quantitative analysis, written, communication and organizational.
  • Managing Internal and external relationships.
  • Equipment and Applications
  • PCs, word processing, spreadsheet and database software.
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