The Risk Analyst will work under the supervision of the Director, Risk Management & Insurance to help manage Northwestern’s insurance and risk finance programs. The Analyst will support claims management activities of the University’s various self-insured property and casualty insurance programs. The role will also handle primary day-to-day insurance needs and oversee the creation, production, and management of key metrics and tools used to assess risk appetite and measure insurance program performance.
Ensures execution of self-insured property, automobile, and third party liability claim handling strategies, including appropriate determination of coverage.
Make decisions on recommendations for self-insured claim disposition.
Ensure all claims are reported to correct commercial insurance carriers in a timely manner and regularly communicate with claims examiners to ensure University’s position.
Resolve reoccurring issues by identifying trends and making the necessary changes to the University’s RMIS system.
Establish and maintain effective working relationships with campus partners, vendors, and outside panel counsel.
Commercial Insurance Program Management
Assist the Director of Risk Management in the insurance renewal process, including sourcing of information, completion of applications, and inventory listings.
Assist the Director of Risk Management in working with campus partners to identify and development risk finance solutions as needed.
Create key operational dashboards to assess metrics across all areas of risk in RMIS system.
All other duties as assigned.
Operational Risk Management
Participate in discussions regarding risk, safety, and educational programs for University students, faculty and staff.
Help manage the day-to-day compliance of the University’s minors on campus program.
Helps oversee the annual financial audit processes, providing relevant documentation to CPAs and auditors as requested.
Assists Director of Risk Management with keeping captive annual calendar up to date and working with outside vendors to handle the implementation and management of captive insurance program.
Successful completion of a full 4-year course of study in an accredited college or university leading to a bachelor’s or higher degree in a major such as insurance, business, or finance.
2-3 years of insurance experience, either an insurance carrier, broker, third party administrator, and internal risk management function.
Minimum Competencies: (Skills, knowledge, and abilities.)
Strong communication skills.
Strong technical aptitude and understanding of commercial insurance coverage.
Ability to work with a diverse set of stakeholders and provide excellent customer service.
Strong time management and project management skills
Basic understanding of claims adjudication, actuarial modeling, and risk finance.
Strong desire to learn and take on additional responsibility.
Degree in Risk Management or Insurance.
Commercial insurance underwriting or claims experience.
ARM or other professional designations.
Northwestern University is an Equal Opportunity, Affirmative Action Employer of all protected classes, including veterans and individuals with disabilities. Women, racial and ethnic minorities, individuals with disabilities, and veterans are encouraged to apply. Hiring is contingent upon eligibility to work in the United States.
Internal Number: 39350
About Northwestern University
Northwestern University is a major private research university with 12 academic divisions located on three campuses in Evanston, Chicago, and Education City in Doha, Qatar. We have approximately 2,500 full-time faculty members, 17,000 graduate and undergraduate students, and over 5,700 full and part-time staff. Northwestern University combines innovative teaching and pioneering research in a highly collaborative environment. It provides students and faculty exceptional opportunities for intellectual, personal and professional growth.