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Senior Analyst, Risk

External
Westerndigital logoWesterndigital · Irvine, CA
Full-timeOn-site1mo ago
DocumentationExcelForecastingProcess ImprovementRisk Management
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Benefits

Health insuranceVision insurance

Additional Information

Supports Risk Management Department objectives regarding corporate insurance, loss prevention, and business continuity programs. Responsibilities include compiling underwriting information for coverage placement, claims administration, and loss reduction analysis, as well as providing administrative and coordination support to the Global Resilience Program. Domestic and international travel may be required. ESSENTIAL DUTIES AND RESPONSIBILITIES The Risk and Insurance Administrator is responsible for day-to-day administration of the company's property and casualty insurance programs and provides administrative and coordination support to the Business Continuity program. Specific duties include the following: Insurance Program Administration Manage the day-to-day administration of the corporate Risk Management program, emphasizing operational proficiency, clear communication, and process improvement. Collaborate with corporate Risk Management staff, insurance brokers, and business units to obtain information required for insurance applications and program marketing. Review leases, agreements, and contracts to ensure insurance requirements are appropriate and consistent with the company's current insurance program. Coordinate issuance of certificates of insurance as required by customers and company activities. Circulate insurance documents for signature as needed. Work with State agencies, service providers, and business units to monitor self-insurance and All-Other States workers compensation programs. Assist with administration of the company's Captive Insurance Company, including obtaining underwriting data for new coverage placements, developing premium finance contracts and schedules, and responding to annual audits. Maintain a premium invoice schedule and communicate adjustments to appropriate stakeholders. Process insurance invoices from brokers and insurers. Review insurance policy declarations, endorsements, and invoices for accuracy. Work with insurance brokers and carriers to coordinate follow up on required support documentation. Maintain and analyze historical pricing models to support premium forecasting and optimization decisions. Maintain Risk Management department records and the offsite storage register. Coordinate Loss Prevention inspections with insurers and site personnel. Encourage completion of open loss recommendations at critical sites by prioritizing and communicating the risk to site personnel. Participate in business development, mergers, acquisitions, and divestiture projects. Assist in ensuring acquired risks are covered under appropriate insurance programs. Claims Administration Report and monitor property, cargo, and liability claims. Conduct periodic follow up with internal stakeholders, insurance representatives, and third parties to stay current on claim status and conclude claims in an efficient and timely manner. Support business units with insurance claim processing as needed. Maintain historical records of all losses, insured and uninsured, including recoveries and reserves set by insurance companies. Global Resilience Program Support Support maintenance of current versions of Business Continuity Plans, templates, and program records in designated repositories. Coordinate scheduling and logistics for BCP-related activities including plan reviews, tabletop exercises, and training sessions. Track and follow up on open action items and tasks assigned to BCP stakeholders across business units; escalate overdue items to the program lead. Support distribution of BCP communications, surveys, and program updates to stakeholders across the company. Maintain BCP stakeholder contact lists and organizational data to ensure program records are current. Support onboarding of new BCP stakeholders by distributing program materials and coordinating introductory meetings. Other Duties Other duties may be assigned. Supervisory Responsibilities None Supervision Received: work independently with self-motivation, managing daily tasks, meeting deadlines and problem solving with minimal supervision. Must take ownership of results, including self-checking work for quality control REQUIRED Bachelor's degree in business administration, Health & Safety, Risk Management & Insurance, or equivalent 3+ years of Risk Management, Finance, Loss Prevention, or related insurance industry experience Associate in risk management (ARM), Certified Property Casualty Underwriter (CPCU), or licensed broker preferred Insurance terminology and policy structures Experience with international insurance placements Basic familiarity with Business Continuity concepts and terminology preferred; formal BC certification not required Ability to leverage AI-enabled applications to improve efficiency, decision-making, and workflow automation Computer, Software, Tools, and Equipment Skills Intermediate proficiency in MS Excel, MS Word, and MS PowerPoint Proficiency in data visualization and reporting tools such as


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