Risk Analyst

Job Summary:

The Risk Analyst is an early-career role with meaningful responsibility and a strong development path in risk management. The Risk Analyst will support the broader Risk Management function, including the identification and mitigation of risks, the insurance program, business continuity and disaster recovery planning, and related risk reporting. This role requires analytical thinking and being curious to better understand the why behind data and potential risks.

Essential Functions:

• Own the end-to-end monopolistic state filing process, including gathering payroll and exposure data, preparing and reconciling reports to source systems, performing accuracy reviews, and submitting filings accurately and on time
• Analyze insurance related job codes and trends in filings and the ability to investigate root causes, challenge assumptions, and communicate clear findings to the Risk Manager
• Track filing deadlines and regulatory requirement changes, maintain a filing calendar, and escalate issues early
• Support stakeholders with the proactive identification of risks, help determine likelihood and impact, and conduct risk assessments of business functions
• Support with the development of controls, document issue remediation plans as needed, and manage the execution of issue remediation plans
• Manage the ongoing insurance process, renewal requirements gathering, and support stakeholders throughout process
• Support the Business Continuity function managing the creation and maintenance of Business Continuity Plans for our customers, supporting Business Continuity work sessions  and promoting Business Continuity & Disaster Recovery awareness
• Aid the manager in maintaining the risk management application and support other groups that use tool
• Support process improvements efforts related to Risk Management and the execution of ad-hoc projects
• Manage the ongoing reporting process, support dashboard creation, and assist with the ongoing maintenance of risk related data, ensuring data integrity and consistent, well-documented calculations
• Review and audit all work products to ensure consistency and high standards of quality of risk mitigation deliverables
• Perform additional duties as assigned by the Risk Manager or ECRM Director

Minimum Education and/or Experience:

• Bachelor degree in Business Administration/Management/Finance/Accounting or related field - required
• 3- 5 years of relevant experience; internships, co-ops, rotational programs or substantial academic project work will be considered
• Exposure to any of the following areas is helpful: risk management, insurance, audit, compliance, finance/accounting or data analysis
• Coursework or experience in risk management, insurance, regulatory compliance

Skills/Abilities:

• Must have excellent verbal, written, and presentation communication skills
• Interpersonal skills to build working relationships, negotiate priorities and resolve conflict
• Critical thinker – demonstrates strong analytical and problem solving skills; questions assumptions, validates data, identifies root causes, and draws sound conclusions
• Ability to relate to all levels in an organization
• Must be highly organized and detail oriented
• Advanced Excel proficiency required (e.g., XLOOKUP/VLOOKUP, INDEX/MATCH, pivot tables, conditional logic, data validation and reconciliation); able to build, audit and document complex workbooks; proficiency in the rest of MS Office
• Takes ownership of recurring, deadline-driven regulatory work with a high standard of accuracy and integrity
• Eager learner who seeks feedback, asks good questions and quickly builds subject-matter knowledge
• Exhibits reasoned decision making abilities

Benefits Overview:

Office Requirements:

• Required in office 4 days a week out of our headquarters in Hanover, MD

Core Competencies:

• Building Relationships
• Develop People
• Lead Change
• Inspire Others
• Think Critically
• Communicate Clearly
• Create Accountability

“Individual compensation offered for this position within this range will depend on many factors, including qualifications, skills, relevant experience, job knowledge, geographic location, internal equity, and other pertinent job-related factors.”