Job Information
Hubbell Power Systems Analyst, Risk Management in Shelton, Connecticut
Analyst, Risk Management
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Date: Apr 25, 2024
Location: Shelton, CT, US, 06484-4300
Company: Hubbell Incorporated
Job Overview
Hubbell is seeking an experienced risk professional, possessing 4-6 years of experience administering risk, claims and insurance programs, to assist the Director of Risk Management with the implementation, administration and management of Hubbell’s global Risk Management program. We are looking for an analytical, innovative and solutions-oriented risk professional with the desire and ability to identify efficiencies and drive improvements while handling the day-to-day tasks of an active risk management function.
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A Day In The Life
Assist with the renewal and administration of Hubbell’s global insurance program, including property, casualty, executive protection, and liability policies.
Compile, analyze, validate and maintain risk exposure data from internal contacts for insurance renewals and audits.
Review insurance binders, policies, and endorsements for accuracy.
Assist with due diligence regarding insurance and risk profile of acquisition targets.
Assist with the integration of insurance programs of acquired companies.
Collect and validate data for annual insurance budget plan, allocation of costs and quarterly actuarial studies.
Assist with the management and administration of Hubbell’s captive insurance program, risk pooling arrangements and claim reserving.
Partner with the Legal Department, field contacts, and insurance adjusters to report and manage claims and litigation involving product liability, employment, workers’ compensation, automobile, cargo, commercial and regulatory matters.
Manage mandatory Medicare claim reporting processes.
Coordinate review of customer and vendor contracts for compliance with insurance requirements.
Manage insurance-related invoice review, approval and processing.
Assist with management of property loss control program and safety programs.
Provide analyses and responses to internal coverage and claims handling questions.
Maintain, manage and leverage Risk Management Information Systems (RMIS), insurance and claim databases.
Identify and recommend process improvements, including electronic risk exposure data collection, review, and storage, and creation of standard work documents.
Perform other risk management and insurance-related duties, as assigned.
What will help you thrive in this role?
Bachelor’s degree in business, finance, insurance, risk management or a quantitative field.
At least 4 to 6 years of work experience in risk management and commercial insurance (property, casualty, liability, and other lines) within a corporate risk management department, for an insurance broker, or at a property casualty insurance company.
Strong analytical, interpersonal, presentation, teamwork, and communication skills.
Ability to manage simultaneous tasks, meet tight deadlines, take initiative, and drive work to conclusion.
Information technology savvy. Proficiency in Microsoft Office (Outlook, Excel, PowerPoint).
Professional insurance and risk management designation a plus.
Hubbell Incorporated
Hubbell creates critical infrastructure solutions that power our customers, communities, people and the planet. Our company is strategically aligned around enabling grid modernization and electrification. As more products plug in to an aging grid, Hubbell solutions enable the transition to a more reliable, resilient and efficient energy infrastructure. Founded in 1888 our innovation has made us a leading global manufacturer of high quality electrical and utility solutions enabling customers to operate critical infrastructure reliably and efficiently.
The company operates in two segments. Hubbell Utility Solutions (HUS) enable the grid to conduct, communicate and control energy across utility applications and Hubbell Electrical Solutions (HES) are essential to managing power across a wide range of industries and applications. Our vertical market solutions can be applied to markets including Data Centers, Renewables, Commercial Buildings, Industrial, Telecom and Transportation. Supporting both of our business segments is our corporate and Hubbell Unified Business Solutions teams that provide consistent process, tools technologies across our businesses.
We are committed to operating sustainably and ethically while promoting an inclusive and supportive culture for our people to grow and develop in their careers. Our employees proudly work and serve our communities from our headquarters in Shelton, CT, across the United States and around the globe.
Hubbell Unified Business Solutions
Hubbell Unified Business Services (HUBS) provides corporate shared services to support all businesses across the enterprise. Functional areas include Engineering, Sales, Operations, Marketing, Finance, Legal, IT, Human Resources, Payroll, Environmental Health & Safety, and Compliance. HUBS employees are located around the world.
Hubbell Incorporated, its subsidiaries and affiliates, is an EO Employer AA: M/F/Veteran/Disability. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender identity or any other protected class.