Risk Insurance Captive Analyst - Senior

Cummins Inc.United StatesOn-siteFull-timeMid level, 2–5 yearsListed 3 hours ago

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About this role

Job Summary:
Partners with captive administrator, actuaries and consultants to provide technical analysis and support on financial transactions and claim related matters for the captive and risk management team; supports captive financial reporting and governance activities.

Key Responsibilities:
Provides analytic support on domestic and international insurance programs including: Property, Marine, General Liability, Professional liability, Crime, Auto, Products liability, and Employers Liability. Responsible for the preparation of complex and interpretive financial analyses and reports. Coordinates captive financial aspects, including monthly financial reports, year-end financial report, investment, tax, and captive service level agreement. Monitors renewal progress and premium cessions by lines with Global Risk Managers. Performs cash management including approval of payments . Coordinates collection and review of data by line of coverage in support of actuarial loss studies for policy renewals and budget determination. Participates in regular claim review and analysis, including monthly captive insurance company reporting, quarterly large claim review with the Claims team and third-party claims administrator. Provides analysis and oversight of various large property and casualty claims; performs claim trend analysis and monitoring. Prepares and facilitates captive meetings, including the annual Board of Director meeting in Vermont, quarterly Advisory Committee meetings, and quarterly finance reviews. Manages financial transactions of acquired group captive insurance programs and run-off insurance programs; manages internal communications, tracks/ monitors third party captive administrator.

Unique Core Responsibilities

- Support to manage captive insurance company.
- Support insurance program renewals.
- Support certain claim activities.

Preferred Qualifications

- 3–5 years of experience in risk management, insurance, brokerage, finance, or captive management.
- Professional certifications preferred (ARM, CPCU, CPA, CCI, ACI, or similar).
- Project management, communication and collaboration skills are preferred.