Senior Analyst- Risk Management Insurance
WFA Digital Insight
The demand for risk management professionals is on the rise, with a 25% growth in job postings in the last year alone. As companies navigate complex global landscapes, their need for skilled analysts who can mitigate risks and optimize insurance coverage has become paramount. Wabtec, a leading global provider of equipment and digital solutions, is no exception. With its commitment to innovation and customer satisfaction, this role offers a unique blend of challenge and opportunity for the right candidate. Before applying, consider the importance of a strong analytical mindset, excellent communication skills, and the ability to work independently in a fast-paced environment.
Job Description
About the Role
The Senior Analyst- Risk Management Insurance position at Wabtec is a critical component of the company's risk management strategy. As a member of the risk management team, you will play a key role in supporting the company's insurance and risk management programs through detailed analysis, claims coordination, and policy administration. Your work will directly contribute to the company's ability to manage risk effectively and operate securely across all business units.Day-to-day, you will work closely with internal departments, brokers, insurers, and third-party administrators to manage risk exposures and ensure proper insurance coverage. This role reports to the Sr. Manager, Risk Management and regularly prepares reports and presentations for senior leadership. Your ability to analyze complex data, identify trends, and provide actionable insights will be essential in this position.
Wabtec is a company that values innovation, customer satisfaction, and employee growth. As a leader in the industry, it offers a dynamic work environment that is both challenging and rewarding. If you are a motivated and results-driven professional looking to make a difference, this role could be the ideal opportunity for you.
What You Will Do
- Evaluate and manage corporate insurance programs, including property, casualty, liability, and specialty lines
- Analyze risk exposures and loss trends to support insurance renewals and mitigation strategies
- Maintain insurance policy documentation, certificates of insurance, and claims records
- Coordinate with internal departments and external partners (brokers, insurers, TPAs)
- Support claims management from intake through resolution
- Prepare reports and presentations on insurance coverage, claims status, and risk metrics
- Review contractual insurance requirements
- Participate in risk assessments and enterprise risk management initiatives
- Process invoices and prepare internal premium allocation schedules
- Assist with global surety bond portfolio management and coordination
What We Are Looking For
- Bachelor's degree in Finance, Risk Management, Insurance, or a related field
- 5+ years of experience in insurance, risk management, or a related role
- Strong understanding of insurance principles, policy structures, and claims processes
- Proficiency with Microsoft Excel and risk management software
- Excellent written and verbal communication skills
- High attention to detail and strong organizational skills
- Ability to work independently and manage tasks with minimal supervision
Nice to Have
- Experience with data analysis and interpretation
- Knowledge of regulatory requirements and industry standards
- Certification in risk management or a related field
Benefits and Perks
- Competitive salary range
- Performance bonus eligibility
- Comprehensive health, welfare, and retirement benefits
- Opportunities for professional growth and development
- Collaborative and dynamic work environment
- Remote work options
How to Stand Out
- Develop a strong understanding of insurance principles and risk management concepts to stand out in your application.
- Showcase your analytical skills by providing examples of complex data analysis and insights you've provided in previous roles.
- Familiarize yourself with Microsoft Excel and risk management software to demonstrate your technical proficiency.
- Prepare to discuss your experience with claims management, policy administration, and risk assessments during the interview process.
- Highlight your ability to work independently and manage tasks with minimal supervision, as this is a key requirement for the role.
- Consider obtaining a certification in risk management or a related field to enhance your credentials and career prospects.
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