Position Summary
The Insurance Analyst position will assist with corporate insurance related matters mainly supporting with day-to-day administrative activities and management of routine department processes. As directed, the Analyst will perform a number of insurance and risk management activities that support the various business lines within PPL which include: insurance program renewals for property and casualty lines, captive insurance management, claims, contract reviews for a wide variety of risks, management of the surety bonding program, certificates of insurance processing, and involvement in any project that requires corporate insurance assistance.
Primary Responsibilities
1. Collect and organize data for US domestic insurance program renewal submissions and assist in the renewal process as directed. Tasks include renewal application underwriting data preparation, insurance meeting participation, development of presentations and reports to senior management.
2. Assist in the overall management of PPL's corporate insurance programs and any special programs in place for specific business lines.
3. Assist with claims management activities such as monitoring status of claims and potential claims for exposure and incurred costs, and processing invoices related to claim payments.
4. Manage insurance certificates for both PPL and from third parties doing business with PPL and its subsidiaries.
5. Work closely with all business lines and corporate support groups (including Procurement, Legal, IT) in the review and risk identification in various agreements and contracts to analyze and recommend appropriate insurance requirements for third parties to best protect the interests of PPL.
6. Review quotes, binders and policies upon receipt for accuracy.
7. Manage the invoice/payment process for all placements, fees and claim billings.
8. Manage the corporate surety bonding program including new requests, renewal of existing bonds and processing invoices.
9. Provide mergers and acquisitions (M&A) due diligence and integration support across all insurance programs.
10. Provide assistance in data and risk analysis for projects as needed.
11. Provide support to other risk management functions as needed.
12. Physical presence in the office/on-site to engage in face-to-face interaction and coordination of work among direct reports and co-workers.
Candidate Qualifications
Candidates must meet the basic qualifications and pass all required tests or assessments to receive consideration.
In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility form upon hire.
Basic Qualifications
- Bachelor's degree from an accredited college or university preferably in the field of Mathematics/Statistics, Risk Management and/or Insurance.
- Insurance Analyst consideration - 2-4 years' experience in Insurance or Risk Management either in a corporate environment or at a commercial insurance brokerage firm or commercial insurer in any related field (underwriting, claims, broker placement or client advisory role).
- Senior Insurance Analyst consideration - 5-7 years' experience in Insurance or Risk Management either in a corporate environment or at a commercial insurance brokerage firm or commercial insurer in any related field (underwriting, claims, broker placement or client advisory role).
- Demonstrated knowledge of core commercial insurance principles and understanding coverage forms, risk identification and risk assessment.
- Detail-oriented and strong organizational skills required to maintain and ensure accuracy of data and information of different activities.
- Analytical skills required and ability to manage multiple projects and tasks independently, change priorities when needed and be proactive.
- Excellent written and verbal communication skills with strong presentation skills.
- Strong interpersonal skills with an ability to effectively support and work well with people from different disciplines across the organization. Customer focus, collaborative and willingness to develop professional relationships with core brokers and vendors.
- Highly proficient working knowledge of Microsoft Office - Outlook, Word, Excel, PowerPoint and SharePoint.
- A valid driver's license operable in all 50 states and Canada.
Preferred Qualifications
1. Completed or desire to pursue professional insurance designation such as Associate in Risk Management (ARM) or Chartered Property Casualty Underwriter (CPCU).
2. Experience within the power/utility/energy industry or renewable energy business is a plus.
PPL Corporation
Two N Ninth St
Allentown
Pennsylvania United States
www.pplweb.com
