The Lead Analyst of Insurance Risk Management (IRM) is responsible for analyzing, implementing, and supporting a comprehensive, enterprise-wide corporate insurance and surety program that proactively connects risk and opportunity with performance. The role focuses on identification of risk exposures, evaluation of appropriate risk management solutions and application of conventional risk transfer, risk retention and/or alternative risk transfer, while aligning risk management practices with corporate strategy and policies. This role will report to the Manager of Insurance Risk Management.
Essential Functions
- Design, implement, and continuously mature a holistic, enterprise-wide corporate insurance and surety program that aligns with organizational objectives, regulatory expectations, and leading practices in risk governance.
- Facilitate insurance renewals through execution of strategy predicated on risk identification, evaluation, and application of conventional risk transfer, risk retention and/or alternative risk transfer.
- Prepare renewal presentations, schedule and coordinate meetings with insurance brokers and underwriters.
- Develop and track renewal timelines, tasks to promote progress, and generate leadership renewal recommendations.
- Facilitate cross-functional engagement with key stakeholders to compile and review renewal submissions.
- Track, review and electronically file insurance binders, policies, and supplemental renewal documentation.
- Support certain claims processes through coordination with claims, litigation and various subject matter experts to compile and submit deliverables for favorable resolution.
- Establish ongoing monitoring and reporting processes that provide leadership with a consolidated, enterprise-wide view of risk exposure and trends (e.g., dashboard, quarterly memos, total cost of risk, peer benchmarking analysis).
- Provide shared-service solutions such as contractual insurance provision reviews, establishing surety bonds and certificates of insurance.
Essential Functions Continued
- Coordinate with team members to produce a timely and accurate production of annual plan, monthly forecasts, cash forecasting, invoice allocations and any financial information required for regulatory filings to meet stakeholder requirements.
- Perform variance analysis and ad-hoc reports as needed to support in operational decisions.
- Facilitate broker requests for proposals and manage ongoing broker relationships, including performance, service delivery, communication, and accountability.
- Support administrative needs associated with the company's captive insurance program and various high-deductible programs (e.g., monthly workers' compensation billing allocation, collaboration with third party administration).
- Support special projects, mergers and acquisitions and legislative session insurance needs on an as-needed basis.
- Identify and propose efficiency-gain solutions to streamline workflows leveraging approved artificial intelligence solutions, Microsoft Office Suite, intranet, etc.
- Organize annual electric, gas and property loss control site visits and follow-up meetings.
- Support executive leadership and board-level engagement through forward-looking risk reporting, clear articulation of risk trade-offs, and insights on emerging market trends.
- Proactively communicate in a clear, decision-oriented manner that enables timely and informed leadership action.
- Partner with leaders across finance, treasury, operations, legal, compliance, and other functions to fully analyze strategies that challenge the status quo.
Education Description
- Bachelor's degree in Business, Risk Management, or related field.
- Professional certifications in risk management are a plus.
Experience
- 3 - 8+ years of progressive experience in insurance risk management.
- Proven contractual insurance provision review experience.
- Proven track record with executive-level reporting and stakeholder engagement.
- Experience supporting ISN vendor compliance platform a plus.
- Experience with third-party administrator claims portals preferred.
CenterPoint Energy
1111 Louisiana St
Houston
Texas United States
www.centerpointenergy.com


