Insurance Risk Analyst III

Compensation Planning

Bonus Calculator

Develop a Job description

Pay Equity

Insurance Risk Analyst III analyzes the insurance needs of an organization to provide optimum coverage, costs, and claim settlements. Collects, classifies, and analyzes data from multiple sources such as audits, claims, renewals, and financial reporting. Being an Insurance Risk Analyst III creates risk forecasting models and reporting using business intelligence tools. Evaluates insurance proposals and makes recommendations. Additionally, Insurance Risk Analyst III negotiates insurance premiums and coverage terms directly with insurance companies and/or through brokers. Collaborates with cross-functional teams to ensure reporting and processing of all policy audits, payments, claims, and renewals. Supports loss prevention and safety initiatives. Reviews insurance policies for accuracy and works with brokers and underwriters to resolve discrepancies. Requires a bachelor's degree. Typically reports to a manager. The Insurance Risk Analyst III work is generally independent and collaborative in nature. Contributes to moderately complex aspects of a project. To be an Insurance Risk Analyst III typically requires 4-7 years of related experience.