Risk Insurance Specialist

2 days ago


india A USA based General contracting firm Full time

This position is responsible for supporting the Risk Insurance Manager primarily in the review of insurance documents provided by subcontractors, and review and scoring of subcontractor prequalification information. The position also supports the VPRM in various legal and contract related tasks.



Job Scope


Primary Accountabilities


  • Oversees the administration and delivery of all documentation related to insurance policies, including the certificates of insurance database administration.
  • Administers and conducts review of subcontractor prequalification process, including review of financials , and administers 3rd party prequal vendors.
  • Administers and tracks bonds issued on behalf of CPBL
  • Manages the Subcontractor credit collection process
  • Monitors premiums and costs associated with insurance program
  • Assist VPRM in the review of policies and contracts and provides guidance to company personnel regarding general insurance terminology, coverages, limits, etc.
  • Assist the assessment and determination or coverage levels and negotiation of policy terms and premiums.
  • Reviews evidence of insurance received from subcontractors to confirm compliance with requirements
  • Administers requests for evidence of insurance provided by CPBL to 3rd parties
  • Insurance Audit Management
  • ACIG & Woodruff Sawyer Policies including timely close-out of project specific policies.
  • Gathering, tracking, and coordinating underwriting information from client business teams for policy placements.
  • Compile data to assist and supplement reporting by accounting for ACIG and financial audits, relative to project set- up, billing and invoice processing.
  • Manage lower tier property damage claims involving auto, on site and adjacent property (under various policies of insurance) and equipment damage claims.
  • Tracking client project closings and/or construction progress to assess, place, renew and/or follow up on insurance needs.
  • Monitoring compliance with insurance requirements and procedures.
  • Coordinating with legal, project management, and safety associates to assist in the overall implementation of risk management strategies and policies.
  • Manage and/or train other Subcontractor Compliance Coordinators & Insurance Specialist as needed.
  • Assist corporate accounting, as needed, with timely payments of all insurance premiums.
  • Assist VPRM and General Counsel with the set-up, tracking, and payment of invoices for Legal/Insurance corporate budget.


Qualification


Education/Training:

  • CRIS certification is preferred


Knowledge/Skills/Abilities:

  • Microsoft office, Word, Outlook, Excel, PowerPoint
  • Experience with Insurance terminology, concepts, and processes
  • Attention to detail, and ability to understand complex insurance documents
  • Excellent written & verbal communication skills
  • Self-starter with the ability to prioritize multiple projects
  • Strong organizational skills
  • Excellent time management skills


Work Experience:

  • Minimum of 5 years of dealing with insurance for a General Contractor, Subcontractor, broker, or insurer



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