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Form of workOpportunity Overview
Insurable Risk Department
As part of the Treasury Group, our emphasis is on protecting the firm's balance sheet through the Risk Management process of 1) risk identification; 2) risk analysis; 3) risk mitigation; and 4) risk transfer. Insurable Risk works closely with several groups within the firm to coordinate these efforts. Insurable Risk contracts with multiple third-party consultants, insurance brokers and claim administrators to assist in managing several of the "Insurable Risks" within the firm, as well as creating and maintaining positive business relationships with key commercial insurers.
Responsibility Summary :
EEO Statement
Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.
Company Description
At Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 15,000+ branch offices where our more than 7 million clients live and work.
In a typical branch office, a financial advisor meets with clients and receives branch office support, so they can focus on building deep relationships with clients. Headquarters associates in St. Louis, Tempe and Mississauga provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. We continue to grow to meet the needs of long-term individual investors.
Awards and Accolades
Position Requirements
Problem Solving:
Associate must recognize, analyze, recommend and implement approved solutions to issues that reach $100,000 in magnitude. Processes and procedures are formalized but (1) circumstances surrounding claims vary widely and (2) interpersonal situations can be complex and emotional requiring skill in finding fair and equitable solutions to associate insurance related problems. Oversight of associate's work would be at least weekly. Creative thinking about problem solving is a strong plus.
Decision Making:
Risk levels for errors in decisions would generally be limited to < $10,000. Advanced intermediate functional skills are needed to make the correct decisions for the work assigned. Organization, thoroughness and attention to detail are critical. Generally works under pre-established guidelines and procedures. Recognition of what is within and outside of one's authority is critical. Will decide how and for how long to pursue subrogation claims.
Span of Influence:
Interacts with other associates, divisions, (i.e. H.R., Legal, Branch Facilities, Facilities, Security, HelpDesk, Compliance), insurance brokers, insurers and third party subrogates. Periodic formal training of Branch Facilities staff in loss control and claims handling. Speed and quality of response to needs and losses by financial advisors can significantly influence their behavior. Has no supervisory responsibilities. Influences departments approach to Risk Management. Duration of impact could be as long as a year, but generally shorter.
Candidates that live within in a commutable distance from our Tempe, AZ and St. Louis, MO home office locations are expected to work in the office three days per week, with preference for Tuesday through Thursday.
Salary Information
At Edward Jones, we value and respect our associates and their contributions, and we recognize individual efforts through a rewards program that promotes a long-term career, financial security and well-being. Visit our career site to learn more about our total compensation approach, which in addition to base salary, typically includes benefits, bonuses and profit sharing. The salary range for this role is based on national data and actual pay is based on skills, experience, education, and other relevant factors for a potential new associate:
Insurable Risk Department
As part of the Treasury Group, our emphasis is on protecting the firm's balance sheet through the Risk Management process of 1) risk identification; 2) risk analysis; 3) risk mitigation; and 4) risk transfer. Insurable Risk works closely with several groups within the firm to coordinate these efforts. Insurable Risk contracts with multiple third-party consultants, insurance brokers and claim administrators to assist in managing several of the "Insurable Risks" within the firm, as well as creating and maintaining positive business relationships with key commercial insurers.
Responsibility Summary :
- Responsible for organizing annual renewal of insurance policies for 2 countries, including scheduling, collecting data from approximately 36 internal departments, completing and submitting applications, ensuring receipt of binders and policies and timely and accurate payment of invoices. There are approximately 48 policies renewed annually with premiums totaling approximately $7,000,000.
- Manages subrogation program for firm's losses below deductibles
- Maintains insurance files and records.
- Coordinates general liability and property loss prevention programs and claims resolution with Branch Facilities, Security and HR.
- Maintains insurance section of the firm's intranet site (JonesNet)
- Implements claims resolution programs for associates and financial advisors for business interruption and business related personal property claims.
- Assist Director for budget process for approximately $10,000,000 of annual Risk Management expense.
- Attends quarterly worker's compensation claims meeting with broker and insurer to monitor and report unexpectedly large adjustment on JFC's loss fund for the current and prior years.
- Coordinates resolution of property, general liability, auto and professional liability claims filed with the firm's insurer(s).
EEO Statement
Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law.
Company Description
At Edward Jones, we help clients achieve their serious, long-term financial goals by understanding their needs and implementing tailored solutions. To ensure a personal client experience, we have located our 15,000+ branch offices where our more than 7 million clients live and work.
In a typical branch office, a financial advisor meets with clients and receives branch office support, so they can focus on building deep relationships with clients. Headquarters associates in St. Louis, Tempe and Mississauga provide support and expertise to help U.S. and Canada branch teams deliver an ideal client experience. We continue to grow to meet the needs of long-term individual investors.
Awards and Accolades
- 100 Best Workplaces for Millennials in 2022, published Fortune July 2022, Great Places to Work® data as of March 2022. Compensation provided for using, not obtaining, the rating.
- Edward Jones was recognized as one of the Best Workplaces for Millennials by Great Places to Work® and Fortune® magazine. The privately held firm ranked No. 2 overall, in its fourth appearance on the list.
- 2022 Fortune Best Workplaces for Women, published September 2022, research by Great Places to Work®, data as of August 2021. Compensation provided for using, not obtaining, the rating.
- Edward Jones has been named to the 2022 Best Workplaces for Women list by Great Places to Work® and Fortune® magazine, ranking No. 45.
- 2022 Fortune's 100 Best Companies to Work For, published April 2022, research by Great Place to Work®, data as of August 2021. Compensation provided for using, not obtaining, the rating.
- For the 23rd time, Edward Jones has earned a spot on the Fortune 100 Best Companies to Work For® ranking by Great Places to Work® and Fortune® magazine. Edward Jones ranked No. 35 on the prestigious 2022 list.
- 2022 Best Places to Work For LGBTQ+ Equality, Great Place to Work® in partnership with Human Rights Campaign Foundation, published Equity Magazine January 2022, data as of July 2021. Compensation provided for using, not obtaining, the rating.
- Edward Jones scored 100 percent on the Human Rights Campaign Foundation's 2022 Corporate Equality Index (CEI) the nation's foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. The ranking designated Jones as one of the best places to work for LGBTQ+Equality.
Position Requirements
- Bachelors degree preferred.
- Insurance experience preferred
- Proficient in suite of MS Office applications
Problem Solving:
Associate must recognize, analyze, recommend and implement approved solutions to issues that reach $100,000 in magnitude. Processes and procedures are formalized but (1) circumstances surrounding claims vary widely and (2) interpersonal situations can be complex and emotional requiring skill in finding fair and equitable solutions to associate insurance related problems. Oversight of associate's work would be at least weekly. Creative thinking about problem solving is a strong plus.
Decision Making:
Risk levels for errors in decisions would generally be limited to < $10,000. Advanced intermediate functional skills are needed to make the correct decisions for the work assigned. Organization, thoroughness and attention to detail are critical. Generally works under pre-established guidelines and procedures. Recognition of what is within and outside of one's authority is critical. Will decide how and for how long to pursue subrogation claims.
Span of Influence:
Interacts with other associates, divisions, (i.e. H.R., Legal, Branch Facilities, Facilities, Security, HelpDesk, Compliance), insurance brokers, insurers and third party subrogates. Periodic formal training of Branch Facilities staff in loss control and claims handling. Speed and quality of response to needs and losses by financial advisors can significantly influence their behavior. Has no supervisory responsibilities. Influences departments approach to Risk Management. Duration of impact could be as long as a year, but generally shorter.
Candidates that live within in a commutable distance from our Tempe, AZ and St. Louis, MO home office locations are expected to work in the office three days per week, with preference for Tuesday through Thursday.
Salary Information
At Edward Jones, we value and respect our associates and their contributions, and we recognize individual efforts through a rewards program that promotes a long-term career, financial security and well-being. Visit our career site to learn more about our total compensation approach, which in addition to base salary, typically includes benefits, bonuses and profit sharing. The salary range for this role is based on national data and actual pay is based on skills, experience, education, and other relevant factors for a potential new associate:
