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SalaryJob Number:394950
Description
JOB ANNOUNCEMENT
JOB ANNOUNCEMENT
Senior Risk Analyst
Department of Finance
Risk Management
Number of Positions: 1
Under general supervision, evaluates insurance risks, negotiates insurance terms and conditions, monitors insurance claims, and performs other related duties as required.
ESSENTIAL DUTIES
- Evaluates contracts and develops insurance requirements based on the City's exposures to risks
- Reviews contractors' certificate of insurance and has the City named as an additional insured to transfer risk exposure from the City to the contractors
- Analyzes and evaluates new and renewal insurance policies for accuracy of coverages
- Develops insurance specifications and requests for proposals (RFP) for the purchase of new insurance policies, the renewal of existing policies, insurance broker selection, and third-party insurance administrators
- Reviews and evaluates insurance proposals from brokers for pricing, coverages, and adherence to specifications
- Prepares insurance price and cost analysis related to insurance policies
- Negotiates insurance policy terms and conditions to obtain maximum coverages at the lowest price
- Reviews property, liability, and workers compensation claims and forwards to insurance carrier for settlement
- May provide technical support and coordinate special projects
NOTE: The list of essential duties is not intended to be inclusive; there may be other duties that are essential to particular positions within the class.
LOCATION: Department of Finance
Risk Management
2 N. LaSalle St., Chicago, IL 60602
DAYS & HOURS: Monday through Friday, 8:30 AM to 4:30 PM
THIS POSITION IS EXEMPT FROM THE CAREER SERVICE
Qualifications
Graduation from an accredited college or university with a bachelor’s degree in business administration, public administration, or a directly related field, plus two (2) years of experiencein the administration of commercial property and casualty insurance programs,
Graduation from an accredited college or university with a bachelor’s degree in business administration, public administration, or a directly related field, plus two (2) years of experiencein the administration of commercial property and casualty insurance programs,
OR
A master’s degree or higher in business administration, public administration, or a directly related field, plus one (1) year of experiencein the administration of property and casualty insurance programs,
OR
An associate degree in business administration, public administration, or a directly related field, plus four (4) years of experiencein the administration of property and casualty insurance programs,
OR
Six (6) years of experiencein the administration of property and casualty insurance programs.
SELECTION REQUIREMENTS
This position requires applicants to successfully complete an interview which will include a written exercise and/or skills assessment as part of the interview. The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position, based on the oral and written parts of the interview will be selected.
Preference will be given to candidates possessing the following:
- Insurance industry knowledge
- Familiarity with risk management principles
ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.
The City of Chicago in an Equal Employment Opportunity and Military Friendly Employer.
City of Chicago
Brandon Johnson, Mayor
Applications for this position will be accepted until 11:59 pm CDT on April 10, 2024.
Job Posting: Mar 27, 2024, 12:00:00 AM | Closing Date (Period for Applying) - External: Apr 10, 2024, 11:59:00 PM
BU: 10 | Salary: $74,244.00 Pay Basis:Yearly
