Business Insurance and Risk Manager

Eckart, LLC

Business Insurance and Risk Manager

Louisville, KY
Full Time
Paid
  • Responsibilities

    This position would be housed at the corporate offices in Corydon, Indiana.

    Eckart is looking to hire a Business Insurance and Risk Manager who will be responsible for protecting the organization against financial losses and liabilities, ensuring regulatory compliance, and promoting a culture of risk awareness and mitigation.

    The ideal candidate will have experience in many of the below areas:

    Claims management (auto, health, property and casual, workers compensation etc.)

    Insurance renewals

    Knowledge across multiple lines and the ability to learn and understand new ones in a timely manner

    Ability to analyze claims data and make recommendations as to how improvements can be made

    Identify and recommend key areas of safety and compliance to minimize risks

    Duties and Responsibilities:

    Review and analyze insurance policies, premiums, and coverage limits to optimize protection while controlling costs.

    Collaborate with insurance brokers, underwriters, and other stakeholders to secure competitive quotes and negotiate favorable terms.

    Coordinate the development, and implement risk management strategies to reduce the likelihood of insurance claims and minimize potential losses.

    Ensure compliance with all applicable insurance regulations, including reporting requirements, policy renewals, and claims processing.

    Conduct regular audits and assessments of insurance coverage to identify gaps and opportunities for improvement.

    Provide guidance and support to internal departments on risk reduction, incident reporting, and claims investigation.

    Manage all claims reported to the insurance carrier and resolve all claims that fall under the deductible to successful conclusion.

    Prepare and maintain OSHA 300 and OSHA 300A reports.

    Verify that subcontractors have appropriate insurance coverage in place prior to commencement of work. Review certificates of insurance, ensuring that coverage meets contractual requirements, coordinating additional insured requirements and tracking expiration dates to prevent lapses in coverage.

    Assist clients in understanding the organization’s coverage, providing clarification on liability, indemnification, and insurance provisions within contracts or agreements.

    Manage and ensure business registrations and firm licensure for professional service lines are up to date and compliant with relevant laws and regulations in all jurisdictions where it operates.

    Drive a fleet program to ensure DOT compliance, and minimize risk exposures.

    Perform other duties as assigned.

    Knowledge, Skills, and Abilities:

    In-depth understanding of insurance principles, policies, and practices, including bond insurance.

    Knowledge of relevant laws, regulations, and compliance standards related to business insurance and registration.

    Familiarity with risk management strategies and techniques to minimize organizational liabilities.

    An established network of injury risk management options such as occupational clinics and triage nurses

    Experience with monopolistic state worker’s compensation requirements

    Understanding of contract language and insurance provisions to negotiate favorable terms.

    Proficient in Outlook and MS Office programs

    Excellent written and oral communication and interpersonal skills to effectively and diplomatically communicate at every level within the organization

    Excellent listening skills

    Ability to perform in a detail-oriented environment with a high level of accuracy

    Ability to organize, prioritize, and perform multiple work assignments simultaneously.

    Education and Experience:

    Bachelor’s degree in business administration, risk management, insurance, finance or a related field plus a minimum of three (3) years of relevant experience OR a combined combination of education and experience.

    Certified Insurance Compliance Professional (CICP) or similar professional designation(s) preferred.

    Knowledge of the electrical supply industry preferred.

    Additional:

    Must possess a valid driver’s license and a clean driving record

    Physical Demands:

    Duties are primarily performed in an office environment and at client job sites

    Constantly operate a computer and other office productivity equipment

    The person in this position frequently communicates with co-workers and clients

    Must be able to thoughtfully exchange accurate information

    Must be able to travel up to 25% of the time.

    Disclaimer:

    Nothing in this job description restricts leadership’s right to assign or reassign duties and responsibilities to this job at any time

    This description reflects leadership’s assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned

    This job description is subject to change at any time