Risk & Insurance Analyst Location Remote in Seattle, WA : Overview: REI Co-op is united around discovering, building and celebrating better ways of working in this world, all so that folks can find and pursue a love of the outdoors. When you work for the co-op, you do your best work with the support to live your best life. And you play a part in shaping the future of the outdoors, for people and our planet. Responsibilities: This job contributes to REI's success by supporting the corporate risk and insurance department through insurance, contract review, claims administration and data management and analysis. The Risk & Insurance Analyst position is responsible for gathering internal data and preparation for insurance underwriting documents, complete statutory reporting requirements and prepare documentation for program auditors. This role will be responsible for driving standardization reporting and measuring risk management on insurance programs. Models and acts in accordance with REI's guiding values and mission. Your Planning & Navigating Requirements (the plans the job is responsible for creating and executing, and how the job ensures they are implemented) Assist in the annual renewal of all coverage placements including the Property, Casualty, FINPRO, Cyber, and Marine/Stock Throughput Programs. Under the guidance of the Risk & Insurance Manager, this role coordinates responses to internal and external stakeholder requests for input from Risk & Insurance subject matter experts. Reviews vendor 'scope of work' and contracts in-negotiation to assess contractual risk transfer and provide recommendations to protect the co-op from loss arising out of the partnership. Supports tracking and administration of first party claims (Property, Cargo, Cyber, etc) Gather and analyse data and assist in the preparation of presentations to underwriters. Gather and analyse data and provide reports to premium auditors annually. Complete annual/quarterly state and federal reporting including self-insurance assessments and bureau of labor statistics reports. Support the day-to-day administration of the insurance program including maintaining files with policies and endorsements and responding to insurance related inquires. Create and standardize reporting to monitor insurance premiums and claims payments. Assist with the management of brokers, insurers, and third-party claims administrators. Develop risk management and insurance materials for relevant stakeholders. Research appropriate risk management solutions to enable emerging company initiatives and products. Maintains key risk indicators and key performance indicators (KRIs/KPIs). Drive culture of risk management throughout the business and operationalize ways to measure risk/impact on insurance programs. Required: High school diploma or GED equivalent and minimum 5 years insurance agency/career or corporate risk management experience. Education can be used in lieu of experience. Previous experience with insurance placement and claims administration. Familiarity with data analytic tools and conducting trend analysis. Excellent communication, organizational, and time management skills. Ability to balance competing priorities and execute within tight deadlines. Ability to work independently and collaborate cross functionally. Actively participates and collaborates with others on one's own team and across REI for the achievement of business goals. Flexible in one's viewpoints and positions in order to support the direction taken by others at REI. Uses business knowledge, innovative thinking, and sound judgment in the solution of problems or the pursuit of business opportunities. Consolidates information from various sources including feedback from others to reach sound decisions. Considers the ultimate impact of decisions and actions on internal and external customers. Works smart by setting effective work goals, establishing priorities, and planning well in order to produce quality work. Executes effectively by using resources efficiently, meeting deadlines, and keeping others informed of work plans and progress toward goals. Clearly conveys and accurately receives information by a variety of methods and in various situations. Builds rapport with all kinds of people inside and outside the organization. Acts upon opportunities and involves and influences others in the accomplishment of worthwhile organizational goals. Challenges the status quo, champions change and influences others to change. Preferred: Bachelor's degree in Business Administration, Finance or a related field. Applicable Insurance or Risk Management certifications. 3+ years' experience with in-house corporate risk, insurer or insurance broker. Closing: At REI, we believe the outdoors is for all. We are committed to becoming a fully inclusive, anti-racist, multicultural organization. We know that there's strength in our diversity - that each employee brings unique skills, experiences, and perspectives. Every day you are driving change, fostering a culture of respect, and knowing you're backed by benefits that support your whole life. To work towards this commitment and fulfill our brand promise of inspiring and enabling a life outside for everyone, we seek employees who demonstrate different ways of working, create a sense of belonging, and actively listen and learn. Pay Transparency We are committed to practices that promote pay equity and transparency. As required by applicable Pay Transparency laws, REI provides a range of compensation for roles that may be hired in locations under these requirements. Factors that may be used to determine your actual salary may include a wide array of factors, including: your specific skills and experience, geographic location or other relevant factors.
REI offers all regular employees a generous employee discount, access to health benefits, a retirement savings plan and accrued time off. Click here for a detailed overview of benefits plans by employee profile.
Base Pay Range: USD $63,300.00 - USD $101,500.00 /Yr.
