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Claim, Risk, and Insurance Management Analyst (Hybrid)

AT TE Connectivity
TE Connectivity

Claim, Risk, and Insurance Management Analyst (Hybrid)

Berwyn, PA

At TE, you will unleash your potential working with people from diverse backgrounds and industries to create a safer, sustainable and more connected world.

Job Overview

Responsibilities will include management of US and Rest of the World claim processes and related resources for the property, casualty, and executive risk insurance programs, including the maintenance of Risk Management Information Systems and associated financial controls. Duties include but are not limited to:

  • Claim Management - Responsible for all insured claims matters, including 3rd party administrators, internal and external resources, coverage analysis, claim reserve analysis, and related IT systems. Strong knowledge of the US worker's compensation system and disability management in multiple jurisdictions with a documented track record of cost-effective resolution of litigated claims in California, North Carolina, South Carolina, Pennsylvania, and Texas.
  • Financial Controls - Maintain processes that provide adequate controls for payments and receipt of funds, including bank account reconciliations.
  • Complex Insured Claim Resolution - Support the management and resolution of complex insured matters that require effective communication with executive management, business units, human resources, internal and external legal counsel, insurance companies, and Tax.
  • Management Reporting-Generate reports, schedules, and presentations that management utilizes to monitor costs, track performance, generate budgets, and develop actuarial estimates and forecasts.
  • Risk Reduction-Proactively partner with Human Resources and Environmental, Safety, and Health Organizations to identify adverse claim trends based on data and statistical analyses, direct loss control programs and training to eliminate dangerous conditions and unsafe behavior, and educate front-line management on the cause of loss and issues that impact claim costs.
  • Insurance Program Management-Participate in insurance and risk transfer program negotiations, including presentations to insurance carriers and third-party administrators regarding TE client service instructions, loss experience, and significant loss summaries. Responsibilities also include document management and retention.

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The candidate will be required to provide high-level support to TE business units and effectively interface with the various corporate functions (Finance, Legal, HR, Environmental Safety and health, and Tax). The candidate will also be required to interface with executive management.

What your background should look like:

Qualifications

Education and Experience:

The candidate will have 5 + years of experience in the insurance industry/risk management and a bachelor's degree (B.A., B.S.) in business, finance or insurance, and risk management. Successful candidates will have strong knowledge of the actuarial review process, including interpreting actuarial reports, and understand the impact of reserving practices and claim management on actuarial and financial results. Experience using statistical/ financial models that can be applied to loss cost analysis and forecasting is required. An MBA or CPCU Designation is advantageous but not required.

Requirements include:

  • Strong oral and written communication skills
  • Strong interpersonal skills with the ability to develop both internal and external relationships
  • Able to think strategically and set and execute a long-term vision
  • Strong collaborative skills with the ability to work across functions
  • Capable of working independently and efficiently managing multiple priorities in a large multinational organization.

Competencies

Values: Integrity, Accountability, Inclusion, Innovation, Teamwork

COMPENSATION
• Competitive base salary commensurate with experience: $114,100 - $171,100 (subject to change dependent on physical location)
• Posted salary ranges are made in good faith. TE Connectivity reserves the right to adjust ranges depending on the experience/qualification of the selected candidate as well as internal and external equity.
• Total Compensation = Base Salary + Incentive(s) + Benefits
BENEFITS
• A comprehensive benefits package including health insurance, 401(k), disability, life insurance, employee stock purchase plan, paid time off and voluntary benefits.

EOE, Including Disability/Vets

Client-provided location(s): Berwyn, PA, USA
Job ID: TE-1226726400
Employment Type: Other