Risk & Insurance Analyst

Location US-IL-Northbrook
Job ID
2022-28886
# of Openings
1
Job Category
Accounting/Finance

 

Finance.Analysis – Abacus – Analyze It

At UL, we know why we come to work.

Thousands of us around the world wake up every day with a common purpose to make the world a safer, more secure and sustainable place. Science is in our DNA; we are endlessly curious and passionate about seeking and speaking the truth. We take delight in knowing that our work makes a meaningful contribution to society, and we are proud that our culture is centered on integrity, collaboration, inclusion and excellence. UL stands at the forefront of technological advancement, and we are continually challenged to find new ways to foster innovation and positive change. Satisfying? Yes. Exciting? Absolutely!

What you’ll learn & achieve:

  • Supports UL’s Risk & Insurance Manager regarding all aspects of corporate insurance programs.
  • Prepares applications and exposure schedules for insurance policy renewals.  Obtains all supporting documentation, schedules and spreadsheets and verifies the accuracy of same. 
  • Assists with submission of renewal documents to the insurance brokers.
  • Assists in the collection, analysis and data input of exposure and policy data for all lines of insurance carried by the Company. 
  • Maintains and updates the schedule of insurance for all insurance policies carried by the Company. 
  • Responsible for verifying inventory of all insurance policies, reviewing policies for accuracy, and maintaining policies in document management system. 
  • Follows up with insurance brokers and carriers to obtain any outstanding policies. 
  • Routine insurance request processing including certificates, insurance premium audit letters, workers’ compensation filings with monopolistic states, policy inquiries and other related inquiries.
  • Interacts with internal colleagues and external vendors to identify and resolve outstanding issues.
  • Review and processes all insurance premium and other department invoices.
  • Review loss notification reports and distributes details to adjusters, insurance broker contacts, the accounting department and other interested parties.
  • Assists with resolution of auto, property, marine cargo, and general liability, claims by communicating with adjusters, tracking claim progress, and closing internal files upon claim resolution.
  • Assists with other risk management projects and activities as directed.

What makes you a great fit:

  • Bachelor’s degree in risk management, insurance, business, economics, accounting, real estate, finance or a related discipline is preferred.
  • At least one year of related experience or internship in an insurance brokerage, carrier or in-house risk management department is desired, but not required. 
  • Excellent written communication, interpersonal, organizational and telephone communication skills to respond promptly to internal and external inquiries with courtesy and professionalism.
  • Computer skills necessary to enter and manipulate words and data and use standard microcomputer-based software to communicate with others, prepare documentation, and/or analyze data.  Must be proficient in Microsoft Office applications, including excel, power point and word.
  • UL has COVID-19 protocols and policies in place to ensure the safety of our employees, customers and clients. Effective November 1, 2021, the company mandates that employees are vaccinated against COVID-19 as a condition of employment (except where prohibited by law), subject to reasonable accommodation as required by law.

What you’ll experience working at UL:

  • Mission For UL, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 125 years and is deeply engrained in everything we do.
  • People Ask any UL employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at UL. We’re able to deliver the best because we employ the best.
  • Interesting work Every day is different for us here as we eagerly anticipate the next innovation that our customers’ create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
  • Grow & achieve We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
  • Total Rewards In the US, we provide lots of great benefits for our employees are their families. All employees are eligible for bonus compensation in addition to their annual salary. Many US employees are eligible to enroll in health, wellness and retirement saving benefits on day one of employment. We focus on providing employees with options for healthcare savings such as Healthcare Reimbursement Accounts and Health Savings Accounts (that UL contributes to twice per year!). We also have Employee Assistance Programs to support your mental health & wellbeing. UL offers a competitive 401k matching structure of up to 5% of eligible pay. Additionally, we invest 4% into your retirement saving fund after your first year of continuous employment. UL supports workplace flexibility based on team & business needs focused on provide employees stability – employees and managers work together to build a plan. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.

Learn More:

Working at UL is an exciting journey that twists and turns daily. We thrive in the twists and revel in the turns. This is our every day. This is our normal. Curious?

To learn more about us and the work we do, visit UL.com .

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If you wish to request reasonable accommodation at any time, please email our Talent Acquisition team at Talent.Acquisition@ul.com.

UL is an Equal Opportunity Employer: Female/Minority/disability/Protected Veteran/Sexual Orientation/Gender Identity

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status. If you'd like more information about your EEO rights as an applicant under the law, please review the EEO is the Law and EEO is the Law Supplement.

Please review the following additional documents:

UL EEO Policy

Pay Transparency Statement

E-Verify Poster (English)

Right to Work Poster (English)