Principal Insurance Risk Analyst

Collaboration drives Nordson's success as a market leader in Industrial Precision Solutions and Advanced Technology. Our employees thrive in an environment where we help each other reach our personal best and enable our company to continuously improve and grow, and our customers to succeed. You will find Nordson employees sharing our success by giving back in the communities around the world where we live and work.

Job Summary

We are looking for a highly motivated and ambitious risk management professional to join our team. This position works with the Senior Manager, Insurance Risk to identify, finance, and mitigate Nordson's global risks. This position will play a key role in the design and oversight of our insurance risk management programs and is a trusted partner to our external partners and internal business operations.

Essential Job Duties and Responsibilities

• Oversee the daily administration of the corporate insurance program.
• Lead the renewal of global insurance programs: collecting, reviewing, analyzing, and updating global exposure data, applications.
• Make recommendations to Senior Manager, Insurance Risk on risk management strategies that are in line with Nordson corporate philosophy.
• Manage loss control programs globally. Communicate and coordinate with property insurer, broker, internal facilities and EHS department as needed on recommendations.
• Advise Nordson business divisions on risk exposures and applicable insurance coverage. Understand needs/requirements and identify opportunities to provide solutions to specific risk issues.
• Manages all post-renewal subjectivities, updating of insurance summaries and payment of invoices.
• Build and maintain relationships with brokers, TPAs and other applicable vendors. Manage external brokers and vendors to tight timelines.
• Assist in the preparation and development of the annual budget for insurance costs. Work with FP&A and corporate accounting on allocations and loss reserves.
• Coordinate and complete annual insurance audits.
• Analyze loss runs and perform ongoing risk evaluation.
• Manage collateral obligations and agreements.
• Coordinate and manage all Certificates of Insurance and Auto ID Cards.
• Review insurance language in contracts, supply agreements, leases, etc. and make recommendations based on preferred contractual risk transfer language.
• Manage auto claims. Report and track progress of claims. Collaborate with internal and external partners to ensure efficient claims processing and resolution.
• Assist with other claims management and oversight as required at the direction of the Senior Manager, Insurance Risk.
• Manage issuance of all Certificates of Insurance and Auto ID Cards.
• Work to enhance the departments visibility and value we add to the company.
• Manage SharePoint site for department.
• Continuously identify areas of improvement for programs as well as cost-saving initiatives.
• Assist with insurance and risk management due diligence and integration for M&A.
• Stays abreast of insurance market trends. Continue to seek professional growth as well as increase your knowledge in relevant insurance products and services.
• Other duties as assigned.

Education and Experience

• Bachelor's degree in Business, Accounting, Risk Management or Finance, or related field.
• 6+ years or more experience in commercial insurance related services.
• Understanding of Commercial Insurance, global risks, and risk concepts.
• Relative knowledge and experience in areas of Finance/Accounting, Risk Management, or Safety and Health.

Qualifications

• Ability to meet deadlines.
• Able to prioritize competing priorities and multitask.
• Detail-oriented and highly organized with a focus on quality and consistency. Strength in documentation.
• Effectively plan, organize, direct, and control projects.
• Exceptional analytical and organizational skills.
• Ability to interact effectively with colleagues and vendors at all levels within an extremely fast-paced environment.
• Demonstrated experience in advising and communicating with non-insurance professionals to effectively educate and inform colleagues on the structure, coverage and value of risk programs.
• Strong problem-solving skills; ability to solve practical problems in situations where only limited standardization exists.
• Experience and skilled with Microsoft Programs, particularly Excel.
• Strong written and oral communication skills.

• Strong leadership skills.
• Strong computer skills.
• Continuous Improvement focus/ Ability to Identify Process Improvements.
• Self-motivated, professional demeanor takes initiative to drive valuable results.