Sr Analyst- Insurance/ Risk Management

This position will support the strategic development, implementation, and effective administration of all corporate global insurance/risk management programs.  Responsibilities include supporting insurance renewals, multi-line claims management and working closely with the business and Director of Risk Management on insurance related initiatives, e.g., identifying, measuring and managing risks, developing reports and plans, analyzing risk/insurance challenges/successes to optimize future operations.

Support facilitation of:

• Insurance claims management and related activities, e.g., initial reporting, claim development, claim settlements, etc.
• Procurement of insurance (renewals and new placements) and related in-house services, e.g., preparation of underwriting information and placement/renewal applications, certificates of insurance.
• Procurement of surety bonds (renewals and new issuances) and related in-house services, e.g., preparation of bond forms, securing surety bond releases.
• Service provider/vendor relationships and related services, e.g., fulfillment of agreed services, report generation.
  • Insurance brokers, insurance claim administrators, actuaries, insurance companies/underwriters, insurance consultants, as well as act as liaison with in­ house legal counsel.
• Assess and recommend reserves for claims exposures and communicates with underwriters and internal accounting personnel the nature of the reserves while producing monthly loss histories detailing net exposures to Company and underwriters.
• Supports the development of proactive risk management techniques, such as operation audits for the purpose of identifying and minimizing potential for losses.
• Supports the development of overall corporate risk management strategies, using loss data and industry trends to determine optimal retention levels.
• Supports the implementation of policies, procedures, and programs for reducing claims costs and frequency, e.g., attend claim reviews, generation of loss runs, recurring incident report reviews.

• Perform other duties and special projects as requested by senior management.

  #LI-JA1

Minimum Qualifications:

• Bachelor’s degree in risk management or other business-related field
• 5+ years of progressive experience in claims management (litigated and non-litigated).
• Experience in the resolution of physical damage claims including addressing disputed insurance coverage issues and third-party recoveries.
• Strong analytical and quantitative skills.
• Knowledge of risk management principles and practices of the Energy-Oil & Gas industry. 
• Knowledge of current office practices and procedures related to risk management including:
  • MS Office 365 (i.e. Excel, Word, PowerPoint).
  • Risk management information systems
  • General risk management policies, procedures and standards.
  • Ability to interpret financial statements and reports.
  • Ability to organize, analyze and interpret data to solve issues. 
  • Ability to deal tactfully, effectively and equitably with people.

Preferred Qualifications:

• Adjuster License - All Lines (Property, Casualty & Surety and Workers' Compensation, Employer's Liability & USL&H.) 
• Associate in Claims (AIC) 
• Associate in Risk Management (ARM) 
• Working experience in the onshore/offshore oil and gas drilling industry or with an energy-related service company 
• 3+ years of progressive experience in claims management (litigated and non-litigated) for an organization with international operations. 
• Experience with placement of insurance in both domestic and international insurance markets 
• Experience in the preparation of insurance renewal submissions and underwriter audits.
• Experience in a multi-entity, multi-national corporate environment. 
• Experience with audits of data or organizational effectiveness, e.g., payroll audits, SOX Controls audits.

Behavioral Competencies:

• Strong analytical skills.
• Ability to handle multiple projects simultaneously and meet strict deadlines.
• Strong problem solving and negotiation skills.
• Strong written and verbal communication skills.
• Strong team player and ability to work well within a team.
• Willingness to receive and provide constructive feedback.
• High tolerance for fast-paced environments.
• Strong communication and organizational skills.

• Motivated, energetic, self-starter

  
  

Work Authorization Requirement: Candidates must be currently authorized to work in the United States on a full-time basis. Nabors does not provide work visa sponsorship for this position, now or in the future.