Actuarial Analysis Workers' Compensation Insurance Program

 

  • Identify, collect and provide accurate loss data for all Business Units balance sheet losses for actuarial analysis of gross ultimate cost of loss. 
  • Provide guidance to individual Business Unit in region of total liabilities to be booked on balance sheet. 
  • Confirm data integrity and validate report accuracy
  • Calculate and apply loss development factors
  • Provide monthly reporting pack

 

Insurance Program Support

 

  • Manage and validate the collection of exposure information for insurance renewals and new placements by coordinating the collection of risk exposure data
  • Aligning annual budget guidance on insurance program projected & confirmed cost
  • Analyze and report the total cost of risk (insurance premiums, claims, broker fees, LOC cost, bonds etc.)
  • Manage the insurance invoice process for premium payments to the insurance market as well as other insurance program related invoice processing
  • Define and automate auto ID and certificate of insurance process and compliance Manage Self Insured and State Fund Workers' Compensation State reporting

 

Risk Management System

 

  • Leads the transformation of the IRM operating model to standard enterprise workflow systems across the Americas region
  • Focuses on maximizing value through optimization of the RMIS product to achieve business goals, and maximize return on investment
  • Coordinates system needs with Corp IT demand
  • Champions the product and explains the vision, product benefits and value potential
  • Analyzes business processes and creates user experience and process workflows
  • Drives the definition, requirements, and adoption of process reporting metrics
  • Oversees Workers' Compensation Claims reporting requirements, including scorecards, executive summaries, large loss reports, trend analysis and other insurance lines added to system
  • Assists in the responsibility for Risk financial reporting, including monthly allocations, variable chargebacks, actuarial data
  • Provides meaningful data analysis to give value added feedback to operational teams on reducing loss exposure

 

Department Budgeting

 

  • Manage the department invoice process and BU internal allocation process with proper GL coding and journal entries as necessary

Deploy regional business unit risk finance policies and procedures throughout the region in conjunction with corporate Treasury strategy & guidelines