Risk & Insurance Analyst

Essential Job Functions

• Works with Risk Manager to maintain the company’s risk management framework, policies, and procedures.
• Drives sales activity of Crane’s Shippers Interest program via educational tools for sales, streamlining workflows and rate optimization with insurers.
• Track/trend Shippers Interest activity to drive increased product revenue and to increase penetration rate
• Process COI requests from clients, vendors, etc.
• Requests and manages COI’s in support of Crane’s Vendor Management process, ensuring valid and proper evidence of insurance that meets contractual obligations of our vendors
• Identify, assess, and allocate risks across business units.
• Perform quantitative and qualitative risk analysis using statistical models and industry benchmarks.
• Collect, validate, and interpret large datasets to quantify risk exposures in collaboration with brokers and insurance carriers.
• Prepare detailed risk reports and dashboards for senior management and program compliance.
• Maintain models such as Origami to support claims, location and financial information.
• Translate data findings into actionable insights for business stakeholders.
• Request and maintain evidence of insurance for all primary and contingent programs.
• Verify risk program aligns with internal policy, industry standards, and material agreement requirements.
• Collaborate with Risk leadership to develop risk transfer, Total Cost of Risk tracking reports and other strategic projects.
• Investigate alternative risk transfer strategies and assist in developing related risk policies and procedures.
• Work closely with Risk leadership, brokers and underwriters on the development of new and renewal insurance market submissions.
• Other duties as assigned 

Other Skills & Abilities

• Loss analysis and trend evaluation (frequency, severity, root cause)
• Risk transfer vs. risk retention analysis
• Coverage gap analysis and benchmarking
• Data analysis and interpretation (loss runs, exposure schedules, KPIs)
• Understanding of contractual risk transfer and indemnity provisions
• Strong attention to detail and documentation accuracy
• Expert/Strong proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)
• Strong interpersonal and communication skills (verbal, written and comprehension)
• Highly motivated and energetic with a proven ability to work in a fast-paced and continually changing environment
• Ability to operate independently and within a team environment
• Ability to work with technical and non-technical staff at all levels
• Excellent time management and organizational skills
• Demonstrates initiative and adaptability

Physical Requirements

• Talking, hearing and using hands to operate a computer keyboard, mouse and other computer components
•  Vision abilities required by this job include close vision and the ability to adjust focus
• Job may require extended sitting or standing, use of standard office equipment 
• Job will require punctual attendance and regular presence on-site at the assigned work location

Education & Experience

• Bachelor’s degree in Risk Management, Finance, Economics, Actuarial Science, Statistics, or related field is preferred.
• 2+ years of experience in shippers interest programs, insurance risk analysis, underwriting support, actuarial work, or a similar analytical role.
• 2+ years of experience in transportation and/or supply chain industry is preferred
• Strong quantitative skills and proficiency in analytical tools (e.g., Excel, Power BI/Tableau and Origami).
• Knowledge of insurance products, underwriting principles, and regulatory frameworks.
• Experience with RMIS systems (ex. Origami, Riskonnect, Aclaimant, etc.)

CERTIFICATIONS AND LICENSES

• Professional certification may be required in some areas.

WHY SHOULD YOU WORK FOR CRANE?

At Crane, we believe in providing our employees with excellent benefits at a Great Place to Work.

We offer:

• Quarterly Incentive Plan
• 136 hours of Paid Time Off which equals 17 days for the year, that can be used for Sick Time or for Personal Use
• Excellent Medical, Dental and Vision benefits
• Tuition Reimbursement for education related to your job
• Employee Referral Bonuses
• Employee Recognition and Rewards Program
• Paid Volunteer Time to support a cause that is close to your heart and contributes to our communities
• Employee Discounts
• Wellness Incentives that can go up to $100 per