Risk Analyst – Corporate Risk & Insurance

At Elanco (NYSE: ELAN) – it all starts with animals!

As a global leader in animal health, we are dedicated to innovation and delivering products and services to prevent and treat disease in farm animals and pets. We’re driven by our vision of ‘Food and Companionship Enriching Life’ and our approach to sustainability – the Elanco Healthy Purpose™ – to advance the health of animals, people, the planet and our enterprise.

At Elanco, we pride ourselves on fostering a diverse and inclusive work environment. We believe that diversity is the driving force behind innovation, creativity, and overall business success. Here, you’ll be part of a company that values and champions new ways of thinking, work with dynamic individuals, and acquire new skills and experiences that will propel your career to new heights.

Making animals’ lives better makes life better – join our team today!

Your Role:

This position will support several Corporate Risk & Insurance (CRI) programs.  The role supports numerous internal business partners (finance & accounting, manufacturing, tax, legal, HR, privacy, sales force operations, among others).  It also influences and directs several external business partners in the placement, brokering, and management of the corporate insurance programs.  The role is responsible for setting direction and challenging our brokers, business partners and vendors to provide best in class service, risk management benchmarking, and appropriate recognition and marketing of Elanco’s business risks.

In addition, this role is responsible for planning forecasting and reporting the results of the broader Corporate Treasury team.  Lastly, the role is responsible for the accounting, monthly reconciliations, and forecasting/reporting in relation to Elanco’s captive insurance company (EIO).

This is a unique and challenging position encompassing leadership in finance, risk management, insurance, accounting, and other activities.  The role is recognized globally as Elanco’s expert in certain areas of risk management and insurance. 

Your Responsibilities:

1. Support corporate insurance programs using Key Performance Indicators (KPIs) to drive performance.  Activities will include benchmarking insurance programs qualitatively and quantitatively, identify opportunities to reduce cost and improve coverage, develop and maintain risk management policies and procedures, procuring insurance via use of third-party insurance brokers and consultants, communicating coverage to relevant parties, troubleshooting and resolving issues from internal business partners and external entities, managing and negotiating successful claims resolution, among others.  Insurance programs in which this individual will support include:

• Auto Liability
• Workers Compensation
• General Liability
• Product Liability
• Global Property
• Global Cargo
• Directors and Officers
• Fiduciary
• Employee Practices Liability
• Excess Liability
• Cyber Liability
• Environmental
• Business Travel Accident

2. Provide financial and insurance support to internal and external entities for program renewals, claims management and other risk identification/mitigation activities throughout the year.

3. Accounting Leadership

• Manage all accounting activities for CRI
• Provide accounting support for Treasury’s cash management activities

 4. Controllership

• Spearhead Treasury and EIO’s forecasting cycles and submissions
• Manage budget and report actuals to CRI Sr. Director and Treasurer
• Lead communication of program renewals and premium payment approvals for all affiliates

5. Innovation

• Identify inefficiencies/bottlenecks in CRI activities
• Work with internal/external partners to create solutions to inefficiencies (Excel models, new workflows, etc.)
• Automate essential tasks to ensure focus on increased maturity of Elanco’s RM department

What you need to succeed (minimum requirements):

• Education: Bachelor’s Degree (Finance, Accounting or Risk Management preferred)
• Required Experience: SAP skills relating to financial activities. Adaptability to handle a steep learning curve involving the various risk management techniques and related accounting and financial implications.
• Excellent oral and written communication skills, able to clearly communicate with peers and leadership. 
• Ability to handle multiple initiatives at the same time
• Strong problem-solving skills are essential
• Ability to establish credibility with external global brokerage and insurance industry an