Sr. Insurance Analyst (Risk Management)

The Senior Insurance Analyst is responsible for the coordination and management of various corporate insurance programs within the firm based on the firm’s risk tolerance, as well as compulsory, client and supplier requirements. The Analyst will work closely with various T. Rowe Price entities, insurance brokers and insurance carriers.  The Senior Analyst will identify and recommend coverage for new or evolving insurable risks for the firm and/or related to our investment products.

Responsibilities:

• Oversee insurance renewals or new placements based on the applications, evaluate  whether a  new insurance coverage or policy is needed or whether any changes should be made to existing coverages and/or limits based on strategic needs of the business and/or developments in the insurance market.  Assist with allocating the premiums among insureds and when appropriate presenting to various Boards and Management.

• Lead discussions to develop  others’ skills and knowledge  related to risk and insurance firmwide. Facilitates discussions with our insurance brokers and carriers regarding our insurance needs. Acts as a subject matter expert in insurance to help the business and management assess the residual risk after insurance and/or when insurance is not available.

• Responsible for working with the business and reviewing RFPs and contracts that contain insurance provisions to ensure that the requirements align with existing insurance programs; negotiate insurance requirements with vendors, landlords and clients; assess the impact to insurance coverage with changes in business processes/controls.

• Manages the insurance inventory and various insurance trackers (fund changes, tangible asset developments, facility projects, lease changes, metrics, renewal status, etc.). Ensures timely analysis to enable the review of this content for various internal and Fund Board reporting.

• Responsible for monitoring the progress and results of insurance renewals, including planning and holding the underwriting meetings when necessary.

• Refines and maintains insurance renewal policies, procedures, and application templates.

Qualifications:

Preferred:

• Advanced degree with a focus of risk management, insurance and/or finance

• Experience with insurance policies covering investment management firms, preferably global asset management

• Experience with private equity and/or private credit fund risk/insurance coverages, including joint ventures, real assets, etc.

• Proficient with Microsoft Suite products

• Strong oral and writing skills

• Strong analytical/problem solving skills, attention to detail

• Ability to interact effectively and work in partnership with a diverse group of internal and external contacts.

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND

• 8+ years of total relevant work experience

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

​The team supports a 3 day in the office/2 day remote work schedule.