Senior Analyst, Risk Management

Sony Corporation of America, located in New York, NY, is the U.S. headquarters of Sony Group Corporation, based in Tokyo, Japan. Sony's principal U.S. businesses include Sony Electronics Inc., Sony Interactive Entertainment LLC, Sony Music Entertainment, Sony Music Publishing and Sony Pictures Entertainment Inc. With some 900 million Sony devices in hands and homes worldwide today, a vast array of Sony movies, television shows and music, and the PlayStation Network, Sony creates and delivers more entertainment experiences to more people than anyone else on earth. To learn more: www.sony.com/en.
 

POSITION SUMMARY 

The Senior Analyst, Risk Management position reports to the Senior Director, Risk Management, and is responsible for aiding in the administration of Sony’s insurance programs.  The position involves evaluating insurance related data to assist department personnel in the establishment of global insurance programs, claims administration, premium budgets and policy administration. 

The position interfaces mostly with financial and legal senior management internally and insurance brokers and insurance carriers externally to determine and evaluate each company’s risk exposure.  In addition, the position works with the Senior Director, Risk Management, to develop innovative solutions and strategies, as well as implement, manage, and monitor insurance and self-insurance programs. 

This position will be on a Hybrid schedule with 2 days per week in the NYC office. 

JOB RESPONSIBILITIES 

• Collaborate with the Risk Management team, Legal department, insurance brokers and insurance carriers to develop the appropriate program structure, strategy, and coverage terms that meet the needs of Sony’s operations and emerging risks. 

• Prepare market submissions, including the gathering, organizing, and analyzing of exposure data, and provide to insurance brokers to obtain renewal proposals. 

• Create and present, in conjunction with the Risk Management team, underwriter presentations to showcase Sony’s operations, strategic direction, emerging risks and answer questions from the insurance markets. 

• Assist in the preparation of the annual corporate insurance budget for each respective Sony Group companies. Present the budgets to Controllers and/or CFOs, advising them on the conditions that affect overall program costs.  Obtain approval for the annual insurance budget. 

• Coordinate analysis of exposures with actuaries, brokers, and underwriters for their coverage evaluation and placement options. 

• Review insurance program specifications and quotations for accuracy and completeness. Assist in the negotiations with the insurance broker and underwriters to obtain the most competitive structure, pricing, terms and conditions. 

• Present recommendations and obtain approval from the respective Sony Group Companies’ senior management, including Controllers and/or General Counsel, on the strategy, program structure, and results of negotiations with the insurance market. 

• Review contracts for various events, products, services, leases, associated business activities, IT (Information Technology), etc. and provide recommendations to assure reasonable insurance requirements are addressed. 

• Perform due diligence on various types of transactions (mergers, acquisitions, divestitures, joint ventures and/or other types). Develop strategy and provide recommendations on insurance integration and confirm coverage upon deal closing. 

• Monitor progress of insurance carriers’ claim administration.  Secure information from Sony business units to assist