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Position: Other
City and State: Woodland Hills, CA
Job Description: Universal Music Group is currently looking for a Risk Analyst for our Woodland Hills, CA location. The Risk Analyst role will entail responsibility for supporting UMG Risk Management in the negotiation and placement of insurance renewals as well as providing in depth quantitative and qualitative analysis on pricing / program structures and claims. Additionally the Risk Analyst will be responsible for handling and managing all aspects of various JV insurance programs for presentation to Risk Management. Excellent organization, analytical and communication skills required. Attention to details as well as a high comfort level with Excel and other financial spreadsheet and presentation programs is required. Responsibilities: • Preparation of underwriting data submissions and assistance in the marketing/renewal of global insurance programs • Act as the primary point of contact for business units on various insurance programs and the risks associated with those programs • Handling all aspects of stand alone insurance portfolios for new and existing JV entities as needed. This will include working closely with brokers in: o Creating a marketing strategy o Crafting submissions to market o Negotiating program pricing, terms and conditions o Conducting quotation analysis for presentation to UMG Risk Management and others as required o Obtaining authority from UMG management to bind insurance programs o Ongoing services including certificates of insurance, audits, policy review and endorsements, site inspections and claims reporting • Assistance with the preparation and presentation of claim reports, quotation analysis and audit results • Administration of loss billing, invoice payment, account analysis, reserve analysis and premium allocation for global programs • Administration of claims and maintenance through RMIS systems • Oversight of certificates of insurance in North America • Preparation of insurance budget projections for global programs • Participation in claim reviews Job Requirements: • Bachelor’s degree in Business. • 2+ years experience in the field of business or risk management/insurance. • Advanced knowledge of Excel, PowerPoint and Microsoft Word.
Salary Range: N/A
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