Job DescriptionSupports Risk Management Department objectives regarding corporate insurance, loss prevention, and
business continuity programs. Responsibilities include compiling underwriting information for coverage
placement, claims administration, and loss reduction analysis, as well as providing administrative and
coordination support to the Global Resilience Program. Domestic and international travel may be required.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The Risk and Insurance Administrator is responsible for day-to-day administration of the company's property
and casualty insurance programs and provides administrative and coordination support to the Business
Continuity program. Specific duties include the following:
Insurance Program Administration- Manage the day-to-day administration of the corporate Risk Management program, emphasizing operational proficiency, clear communication, and process improvement.
- Collaborate with corporate Risk Management staff, insurance brokers, and business units to obtain information required for insurance applications and program marketing.
- Review leases, agreements, and contracts to ensure insurance requirements are appropriate and consistent with the company's current insurance program.
- Coordinate issuance of certificates of insurance as required by customers and company activities.
- Circulate insurance documents for signature as needed.
- Work with State agencies, service providers, and business units to monitor self-insurance and All-Other States workers compensation programs.
- Assist with administration of the company's Captive Insurance Company, including obtaining underwriting data for new coverage placements, developing premium finance contracts and schedules, and responding to annual audits.
- Maintain a premium invoice schedule and communicate adjustments to appropriate stakeholders.
- Process insurance invoices from brokers and insurers.
- Review insurance policy declarations, endorsements, and invoices for accuracy.
- Work with insurance brokers and carriers to coordinate follow up on required support documentation.
- Maintain and analyze historical pricing models to support premium forecasting and optimization decisions.
- Maintain Risk Management department records and the offsite storage register.
- Coordinate Loss Prevention inspections with insurers and site personnel. Encourage completion of open loss recommendations at critical sites by prioritizing and communicating the risk to site personnel.
- Participate in business development, mergers, acquisitions, and divestiture projects.
- Assist in ensuring acquired risks are covered under appropriate insurance programs.
Claims Administration- Report and monitor property, cargo, and liability claims.
- Conduct periodic follow up with internal stakeholders, insurance representatives, and third parties to stay current on claim status and conclude claims in an efficient and timely manner.
- Support business units with insurance claim processing as needed.
- Maintain historical records of all losses, insured and uninsured, including recoveries and reserves set by insurance companies.
Global Resilience Program Support- Support maintenance of current versions of Business Continuity Plans, templates, and program records in designated repositories.
- Coordinate scheduling and logistics for BCP-related activities including plan reviews, tabletop exercises, and training sessions.
- Track and follow up on open action items and tasks assigned to BCP stakeholders across business units; escalate overdue items to the program lead.
- Support distribution of BCP communications, surveys, and program updates to stakeholders across the company.
- Maintain BCP stakeholder contact lists and organizational data to ensure program records are current.
- Support onboarding of new BCP stakeholders by distributing program materials and coordinating introductory meetings.
Other Duties Other duties may be assigned.
Supervisory ResponsibilitiesNone
Supervision Received: work independently with self-motivation, managing daily tasks, meeting deadlines and
problem solving with minimal supervision. Must take ownership of results, including self-checking work for
quality control
QualificationsREQUIRED
- Bachelor's degree in business administration, Health & Safety, Risk Management & Insurance, or equivalent
- 3+ years of Risk Management, Finance, Loss Prevention, or related insurance industry experience
- Associate in risk management (ARM), Certified Property Casualty Underwriter (CPCU), or licensed broker preferred
- Insurance terminology and policy structures
- Experience with international insurance placements
- Basic familiarity with Business Continuity concepts and terminology preferred; formal BC certification not required
- Ability to leverage AI-enabled applications to improve efficiency, decision-making, and workflow automation Computer, Software, Tools, and Equipment Skills
- Intermediate proficiency in MS Excel, MS Word, and MS PowerPoint
- Proficiency in data visualization and reporting tools such as Power BI or SharePoint
- Proficient with internet research and business email platforms
SKILLS
- Communicate clearly in both verbal and written forms
- Read, analyze, and interpret business documents, insurance policies, professional journals, technical procedures, and governmental regulations
- Calculate percentages and interpret charts, bar graphs, and other data visualizations Reasoning Ability
- Define problems, collect data, establish facts, and draw valid conclusions
- Apply project management skills in a cross-functional environment
- Exercise sound judgment when dealing with abstract and concrete variables
- Conduct business in an ethical manner
- Develop and maintain effective working relationships with internal personnel and external contacts
- Maintain strict confidentiality in all matters
- Works on moderately complex assignments requiring judgment in resolving issues and making recommendations
- Understands the implications of work and proposes solutions accordingly
- Recognizes when deviation from established policies may be in the best interest of the company and escalates appropriately
- Follows departmental and organizational policies and procedures
Salary Range: 119,900.00-159,800.00
Compensation & Benefits Details- An employee's pay position within the salary range may be based on several factors including but not limited to (1) relevant education; qualifications; certifications; and experience; (2) skills, ability, knowledge of the job; (3) performance, contribution and results; (4) geographic location; (5) shift; (6) internal and external equity; and (7) business and organizational needs.
- The salary range is what we believe to be the range of possible compensation for this role at the time of this posting. We may ultimately pay more or less than the posted range and this range is only applicable for jobs to be performed in California, Colorado, New York or remote jobs that can be performed in California, Colorado and New York. This range may be modified in the future.
- If your position is non-exempt, you are eligible for overtime pay pursuant to company policy and applicable laws. You may also be eligible for shift differential pay, depending on the shift to which you are assigned.
- You will be eligible to be considered for bonuses under either WD's Short Term Incentive Plan ("STI Plan") or the Sales Incentive Plan ("SIP") which provides incentive awards based on Company and individual performance, depending on your role and your performance. You may be eligible to participate in our annual Long-Term Incentive (LTI) program, which consists of restricted stock units (RSUs) or cash equivalents, pursuant to the terms of the LTI plan. Please note that not all roles are eligible to participate in the LTI program, and not all roles are eligible for equity under the LTI plan. RSU awards are also available to eligible new hires, subject to WD's Standard Terms and Conditions for Restricted Stock Unit Awards.
- We offer a comprehensive package of benefits including paid vacation time; paid sick leave; medical/dental/vision insurance; life, accident and disability insurance; tax-advantaged flexible spending and health savings accounts; employee assistance program; other voluntary benefit programs such as supplemental life and AD&D, legal plan, pet insurance, critical illness, accident and hospital indemnity; tuition reimbursement; transit; the Applause Program; employee stock purchase plan; and the WD Savings 401(k) Plan.
- Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.
