Risk Analyst

About Sonida Senior Living

Sonida Senior Living is one of the nation's leading operators of independent living, assisted living and memory care communities for senior adults. The Company operates 71 communities that are home to nearly 7,800 residents across 18 states providing comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences and receive personalized care from dedicated team members who treat them family.

Job Description:

The Risk Analyst position will assist with corporate insurance related matters mainly supporting with day-to-day administrative activities and management of routine department processes. As directed, the Analyst/Sr. Analyst will perform a number of insurance and risk management activities that support Chief People Officer and Finance teams which include: insurance program renewals for all insurance lines, contract reviews for a wide variety of risks, management of the surety bonding program, certificates of insurance processing, and involvement in any project that requires corporate insurance assistance. Assisting the corporate group of analysts on projects as needed.

Responsibilities:

• Collect and organize data for insurance program renewal submissions and assist in the renewal process as directed. Tasks include renewal application underwriting data preparation, insurance meeting participation, development of presentations and reports to senior management.

• Assist in the overall management of Sonida's corporate insurance programs and any special programs in place for specific business lines.

• Assist with claims management activities such as monitoring status of claims and potential claims for exposure and incurred costs, and processing invoices related to claim payments.

• Manage insurance certificates for both PPL and from third parties doing business with PPL and its subsidiaries.

• Manage the invoice/payment process for all placements, fees and claim billings.

• Provide mergers and acquisitions (M&A) due diligence and integration support across all insurance programs.

• Provide assistance in data and risk analysis for projects as needed.

• Provide support to other risk management functions as needed.

• Work with Risk Manager (from the broker/consultant teams) and the communities they visit on risk management analyses coordinating with Clinical and Operations.

• Develop the yearly budgets for all lines of insurance and work with Finance to gain approval.

• Analyze key metrics and claims data and develop loss reserves for financial reporting.

• Assist the Finance team with projects needing in depth analysis.

Education and Experience:

• Bachelor's degree from an accredited college or university preferably in the field of Business, Finance, Mathematics/Statistics, Risk Management and/or Insurance.
• 2-4 years' experience in Insurance or Risk Management either in a corporate environment or at a commercial insurance brokerage firm or commercial insurer in any related field (underwriting, claims, broker placement or client advisory role).

Skill/knowledge requirements:

• Detail-oriented and strong organizational skills required to maintain and ensure accuracy of data and information of different activities.

• Analytical skills required and ability to manage multiple projects and tasks independently, change priorities when needed and be proactive.

• Excellent written and verbal communication skills with strong presentation skills.

• Strong interpersonal skills with an ability to effectively support and work well with people from different disciplines across the organization. Customer focus, collaborative and willingness to develop professional relationships with core brokers and vendors.

• Highly proficient working knowledge of Microsoft Office - Outlook, Word, Excel, PowerPoint and SharePoint.