Analyst, Insurance Risk

Insurance Risk Analyst

Cencora is seeking an organized and technology-savvy Insurance Risk Analyst to join our Insurance Risk Management team. This role provides technical and analytical support on the procurement and management of Cencora's insurance programs. Under the direction of the Manager, Insurance Risk Management (Insurance Manager), the Insurance Risk Analyst is responsible for maintaining and analyzing various aspects of the company's insurance programs while collaborating with internal and external stakeholders. This role supports the day-to-day operations of the department, including file organization, data collection for insurance renewals, and leveraging technology to streamline risk management processes. The position requires a highly organized and detail-oriented individual with strong prioritization skills and the ability to collaborate effectively across departments and a passion for making a meaningful impact. This position has no direct reports.

Responsibilities

• Collaborate with the Insurance Manager to develop and prepare underwriting renewal exhibits, applications and assist with renewals as requested.
• Review all renewal quotes, binders, policies and endorsements for accuracy and completeness, organizing them in the Risk Management shared directories.
• Review, process payment for and track all insurance premiums and insurance-related invoices and expenses, ensuring accurate accounting and reporting.
• Gather, analyze and maintain insurance exposures for premium audits and ongoing reporting as needed.
• Oversee and maintain Cencora's Master schedule of insurance.
• Become a subject matter expert as respects the Risk Management Information System, Riskonnect, including primary responsibility for the insurance policy management function.
• Create loss experience reports using the Risk Management Information System on a scheduled and ad hoc basis.
• Support the Insurance Manager in the lease and contract review process, including preliminary document review and handling insurance provisions, routine edits and exceptions.
• Participate in negotiations with client / supplier legal or risk teams on contract language as needed.
• Assist the International Insurance Manager to ensure all international entities are appropriately represented on international insurance policies.
• Coordinate the Enhanced Liability program, including calculating pricing, tracking acceptance and invoicing business units.
• Track FM property recommendations using their online reporting system.
• Provide backup support to the Insurance Coordinator with supplier setup and management, as well as the certificate of insurance processes.
• Assist in overseeing Corporate-Owned Life Insurance (COLI).
• Comply with all applicable Cencora policies and procedures.
• Support the Risk Management department with ad-hoc projects, including special reports, audits and additional insurance-related tasks.
• Other duties as assigned

Education and Work Experience

Skills and Knowledge

What Cencora Offers

We provide compensation, benefits, and resources that enable a highly inclusive culture and support our team members' ability to live with purpose every day. In addition to traditional offerings like medical, dental, and vision care, we also provide a comprehensive suite of benefits that focus on the physical, emotional, financial, and social aspects of wellness. This encompasses support for working families, which may include backup dependent care, adoption assistance, infertility coverage, family building support, behavioral health solutions, paid parental leave, and paid caregiver leave. To encourage your personal growth, we also offer a variety of training programs, professional development resources, and opportunities to participate in mentorship programs, employee resource groups, volunteer activities, and much more.

Equal Employment Opportunity

Cencora is committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, genetic information, national origin, age, disability, veteran status or membership in any other class protected by federal, state or local law. The company's continued success depends on the full and effective utilization of qualified individuals. Therefore, harassment is prohibited and all matters related to recruiting, training, compensation, benefits, promotions and transfers comply with equal opportunity principles and are non-discriminatory. Cencora is committed to providing reasonable accommodations to individuals with disabilities during the employment process which are consistent with legal requirements.