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Insurance Risk Management Specialist

Company: MassMutual
Location: Springfield
Posted on: July 13, 2019

Job Description:

Insurance Risk Management Specialist Since 1851, MassMutual's commitment has always been to help people protect their families, support their communities, and help one another. This is why we want to inspire people to Live Mutual. We're people helping people.A career with us means you will work alongside exceptional people and be empowered to reach your professional and personal goals. Our employees are the foundation of what makes MassMutual a strong, stable and ethical business. We seek and value unique and varied perspectives and experiences because we believe we are stronger when all voices are heard. We invite you to bring your bright, innovative ideas to MassMutual as we continue to help millions of Americans rely on each other.Together, we're stronger.DescriptionSUMMARYReporting to the MassMutual Corporate Insurance Risk Manager, this individual will assist with aspects of corporate insurance risk with an emphasis on subsidiary and international insurance issues.RESPONSIBILITIESThe successful candidate must be able to provide diversified support and perform basic to highly complex tasks while exhibiting the highest level of judgment, confidentiality, accuracy, organization, attention to detail, and self-motivated multitasking. Assist with all aspects of commercial insurance acquisition, renewal, development and post-renewal processes including but not limited to the collection of renewal exposure data, review of underwriting data, specifications and quotations, participation in carrier discussions and final approval of premium allocation schedules, insurance quotes and invoices Develop and executes risk assessment/transfer strategies to minimize the company's exposure and total cost of risk Advises senior management on insurance needs and coverage alternatives Manage commercial insurance claims, including but not limited to the creation, review and distribution of notices and proofs of loss, the coordination of carrier payments, the accurate distribution of claim proceeds and recording of same. Contract review (third party vendor, RFP, etc.) including the ability to provide resolutions prior to document execution to insure that they conform to company standards. Works closely with legal and internal business units on contract/RFP reviews to ensure insurance provisions meet company standards/ can be met by company coverages Communication with internal and external clients' inquiries pertaining to coverage, claims issues Oversight of insurance certificate processes Some travel, administrative duties and other responsibilities as requiredQUALIFICATIONS Bachelor's degree or paralegal certification with 7+ years of experience Proficiency in Microsoft Office Suite Strong communications skills, written and verbal Ability to multi-task effectively in a fast paced environment Authorized to work in the United States without sponsorship now or in the futurePREFERRED QUALIFICATIONS Previous experience within the financial services or life insurance industry preferredRanked No. 93 in the annual FORTUNE 500 Ranking (FORTUNE Magazine, June 2018) and recognized as a World's Most Ethical Company by Ethisphere, MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It's more than our company structure - it's our way of life. We are a company of people protecting people. Our company exists because people are willing to share risk and resources, and rely on each other when it counts. At MassMutual, we Live Mutual.CORE VALUESFocus on the Customer: We understand our customers well and look for every opportunity to deliver an experience that is clear, easy, personal, human, empowering and trustworthy.Act with Integrity: We deliver on our promises by being open, honest and humble and by adhering to the letter and spirit of applicable laws, rules, regulations and company policies.Value People: We respect and learn from each other's diverse backgrounds, experiences and ideas. We engage and develop people to their greatest potential.Work Collaboratively: We work together to achieve results by actively listening, seeking, understanding and creating solutions as a unified team driving toward one company, one culture, one brand.Achieve Results: We focus on winning by exceeding expectations and getting better - everyone, every day.For more information, visit or find us on Facebook, Twitter, LinkedIn, YouTube, Google+, Instagram and Pinterest.MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

Keywords: MassMutual, Springfield , Insurance Risk Management Specialist, Executive , Springfield, Massachusetts

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