Job Description

POSITION PURPOSE

Support Home Depot’s Risk Management Department, with a special emphasis on supporting captive programs , by analyzing performance of captive coverage lines, monitoring loss data, and supporting regulatory/organizational needs of the captive.

As an integral part of the Risk Management team, the Risk Analyst will analyze retained risk exposure within the captive to ensure the risk profile of the captive aligns with the department philosophy and track and reconcile claims activity within the captive.

Additionally, the incumbent will support insurance renewals, including the collection and validation of exposure data, completion of renewal applications, and regulatory/audit documentation, as well as supporting semi-annual actuarial review process by validating accuracy of loss data and coordinating with involved parties.

The ideal candidates will be well-versed in developing presentation materials for leadership surrounding new projects, insurance coverage, and conveying complex data in a digestible manner by specified deadlines and be comfortable assisting with traditional risk finance organizational tasks supporting various Home Depot operations units.

MAJOR TASKS, RESPONSIBILITIES AND KEY ACCOUNTABILITIES

• Manage the Risk Management Information System (RIMS); act as liaison with the RIMS vendor. Oversee production of monthly field reports, as well as ad hoc reports; training of users in systems from various departments.
• Assist in the preparation of U.S. and international insurance renewal information and applications.
• Administration of workers’ compensation self-insurance and monopolistic state/province programs, including annual review of cost effectiveness and filings with state agencies.
• Coordinate/design preparation and distribution of monthly and quarterly statistical reports, as well as special reports for Division and Executive Management; prepare and distribute quarterly claims data reports for actuarial review; administer workers ‘compensation and general liability allocation program; design and run, upon request, analytical or informational reports for all functions of the Risk Management, Legal and Safety Departments.
• Oversight of Certificate of Insurance issuance, Memorandum of Insurance, vehicle insurance identification cards and surety bond process.
• Coordinate the integration of various claims data resources (e.g., tele-reporting service, third-party claims administrators, insurers, state/provincial workers’ compensation agencies, etc.) and exposure data (I.e., labor hours, transactions and sales) into the RMIS.
• Review insurance and indemnifications of contracts and provide feedback to the Legal Department and/or outside counsel.
• Ensure data integrity of the RMIS process through coordination with Data Quality Coordinator and vendor partners.

REQURIED QUALIFICATIONS

• Proficient in Excel and PowerPoint
• Strong analytical, problem solving and judgment skills
• Organization, planning and prioritization skills
• Ability to manage deadlines and work under pressure at times

PREFERRED QUALIFICATIONS

• Knowledge of risk management and insurance principals
• Knowledge of captive insurance companies
• Experience in managing data and building reports for insurance programs
• Experience with large data sets and consolidating multiple data sets findings in streamlined reporting
• Experience reviewing financial statements

NATURE AND SCOPE - Typically reports to Director or Manager of Risk Management with no direct responsibility for supervising others.

ENVIRONMENTAL JOB REQUIREMENTS - Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable. Typically requires overnight travel less than 10% of the time.

MINIMUM QUALIFICATIONS -

Must be eighteen years of age or older.

Must pass the Drug Test.

Must pass the Background Check.

Must pass pre-employment tests if applicable.

EDUCATION REQUIRED - The knowledge, skills and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field of study related to the job.

YEARS OF RELEVANT WORK EXPERIENCE – 1-5

PHYSICAL JOB REQUIREMENTS - Most time sitting in a comfortable position and there is frequent opportunity to move about. On rare occasions there may be a need to move or lift light articles.

• KNOWLEDGE, SKILLS, ABILITIES AND COMPETENCIES - Advanced interpersonal skills for dealing with sensitive or controversial situations. Effective oral and written communication, skills and problem solving. Ability to solve problems by considering courses of action within the framework of management's goals and standards. Flexibility and team orientation required.

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