Please note, employment offered to residents in the following states only: Connecticut, Delaware, Massachusetts, Maryland, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont.

At Preferred, we understand the importance of holistic health. To meet the diverse needs of our employees, we offer a comprehensive set of benefits:

Financial

• Short-term disability, long-term disability, and life insurance coverage are provided at no cost
• Optional benefits include enhanced life insurance and critical illness plans
• 401k plan with an employer contribution that you will receive regardless of your own contribution to the plan
• Pension Plan
• Certain positions may also be eligible for short-term incentive plans.

Social

• Generous paid time off, offering of 25 days at hire (prorated based on start date for the first year)
• 7 days of paid sick leave
• 10 paid company holidays
• Personalized paid time off after 3 years!

Emotional

• Access to Modern Health, a provider of accessible, personalized mental health care

Physical

• Medical, dental, and vision coverage options begin on the first day of employment
• Health Savings Accounts (with employer contribution) are available based on the medical plan you choose

YOUR PURPOSE AND FUNCTION IN OUR COMPANY:

The Risk and Reinsurance Analyst will play a key role in taking the company’s Enterprise Risk Management program to the next level. The Risk and Reinsurance Analyst will support the Risk Management function by preparing enterprise risk assessments, engaging with management to monitor status and effectiveness of risk mitigation strategies, and maintaining, refining, and improving Business Continuity plans for the company. The role will be responsible for Vendor Risk Management, Contract Management, and play a key role in assessing and documenting key controls and processes within the company.

Key responsibilities include:

• Assist with the reporting and assessment of various risks throughout the organization. Includes collecting, preparing and analyzing complex data.
• Apply COSO risk management and controls, principles, theories, concepts and techniques, as applicable.
• Maintain vendor management documentation for enterprise, including evaluating new vendors/agents and setting them up in the vendor management database, including a review of SOC reports, financial reports, and any contractual/liability concerns.
• Monitor, measure, and track risk tolerances to ensure that exposures do not exceed acceptable levels.
• Collect data from various internal and external data sources, prepare timely, accurate & effective risk analyses, report and interpret data where appropriate, to guide management in decision-making process.
• Develop reports that are timely, accurate, concise, useful, and continually evolving to meet the needs of the business, trends in the industry
• Summarize/ discuss the findings with all levels of management and make recommendations for action.
• Perform analysis on capital adequacy modeling to assess the enterprise view on capital strength and communicate findings and recommendations to senior leadership.
• Collaborate with other functions to develop and implement controls to mitigate risks. Partner with management and individual contributors to ensure each area has an appropriate understanding of risk and potential exposure in his/her functional area.
• Prepare updated Risk Management documents, reports and presentations, and models.
• Ensure the development or maintenance of a viable business continuity plans, including call tree, function tree, vendor notifications, and other areas, as required
• Appropriately design risk tracking and prioritization mechanisms to ensure defined risk appetite and tolerances thresholds are adhered to.
• Other responsibilities as assigned

KEY CAPABILITIES FOR SUCCESS:

• Business, financial and technology acumen
• Experience with data mining and data analysis
• Ability to meet deadlines during peak productivity periods
• Ability to learn quickly
• Ability to effectively interact with business partners
• Excellent organizational skills
• Excellent collaboration skills
• Excellent written and oral communication and time management skills
• Proficiency with MS Excel, and PowerPoint
• PowerBI or Tableau experience preferred

QUALIFICATIONS:

• Bachelors degree in accounting, statistics, analytics, or risk related field
• 2+ years of experience in financial reporting/planning, risk management, internal audit or similar role.
• P&C Insurance and/ or Big 4 Accounting Firm experience preferred
• At least one professional designation in the insurance or risk management field (IE. CPCU, ARe, ARM, etc.), or progress toward a designation preferred.

ABOUT US: As a mutual company, we are independent by nature, so we think about insurance solutions a little differently. Through listening, problem solving, examining your challenges and collaborating on the right solutions for you, Preferred Mutual independent agents provide flexible solutions and adapt to your evolving needs. We do the same for our employees. We are process and domain experts, focused on the solutions that deliver results for our clients and our company. We offer a great work environment, professional development, challenging careers, and competitive compensation. With Preferred, there are no surprises. You can count on us to deliver on our promises and be there when you need us, as your insurance provider and your employer. Preferred Mutual is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

DISCLAIMER: This role (job) description indicates in general terms, the type and level of work performed as well as the typical responsibilities of employees in this classification. The duties described are not to be interpreted as being all-inclusive to any specific employee. Management reserves the rights to add, modify, change or rescind the work assignments of different positions and to make reasonable accommodations so that qualified employees can perform the essential functions of the job. Nothing in this position description changes the at-will employment relationship existing between Preferred Mutual Insurance Company and its employees.

The salary range for the role is $60,500 to $85,000 per year paid on a salaried basis. The rate offered to any candidate will be reflective of the candidate’s experience and any relevant education, certification, or qualifications related to their ability to perform the responsibilities of this position as permitted by law.