Corporate Insurance Analyst

Location:

Job Summary

The Corporate Insurance Analyst is responsible for managing financial transactions for KeyCorp's insurance policies and manages and facilitates the claims process.

Responsibilities

Manage and facilitate the claims process, particularly in regard to General Liability, Auto, and Property claims

Make prompt and concise coverage determinations relating to incidents, claims and litigation.

Document intake of incident reports and claims and manage flow of additional information

In conjunction with Claims Manager, oversee and direct management and resolution of complex losses, including engagement with internal and outside counsel.

Interact with third party claim administrators, including establishing standards and monitoring results.

Monitor and record investigation, legal and settlement expenses and timely reserves within risk management information system/claims software system.

Participate in negotiations, mediations, and arbitrations with claimants and insurers.

Engage in the subrogation process to pursue recovery from responsible third parties as warranted.

In conjunction with other department personnel, organize and analyze loss data for underwriting purposes; compile data for actuarial analysis, internal or regulatory reporting, and other uses.

Engage with Facilities, Legal, and Risk to identify emerging risks for underwriting purposes; provide feedback loop to department management to bridge the gap between underwriting and claims, identifying trends with insured claims and risks not typically considered insurable

Manage workflow associated with insurance site inspections and boiler inspections, and related recordkeeping.

Perform other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice

Comply with all KeyBank policies and procedures, including without limitation, acting professionally at all times, conducting business ethically, avoiding conflicts of interest, and acting in the best interests of Key's clients and Key.

Education Qualifications

Bachelor's Degree in risk management or a business-related field (preferred)

Professional designation such as Associate in Risk Management (preferred)

Tactical Skills

Ability to communicate and work with senior business executives

Excellent communications skills, both verbal and written

Analytical skills and attention to detail, particularly in regard to financial transactions

Personal Skills

Critical Thinking: The ability to identify, obtain, and organize relevant data and ideas and prioritize concerns in the decision-making process

Problem Solving: Demonstrates the ability to examine a specific problem and understand the perspective of stakeholders; uses fact-finding techniques to identify and document specific problems

Collaboration: Demonstrates experience in participating in productive collaborative processes that help solve business problems and meet business goals
Practical Skills
Business Acumen: Participates in business tasks to get things done in own business unit and communicates key considerations for business decision-making processes

Analytical Thinking: Uses logic and intuition to make inferences about the meaning of data and arrives at relevant conclusions; makes a systematic comparison of two or more alternative solutions

Risk Management: Implements or manages risk management for own business unit and documents key steps of the risk management process and associated procedures

Core Competencies

All KeyBank employees are expected to demonstrate Key's Values and sustain proficiency in identified Leadership Competencies.

Physical Demands

General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.

KeyCorp is an Equal Opportunity and Affirmative Action Employer committed to building a diverse, equitable and inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other protected category.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.