Job Information
American Electric Power Risk & Insurance Analyst in Columbus, Ohio
Job Posting End Date
03-04-2025
Please note the job posting will close on the day before the posting end date
Job Summary
Supports the procurement process of corporate insurance, including captive insurance operations.
Identifies hazard risks arising from the management and operations of AEP.
Claims and submissions to underwriters.
Performs financial review of captive operations.
Evaluates non-complex vendor contracts.
Job Description
ESSENTIAL JOB FUNCTIONS:
Assist in the identification, analysis and mitigation of hazard risks exposing assets and liabilities of AEP and its affiliates and participate in the development and execution of strategies for retaining, transferring or financing such risks.
Participate in the oversight of captive management and operations including any one or more of the following areas: claims; underwriting; financial reporting; investment reviews; financial position analysis; reinsurance; cash flow; case reserve reporting; banking relationships; financial and operational audits; actuarial studies and/or compliance with Sarbanes-Oxley Act requirements.
Conduct insurance policy reviews, cost analysis and premium allocations for insurance programs.
Collect underwriting data, claims data and information pertaining to the risks and operations of AEP.
Assist or participate in scheduling and coordinating loss control or risk control activities.
Review loss control reports and summarize data and recommendations for discussion with department head and business units.
Participate in claims being pursued against insurance programs including any one or more of the following areas: collecting appropriate information for adjusters; preparing proofs of loss and/or making recommendations for settlement value.
Review of non-complex contracts between AEP and vendors, contractors and any other counter-party regarding any provisions that may have an impact on our retention or transfer of risks pertaining to any liability or asset.
Assist and participate on complex contracts under the supervision of the department head or a Risk & Insurance Management Analyst Principal.
MINIMUM REQUIREMENTS:
Education: Bachelor's degree in business administration, finance, risk management, insurance, engineering or relevant field of study or Associate's degree in relevant field and two years of relevant work experience or high school diploma/GED and four years of relevant work experience.
Experience: In addition to any experience required above, 2 years of relevant risk work experience is required.
OTHER REQUIREMENTS:
CPCU or ARM preferred.
Travel: domestic and international (requires passport) to visit vendors, brokers and insurance markets, AEP plant and field visits (could be up to 10% time).
Strong written and verbal communication skills.
Compensation Data
Compensation Grade:
SP20-006
Compensation Range:
$72,380.00-90,474.50 USD
Hear about it first! Get job alerts by email. Log in to your Candidate Home Account today! If you don't have an account, you can create one.
It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all aspects of the employer‐employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex, age, national origin, ethnicity, ancestry, veteran or military status, disability, genetic information, sexual orientation, gender identity, or any other basis prohibited by applicable law. When required by law, we must record certain information to be made part of an Affirmative Action Plan. Applicants for employment may also be invited to participate in the Affirmative Action Program by self-identifying their Race or Ethnic Identity.
American Electric Power
-
- American Electric Power Jobs