Analyst, Risk Management

Description

Southern Company is a leading producer of clean, safe, reliable and affordable energy, and we approach each day as a vital step in building the future of energy. At Southern Company we are always looking ahead, and our innovations in the industry—from new nuclear to deployment of electric transportation and renewables —help brighten the lives and businesses of millions of customers nationwide.

This position is responsible for supporting the Risk Management and Insurance function by managing, collecting and evaluating data needed for this department. This position will report to the Manager, Risk Management and will support the Manager, the Director of Risk Management, and other Risk Management colleagues as needed. This Risk Management Analyst role will focus on the casualty programs but will work with property insurance, the captive and special projects as needed. The role will provide supplemental support to our RMIS system administrator by managing data, creating reports and data visualizations and could also work with surety.

Overall, this role will provide risk and insurance management services to Southern Company and subsidiaries: promoting safe, efficient & economical operations; protecting corporate financial integrity & stability; and achieving the long-term lowest cost of risk. Job accountabilities will include risk identification & analysis; commercial property & liability insurance/ risk financing plan design, procurement & administration and advising Southern Company business units on appropriate risk treatment measures including risk assumption, transfer, loss prevention & mitigation or avoidance .

This job will be located in Atlanta, GA and has potential to be both in person and hybrid. Some travel (up to 20%) required.

JOB REQUIREMENTS: (Education, Experience, Knowledge, Skills )

• 3 years of corporate risk management, underwriting or brokerage experience preferred.

• Bachelor’s degree with a concentration in Risk Management & Insurance preferred

• Experience with Risk Management Information Systems (RiskMaster a plus) preferred

• CPCU, AIC, ARM, CIC, CRM or equivalent risk management professional designation preferred

• Excellent communication skills, written and verbal, with attention to detail and accuracy

• Proficient computer skills and in-depth knowledge of relevant software such as MS Office Suite

• Proficiency with Excel is required

• Demonstrates ability to work well with others in a collaborative and fast paced environment

• Good knowledge of Risk Management, casualty and property insurance placements and some general knowledge of claims management\facilitation

• Strong organizational and time management skills

• Demonstrates ability to manage and prioritize multiple tasks

• Experience in providing quality internal/external customer service

MAJOR JOB RESPONSIBILITIES:

For assigned insurance programs:

• Coordinate all aspects including compiling, verifying, comparing, summarizing and presenting required underwriter information to management for review and submittal

• Negotiate the appropriate coverage terms, limits and retentions; negotiating policy provisions; reviewing policy terms and conditions for accuracy & completeness ongoing administration of corporate insurance coverages.

• Develop and apply allocation methodologies, verify and ready invoices for processing for timely payments

• Coordinate & review certificates or proofs of insurance with third parties, monitor and verify financial condition of insurers

Other activities:

• Review and analyze contracts between the company and outside vendors and suppliers; evaluate risks and advise procurement/ supply chain personnel, attorneys and function management on contractual risk and insurance provisions and/ or other risk mitigation measures and assist in negotiations as requested to optimize the Company’s risk profile

• Identify and evaluate risks associated with ongoing operations or new/ emerging exposures and recommend appropriate risk treatment methods

• Special projects as assigned from time to time by the Manager, Risk Management or Director, Risk Management

• Reporting, handling and negotiating (with insurance company adjusters) certain insurance related claims which fall under your responsibility. At times, acting as liaison between client company claims handling personnel and insurers

• Backup support for our RMIS system and utilize system for data analysis and visualization support

• Assist and eventually take on the lead for the insurance premium and departmental budgets

• Utilizes and works with senior analyst, brokers, experts, and industry peers to develop an in-depth knowledge of risk transfer best practices

• Participation in industry and professional activities/organizations and continuing professional development

Disclaimer:

This information describes the general nature and level of work performed by employees in this job. The description is not designed to be a comprehensive inventory of duties, responsibilities and qualifications required in the job. Reasonable accommodations may be made to qualified disabled individuals for performance of essential duties and responsibilities

Southern Company (NYSE: SO) is America's premier energy company, with 46,000 megawatts of generating capacity and 1,500 billion cubic feet of combined natural gas consumption and throughput volume serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in four states, natural gas distribution companies in seven states, a competitive generation company serving wholesale customers across America and a nationally recognized provider of customized energy solutions, as well as fiber optics and wireless communications. Southern Company brands are known for excellent customer service, high reliability and affordable prices that are below the national average. Through an industry-leading commitment to innovation, Southern Company and its subsidiaries are inventing America's energy future by developing the full portfolio of energy resources, including carbon-free nuclear, natural gas, renewables and energy efficiency, and creating new products and services for the benefit of customers. Southern Company has been named by the U.S. Department of Defense and G.I. Jobs magazine as a top military employer, recognized among the Top 50 Companies for Diversity by Diversity Inc, listed by Black Enterprise magazine as one of the 40 Best Companies for Diversity and designated a Top Employer for Hispanics by Hispanic Network. The company has earned a National Award of Nuclear Science and History from the National Atomic Museum Foundation for its leadership and commitment to nuclear development and is continually ranked among the top energy companies in Fortune's annual World's Most Admired Electric and Gas Utility rankings. Visit our website at www.southerncompany.com.

Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law. #LI

Job Field: Finance

Job Type: Standard

Primary Location: Georgia-Metro Atlanta-Atlanta

Operating Company: Southern Company Services

Job Type: Standard

Travel (Up to...): Yes, 25 % of the Time

Work Location(s):

Southern Company Headquarters - 30 Ivan Allen Jr. Blvd. NW (30ATLANTA)

30 Ivan Allen Jr. Blvd. NW

Atlanta, 30308

Req ID: SCS2011664