Company:
Enterprise Holdings
Location: Saint Louis County
Closing Date: 20/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
Overview:
As we continue to build our team in support of our vision to be the world’s best and most trusted mobility company, the Risk Management team is excited to announce an opportunity for an Insurance & Actuarial Services Analyst!
ABOUT THE ROLE
The Insurance & Actuarial Services Analyst evaluates the company's worldwide insurance programs and conducts actuarial analysis, analytics, pricing, loss reporting and risk assessment of financial outcomes. This position applies their knowledge of mathematics, probability, analytics and statistical principles toward casualty, property and self-insurance program calculations.
Enterprise offers an excellent benefits package with market-competitive pay, comprehensive healthcare packages, 401k matching & profit sharing, schedule flexibility, paid time off, and organizational growth potential.
Compensation decisions will be made based on factors that include, but are not limited to experience, education, location and skill level
This position is located at our Corporate Headquarters in Clayton, MO with a hybrid schedule.
Company Overview
is a leading provider of mobility solutions, owning and operating the , and brands through its integrated global network of . Enterprise Mobility and its affiliates offer extensive car rental, carsharing, truck rental, fleet management, retail car sales, as well as travel management and other transportation services, to make travel easier and more convenient for customers.
Privately held by the Taylor family of St. Louis, Enterprise Mobility together with its affiliate Enterprise Fleet Management manages a diverse fleet of 2.3 million vehicles and accounted for nearly $35 billion in revenue through a network of more than 10,000 fully-staffed neighborhood and airport rental locations in more than 90 countries and territories.
Responsibilities:
Insurance Programs
Participate in formulation and negotiation of insurance placement and renewal strategies
Gather underwriting requirements from other departments to submit to insurers
Establish and maintain strong partnerships with broker partners throughout the insurance placement process
Manage the administration of self-insurance in all 50 states– submit loss, vehicle and financial information to individual state Departments of Insurance, investigate and respond to questions from the states, serve as first point of contact with state personnel, and maintain self-insurance certificates for group vehicles
Review insurance language in contracts and agreements for multiple business lines and make recommendations to ensure compliance with insurance programs and mitigate risk
Participate in company’s insurance administration, including
Surety bond program
Insurance certificates
Insurance policies and associated acceptance/rejection forms
Premium payment/true-up
Actuarial Analysis
Conduct actuarial analysis for the company’s insurance and self-insurance programs
Estimate company’s reserve fund and captive loss reserves
Work closely with accounting to reconcile reserve fund and captive reserves and paid losses
Review reserve fund and captive financials for reasonability
Consult with outside actuaries when necessary for best practices
Responsible for the accuracy of their own estimates
Conduct peer review of the actuarial analysis of team members
Communicate results to management
Analytics
Collect risk related loss and exposure data and validate its accuracy
Apply analytical skills and tools to identify correlations between risk trends and business practices and communicate them with the business, providing insights and recommendations
Perform ad-hoc analysis for all areas within Risk Management
Pricing
Develop pricing for the company’s self-insurance losses and losses within an insurance deductible
Use actuarial methods to project the loss cost associated with all property and casualty charges to Groups
Determine property and casualty charges to Groups
Consult with Groups on pricing changes from the prior year
Responsible for the accuracy of own projections
Loss Reporting
Develop accurate and timely loss reporting and analyze the reports to identify meaningful loss trends
Communicate report results and analysis conclusions with Risk Management Managers, Corporate Business Managers and other key business partners
Risk Assessment
Conduct risk assessment of the company’s loss exposures
Use actuarial methods to estimate losses within an insurance layer
Assist in the determination of the most cost-effective insurance retention/deductible level
Competencies:
Results-Oriented
Working With a Team
Planning and Organizing
Detail-Oriented
Analyzing
Communication
Flexibility
Ethics and Values
Equal Opportunity Employer/Disability/Veterans
Qualifications:
Minimum:
Bachelor’s Degree (Actuarial Science, Business, Statistics, Risk Management, or Mathematics)
Must be authorized to work in the United States and not require work authorization sponsorship by our company for this position now or in the future
One (1+) year of experience in analysis, customer service, or risk management
As we continue to build our team in support of our vision to be the world’s best and most trusted mobility company, the Risk Management team is excited to announce an opportunity for an Insurance & Actuarial Services Analyst!
ABOUT THE ROLE
The Insurance & Actuarial Services Analyst evaluates the company's worldwide insurance programs and conducts actuarial analysis, analytics, pricing, loss reporting and risk assessment of financial outcomes. This position applies their knowledge of mathematics, probability, analytics and statistical principles toward casualty, property and self-insurance program calculations.
Enterprise offers an excellent benefits package with market-competitive pay, comprehensive healthcare packages, 401k matching & profit sharing, schedule flexibility, paid time off, and organizational growth potential.
Compensation decisions will be made based on factors that include, but are not limited to experience, education, location and skill level
This position is located at our Corporate Headquarters in Clayton, MO with a hybrid schedule.
Company Overview
is a leading provider of mobility solutions, owning and operating the , and brands through its integrated global network of . Enterprise Mobility and its affiliates offer extensive car rental, carsharing, truck rental, fleet management, retail car sales, as well as travel management and other transportation services, to make travel easier and more convenient for customers.
Privately held by the Taylor family of St. Louis, Enterprise Mobility together with its affiliate Enterprise Fleet Management manages a diverse fleet of 2.3 million vehicles and accounted for nearly $35 billion in revenue through a network of more than 10,000 fully-staffed neighborhood and airport rental locations in more than 90 countries and territories.
Responsibilities:
Insurance Programs
Participate in formulation and negotiation of insurance placement and renewal strategies
Gather underwriting requirements from other departments to submit to insurers
Establish and maintain strong partnerships with broker partners throughout the insurance placement process
Manage the administration of self-insurance in all 50 states– submit loss, vehicle and financial information to individual state Departments of Insurance, investigate and respond to questions from the states, serve as first point of contact with state personnel, and maintain self-insurance certificates for group vehicles
Review insurance language in contracts and agreements for multiple business lines and make recommendations to ensure compliance with insurance programs and mitigate risk
Participate in company’s insurance administration, including
Surety bond program
Insurance certificates
Insurance policies and associated acceptance/rejection forms
Premium payment/true-up
Actuarial Analysis
Conduct actuarial analysis for the company’s insurance and self-insurance programs
Estimate company’s reserve fund and captive loss reserves
Work closely with accounting to reconcile reserve fund and captive reserves and paid losses
Review reserve fund and captive financials for reasonability
Consult with outside actuaries when necessary for best practices
Responsible for the accuracy of their own estimates
Conduct peer review of the actuarial analysis of team members
Communicate results to management
Analytics
Collect risk related loss and exposure data and validate its accuracy
Apply analytical skills and tools to identify correlations between risk trends and business practices and communicate them with the business, providing insights and recommendations
Perform ad-hoc analysis for all areas within Risk Management
Pricing
Develop pricing for the company’s self-insurance losses and losses within an insurance deductible
Use actuarial methods to project the loss cost associated with all property and casualty charges to Groups
Determine property and casualty charges to Groups
Consult with Groups on pricing changes from the prior year
Responsible for the accuracy of own projections
Loss Reporting
Develop accurate and timely loss reporting and analyze the reports to identify meaningful loss trends
Communicate report results and analysis conclusions with Risk Management Managers, Corporate Business Managers and other key business partners
Risk Assessment
Conduct risk assessment of the company’s loss exposures
Use actuarial methods to estimate losses within an insurance layer
Assist in the determination of the most cost-effective insurance retention/deductible level
Competencies:
Results-Oriented
Working With a Team
Planning and Organizing
Detail-Oriented
Analyzing
Communication
Flexibility
Ethics and Values
Equal Opportunity Employer/Disability/Veterans
Qualifications:
Minimum:
Bachelor’s Degree (Actuarial Science, Business, Statistics, Risk Management, or Mathematics)
Must be authorized to work in the United States and not require work authorization sponsorship by our company for this position now or in the future
One (1+) year of experience in analysis, customer service, or risk management
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