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The Senior Analyst, Risk Management position reports to the Senior Director, Risk Management, andis responsible foraiding in the administration of Sony’s insurance programsThe position involves evaluating insurance related data todepartment personnel in the establishment of global insurance programs, claims administration, premiumand policy administration.
The position interfaces mostly with financial and legal senior management internally and insurance brokers and insurance carriers externally toIn addition, the position works withSenior Director, Risk Management, to develop innovative solutions and strategies,implement, manage, andinsurance and self-insurance programs.
JOB RESPONSIBILITIES
, Legal department, insurance brokers and insurance carriersto developtheappropriate programstructure, strategy, andcoverage termsthat meet the needs of Sony’s operations and emerging risks.
Prepare market submissions, including the gathering, organizing, and analyzing of exposure data, and provide to insurance brokers to obtain renewal proposals.
Create and present, in conjunction with the Risk Management team, underwriter presentations to showcase Sony’s operations, strategic direction, emerging risks and answer questions from the insurance markets.
Assist in the preparation of the annual corporate insurance budget for each respective Sony Group companies. Present the budgets to Controllers and/or CFOs,advisingthem on the conditions that affect overall program costs.Obtain approval for the annual insurance budget.
Coordinate analysis of exposures with actuaries, brokers, and underwriters for their coverage evaluation and placement options.
Review insurance program specifications and quotations for accuracy and completeness. Assistin the negotiations with the insurance broker and underwriters to obtain the most competitive structure, pricing,termsand conditions.
Present recommendations and obtain approval from the respective Sony Group Companies’ senior management, including Controllers and/or General Counsel, on the strategy, program structure, and results of negotiations with the insurance market.
Review contracts for various events, products, services, leases, associated business activities, IT (Information Technology), etc. and provide recommendations to assure reasonable insurance requirements are addressed.
Perform due diligence on various typesof transactions (mergers, acquisitions, divestitures, jointventuresand/or other types). Develop strategy and provide recommendations on insurance integration and confirm coverage upon deal closing.
Monitor progress of insurance carriers’ claimadministration.Secure information from Sony business units toassistin concluding claims with insurers as quickly as possible.
Responsible for coordinating, analyzing and compiling data relativeto insurance audits (i.e., workers’ compensation, general liability).
Review insurance carrier and insurance broker invoices and process for payment.
Assist in the development,implementationand maintenance of an effective premium allocation system for the Sony business units.
Maintain comprehensive and complete schedules of insurance.
Review all insurance carrier property/casualty loss controlrecommendations.Discuss withappropriate departmentpersonnel any items that need department intervention.
Review insurance policies for completeness and accuracy.Follow-up when needed to obtain policies and endorsements.
Assist in the development and distribution of various Management Information Reports to all participating companies to inform and educate as to their individual and group resultsregardingclaims, premiumallocationand general insurance program information.
Maintain a strong relationship and open communication with each Sony Group company to ensure that they are aware of risk management policies and procedures.
Visit facilities to review operations, advisemanagement of applicable insurance programs and/or review insurance company safety/loss prevention recommendations.
Honesty, trustworthinessand ethical conduct are material requirements for the responsibilities outlined above
Your qualifications and experience should include:
seven(7) years related risk management and/or insurance/brokerage experience and/or training.
Bachelor’s Degree from a four-year college or university.
ARM, CPCU and/or Property & Casualty Broker License preferred.
Strong analytical, interpersonal and communication skills.
Ability to organize, prioritize and follow through on multiple tasks or projects simultaneously.
Solid understanding of insurance and risk management principles.
Working knowledge of various computer software (Word, Exceland Power Point) with ability to create reports.
Team oriented.
Minimal travel.
Must be authorized towork in the US.
generally regular
What we offer you:
Comprehensive medical, prescription drug, dental, and vision coveragewith coverage for spouses/domestic partners and child dependents, including access to a Health Savings Account (HSA) and Flexible Spending Account (FSA)
Employee assistanceplanand comprehensive behavioral health benefits
Fertility benefits, including, surrogacy, and adoptionassistanceprograms
Basic and supplemental life insurance for employees as well as supplemental life insurance coverage for their spouses/domestic partners and children
Voluntary benefits such as group legal, identity theft protection, accident, and hospital indemnity insurance
Short-term & long-term disability plans
Up to 12 weeksof paid parental and caregiver leave
401(k) Plan with pre-tax, Roth, and after-tax options andcompany matchwithv immediatevesting
Education assistanceand student loan programs
Other Programs:
Flexible Work Arrangements, including remote and hybrid work schedules
Time off to include vacation, paid holidays, sick leave, Summer Fridays (early release), and a winter break between Christmas and New Year’s Day (based on business needs)
Referral bonuses (subject to eligibility)
Matching gift program
A wide variety of employee business resource groups (EBRGs)
Special discounts on Sony products, offered exclusively to Sony employees
Employee stock purchase plan (Sony covers commissions and fees for your Sony stock purchases made through after-tax payroll deductions)
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