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Senior Associate, Insurance - Chicago Illinois
Company: RWE Gruppe Location: Chicago, Illinois
Posted On: 04/05/2025
RWE Clean Energy, LLCTo start as soon as possible, full time, permanentFunctional area: Finance / ControllingRemuneration: ExemptThe Senior Associate, Insurance is a collaborative, cross-functional position, and serves as the primary liaison between the Insurance/Risk Management team and all enterprise-wide business units and partners regarding claim activity. This role will be primarily responsible for leading our claims management efforts and risk mitigation initiatives, providing strategic guidance and leadership to our internal teams, and actively managing relationships with our critical third-party representatives (adjusters, broker, legal counsel, etc.). The Sr. Associate will also support the insurance placements, renewals, and other insurance and risk management activities. This role reports directly to the Senior Director of Insurance and Risk and will work closely with internal stakeholders, external insurance brokers and consultants, as well as, the global RWE AG Insurance team in Germany.Role Responsibilities: - Claims Management (Primary Responsibility)
- Oversee and manage the full claims lifecycle for various types of corporate insurance claims, including property damage, business interruption, general liability, automobile liability, and other corporate risks to ensure equitable claims resolution and optimize insurance recoveries.
- Establish claims processes to effectively achieve shared and clearly established objectives; ensure processes minimize inefficiencies and maximize technology to accelerate results in a fast-paced multi-line environment.
- Collaborate with internal business units to collect necessary documentation and provide technical claims expertise and leadership for claim investigations.
- Communicate effectively and lead third party engagements with insurance brokers, claims adjusters, and third-party vendors to facilitate the claims process and ensure claims are resolved efficiently.
- Negotiate settlements with insurers and adjusters to achieve favorable outcomes for the organization.
- Analyze and monitor claims trends, prepare reports on claims activity, and recommend improvements to risk mitigation strategies.
- Track key departmental metrics; create KPIs, analyze trends, and generate consistent and actionable management reports.Coverage Placement & Maintenance (Secondary Responsibility):
- Assist with insurance renewals and placements, including exposure data collection, underwriting meetings, and broker engagement.
- Assist in the placement of corporate insurance coverage, including property, business interruption, and other lines of coverage as necessary for construction projects.
- Support the timely issuance of documentation in support of the insurance programs, including insurance certificates and auto ID cards.
- Provide ongoing, initiative-taking risk management support as needed.Job Requirements and Experiences:
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