Risk Management Analyst

Lowe's Inc. - Mooresville, NC3.7

Full-time
PURPOSE OF ROLE:
The primary purpose of this role is to create reports and analytics to support the Risk Management organization and other internal business partners, for business needs, and provide insight and recommendations to leaders and Risk teams. This role develops dashboards, creates reports using multiple RMIS systems and external resources and analyzes data. This role will further be responsible for evaluating reports, interpreting trends and providing gainful insight on key program drivers to leaders within the Risk and Finance organization for business process improvement. In addition, they will take the lead in benchmarking and performing cost-benefit analysis of self-insurance, annually. They will also evaluate self-insurance to optimize the Total Cost of Risk associated with insurance premiums, loss costs and costs associated with ancillary program functions as well as regulatory changes impacting rating structures. Additionally, they will coordinate premium audits with insurance carriers and develop partnerships cross-functionally to maintain policies and procedures for all Risk Management functions. Will also lead projects as necessary to implement new processes or functions maintained within Risk Management.

RESPONSIBILITY STATEMENTS:
  • Developing dashboards, analyzing datasets to assess emerging trends and providing insights into the casualty program, identifying business opportunities for improvement
  • Assisting in development and measurement of targets and key performance indices to assess and ensure program objectives and initiatives are being met per service level agreements
  • Supports Risk Management and other related functions with data quality, dataset issues and query management
  • Provides quantitative and qualitative reporting for self-insurance which includes conducting variance analyses, evaluating exposure data for key drivers, performing premium calculations and loss analysis to optimize costs associated with assessments and to ensure governance with statutory requirements
  • Conducts cost benefit analysis and optimization by researching and assessment rates, creating variance analyses utilizing payroll and loss information to determine amounts required for each fund’s needs, compiling premium rates and surety bond requirements and collaborating with brokers to calculate the cost variance between insuring and self- insuring, and to assess business need
  • Coordinates premium audits which includes the evaluation of exposure data and premium calculations
  • Identifies high level, objective trends in the workers compensation claims program through audits of specific claims
  • Identifies high level, objective trends in the workers compensation claims program through exception reporting analysis
  • Collaborates with Risk Management, Human Resources and other pertinent business partners and regulatory agencies to govern policies and procedures associated with all Risk Management and Casualty functions.
  • Leads team with project management or assists with business process improvement by identifying gaps and working across business groups to develop solutions
  • Assists with responding to internal requests or inquiries related to the Risk or Casualty functions
  • Assists with invoice reconciliation related to service level agreements and casualty statements of work
REQUIRED EDUCATION/EXPERIENCE:
  • H.S. Diploma with 7+ years' experience in Finance or related field
  • Experience with data querying, analysis or finance
  • Lowe’s Finance or Accounting experience
  • Proficient in MS Office suite (primarily Excel and Access)
  • Ability to analyze data, develop inferences and provide insights
  • Ability to manage multiple tasks simultaneously
  • Demonstrated experience with project management and organizational skills
  • Experience working in Corporate Risk Management, or Insurance or Finance
PREFERRED EDUCATION/EXPERIENCE:
  • Bachelor's Degree focused in Business, Finance, Risk Management or Accounting with 0+ years' experience in Finance or related field
  • Experience with data querying, analysis or finance
  • Lowe’s Finance or Accounting experience
  • Associate's Degree focused in Business, Finance, Risk Management or Accounting with 5+ years' experience in • Finance or related field
  • Experience with data querying, analysis or finance
  • Lowe’s Finance or Accounting experience
ABOUT LOWE'S:
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 18 million customers a week in the United States, Canada and Mexico. With fiscal year 2018 sales of $71.3 billion, Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ approximately 300,000 associates. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports its hometown Charlotte region and all communities it serves through programs focused on safe, affordable housing and careers in the skilled trades. For more information, visit Lowes.com.