Risk Analyst

Risk Management Analyst

The Risk Management Analyst will play an important role in managing and overseeing the contractual agreements between our agency and our clients, partners, and vendors. The ideal candidate will contribute to our mission of providing outstanding service and support. Must have prior work experience (5+ years or more) with risk management, insurance claims, insurance litigation, or contract review & analysis management.

Responsibilities

Review and Interpret Contracts

Analyze contracts to identify insurance requirements (e.g., general liability, professional liability, auto, property, workers' comp)

Assess contractual risk transfer, indemnity, hold harmless, and waiver clauses for risk exposure.

Identify and Communicate Insurance Needs

Ability to clearly comprehend what is being asked of our client and translate contractual insurance obligations into actionable coverage requirements for clients.

Recommend policy adjustments or endorsements to ensure compliance.

Collaborate with Insurance Brokers and Clients

Work directly with Agency insurance agents / brokers and clients to verify existing coverage meets contract terms.

Coordinate the issuance of certificates of insurance (COIs) and endorsements.

Track and Manage Compliance

Maintain a system for tracking insurance requirements across multiple contracts.

Ensure timely updates and renewals of coverage documentation.

Support Claims and Risk Management

Flag high-risk language and consult with management when needed.

Contribute to contract negotiation support by recommending revised insurance and indemnity language.

Leverage existing tools and workflows to better manage the contract review process for clients

Required Skills

Contractual Analysis and Interpretation

Ability to accurately interpret and identify indemnification, hold harmless, waiver of subrogation, limitation of liability and other insurance-related clauses

Knowledge of Commercial Insurance Policies

Familiarity with commercial insurance coverage types, limits, exclusions, and industry-specific standards (e.g., ISO forms)

Ability to evaluate whether contractual insurance requirements align with actual coverage provided

Preferred Designations

• CRM - Certified Risk Manager
• ARM - Associate in Risk Management

Risk Transfer Evaluation

Skilled in assessing the allocation of risk between parties

Skilled in identifying gaps where risk is retained vs. transferred

Attention to Detail

Precision in identifying inconsistencies, missing terms, or non-compliance in insurance certificates, endorsements, or contractual wording

Communication and Client Advising Skill

Ability to explain complex insurance obligations clearly to non-expert clients

Technology and Research

Proficient in contract management systems and online research to verify insurance standards

Organizational and Tracking Skills

Capability to manage multiple contracts and insurance compliance requirements efficiently

Ability to Travel to ME, NY or NJ offices as necessary. Otherwise a remote role, must reside in either : Maine, New York or New Jersey

Reach out to Jennifer Thompson directly to learn more about this opportunity.