Principal Insurance Risk Analyst

Job Title

Collaboration drives Nordson's success as a market leader in Industrial Precision Solutions and Advanced Technology. Our employees thrive in an environment where we help each other reach our personal best and enable our company to continuously improve and grow, and our customers to succeed. You will find Nordson employees sharing our success by giving back in the communities around the world where we live and work.

Job Summary

We are looking for a highly motivated and ambitious risk management professional to join our team. This position works with the Senior Manager, Insurance Risk to identify, finance, and mitigate Nordson's global risks. This position will play a key role in the design and oversight of our insurance risk management programs and is a trusted partner to our external partners and internal business operations.

Essential Job Duties and Responsibilities

• Oversee the daily administration of the corporate insurance program.
• Lead the renewal of global insurance programs : collecting, reviewing, analyzing, and updating global exposure data, applications.
• Make recommendations to Senior Manager, Insurance Risk on risk management strategies that are in line with Nordson corporate philosophy.
• Manage loss control programs globally. Communicate and coordinate with property insurer, broker, internal facilities and EHS department as needed on recommendations.
• Advise Nordson business divisions on risk exposures and applicable insurance coverage. Understand needs / requirements and identify opportunities to provide solutions to specific risk issues.
• Manages all post-renewal subjectivities, updating of insurance summaries and payment of invoices.
• Build and maintain relationships with brokers, TPAs and other applicable vendors. Manage external brokers and vendors to tight timelines.
• Assist in the preparation and development of the annual budget for insurance costs. Work with FP&A and corporate accounting on allocations and loss reserves.
• Coordinate and complete annual insurance audits.
• Analyze loss runs and perform ongoing risk evaluation.
• Manage collateral obligations and agreements.
• Coordinate and manage all Certificates of Insurance and Auto ID Cards.
• Review insurance language in contracts, supply agreements, leases, etc. and make recommendations based on preferred contractual risk transfer language.
• Assist with claims management and oversight as required at the direction of the Senior Manager, Insurance Risk.
• Work to enhance the departments visibility and value we add to the company.
• Continuously identify areas of improvement for programs as well as cost-saving initiatives.
• Assist with insurance and risk management due diligence and integration for M&A.
• Stays abreast of insurance market trends. Continue to seek professional growth as well as increase your knowledge in relevant insurance products and services.
• Other duties as assigned.

Education and Experience

Qualifications

Travel : Minimal (10%)

Nordson Corporation provides equal employment opportunity to all applicants and employees. No person is to be discriminated against in any aspect of the employment relationship due to race, religion, color, sex, age, national origin, ancestry, disability, sexual orientation, gender identity, genetic information, citizenship status, marital status, pregnancy, veteran status, or any other status protected by applicable federal, state, or local law. All employment offers are contingent upon successful completion of our pre-employment drug screening and background / criminal check, consistent with applicable laws.