What are the responsibilities and job description for the Insurance Risk Analyst position at Cognizant Technology Solutions?
About Cognizant Corporate
Cognizant Corporate is a global community united by a shared purpose: to make a meaningful impact. We are committed to excellence and driven by outcomes that matter. Collaboration is at the heart of how we work, and our forward-thinking mindset fuels continuous learning, innovation, and growth.
At Cognizant, careers transcend titles. We empower our people to think strategically, inspire others, and lead with purpose – always guided by our core values. Join us in shaping future of business. Could you be the one to make a difference?
This is a high impact role with broad responsibility working in tandem with our AVP Insurance and Risk Management. The primary focus will be supporting traditional risk management functions such as claims management, insurance, renewal process, safety, contract review and assistance with special risk management projects.
Insurance Risk Analyst:
P&C Insurance / Coverage Coordination
- Gather exposure data for renewals and reporting
- Deriving risk information from large amounts of data and developing clever ways to present charts and graphs that tell a good story
- Audit data collection and review
- Coordinate renewal application completion with other departments
- Coordinate Monopolistic State renewals
- Coordinate certificates of insurance
Claims
- Manage a variety of claims, including workers’ compensation, auto and general liability, employment practices, professional liability, etc.
- Negotiate with adjusters
- Manage any large deductible/SIR claims
- Conduct root-cause investigations
Risk Finance & Accounting
- Manage invoice processing & tracking
Manage Risk Management Information System
- Use Risk Management Information Systems (RMIS) to record, store and analyze incident and claims data o
- Coordinate monthly and quarterly internal report delivery
- Perform trending, analysis and benchmarking for projects
- Maintain monthly dashboard reporting
Contract Review
- Review contractual provisions around insurance, indemnification, safety and other areas to support legal and business team needs
Stakeholder Relations
- Listening to, educating and influencing cross-functional stakeholders in risk mitigation techniques to identify, analyze and prioritize risks and exposures to loss
Communications
- Produce periodic risk metric communications
- PowerPoint presentations (putting info together in PPT format)
- Manage/update risk intranet
Other
- Coordinate and manage surety program
- Assist in the Crisis Management and Business Continuity/Disaster Recovery processes as a representative of the Insurance function
- Participate in M&A transactions from an insurance and risk management standpoint
You Bring
- Bachelor's degree in risk management, finance, business or a related area or equivalent experience; CPCU, ARM, AIC, CIC, CRM and/or other insurance professional designations are a plus
- Two plus years of related experience in risk management and/or appropriate insurance related field, such as: claims, safety/loss control, underwriting, etc., in a large complex organization
- Excellent verbal and written communication skills
- Strong ability with MS Office applications
- Strong understanding of contracts, insurance policies and other written communications
- Robust relationship and communication abilities to effectively interact with clients, subcontractors, associates and other stakeholders
- Solid organization and detail orientation with the ability to multi-task and prioritize workload
- Ability to execute with a high level of independence in a fast-paced environment
- Strong project management abilities
Curiosity! The desire to learn new and complex topics
We believe hybrid work is the way forward as we strive to provide flexibility wherever possible. Based on this role’s business requirements, this is a hybrid position requiring 3 days a week in a client or Cognizant office in Dallas/Fort Worth, Texas. Regardless of your working arrangement, we are here to support a healthy work-life balance though our various wellbeing programs.
The working arrangements for this role are accurate as of the date of posting. This may change based on the project you’re engaged in, as well as business and client requirements. Rest assured; we will always be clear about role expectations.
We're excited to meet people who share our mission and can make an impact in a variety of ways. Don't hesitate to apply, even if you only meet the minimum requirements listed. Think about your transferable experiences and unique skills that make you stand out as someone who can bring new and exciting things to this role.