What are the responsibilities and job description for the Sr. Risk Analyst position at NorthMark Strategies?
The Company:
NorthMark Strategies is a leading investment firm, combining capital, innovation, and engineering to drive long-term value. From operating complex businesses to backing breakthrough technologies, our mission is to build enduring businesses. Our team combines intelligent risk-taking, operational excellence, exceptional talent, and world-class computing capacity to create shareholder value.
Our company offers a dynamic environment where individuals have the freedom to lead companies toward bold achievements by embracing innovation, leveraging technology, and fostering differentiated business strategies. Our values are Integrity, Ability, and Energy, and the company aims to hire individuals who possess those qualities.
At NorthMark Strategies, we believe the future isn’t something to hope for, it’s something to build. We don’t just invest, we create. Bringing together strategic insight and technical horsepower to deliver outcomes that endure.
Position:
We are seeking a highly analytical and detail-oriented Senior Risk Analyst to join our Insurance Management & Advisory department, operating within a Center of Excellence (COE) structure. This role will support the development and execution of best-in-class insurance and risk management strategies across the organization, with a focus on Owner Controlled Insurance Programs (OCIP), Alternative Risk Transfer (ART) solutions, and captive insurance programs. The ideal candidate will have at least three – five years of relevant experience and a strong interest in innovative risk financing and insurance program administration.
Responsibilities:
- Support the implementation and continuous improvement of insurance management strategies, including OCIP and ART solutions such as captives and self-insurance.
- Assist in the design, negotiation, and administration of OCIP insurance programs, ensuring optimal coverage, compliance, and cost control.
- Analyze and evaluate alternative risk transfer opportunities, including captive insurance structures, to optimize risk retention and financial outcomes.
- Collaborate with internal teams—Investment, Legal, Operations, Procurement Real Estate, And Project Management—to assess risks and recommend tailored insurance and ART solutions.
- Maintain relationships with insurance brokers, carriers, captive managers, and third-party administrators to ensure effective program management.
- Assist with claims management, loss control initiatives, and incident reporting, supporting continuous improvement and cost containment.
- Monitor regulatory developments impacting insurance and risk transfer programs, ensuring compliance and best practices.
- Prepare and present data-driven reports and recommendations to department leadership and other stakeholders.
- Contribute to knowledge sharing and professional development within the COE, building organizational expertise in both traditional insurance and alternative risk transfer strategies.
Requirements:
- Bachelor’s degree in risk management, Insurance, Finance, Business Administration, or a related field; advanced degree or professional certifications (e.g., ARM, CPCU) preferred.
- Minimum of 5-6 years’ experience in insurance management, with exposure to OCIP programs and alternative risk transfer strategies, including captive insurance.
- Strong analytical, research, and problem-solving skills.
- Excellent written and verbal communication skills, with the ability to convey complex concepts clearly.
- Proficiency in Microsoft Office Suite and insurance/risk management software.
- High level of integrity, professionalism, and attention to detail.
- Ability to work both independently and collaboratively in a matrixed, team-oriented environment.
- Experience with construction insurance management or builders risk insurance would be a huge plus.
It is impossible to list every requirement for, or responsibility of, any position. Similarly, we cannot identify all the skills a position may require since job responsibilities and the Company’s needs may change over time. Therefore, the above job description is not comprehensive or exhaustive. The Company reserves the right to adjust, add to or eliminate any aspect of the above description. The Company also retains the right to require all employees to undertake additional or different job responsibilities when necessary to meet business needs.
Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future.
Benefits &Perks:
- Company-Paid Benefits: 100% Employer-Paid Medical in our High-Deductible Health Plan, Dental and Vision benefits for employees and their families, 16 weeks of Paid Parental Leave, Employee Assistance Program, Life insurance, Short-Term Disability and Long-Term Disability
- 401(k): Company will match 100% of your contributions up to 6%
- Optional Employee-Paid Benefits: Medical insurance in our PPO plan and a variety of other benefits such as Health Savings Accounts (with Company Contribution!), Flexible Spending Accounts, Supplemental Life Insurance, Wellhub and more.
- Time Off: 25 days of Paid Time Off plus 12 company holidays