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The Risk & Insurance Analyst will take charge of a diverse set of responsibilities working with the Company’s Finance, Operations and Legal staff. This individual contributor role leads the administration and strategic oversight of the company's corporate insurance programs, ensuring comprehensive protection of assets, operations, and personnel. This role manages the end-to-end insurance lifecycle—from underwriting and coverage analysis to claims resolution—while collaborating cross-functionally with Legal, Finance, and Operations. The Risk and Insurance Analyst also oversees risk assessment processes, supports debt compliance reporting, and drives continuous improvement in risk mitigation and insurance efficiency.

Corporate Insurance & Risk

+ Lead the effort in the placement and administration of all corporate insurance policies and programs. Collaborate with insurance brokers and carriers, cross-functional Company teams including Legal, Operations, and Finance to ensure that Company assets, operations, and employees are adequately covered with appropriate insurance policies and coverages.

+ Specific duties and responsibilities include but are not limited to:

+ Preparing insurance underwriting applications and statement of values (“SOV’s”) documentation for all lines of coverage.

+ Make recommendations on appropriate coverage, insurance limits and retention/deductible levels.

+ Review all binders and policies for accuracy and work with brokers to resolve any issues prior to binding coverage.

+ Maintain adequate surety bond coverage for the Company’s global import operations. Analyze bond utilization reports to monitor bond sufficiency to ensure adequate coverage. Work with the company’s customs bond broker to minimize collateral requirements.

+ Manage domestic and international insurance policy documentation repository in an organized and secure manner.

+ Serve as risk management contact for insurance brokers and insurance carriers.

+ Review contracts and vendor agreements to ensure proper insurance coverage is in place. Escalate insurance coverage gaps to the Director of Treasury and Legal.

+ Manage policy audit process with underwriters and review audit results for accuracy.

+ Prepare annual insurance budget based on required coverages, insurance market trends, and inputs from company stakeholders and insurance brokers.

+ Support day-to-day operations of corporate risk management, including policy administration and issuance of certificates of insurance as requested and at renewal.

+ Improve the efficiency of insurance and risk management operations through continuous improvement methods, adequate planning, and maintenance of accurate and complete SOV’s for the Company and each of its subsidiaries.

Claims Management

+ Oversee the timely and accurate claims reporting process from initiation to resolution, working closely with insurance adjusters, Legal, and internal departments.

+ Resolve claim disputes with carriers; communicate and escalate insurance claims and risks efficiently across the organization to maximize recoveries.

Risk Management Administration

+ Utilize benchmarking and claim trend analysis to identify and recommend strategies designed to increase safety, reduce frequency and severity of claims across the company’s operations.

+ Develop, implement and oversee internal reporting and tracking system for all General Liability, Auto, Workers Comp and Property incidents to increase efficiency and streamline process.

+ Collaborate with Accounting to confirm the accuracy of invoices and ensure insurance premiums are paid according to terms to avoid cancellation of insurance policies.

+ Ensure insurance company risk control recommendations are addressed by the appropriate company personnel in a timely manner, remediation is appropriately documented and reported to the respective insurance company for closure. Escalate risk control recommendation issues to the company’s senior management.

Debt Compliance

+ Assist is the preparation and review of the Company’s debt compliance reporting requirements to ensure all reporting requirements are met in an accurate and timely fashion and in accordance with the Company’s First Lien Loan document and Asset Based Lending (“ABL”) Loan Document.

+ Maintain and report on the Company’s ABL borrowing base calculation according to the ABL Loan Document, including Eligible Reserves calculations.

+ Prepare loan and debt ad hoc analysis and reports as directed.

CORE SKILLS/COMPETENCY REQUIREMENTS

+ Bachelor’s degree in risk management, Insurance, Finance, Business Administration, or a related field.

+ A minimum of 5 years of experience in insurance, risk management, or related fields, preferably within the banking, finance, or corporate insurance industry.

+ Experience with insurance policies (commercial lines), claims management, and risk assessment.

+ Must have excellent communication, interpersonal and organization skills.

+ Ability to work under pressure, often in a deadline driven and fast paced environment

+ Work independently as well as collaboratively in a team environment and cross-functional organization

+ Strong curiosity and willingness to learn and improve processes.

+ Stays current with industry news and players to anticipate changes in coverage and premium

+ Advanced certifications such as CRM (Certified Risk Manager), CPCU (Chartered Property Casualty Underwriter), or ARM (Associate in Risk Management) are a plus but not required.

+ Proficient with Microsoft Office products and other IT based tools and products.

Protective Industrial Products (PIP) is an equal opportunity employer that is committed to diversity and inclusion in the

workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation,

national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.

This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination,

layoff, recall, leave of absence, compensation, benefits, training, and apprenticeship. PIP makes hiring decisions based

solely on qualifications, merit, and business needs at the time. For more information, you may request access to our EEO policy.