Risk Analyst - Corporate Insurance in Memphis, TN at First Horizon National Corporation

Date Posted: 7/30/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    165 Madison Avenue
    Memphis, TN
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    7/30/2020
  • Job ID:
    INSUR02221

Job Description

The Risk Analyst supports the Corporate Insurance property and casualty program in claims management, insurance program administration, and loss control efforts; also supports the Bank Owned Life Insurance program in claims management and governance reporting; other duties as assigned.

Essential Duties and Responsibilities:

•         Review and assess property and casualty insurance claims from initial notification of incident through claim settlement; provide first notice of P&C claims to brokers and Insurers; perform claims investigations; partner with insurers to develop claims strategy, action plans and help set realistic goals for timely claims resolution; serve as a resource for questions and concerns from claimants, employees, management and external vendors.

•         Partner with the workers compensation third party administrator to ensure claims are being adjusted fairly, aggressively and in accordance with our special handling instructions and with applicable law; evaluate initial claims information; assign nurse case manager when needed; act as the liaison between injured employees, management, HR, TPA, nurse case managers, physicians and attorneys to ensure adherence to our workers compensation program; coordinate return to work efforts for injured employees

•         Monitor P&C claims reserves and recommend action; monitor timeliness of claims payment activity; monitor closure opportunities and review settlement requests and recommend action; assist in the coordination of subrogation and recovery activity

•         Maintain complete confidentiality of all claims and other exposures information, including personal and health related claimant information

•         Partner with Corporate Real Estate and other areas to manage third party claims of property damage or automobile damage to FHN exposures; oversee claims adjusting process to completion; track all insurance losses below deductible in Risk Management Information System; provide updates on Operational Losses to Risk Management Consultant

•         Maintain all property and casualty claims data on Risk Management Information System; prepare claims reports for management; identify claim trends related to causation, types of claims, geographic indicators, etc. and develop action plans

•         Conduct quarterly claims review meetings with insurers and brokers; manage third party vendors, including TPA and nurse case managers, against service level commitments

•         Coordinate with internal partners on HR and safety programs and requirements.

•         Ensure compliance with OSHA standards by reporting appropriate claims events and responding to OSHA requests for information

•         Participate with insurers in loss control visits for the Company’s buildings and infrastructure and workers compensation program; review insurer reports and recommendations; work with internal partners to develop loss control plans; monitor loss control plans; communicate plans and results to insurers

•         Responsible for Bank Owned Life Insurance (BOLI) death claims administration; gather materials for BOLI annual meeting

•         Coordinate annual workers’ compensation audits with insurer

•         Process Certificates of Insurance requests

•         Perform other duties in support of Corporate Insurance Risk Manager as required.

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Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)