Financial Analyst, Property & Casualty Insurance

Sherwin-Williams•Cleveland, OH

13d•Onsite

About The Position

This position is responsible for performing key functions involving the management of the company’s global insurance programs. The individual will work cross-functionally with internal and external stakeholders, including Enterprise and Division Finance Groups, insurance carriers, brokers, and third-party service providers. This role is not hybrid/remote and will report to our Global Headquarters in Cleveland, OH. Because this role involves access to confidential financial information, the Company has determined that a review of criminal history is necessary to protect the business and its operations and reputation and to provide similar protections for its clients and potential investments.

Requirements

Bachelor’s degree
2+ years’ experience in Insurance/Claims Management or Finance experience
Business Knowledge includes a working knowledge of SW structure, business processes, and operations.
Skill set includes problem solving, critical thinking, organizational skills, excellent (oral and written) communication skills, and a capability to work independently.
Experience working in a cross-functional team environment to implement process improvements.
Intermediate Microsoft Office Skills
Ability to analyze data and make decisions quickly
Intermediate analytical and problem-solving skills.
Strong interpersonal skills, including written and oral communication skills
Strong organizational skills and attention to detail.
Proven ability to meet deadlines while managing multiple projects.

Nice To Haves

Bachelor’s degree in Finance or Accounting
Ability to interface with top management
History implementing or supporting systems
History of working with Oracle and EPM

Responsibilities

Supports the company’s global insurance programs including self-insured property claim program, workers’ compensation program, subrogation support, global premium payments, and filing new insurance claims.
Analyze department data and prepare recurring and ad hoc reports to support month and quarter end close processes.
Provides day-to-day support & service to all locations regarding the application and interpretation of the company’s risk management & insurance programs.
Manage the monthly accrual process for property insurance and international claims, including reconciliation of all related accounts.
Gathers and validates underwriting data for insurance program renewals in accordance with established guidelines and formats.
Partner with brokers to assist in the marketing of the global insurance program.
Participate in the adjustment of insured losses and coordinate with operating management in the preparation of claims.
Manages the global stock throughput insurance program.
Manage the global property loss control program that utilizes multiple vendors performing fire protection, jurisdictional inspections, and infrared audits.
Compiles information required to support the management of the Company’s insurance captive.
Provides support for all key department projects, including acquisition integration and vendor RFPs
Work with Risk Management, broker team members, and loss adjusters to provide support for claims management of both property and workers compensation claims.
Maintain process for assessing extent of employee injuries and provide technical expertise to resolve claims, while partnering with loss adjuster.
Review and evaluate claim reserves for timeliness, appropriateness, and adequacy to ensure accurate financial reporting.
Facilitate strategic claim discussions and resources to maximize opportunities for claim resolution including leveraging claim settlements.
Communicate with appropriate HR/EHS, site/store management on claim resolution and action plan for injured employees.
As necessary, engage outside counsel to assist in resolving workers’ compensation claims.
Engage and counsel LOA Team, HR or EHS Managers with recommendations, referencing and applying internal policies, processes, state laws or regulations.
Ability to prioritize tasks to meet defined deadlines in a dynamic environment
Supporting cross-functional projects involving individuals throughout the organization
Identify operational risks and opportunities
Operate with close attention to detail and a focus on enhancing controls