Job Description

Senior Corporate Risk Analyst

***Please note that a Hybrid Telework Schedule will be considered for this position. Hybrid is defined as a pre-determined blend of working from home and in the office. Two (2) days in the office, three (3) days at home per week will be offered after the standard probation period.

As an integral member of the team, the Senior Risk Analyst will support a broad range of risk and insurance activities, including contract review with a focus on insurance language and risk transfer requirements; coordination and support of enterprise insurance portfolio renewals; and facilitation of on-site and virtual inspections for the property insurance program and other insurance programs as needed. This role collaborates closely with internal partners and external stakeholders to ensure effective risk management practices and compliance across the organization.

Key Areas of Focus:

• Perform financial, insurance, and economic analyses, including the collection, compilation, verification, and interpretation of financial information, insurance evaluations, and relevant economic indicators
• Support enterprise insurance management activities, including:
  • Insurance policy renewals
  • Carrier inspections, audits, and site visits
  • Coordination and completion of the enterprise-wide property recommendations program
  • Property inspections and related documentation
• Coordinate data gathering and documentation required for insurance renewals, underwriting submissions, and site visits
• Review, forecast, and track insurance-related expenditures, including:
  • Annual insurance premium forecasting for budgeting purposes
  • Invoice review, payment coordination, and premium tracking across all policies
• Support insurance claims management by gathering required data, coordinating internal stakeholders, and assisting with claim documentation and follow-up
• Evaluate and respond to special or time-sensitive requests for insurance documentation, certificates, and coverage confirmations
• Review insurance-related contract language and documentation; assess contractual risk exposure and provide recommendations related to risk transfer through insurance or alternative risk mitigation methods. Requires strong technical knowledge of contract insurance requirements
• Collaborate cross-functionally with Legal, Procurement, and Operations teams by providing consultative guidance on risk management matters, insurance requirements, risk exposures, and related training resources
• Assist with property valuation activities, including the facilitation and coordination of property appraisals
• Participate in risk assessment activities, including gas and electrical risk evaluations, and support implementation of risk improvement recommendations
• Prepare, document, and maintain internal processes and procedures to support consistency, compliance, and operational efficiency
• Develop job-specific skills and competencies to serve as a knowledgeable backup resource within the risk management or insurance function

Who You Are…A team player who thrives on variety in their work and is passionate about your field. The most successful candidate offers a bachelor’s degree in Finance, Business, Risk Management, or equivalent experience (5+ years) from a broker, insurer, or in-house corporate risk and insurance analyst. Demonstrated and documented competency in the noted key responsibilities should be reflected in your resume. Strong analytical, quantitative, and qualitative skills would make you an ideal match for this role. ARM or CPCU would be an added plus for the role.

The military job codes/duty codes most closely related to this role are: 36B, 65F1, 65F2, 65F3, 65F4, 65FX, 6410, 6413, 6415, 6417, 3401, 3404, 3408, 9680

What does this opportunity offer? If you have solid insurance risk management, financial capabilities, and analytical skills in the areas we are seeking, are proactive and self-starting, and enjoy working in a team environment, we want to hear from you! Join a team of analysts who share your enthusiasm and passion for this field. Within this position at Colorado Springs Utilities, we will continually stretch your capabilities by exposing you to the advanced functions within the Financial Planning & Risk Department as you progress in your development.

PHYSICAL REQUIREMENTS/WORKING CONDITIONS:

• Exerts up to 10 lbs. of force occasionally and/or a small amount of force frequently to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally, and all other sedentary criteria are met.
• Positions in this class typically require talking, hearing, seeing, and repetitive motions within an office working environment.

Who We Are...
Colorado Springs Utilities, a four-service utility provider with a 100-year reputation of integrity, gives you an experience unmatched by other utility companies. We continuously strive to stay ahead of the business curve with our established priority to update and incorporate state-of-the-art technology and provide a work culture dedicated to innovation, collaboration, and synergy. In fact, we were recently awarded the Diamond Designation from the American Public Power Association (APPA), recognizing our utility for having some of the highest ratings in reliability, safety, workforce development, and system improvements among the more than 2,000 public utilities in the nation. Nestled at the base of the Rocky Mountains, Colorado Springs is the perfect blend of mountain and city living. With over 300 days of sunshine a year, you will enjoy nature at its finest while residing in the sixth most desirable place to live in the United States (according to U.S. News & World Report, 2021).

Our Commitment to Our Employees…
Our people are the heart and soul of Colorado Springs Utilities. They keep the lights on, gas flowing, water coming in, and wastewater leaving. We don't just say people are important – we prove it! That’s why we are honored to invest in protecting the health and financial security of our employees and their families through our rich benefits program.

Time Off to Recharge

• Vacation – Start with 13 days annually, increasing to 24 days with tenure

• Personal Leave –3 days per year

  Sick Leave – 12 days per year for personal or family health needs

  Vacation Buy – Option to purchase up to 40 additional hours annually

Health & Wellness – Benefits elected are effective the first of the following month

• Medical Plans: Three comprehensive options, including a $0 premium High-Deductible Health Plan (HDHP) with Health Savings Account (HSA) eligibility
• Zero Health: Access to hundreds of medical services at no cost
• Dental & Vision: Two dental plans and one vision plan
• Family Building-Benefits: Support for fertility, preservation, adoption, and surrogacy
• Wellness Program: A voluntary program that rewards you for prioritizing self-care! If you're enrolled in our medical plan, you and your spouse can earn up to $600 in HRA or HSA contributions by completing healthy activities
• Flexible Spending Accounts (FSA): Pre-tax contributions for healthcare and dependent care expenses
• Health Savings Account (HSA): Available with HDHP

Financial & Retirement Security

• Pension Plan: Colorado PERA provides retirement benefits and peace of mind
• Supplemental Retirement Plans: PERAPlus 401(k), MissionSquare Roth IRA, and 457 plans
• Disability Coverage: Short-Term and Long-Term Disability insurance available
• Life Insurance: Employer-paid coverage with optional supplemental plans
• Long-Term Care Insurance: Available for purchase to support extended care needs

Additional Support

• Employee Assistance Program (EAP): Confidential support for mental health, stress, legal, financial, and work-life balance
• Tuition Reimbursement: Up to $5,250 annually to support continued education
• Public Service Loan Forgiveness: As a qualifying employer, your student loan payments may be eligible for loan forgiveness