Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for managing the company's exposure to insurance risk and/or claims management. Key responsibilities include selecting and overseeing negotiations with insurers and vendors, expense control and ensuring accuracy of budgets and reserves. Job expectations include conducting exposure evaluations, claims processing, insurance hedging, underwriting, delivering trend analysis, and driving loss prevention initiatives on behalf of stakeholders.

Responsibilities:

• Identifies, researches, analyzes, structures, and negotiates insurance hedges via underwriting

• Investigates, litigates, subrogates, and negotiates insurance settlements via claims processing

• Identifies, analyzes, structures, and negotiates surety bonds

• Consolidates, reviews and maintains policy documentation, monitors insurer credit quality and loss developments

• Develops and delivers executive and management level reporting and presentations

• Leverages underwriting and claims knowledge to provide advice on strategic solutions for exposure hedging

Required Qualifications:

• Demonstrated analytical skills, intellectual curiosity

• Resourceful, able to research information – a problem solver

• Excellent communication, teamwork and business partnering skills

• Intermediate to advanced experience with Microsoft suite

• Proven writing skills to all different audience levels

Desired Qualifications:

• 1-2 years of Insurance industry experience preferred but not required

• BS/BA degree (Insurance & Risk Management and / or Finance preferred) or related work experience

Minimum Education Requirement:

• High School Diploma / GED / Secondary School or equivalent

Skills:

• Claims Management

• External Resource Management

• Risk Analytics

• Vendor Management

• Analytical Thinking

• Financial Analysis

• Interpret Relevant Laws, Rules, and Regulations

• Reporting

• Underwriting

• Collaboration

• Financial Forecasting and Modeling

• Policies, Procedures, and Guidelines

• Problem Solving

• Record Keeping

Shift:

1st shift (United States of America)

Hours Per Week:

40