AbbVie Senior Risk Analyst in North Chicago, Illinois
AbbVie (NYSE:ABBV) is a global, research-driven biopharmaceutical company committed to developing innovative advanced therapies for some of the world’s most complex and critical conditions. The company’s mission is to use its expertise, dedicated people and unique approach to innovation to markedly improve treatments across four primary therapeutic areas: immunology, oncology, virology and neuroscience. In more than 75 countries, AbbVie employees are working every day to advance health solutions for people around the world. For more information about AbbVie, please visit us at www.abbvie.com . Follow @abbvie at https://twitter.com/abbvie on Twitter, Facebook at https://www.facebook.com/AbbVieCareers/ or LinkedIn at https://www.linkedin.com/company/abbvie/jobs .
Risk Management is responsible for protecting AbbVie and its shareholders from unforeseen loss. Risk Management coordinates global insurance coverages, sets the strategy and guidelines for risk management efforts and insurance procurement at the subsidiary level as well as partners with business functions to identify, assess and manage risks.
This role is responsible for aspects of insurance placement and risk management, managing processes necessary for the department to function, and assisting with special projects.
Key Responsibilities Include:
Insurance and Risk Management
Responsible for supporting insurance placements and risk management efforts for assigned risk areas
Assist in crafting renewal strategies and ensuring insurance program structures are fit for purpose and in alignment with budget.
Consolidate exposure data from internal AbbVie sources, analyze and present findings to Director/brokers/insurance carriers.
Support program renewal and implementation process by ensuring key milestones and deliverables are met on a timely basis, completing renewal applications, preparing responses to underwriting questions, reviewing policies/endorsements, responding to certificate requests, ensuring timely and complete documentation of internal files, and other tasks as assigned
Craft presentations/webinars to educate internal stakeholders on risk and insurance matters
Support risk management efforts including risk identification, quantification, loss prevention and risk insight development
Conduct contract reviews and provide risk and insurance guidance
Management of Department Administrative processes
Support vendor management efforts
Ensure timely and accurate invoice payment and intercompany billings as necessary
Adopt and manage RMIS tool for assigned insurance placements
Maintain department documentation updated (policies, procedures, coverage narratives)
- Projects may include data analysis related to losses, risk exposure and/or business unit information. Projects may also include supporting the development of cost/benefit analysis, business case development, process mapping and KPI development.
Bachelor degree required. Business major preferred.
Associate in Risk Management (ARM) preferred but not required
Minimum 4 years of experience in insurance, risk management, brokerage and/or finance
Intellectually curious and a fast learner
Excellent time management and organizational skills
Ability to handle a variety of tasks simultaneously and be detail oriented
Strong analytical, problem solving and critical thinking abilities
Agile and accountable
Strong project management skills
Focus on continuous improvement, ability to improve/redesign processes
Ability to work independently and be a self-starter
Ability to develop strong relationships with business units/functions and external parties (e.g. brokers/insurers)
Excellent oral and written communication skills.
Strong computer skills, particularly Excel, Word, and PowerPoint
Significant Work Activities
Yes, 5 % of the Time
Job Level Code
Equal Employment Opportunity
At AbbVie, we value bringing together individuals from diverse backgrounds to develop new and innovative solutions for patients. As an equal opportunity employer we do not discriminate on the basis of race, color, religion, national origin, age, sex (including pregnancy), physical or mental disability, medical condition, genetic information gender identity or expression, sexual orientation, marital status, protected veteran status, or any other legally protected characteristic.