FBS Risk Management Specialist

Our Client is one of the United States’ largest insurers, providing a wide range of insurance and financial services products with gross written premium well over US$25 Billion (P&C). They proudly serve more than 10 million U.S. households with more than 19 million individual policies across all 50 states through the efforts of over 48,000 exclusive and independent agents and nearly 18,500 employees. Finally, our Client is part of one of the largest Insurance Groups in the world. Job Summary The FBS Risk Management Specialist will provide oversight and governance of the First Party Benefit Services (FBS) claims process. This role will ensure compliance with internal controls, state and federal regulations, and industry best practices. Essential Functions: * Conducts regular audits of FBS claims to ensure compliance with company policies and procedures, state and federal regulations, and industry best practices. * Identifies and analyzes trends in claims data to identify potential areas of risk and opportunity for improvement. * Develops and implements risk mitigation strategies to reduce the likelihood and impact of financial loss. * Collaborates with cross-functional teams, including claims, legal, and compliance, to address and resolve risk-related issues. * Provides training and guidance to FBS claims staff on risk management principles and best practices. * Develops and maintains documentation of risk management processes and procedures. * Monitors and reports on key risk indicators to senior management. * Participates in the development and implementation of new FBS products and services. * Stays current on industry trends and regulations related to risk management. Qualifications: * Bachelor's degree in a related field (e.g., Business Administration, Finance, Risk Management). * 5+ years of experience in claims handling or risk management, preferably in the insurance industry. * Strong understanding of insurance claims processes, regulations, and industry best practices. * Excellent analytical, problem-solving, and decision-making skills. * Strong communication and interpersonal skills, with the ability to effectively communicate with internal and external stakeholders. * Ability to work independently and as part of a team. * Proficient in Microsoft Office Suite (Word, Excel, PowerPoint). Preferred Qualifications: * Professional certifications (e.g., CPCU, AIC). * Experience with data analysis and reporting tools. Benefits Our Client offers a comprehensive benefits package that includes: * Medical, dental, and vision insurance. * Paid time off and holidays. * 401(k) plan with company match. * Life insurance. * Disability insurance. * Employee assistance program. Our Client is an Equal Opportunity Employer and values diversity. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to [email protected]