Senior Insurance Risk Management Analyst
Hanes Brands

Overview

HanesBrands (NYSE: HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company's iconic brands are Hanes, the leading basic apparel brand in the United States; Champion, an innovator at the intersection of lifestyle and athletic apparel; Bonds, which is setting new standards for design and sustainability; Maidenform, America's number one shapewear brand; and Bali, America's number one bra brand. HBI employs 48,000 associates in 29 countries and has built a strong reputation for workplace quality and ethical business practices. The company, a longtime leader in sustainability, has set aggressive 2030 goals to improve the lives of people, protect the planet and produce sustainable products. HBI is building on its unmatched strengths to unlock its #FullPotential and deliver long-term growth that benefits all of its stakeholders.

We are seeking a highly skilled and experienced Senior Analyst for our Global Insurance Risk Management team. The ideal candidate will possess extensive knowledge in insurance risk management, strong analytical abilities, and the capability to develop and implement risk mitigation strategies on a global scale. Working in a small team environment, this role is a key member of the Global Insurance Risk Management team, reporting to the Director. The Senior Insurance Risk Management Analyst is responsible for risk management support of HanesBrands' global operations.

Responsibilities

The Senior Insurance Risk Management Analyst supports strategic objectives to ensure effective risk management for the company via insurance, loss control and contractual risk transfer. Responsibilities include supporting all aspects of the insurance programs, incident/claim management within guidelines set by Director; insurance placements, including collection, review, assessment, and validation of the operational exposure information, as well as preparation of underwriting submissions and presentations. This role has high visibility to business partners and will be expected to exhibit technical/professional acumen, cultural adeptness, and a proactive customer-centric focused approach in supporting the company's risk management philosophy.

The Senior Analyst supports junior team member(s) as needed, specifically on certificate, allocation, and invoicing processes.

• Claim administration:
  • Responsible for the administration of a small to medium portfolio of claims, including workers' compensation, liability/auto, marine cargo/stock throughput, and property losses. Serves as primary point of contact for internal clients to ensure understanding of the claims process and proper documentation of claims for submission to the insurer. Gathers and prepares materials and documents used for litigated claims and participates in the litigation process within defined authority. Evaluate and provide feedback to insurer and third-party administrator handling of claims. Supports workers' compensation absence management in tandem with HR and Safety. Settles claims within pre-established authority. Completes insurance carrier audits of workers' compensation program.
• Conducts annual business interruption study in partnership with broker.
• Leads collection efforts of insurance renewals with support from junior members of team/broker partners as needed.
• Supports contractual risk transfer by reviewing insurance language and providing recommendations for business agreements; escalates to Director as needed.
• Partners with internal stakeholders on explanations of insurance program changes, retentions, and exposures.
• Supports Director/business partners with property and casualty loss control initiatives as needed.
• Responsible for risk management departmental reporting/analytics in conjunction with junior member(s) of the team.
• Produces ad-hoc reports and analysis at the request of Director.
• Analyzes loss data to provide loss forecasting and potential loss reduction opportunities.
• Develops and runs reports for distribution to business units on losses, trends, and impact.
• Acts as a key liaison between the business units and internal departments and the risk management group by promoting a positive environment of collaboration and excellent customer service.
• Provides support and demonstrates risk awareness within the organization, notifying Director of trends and concerns.
• Other tasks and responsibilities as assigned, including backup of others in the department as necessary.

Qualifications

• Bachelor's degree from an accredited institution with a strong preference for Risk Management, Finance, Business or another applicable field. A risk management generalist with broad subject knowledge is the ideal candidate. 4+ years of equivalent work experience can be substituted for Bachelor's degree.
• Requires: 5+ years of experience with proven insurance or risk management and/or claims industry experience. Multinational corporate experience a plus.
• Masters degree preferred with 3+ years of experience

Job Specific Competencies

• Experience with supporting insurance placements and loss control programs.
• Experience with incident reporting and claims management.
• Experience with insurance contract review.
• Strong project management skills with ability to manage multiple competing priorities.
• Significant experience with Microsoft Office products (i.e., Excel and PowerPoint). Advanced skills in Microsoft Excel. Proven ability to develop reports in Excel.
• Ability to work in risk management systems and claim management systems.
• Adaptable to a rapidly changing and dynamic environment; ability to recommend solutions when faced with ambiguity.
• Scrappy self-starter with a can-do acumen and ability to work independently.
• Motivated with a willingness to drive change and make improvements.
• Effective communicator at multiple levels internally and with external partners; ability to develop and foster strategic relationships.
• Ability to handle sensitive and highly confidential matters with diplomacy and tact.

Core Competencies

• Data Fluency
• Written/verbal communication and listening
• Strong interpersonal and relationship skills
• Teamwork and collaboration
• Results orientation
• Adaptability

Core Values

Play to Win - We expect to win, working together to drive results. We push ourselves to simplify and innovate. When we fail, learn from it. We will break with the past when necessary to move forward.

Act Like Owners - We take action.We build relationships across functions so we can see the company holistically and seek out opportunities for improvement. We're willing to sacrifice in one area if that leads to our overall success.

Do What's Right - We behave ethically. We are transparent. We share information about the factors influencing our actions. Our behavior aligns with our values. Our products make the world a better place.

Create Opportunity for All - With success comes opportunity. Everyone is respected and included. We provide opportunities for all associates to reach their Full Potential.

This position requires full COVID-19 vaccination. Applicants may request exemption from the vaccine requirement for medical or religious reasons by contactingHBI_TA@hanes.com.

To qualify, applicants must be legally authorized to work in the United States and should not require now, or in the future, sponsorship for employment visa status

EOE/AA: Minorities/Females/Veterans/Disabled

Only applicants requiring reasonable accommodation for any part of the application and hiring process should contact us directly:

Telephone: 877.999.5553

Email:HBI_TA@hanes.com

Nearest Major Market: Winston-Salem
Job Segment: Workers Compensation, Claims, Garment, Apparel, Merchandising, Human Resources, Insurance, Fashion, Retail

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