Entrylevel Insurance Risk Management Jobs in Indianapolis, IN

Are you ready to be part of a company that's not just talking about the future, but actively shaping it? Join The AES Corporation (NYSE: AES), a Fortune 500 company that's leading the charge in the global energy revolution. With operations spanning 14 countries, AES is committed to shaping a future through innovation and collaboration. Our dedication to innovation has earned us recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. And with our certification as a Great Place to Work, you can be confident that you're joining a company that values its people just as much as its groundbreaking ideas.

AES is proudly ranked #1 globally in renewable energy sales to corporations, and with $12.7B in revenues in 2023, we have the resources and expertise to make a significant impact as we provide electricity to 25 million customers worldwide. As the world moves towards a net-zero future, AES is committed to meeting the Paris Agreement's goals by 2050. Our innovative solutions, such as 24/7 carbon-free energy for data centers, are setting the pace for rapid, global decarbonization.

If you're ready to be part of a company that's not just adapting to change, but driving it, AES is the place for you. We're not just building a cleaner, more sustainable future - we're powering it. Apply now and energize your career with a true leader in the global energy transformation.

Reporting to the Treasurer of the AES US Utilities business unit ("US Utilities"), the Senior Analyst, Risk & Insurance in coordination with the AES Global Insurance and Risk Management teams, is responsible for supporting the identification, evaluation, mitigation, and management of the US Utilities exposure to financial, operational, contractual, and reputational risks. A significant part of the role will include assisting in the administration of insurance policies, certificates, bonds, claims, conducting research, analyzing relevant data, and formulating recommendations aimed at enhancing the US Utilities risk profile while also providing support related to power and commodity hedging programs. The US Utilities business unit is comprised of our two US utilities, AES Indiana and AES Ohio.
Key Responsibilities:
Risk Identification and Assessment: Support efforts to identify potential risks across financial, operational, strategic, and compliance domains. Participate in risk assessments by collecting and analyzing data from various organizational units.
Data Collection and Analysis: Aggregate and interpret internal and external data pertaining to business operations, incidents, hazards, and industry trends. Employ statistical and analytical tools to identify patterns and support risk management decisions.
Insurance Administration: Assist in the management of insurance policies, certificates and bonds. Ensure accuracy and currency of all documentation. Serve as a liaison with other teams, insurance brokers and carriers as needed.
Claims Management: Support the claims process throughout, including ensuring prompt notification of incidents, compiling necessary documentation and maintaining communication with internal and external stakeholders and facilitating settlements.
Reporting and Documentation: Prepare periodic and ad hoc reports for leadership, summarizing financial risk exposures, claims, risk mitigation recommendations and other reports as may be required. Organize and maintain thorough records.
Compliance Assistance: Facilitate compliance with applicable laws, regulations, and internal risk and insurance policies and procedures as applicable to the US Utilities.
Process Improvement: Identify and recommend enhancements to risk and insurance processes to improve efficiency and reduce costs. Contribute to the evaluation and implementation of innovative solutions and best practices.
Stakeholder Communication: Clearly communicate findings, concerns, and recommendations to colleagues, management, and external partners.
Administrative Support: Provide general administrative assistance to the risk and insurance teams and engage in additional support as may be required.
Desired Experience and Skills:
Undergraduate degree with a focus in business, finance, insurance, risk management, or a closely related discipline is preferred;
1-3 years of relevant professional experience in risk analysis, insurance, finance or a related area is advantageous
Extensive knowledge and capabilities to work in Microsoft Word, PowerPoint, and Excel
Experience in data analytics or risk modeling tools is a plus.
Self-starter with ability to work independently and with a team in a fast-paced and high-volume environment with emphasis on accuracy and timeliness
Highly organized team player - can easily respond to changes in work scope/deadlines as priorities shift
Outstanding communication (written and verbal) and interpersonal skills with ability to work across cross-functional teams effectively
Highly motivated to learn financial concepts and build out group's skillset
Strong organizational and time management skills
Positive attitude and an ability to adapt to changing projects and operations

Location and Work Environment:

The position is full-time and is based at our Indianapolis, IN office. The role will require occasional travel to our Dayton, OH office as well as other places in the US for site visits, meetings or participation in risk assessments.

AES is an Equal Opportunity Employer who is committed to building strength and delivering long-term sustainability through diversity and inclusion. Respecting all backgrounds, differences and perspectives enables us to improve the lives of our people, customers, suppliers, contractors, and the communities in which we live and work. All qualified applicants will receive consideration for employment without regard to sex, sexual orientation, gender, gender identity and/or expression, race, national origin, ethnicity, age, religion, marital status, physical or mental disability, pregnancy, childbirth, or related medical condition, military or veteran status, or any other characteristic protected under applicable law. E-Verify Notice: AES will provide the Social Security Administration (SSA) and if necessary, the Department of Homeland Security (DHS) with information from each new employee's I-9 to confirm work authorization.