Insurance Assistant Jobs in Toronto, ON (NOW HIRING)

IKO Industries Ltd. is a market leader in the manufacturing of roofing and building materials. IKO is a Canadian owned and operated business with production facilities worldwide and has many years of unparalleled success in the roofing materials industry. Quality, integrity, and trustworthiness are the values that underlie this success, and we have built this company by hiring people who hold these values. People like you!
 

Job Description

Job Title: Insurance Analyst

Job Overview: We are seeking a detail-oriented and analytical Insurance and Risk Analyst to join our team. The ideal candidate will be responsible for analyzing insurance and claim data, evaluating risk, and developing strategies to minimize costs and maximize coverage. You will work closely with underwriters, claims adjusters, and other insurance professionals to ensure optimal policy management. Additionally, you will manage claims, assist in policy management, and the preparation of insurance documentation.

Key Responsibilities:

Data Analysis:

• Collect and analyze claims data to identify trends and patterns.
• Prepare detailed reports and presentations for management.
• Evaluate risk and forecast future insurance trends.

Risk Assessment:

• Consider risk mitigation strategies and recommend appropriate coverage options.
• Conduct regular reviews of policies to ensure completeness and accuracy

Policy Management:

• Assist in the development and modification of insurance policies and coverage.
• Maintain an inventory or the Company's insurance policies
• Assist in the preparation and compilation of underwriting information
• Follow up on obtaining from the broker policies, binders, and other insurance documentation.
• Perform an initial review of policy documentation
• Prepare the allocation of insurance premiums
• Place the Company's insurance bonds

Claims

• Maintain the relationship with the Company's third party adjuster
• Process and manage claims including submitting data, managing claims through to settlement and analyzing insurers coverage position
• Prepare monthly claim reports for discussion with the insurance and risk team
• Prepare Ad-Hoc claim reports as requested
• Identify claim trends and emerging risks

Client Support:

• Provide guidance and support to internal clients regarding insurance policies and claims.
• Address internal client inquiries and resolve any issues related to insurance coverage.
• Handle routine simple insurance inquiries

Collaboration:

• Work closely with claims adjusters to review and process insurance claims.
• Participate in team meetings and contribute to insurance placement strategy and insurance program development.

Qualifications:

• Bachelor's degree in finance, Business, Insurance, Risk Management, or a related field.
• CIP designation
• 3 yrs proven experience as an Insurance and Risk Analyst or similar role
• Proficiency in Microsoft Suite.
• Experience with other risk management tools would be a bonus.
• Strong analytical and problem-solving skills.
• Excellent written and verbal communication skills.
• Knowledge of insurance policies, regulations, and industry standards.
• Attention to detail and strong organizational skills.
• Ability to work independently and as part of a team
• Experience working for a global manufacturing company would be an asset

Benefits of Employment: IKO recognizes that its success is due to the strength of its employees. A primary goal of IKO is to promote individual employee's sense of accomplishment and contribution so that employees enjoy their association with IKO. The Company invests in its employees so that they are the most knowledgeable in the industry, and undertakes great efforts to nurture loyalty to, and teamwork at, IKO. We are pleased to offer competitive compensation, health care, a progressive and challenging workplace and a commitment to teamwork and integrity.

Diversity and Equal Opportunity Employment: IKO Industries Ltd. is an equal opportunity employer. We are committed to diversity and inclusion and are pleased to consider all qualified applicants for employment without consideration to race, religion, creed, color, national origin, age, gender, sexual orientation, marital status, veteran status or disability.IKO Industries Ltd. encourages and welcomes applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.