SENIOR RISK ANALYST

JOB ANNOUNCEMENT

Senior Risk Analyst

Department of Finance

Risk Management Division

Number of Positions: 1

(Additional vacancies possible pending budget approval)

Starting Salary: $74,244.00/annually

Applications for this position will be accepted until 11:59 PM CST on March 7, 2025

Under general supervision, evaluates insurance risks, negotiates insurance terms and conditions, monitors insurance claims, and performs other related duties as required.

ESSENTIAL DUTIES

* Evaluates contracts and develops insurance requirements based on the City's exposures to risks.

* Reviews contractors' certificate of insurance and has the City named as an additional insured to transfer risk exposure from the City to the contractors.

* Analyzes and evaluates new and renewal insurance policies for accuracy of coverages.

* Develops insurance specifications and requests for proposals (RFP) for the purchase of new insurance policies, the renewal of existing policies, insurance broker selection, and third-party insurance administrators.

* Reviews and evaluates insurance proposals from brokers for pricing, coverages, and adherence to specifications.

* Prepares insurance price and cost analysis related to insurance policies.

* Negotiates insurance policy terms and conditions to obtain maximum coverages at the lowest price.

* Reviews property, liability, and workers compensation claims and forwards to insurance carrier for settlement.

* May provide technical support and coordinate special projects.

Additional duties may be required for this position.

Location: 2 N. LaSalle St., Chicago, IL 60602

Days: Monday through Friday

Hours: 8:30 AM to 4:30 PM

THIS POSITION IS EXEMPT FROM THE CAREER SERVICE

Graduation from an accredited college or university with a bachelor's degree in business administration, public administration, or a directly related field, plus two (2) years of experience in the administration of insurance programs,

OR

graduation from an accredited college or university with a master's degree in business administration, public administration, or a directly related field, plus one (1) year of experience in the administration of insurance programs,

OR

graduation from an accredited college or university with an associate degree in business administration, public administration, or a directly related field, plus four (4) years of experience in the administration of insurance programs,

OR

six (6) years of experience in the administration of insurance programs.

Preference will be given to candidates possessing the following:

* Insurance industry knowledge

* Familiarity with risk management principles

SELECTION REQUIREMENTS

This position requires applicants to successfully complete an interview which will include a written exercise and/or skills assessment as part of the interview. The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position, based on the oral and written parts of the interview will be selected.

For Information on our employees benefits please visit our benefits website at:

https://www.chicago.gov/city/en/depts/fin/benefits-office.html

For Information on our salary and title structure visit our classifications website at:

https://www.chicago.gov/content/dam/city/depts/dhr/supp_info/JobClassification/2025_Classification_and_Pay_Plan.pdf

APPLICATION EVALUATION: Initial evaluation will be based on information provided on the application and the documents submitted. Department of Human Resource staff will review applications after the final posting date. Staff will follow any and all required Employment/Hiring Plan provisions, federal, state and local laws, and Collective Bargaining Agreements when applicable. Staff will apply hiring preferences as required by the municipal code. Placement on an eligibility list is not an offer or guarantee of an interview nor employment with the City of Chicago.

COMMITMENT TO DIVERSITY: To further our commitment to hiring applicants with diverse experience the City of Chicago has adopted the following ordinances 2-74-020 and 2-74-075. The ordinances provide a preference to applicants who meet minimum qualifications and who are veterans of the Armed Forces, and/or residents of Socio-Economically Disadvantaged Areas (SEDA) and/or Chicago Public School (CPS) high school graduates to be referred to departments for consideration. These hiring preferences do not apply to bidders, as Collective Bargaining Agreements define the hiring process for bidders. For positions covered by a collective bargaining agreement, bidders will be considered before external candidates. To learn more about our hiring practices click here.

ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.

The City of Chicago in an Equal Employment Opportunity and Military Friendly Employer.

City of Chicago

Brandon Johnson, Mayor