What are the responsibilities and job description for the Insurance Analyst position at CITGO?
CITGO PETROLEUM CORPORATION
CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA.; Lemont, IL.; and Corpus Christi, TX, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.
At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care.
Job Summary
Insurance Analyst contributes to corporate insurance programs and functions including policy placement / renewal submission and application process, insurance policy and proof of insurance tracking and requests, claims management, contractor insurance reviews, and management of workers comp, auto, property and general liability claims. Critical to ensuring that all insurance contracts are reviewed and that all claims are handled efficiently and accurately
Minimum Qualifications
CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, LA.; Lemont, IL.; and Corpus Christi, TX, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 807,000 barrels-per-day (bpd), positions CITGO as one of the best-branded supplier companies in the industry.
At CITGO our people are our most important resource. Our core values are Safety, Integrity, Respect, Accountability, and Care.
Job Summary
Insurance Analyst contributes to corporate insurance programs and functions including policy placement / renewal submission and application process, insurance policy and proof of insurance tracking and requests, claims management, contractor insurance reviews, and management of workers comp, auto, property and general liability claims. Critical to ensuring that all insurance contracts are reviewed and that all claims are handled efficiently and accurately
Minimum Qualifications
- Bachelors Degree
- 2 Years of experience
- ARM, CPCU, AIC or Licensed Claim Adjuster - preferred
- Manage information-flow between Company and insurance brokers for accurate and timely insurance application and submissions leading to on-time placement of all corporate insurance coverage. Manage timely receipt of accurate insurance policies following placements. Obtain and distribute auto-ID cards as needed and provide CITGO proof of insurance and certificates as requested.
- Perform contract reviews for non-standard indemnity and insurance language in various contracts and business proposals, and then advise internal stakeholders regarding appropriate insurance coverages and limits, ensure they comply with company standards and regulatory requirements. Analyze potential risks associated with contracts and provide recommendations for mitigating those risks.
- Work with claims adjustors for WC, auto liability, non-catastrophic property damage and general liability claims, including providing settlement recommendations. Maintain corporate General Liability Insurance "Claim-Track" for quarterly status reports and at renewal. Report accurate and timely claims numbers and documentation to management and provide regular updates.
- Managing third party overseeing projections of actual and expected losses for renewals, quarterly potential outstanding liability reports, self-risk funding, letter of credit requirements and claim funding accounts and running the monitoring models. The claim trending analysis is used in meeting GAAP requirements, as well in negotiations with insurers to obtain favorable terms.
- Participate in CITGO Emergency Management Program On-Call Team to respond to operational and corporate incidents. Assist operations in responding to emergency situations by advising senior management on the status of the event and recommending business resources/needs to respond and manage incident.
- Respond to Captive financial flow requests, audit questions and provide claims reports as needed.
- Monitor and provide response to proposals for legislation that may impact corporate insurance program.
