Insurance Analyst

Are you looking for an opportunity with plenty of growth potential? Do you enjoy working in an exciting, fast-paced, collaborative environment? Are you interested in working with the worlds most innovative companies to create a more connected world?

Connecting Continents. Impacting Communities.

The backbone of the Internet is a series of high-tech subsea fiber optic cables deployed throughout the globe - SubCom has deployed over 50% of them. Our employees ensure data communications networks are engineered, manufactured, deployed, and maintained to the highest standards, enabling faster and more reliable connectivity to communities worldwide. Every member of the SubCom team plays a role in an end-to-end process that is critical to enterprises, governments, big cities, and rural towns.

We encourage, expect, and value creativity, thoughtful risk taking, openness to change, and diverse perspectives. Whether youre a seasoned applicant seeking a new and exciting challenge, or youre new to the workforce and looking for a flexible, rewarding, and fast-paced position with an innovative and stable organization (since 1953), SubCom has opportunities to advance your career.

Position Overview

Under the general direction of the Chief Financial Officer the Insurance Analyst (IA) will be responsible for coordinating various components of SubCom's Corporate Insurance Program. The IA will be responsible for administering the company's complex insurance portfolio, with a particular focus on marine insurance, claims management, and renewal processes. The IA also administers insurance claims from initial reporting through resolution and provides ongoing support to various departments on insurance-related matters.

Responsibilities

• Insurance program administration
  • Coordinate the pre-renewal and binding processes for SubCom's marine, casualty, property, workers compensation and other corporate insurance programs.
  • Act as the primary liaison with insurance brokers, receiving and reviewing renewal requests, providing updated risk information, and overseeing submission preparation to underwriters.
  • Review policy documentation and premium billings, ensuring accuracy and timeliness of payments.
• Insurance renewal coordination
  • For each line of coverage, complete tasks such as:
    • Reviewing existing policies and assessing coverage requirements.
      • Gathering and updating necessary information from relevant departments.
      • Preparing submissions and negotiating terms, pricing, and conditions with brokers.
      • Comparing coverage options and finalizing bind orders.
      • Managing premium payments.
  • Monitor the renewal process from initial request to policy binding and documentation review.
• Claims management administration
  • Receive and report bodily injury and property damage claims.
  • Track insurance claims from initial notification to final settlement, including crew injury and medical claims.
  • Assist underwriters and brokers to ensure that insurance claims are efficiently managed.
  • Review loss records and maintain accurate claims data.
• Collateral duties
  • Support the legal department in reviewing contracts to ensure insurance requirements for vendors and customers are met.
  • Assist with the coordination of pre-embarkment physicals for SubCom and client vessel staff.
  • Manage insurance certificate program for outgoing and incoming certificates.
  • Attend meetings with brokers and underwriters in both London and New York.
  • Manage surety portfolio including evaluating surety requirements, coordinating with brokers to obtain the required sureties, monitoring compliance to minimize risks and managing any claims related to any sureties.

Qualifications

• Bachelor's Degree, preferably in Insurance, Marine Business Administration, Business, Finance, or equivalent
• Three to five years of business, finance, marine or risk experience
• Strong analytical skills to assess and manage various components of corporate insurance programs.
• Attention to detail to ensure accurate assessment and understanding of information obtained.
• Availability for occasional
• Effective communication skills to work with internal and external personnel and present recommendations.

NOTE: This job description is not intended to be all-inclusive. Employee may perform other related duties as negotiated to meet the ongoing needs of the organization.

Candidates for positions with SubCom must be legally authorized to work in the United States. Employment eligibility verification will be required at the time of hire. Visa sponsorship is not available for this position.

Our selection procedure is based on local, state and federal law.

Please be sure to attach a resume to your application. We are not able to consider applications without a resume.

BENEFITS

SubCom offers a comprehensive benefits package, including but not limited to: competitive salaries, medical, dental, vision, life and disability insurance coverages, FSA, HSA, generous vacation, paid sick leave, paid parental leave, paid holidays, tuition reimbursement, adoption assistance, and a 401(k) plan with generous company match. Additionally, some positions may be eligible for shift differential.

AFFIRMATIVE ACTION/EQUAL EMPLOYER OPPORTUNITY

SubCom is committed to providing a work environment that prohibits discrimination on the basis of age, color, disability, ethnicity, marital status, national origin, race, religion, gender, gender identity, sexual orientation, protected veteran status, disability or any other characteristics protected by applicable law or regulation.

SubCom engineers, manufactures, and installs subsea fiber optic data cables - the unsung heroes of global communication. With an unrelenting focus on quality, reliability, and value, SubCom offers flexible end-to-end building blocks for the high-tech networks that are the backbone of the world's digital infrastructure. Since 1955, SubCom has deployed enough cable to circle the equator more than 21 times.

SUBCOMS CORE VALUES

Quality - Accountability - Teamwork - Innovation