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Goldman Sachs

Corporate Insurance & Advisory - Office of the CAO, Associate - Dallas, TX

Dallas, TX

Office of the CAO Division

Corporate Insurance & Advisory

Analyst / Associate | Dallas, Texas

The Corporate Insurance & Advisory function (Corporate Insurance) at Goldman Sachs is responsible for managing property, casualty, and management liability insurance needs of the Firm and its various investing businesses. The group resides in the Office of the CAO with focus on first line operational and risk resiliency and reports into the Chief Administrative Officer. Primary responsibilities include mapping operational risk to insurance solutions, procurement and management of the firm's insurance programs, insurance diligence and advisory across it's investing business. The team is seeking an Analyst/ Associate with strong acumen in analytics and interest in insurance and/or risk management to assist in executing the firm's insurance strategy.

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Primary Responsibilities

  • Analyze, gather, and interpret information necessary for business, claims, and management reporting
  • Prepare and support insurance renewal submissions, collection of underwriting data and coordination with internal stakeholders and operating partners
  • Ensure the source and flow of data underneath all of the analytics is accurate
  • Utilize natural catastrophe model outputs and actuarial studies to review risk exposure and modify insurance coverage
  • Perform analysis of risk exposures and insurance claims analysis across the firmwide portfolio
  • Maintain schedule of insurance coverage and key data inputs (including carriers, limits, key terms, dates, premium, etc.).
  • Assist in global insurance premium allocations and quarterly adjustment calculations as needed
  • Post renewal policy administration including but not limited to premium payment tracking, global policy issuance and payment coordination
  • Participate on insurance advisory and due diligence across corporate, real estate, renewable energy and infrastructure transactions
  • Manage and track claims related activity including documentation, loss runs, claim reviews, internal and external communications with brokers / carriers
  • Administer and ensure data integrity in Risk Management Information (RIMIS) system
  • Conduct global contractual reviews RFPs, sale and purchase agreements, vendor agreements partnering with Legal and Procurement to provide risk management input
  • Monitor vendor key performance indicators, vendor on-boarding coordination as required
  • Assist on department initiatives and projects as needed including documentation of industry benchmarking and metrics.
  • Assist project management team on platform project initiatives (procedures, exposure and data analytic and reporting, departmental initiatives)

Qualifications

  • Minimum 3 years of experience in insurance risk management (e.g. in house risk management team, broker or insurance company)
  • Ability to identify and synthesize operational risk data and insurance mitigation
  • Strong data analytics skills with the ability to work with large sets of data (Advanced excel, VBA)
  • Strong organizational skills with experience working to meet deadlines in a highly dynamic environment
  • Excellent verbal and written communication skills
  • Enthusiastic, intellectually curious and desire to understand the different business activities of the firm
  • Ability to work in a fast-paced environment, with a strong delivery focus
  • Experience working in Risk Management Information Systems (RIMS) a plus
  • Possess a Bachelor's Degree at a minimum

ABOUT GOLDMAN SACHS

At Goldman Sachs, we commit our people, capital and ideas to help our clients, shareholders and the communities we serve to grow. Founded in 1869, we are a leading global investment banking, securities and investment management firm. Headquartered in New York, we maintain offices around the world.

We believe who you are makes you better at what you do. We're committed to fostering and advancing diversity and inclusion in our own workplace and beyond by ensuring every individual within our firm has a number of opportunities to grow professionally and personally, from our training and development opportunities and firmwide networks to benefits, wellness and personal finance offerings and mindfulness programs. Learn more about our culture, benefits, and people at GS.com/careers.

We're committed to finding reasonable accommodations for candidates with special needs or disabilities during our recruiting process. Learn more: https://www.goldmansachs.com/careers/footer/disability-statement.html

© The Goldman Sachs Group, Inc., 2021. All rights reserved.
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Veteran/Sexual Orientation/Gender Identity

Client-provided location(s): Dallas, TX, USA
Job ID: goldman-107695
Employment Type: Other

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