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Insurance Manager

Charlotte, North Carolina

Job Description:

Bank of America’s Enterprise Insurance Management (EIM) team utilizes insurance to protect the bank’s assets and reduce corporate and line of business risk in support of our responsible growth strategy and risk management framework. EIM is looking for a dynamic professional to join our team as an Insurance Manager.

 

Our Insurance Managers use relevant knowledge of the insurance industry, insurance concepts and associated products, rates and pricing, contract negotiations, underwriting practices, and claims/reporting processes and procedures to support management of a broad portfolio of commercial coverage. Insurance Managers provide insurance consulting and subject matter expertise to resolve inquiries and needs for senior management and business units, as well as insurance brokers and carriers.

 

The role requires working across the broad scope of banking operations to research and analyze risk. Insurance managers leverage underwriting and claims knowledge to provide recommendations on strategic solutions for exposure hedging which may include risk avoidance, mitigation, or transfer according to insurance laws, rules, and regulations, loss frequency and severity analysis, insurance product availability, coverage breadth, and pricing. Additionally, the Insurance Managers have the responsibility for consolidating, reviewing and maintaining policy documentation, monitoring insurer credit quality and loss developments, as well as developing and delivering executive and management level reporting and presentations.

 

Required Skills and Experience:

  • BS/BA degree (Insurance & Risk Management/Finance preferred) or related work experience

  • Insurance industry experience preferred but not required

  • Demonstrated analytical skills, intellectual curiosity

  • Resourceful, able to research information – a problem solver

  • Excellent communication, teamwork and business partnering skills

  • Proven writing skills to all different audience levels

  • Intermediate to advanced experience with Microsoft computer programs: Word, Excel, Access and Outlook

Job Band:

H5

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Bank of America’s Enterprise Insurance Management (EIM) team utilizes insurance to protect the bank’s assets and reduce corporate and line of business risk in support of our responsible growth strategy and risk management framework. EIM is looking for a dynamic professional to join our team as an Insurance Manager.

 

Our Insurance Managers use relevant knowledge of the insurance industry, insurance concepts and associated products, rates and pricing, contract negotiations, underwriting practices, and claims/reporting processes and procedures to support management of a broad portfolio of commercial coverage. Insurance Managers provide insurance consulting and subject matter expertise to resolve inquiries and needs for senior management and business units, as well as insurance brokers and carriers.

 

The role requires working across the broad scope of banking operations to research and analyze risk. Insurance managers leverage underwriting and claims knowledge to provide recommendations on strategic solutions for exposure hedging which may include risk avoidance, mitigation, or transfer according to insurance laws, rules, and regulations, loss frequency and severity analysis, insurance product availability, coverage breadth, and pricing. Additionally, the Insurance Managers have the responsibility for consolidating, reviewing and maintaining policy documentation, monitoring insurer credit quality and loss developments, as well as developing and delivering executive and management level reporting and presentations.

 

Required Skills and Experience:

  • BS/BA degree (Insurance & Risk Management/Finance preferred) or related work experience

  • Insurance industry experience preferred but not required

  • Demonstrated analytical skills, intellectual curiosity

  • Resourceful, able to research information – a problem solver

  • Excellent communication, teamwork and business partnering skills

  • Proven writing skills to all different audience levels

  • Intermediate to advanced experience with Microsoft computer programs: Word, Excel, Access and Outlook

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21074482

Band: H5

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Joanna Blake

Referral Bonus:

0

Street Address

Primary Location:
150 N COLLEGE ST, NC, Charlotte, 28255