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 Corporate Planning & Management Division with focus on first line operational and risk resiliency and reports into the Chief Financial 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.

Primary Responsibilities

Analyze, gather, and interpret information necessary for business, claims, and management reportingPrepare and support insurance renewal submissions, collection of underwriting data and coordination with internal stakeholders and operating partnersEnsure 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 coveragePerform analysis of risk exposures and insurance claims analysis across the firmwide portfolioMaintain 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 neededPost 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 transactionsManage and track claims related activity including documentation, loss runs, claim reviews, internal and external communications with brokers / carriersAdminister and ensure data integrity in Risk Management Information (RIMIS) systemConduct 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 requiredAssist 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 

Bachelors Degree2-3 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 environmentExcellent verbal and written communication skillsEnthusiastic, 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