Risk & Insurance Analyst

Job Posting End Date

03-04-2025

Please note the job posting will close on the day before the posting end date

Job Summary

Supports the procurement process of corporate insurance, including captive insurance operations.

Identifies hazard risks arising from the management and operations of AEP.

Claims and submissions to underwriters.

Performs financial review of captive operations.

Evaluates non-complex vendor contracts.

Job Description

ESSENTIAL JOB FUNCTIONS:* Assist in the identification, analysis and mitigation of hazard risks exposing assets and liabilities of AEP and its affiliates and participate in the development and execution of strategies for retaining, transferring or financing such risks.

MINIMUM REQUIREMENTS: Education: Bachelor's degree in business administration, finance, risk management, insurance, engineering or relevant field of study or Associate's degree in relevant field and two years of relevant work experience or high school diploma/GED and four years of relevant work experience. Experience: In addition to any experience required above, 2 years of relevant risk work experience is required.

OTHER REQUIREMENTS:

CPCU or ARM preferred.

Travel: domestic and international (requires passport) to visit vendors, brokers and insurance markets, AEP plant and field visits (could be up to 10% time).

Strong written and verbal communication skills.

Compensation Data

Compensation Grade:

SP20-006

Compensation Range:

$72,380.00-90,474.50 USD

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It is hereby reaffirmed that it is the policy of American Electric Power (AEP) to provide Equal Employment Opportunity in all aspects of the employer‐employee relationship including recruiting, hiring, upgrading and promotion, conditions and privileges of employment, company sponsored training programs, educational assistance, social and recreational programs, compensation, benefits, transfers, discipline, layoffs and termination of employment to all employees and applicants without discrimination because of race, color, religion, sex, age, national origin, ethnicity, ancestry, veteran or military status, disability, genetic information, sexual orientation, gender identity, or any other basis prohibited by applicable law. When required by law, we must record certain information to be made part of an Affirmative Action Plan. Applicants for employment may also be invited to participate in the Affirmative Action Program by self-identifying their Race or Ethnic Identity.