Job Description

The

Opportunity:

Avantor is looking for a dynamic, forward-thinking, and experienced Associate Insurance Risk Management will play a pivotal role in the administration and enhancement of the company's insurance programs.


This role will be a full-time position based out of our Coimbatore India office. The primary duty is to identify, assess, and mitigate risks related to insurance programs, ensuring the company's financial stability and operational efficiency. They analyze data, evaluate financial reports and policies, provide administrative support and collaborate with stakeholders to manage insurance exposures and claims.


To provides general support to the Treasury department in preparation of reports, schedules, and reconciliations. Performs duties associated with cash management and reporting as related to cash receipts, disbursements and investments. Performs monthly bank reconciliation duties for all bank accounts.



If you are passionate about solving complex challenges and driving innovation - let's talk!


Our organization is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

What we're looking for

Education:

Bachelor's degree in risk management, Insurance, Finance, or a related field

Experience:

2 + Years of related experience

Familiarity with insurance policies, claims, and risk management principles. Clear knowledge of Insurance Coverage - Property, General Liability (including Workers Comp and Auto), Professional Liability and Umbrella/Excess Liability Insurance

Proficiency in Microsoft Office Suite, particularly Excel, and other relevant software Strong analytical and problem-solving skills Excellent communication and interpersonal skills

How you will thrive and create an impact

This position entails the collection of data for insurance program renewals, the management of insurance coverage lines and programs, and the execution of various administrative responsibilities Additionally, the Analyst will support other risk management programs, collaborating with internal and external stakeholders to identify trends and provide insights that inform strategic decision-making and optimize risk management practices The ideal candidate will have a strong background in risk management, excellent communication skills, and the ability to work collaboratively with cross-functional teams Support insurance renewal efforts by collecting and packaging data for submission, working closely with internal stakeholders and external partners Partner with stakeholders as required to gather information through data mining, aggregation, and summarization for insurance, claims management or other needs as requested Review and verify final premium variance and trend analyses versus prior periods using available data to highlight the changes in the programs. Such analyses shall be inclusive of all taxes and method and frequency of billing, and any changes in program terms and conditions Obtain, review and file copies of all insurance binders, policies and endorsements, including supporting data Assist with ongoing program administration and support, including formally notifying underwriters with policy additions and deletions stemming from acquisitions, divestitures or new/closing locations Obtain and provide Certificates of Insurance to necessary parties on a timely basis, and keep accurate records of all such certificates and notices provided to 3rd parties Maintain, update, and create necessary documentation to support the risk management department Maintain insurance exposure databases, manage policy audits, and handle claims Identify and implement process improvements to enhance the efficiency and effectiveness of risk management functions Process, track and allocate insurance-related invoices and expenses and recommend process improvements to reduce costs Analyze insurance premium invoices and assist in cost-center charges and charge outs of program expenses to subsidiaries. Facilitate the local billing of premium within underwriter network and remediate invoice errors or amounts that may otherwise become past due. Generate innovative suggestions that improve performance and contribute to the overall success of the risk management department

Disclaimer:

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of employees assigned to this position. Avantor is proud to be an equal opportunity employer.

Why Avantor?

Dare to go further in your career.

Join our global team of 14,000+ associates whose passion for discovery and determination to overcome challenges relentlessly advances life-changing science.

The work we do changes people's lives for the better.

It brings new patient treatments and therapies to market, giving a cancer survivor the chance to walk his daughter down the aisle. It enables medical devices that help a little boy hear his mom's voice for the first time. Outcomes such as these create unlimited opportunities for you to contribute your talents, learn new skills and grow your career at Avantor.



We are committed to helping you on this journey through our diverse, equitable and inclusive culture which includes learning experiences to support your career growth and success. At Avantor, dare to go further and see how the impact of your contributions set science in motion to create a better world.

Apply today!

EEO Statement:

We are an Equal Employment/Affirmative Action employer and VEVRAA Federal Contractor. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state/province, or local law.


If you need a reasonable accommodation for any part of the employment process, please contact us by email at recruiting@avantorsciences.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.

3rd party non-solicitation policy:

By submitting candidates without having been formally assigned on and contracted for a specific job requisition by Avantor, or by failing to comply with the Avantor recruitment process, you forfeit any fee on the submitted candidates, regardless of your usual terms and conditions. Avantor works with a preferred supplier list and will take the initiative to engage with recruitment agencies based on its needs and will not be accepting any form of solicitation