Risk Analyst

The Mission of The MEMIC Group is to make workers' comp work better with compassion, trusted partnerships, and relentless commitment to workforce safety. The secret to the success and longevity of great organizations is their shared vision and strong values. At MEMIC our values are to be conscientious, to be an expert, to be a partner, to be curious and to be transparent.

The Risk Analyst contributes to the overall financial analysis and data integrity of the MEMIC Group by utilizing technical skills and data analytics to assist the organization in mitigating risk and accurately analyzing and reporting on financial information. Responsibilities include creating and maintaining decision-support data models, building and updating information dashboards, assisting with third-party data requests and ad hoc reporting requests, and working to streamline the departments’ various data collection and analysis processes.   

• Supports data input on business models, risk management and forecasting tools to aid Senior Management in financial decision making and risk management.
• Supports, maintains and develops interactive business dashboards and other reporting and decision support solutions to effectively communicate complex financial and risk-related information to internal stakeholders as well as external regulatory agencies.
• Assists in updating, modifying and streamlining existing modeling and forecasting practices by collecting data, analyzing business results, transferring data into new formats, creating new or experimental frameworks to collect data, building tools to automate data collection and searching through large data sets for usable information.
• Provides support for various internal and external data projects and processes, including but not limited to the external actuarial review, the annual reinsurance contract renewal, and the annual review by the company’s regulatory rating agency.
• Documents data sources and data analysis methodology to aid in business continuity efforts and ensure that all data provided by the Risk and Finance departments is consistent, accurate and appropriately sourced.
• Assists in automating and streamlining recurring Risk department processes, including but not limited to control testing, business continuity planning, and risk register maintenance and updating.

Requirements:

• Bachelor’s Degree, with concentration in Accounting, Finance, Economics, Risk Management or Mathematics preferred, and 1-3 years of relevant work experience, or an equivalent combination of work and education experience.
• Sound understanding of data procurement and analysis procedures, strong analytical skills, and the ability to take initiative on projects requiring communication with various internal stakeholders.
• Strong interpersonal, written, and verbal communication skills at all levels across the organization, including the ability to effectively communicate complex data processes and results to a diverse audience.
• Strong time management skills and the ability to work both independently and in collaboration with multiple teams.
• Proficient in Microsoft Office, including advanced Excel skills (complex functions, macros, data tools, etc.) and experience building PowerBI dashboards.
• Experience with financial modeling, forecasting and variance analysis preferred.
• Knowledge of programming languages like SQL, Python, R, and Scala preferred.
• Familiarity with business intelligence and analysis tools (e.g. Tableau, @Risk) preferred.

Our comprehensive benefits package includes all traditional offerings such as:

• Health Insurance options, Dental Insurance options and Vision Insurance
• Employee Life Insurance/AD&D and Dependent Life Insurance options
• Short-term & Long-term Disability
• Health Savings Account with potential employer match
• Flexible Medical and Dependent Care Account
• Accident Insurance
• Critical Illness Insurance
• Employee Assistance Program
• Legal/Identify Theft Insurance options
• Long Term Care Insurance
• Pet Insurance
• 401 (k) Retirement Plan with match up to 5%, plus profit sharing & discretionary contributions (subject to vesting)
• 5 weeks of Paid Time Off (PTO)
• 7 paid holidays

We also offer other benefits to help foster a healthy, balance lifestyle such as:

• Flextime schedules
• Paid Parental Leave
• Student loan paydown and refinancing assistance
• Educational assistance for job related courses, seminars, certifications or degrees
• One paid day every year to volunteer for your non-profit of choice
• On-site fitness center (Maine & Virginia) or fitness reimbursement
• Subsidized parking
• Sit-Stand desks & daily stretch breaks

MEMIC is committed to a policy of nondiscrimination and equal opportunity for all employees and qualified applicants without regard to race, color, religious creed, national origin, ancestry, age, disability, genetics, gender identity, veteran's status, sexual orientation, or any other characteristic protected by law. MEMIC is an equal opportunity employer encouraging diversity in the workplace. 

MEMIC is a safety company; therefore we require all employees to be fully vaccinated for COVID-19, unless an employee is allowed an exemption from this requirement due to a reasonable accommodation for legally protected medical or religious reasons.