Lead Risk Management Analyst

1 week ago


Indianapolis, Indiana, United States Cummins Inc. Full time

Position: Lead Risk Management Analyst at Cummins Inc.

Cummins Inc. is seeking a proficient Lead Risk Management Analyst to enhance their Finance division, focusing on the Corporate/CBS sector.

Key Responsibilities:

  • Collaborate with captive administrators, actuaries, and consultants to deliver technical insights and assistance on financial dealings and claims-related issues for the captive and risk management unit.
  • Offer analytical support for both domestic and international insurance initiatives, encompassing Property, Marine, General Liability, Professional Liability, Crime, Auto, Products Liability, and Employers Liability.
  • Develop intricate and interpretative financial analyses and reports.
  • Oversee captive financial components, including monthly and annual financial reporting, investment strategies, tax obligations, and service level agreements.
  • Track renewal advancements and premium allocations by lines in conjunction with Global Risk Managers.
  • Manage cash flow operations, including payment authorizations.
  • Coordinate the collection and evaluation of data by coverage line to support actuarial loss assessments for policy renewals and budget planning.
  • Engage in routine claim assessments and analyses, including monthly reporting for captive insurance entities, quarterly evaluations of significant claims with the Claims team, and interactions with third-party claims administrators.
  • Conduct thorough analysis and supervision of various substantial property and casualty claims; execute trend analysis and monitoring of claims.
  • Organize and lead captive meetings, which include the annual Board of Directors meeting, quarterly Advisory Committee sessions, and finance reviews.
  • Administer financial transactions related to acquired group captive insurance programs and run-off insurance initiatives; oversee internal communications and track the performance of third-party captive administrators.


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