Insurance and Risk

Insurance and Risk - Chicago Central Hybrid 

No relocation needs to live commutable distance from City Center Chicago.

Aon is seeking an insurance professional, early career candidate to be part of Aon's client Risk Management Department in Chicago.

This is a tremendous opportunity for someone looking to grow their insurance experience as well as insurance and risk career!

Work Style: Hybrid - work in the downtown Chicago office 2-3 days a week.

What this job involves:

Education in Risk or Insurance 1 - 5 years of relevant (insurance, brokerage, risk management) experience to assist with corporate General Liability, Auto, Pollution, Aviation, and Umbrella insurance programs, including a captive insurance structure.

A successful applicant will demonstrate an understanding of risk management and insurance programs. They will assist in negotiating contracts and serve as a technical expert for internal teams and business leaders.  This role requires collaboration with teams across the world and may involve occasional travel.

Key Responsibilities:

• Assist with Insurance Program & Renewal process for liability insurance programs.  Participate with group to advise on strategy and market conditions to data analysis and program structuring to optimize coverage, risk retention, and total cost of risk (TCOR).
• Business Partnership & Advisory: As part of the Risk Management Department, be a resource for internal business divisions. Provide expert advice on insurance needs, contractual risk transfer, and indemnity provisions. Explain insurance concepts during client negotiations and present on risk management topics to enhance business-wide understanding.
• Stakeholder & Vendor Relations: Cultivate relationships and partner with external interested parties, including insurance brokers, underwriters, and captive managers, to advocate for the firm's interests and ensure optimal service and program performance.
• Contract Review & Negotiation: Advise on all insurance and risk-related provisions within new and existing client and vendor contracts, ensuring the firm's assets and interests are protected.
• Financial Oversight: Partner with the Finance department on program budgeting, forecasting, allocations, and the timely payment of all related invoices.

Required qualifications:

• Bachelor's degree or equivalent experience in Risk Management, Finance, Business, or a related field.
• Demonstrated ability in risk management, insurance brokerage, or carrier environment.
• Strong analytical skills, with proficiency in Microsoft Excel for crafting charts and graphs.
• Strategic problem solver who pays attention to detail and has excellent communication and presentation skills. Able to explain technical insurance concepts in business terms to many audiences.

Preferred qualifications:

• Professional certifications such as Associate in Risk Management (ARM) or Certified Risk Manager (CRM) or similar.
• Demonstrable experience using and leveraging AI tools to enhance business processes and outcomes is a plus