PRINCIPAL RISK ANALYST - Metropolitan Transportation Authority

Metro’s mission is to provide a world-class transportation system that enhances the quality of life for all who live, work, and play within LA County.

Description

This position will perform complex risk management work and monitor procurement and contract insurance requirements in compliance with Risk Management Policies and Programs. 

Examples of Duties

• Serves as Project Leader on the Risk Management Information Systems function, including selection of hardware/software, configuration, maintenance, and technical training.
• Provides technical and business support for the Workers' Compensation and General Liability claims computer systems, including day-to-day functionality, mandatory federal and state reporting, and systems upgrades
• Performs requirements analyses and feasibility studies, and prepares project proposals for the development, enhancement, and maintenance of an information system specific to Risk Management functions
• Assesses training needs and develops training and support program for internal and external users of the Risk Management Public Liability/Property Damage and Workers' Compensation claims systems
• Acts as Project Leader on critical technical, financial, and operating projects to ensure they are completed according to deadlines and standards.
• Implements regulatory and statistical reporting of safety, public liability/property damage, and workers' compensation
• Develops the fiscal year budget for the department expenditures and agency claims reserves
• Oversees preparation of actuarial studies of loss reserves, funding analysis, and recommendations for reserve valuation for the Workers' Compensation and General Liability programs
• Develops complex statistical and analytical reports on risk management issues, including development of forecasting models
• Performs explanatory data analyses, prepares and analyzes historical data, identifies patterns, and makes recommendations to assist management with decision making
• Contributes to ensuring that the Equal Employment Opportunity (EEO) policies and programs of Metro are carried out

  
  May be required to perform other related job duties

Minimum Qualifications

A combination of education and/or experience that provides the required knowledge, skills, and abilities to perform the essential functions of the position. Additional experience, as outlined below, may be substituted for required education on a year-for-year basis. A typical combination includes:

Education

• Bachelor's Degree in Actuarial Sciences, Statistics, Accounting, Economics, Business Administration or a related field; Master's Degree in a related field preferred

Experience

• Five years of relevant experience performing risk financing, actuarial studies, financial accounting, insurance analysis, or contract claims management; or working with risk management information systems or property and liability insurance claims analysis; some positions in this class may require specialized experience in area of assignment; project lead experience preferred

Certifications/Licenses/Special Requirements

• A valid California Class C Driver License or the ability to utilize an alternative method of transportation when needed to carry out job-related essential functions

• Experience mitigating loss of risk exposures in major construction activities and robust programs of insurance
• Experience supporting insurance program placement including coordinating exposure data, working with stakeholders, and preparing underwriting specifications and coverage requirements
• Experience developing risk management and insurance coverage reports and presentations to educate and inform internal and external audiences  
• Experience developing, negotiating, and monitoring compliance of insurance requirements during major highway, light rail, heavy rail, or related construction projects
• Professional designations in insurance or related areas

Essential Knowledge

Knowledge of (defined as a learned body of information that is required for and applied in the performance of job tasks)

• Theories, principles, and practices of risk management and risk financing
• Actuarial principles, practices, and procedures
• Theories, principles, and practices of budgeting, contract, and project management
• Applicable local, state, and federal laws, rules, and regulations related to workers' compensation and general liability
• Applicable software applications, including relational database systems
• Capabilities and practices of large-scale computer systems and database management systems

Skill in (defined as the proficient manual, verbal, or mental utilization of data, people, or things)

• Overseeing diverse risk management functions in a complex, multi-purpose insurance program environment
• Performing complex statistical, financial, actuarial, and contract insurance analyses
• Preparing comprehensive proposals, contracts, reports, and correspondence
• Assuming a project management role on major projects
• Analyzing situations, identifying problems, recommending solutions, and evaluating outcomes
• Exercising sound judgment and creativity in making decisions
• Communicating effectively orally and in writing
• Interacting professionally with various levels of Metro employees and external vendors
• Negotiating and mediating resolution of issues

Ability to (defined as a present competence to perform an observable behavior or produce an observable result)

• Compile and analyze complex workers' compensation and PL/PD claims data
• Perform work administering comprehensive risk management insurance programs
• Interpret and apply actuarial study data
• Oversee a Risk Management Information System function
• Provide guidance to other department staff on information system projects and programs
• Establish and maintain complex recordkeeping systems
• Understand and apply rules, regulations, policies, and procedures to contracts
• Establish and implement policies and procedures
• Read, write, speak, and understand English

Special Conditions

The physical demands described are representative of those that must be met by the employee to successfully perform the essential functions of this job. Metro provides reasonable accommodation to enable individuals with disabilities to perform the essential functions.

Working Conditions

• Typical office situation
• Close exposure to computer monitors and video screen

Physical Effort Required

• Sitting at a desk or table
• Operate a telephone or other telecommunications device and communicate through the medium
• Type and use a keyboard and mouse to perform necessary computer-based functions
• Communicating through speech in the English language required

Metro is an Equal Opportunity Employer and does not discriminate on the basis of race, color, creed, ancestry, national origin, gender, marital status, sexual orientation, religion, age, veteran status, or disability. Learn more about Metro’s Equal Employment Opportunity Program. Metro does not deny participation in the application process to anyone with prior justice system involvement, in line with Fair Chance hiring practices.

Selection Procedure

Applicants who best meet job-related qualifications will be invited to participate in the examination process that may consist of any combination of written, performance, or oral appraisal to further evaluate job-related experience, knowledge, skills and abilities.

Application Procedure

To apply, visit Metro's website at www.metro.net and complete an online Employment Application.

Computers are available to complete online Employment Applications at the following Metro location:

METRO Headquarters, Employment Office
One Gateway Plaza
Los Angeles, CA 90012

Telephone: (213) 922-6217 or persons with hearing or speech impairments can use California Relay Service 711 to contact Metro.

All completed online Employment Applications must be received by 5:00 p.m. on the closing date.  Late applications will not be considered.

*Open to the public and all Metro employees

This job bulletin is not to be construed as an exhaustive list of duties, responsibilities, or requirements. Employees may be required to perform other related job duties.