Sr. Insurance Analyst (Risk Management) at T. Rowe Price in Owings Mills, Maryland

Job Description:

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

The Senior Insurance Analyst is responsible for the coordination and management of various corporate insurance programs within the firm based on the firm’s risk tolerance, as well as compulsory, client and supplier requirements. The Analyst will work closely with various T. Rowe Price entities, insurance brokers and insurance carriers.  The Senior Analyst will identify and recommend coverage for new or evolving insurable risks for the firm and/or related to our investment products.

Responsibilities:

• Oversee insurance renewals or new placements based on the applications, evaluate  whether a  new insurance coverage or policy is needed or whether any changes should be made to existing coverages and/or limits based on strategic needs of the business and/or developments in the insurance market.  Assist with allocating the premiums among insureds and when appropriate presenting to various Boards and Management.




• Lead discussions to develop  others’ skills and knowledge  related to risk and insurance firmwide. Facilitates discussions with our insurance brokers and carriers regarding our insurance needs. Acts as a subject matter expert in insurance to help the business and management assess the residual risk after insurance and/or when insurance is not available.




• Responsible for working with the business and reviewing RFPs and contracts that contain insurance provisions to ensure that the requirements align with existing insurance programs; negotiate insurance requirements with vendors, landlords and clients; assess the impact to insurance coverage with changes in business processes/controls.




• Manages the insurance inventory and various insurance trackers (fund changes, tangible asset developments, facility projects, lease changes, metrics, renewal status, etc.). Ensures timely analysis to enable the review of this content for various internal and Fund Board reporting.




• Responsible for monitoring the progress and results of insurance renewals, including planning and holding the underwriting meetings when necessary.




• Refines and maintains insurance renewal policies, procedures, and application templates.

Qualifications:

Preferred:

• Advanced degree with a focus of risk management, insurance and/or finance




• Experience with insurance policies covering investment management firms, preferably global asset management




• Experience with private equity and/or private credit fund risk/insurance coverages, including joint ventures, real assets, etc.




• Proficient with Microsoft Suite products




• Strong oral and writing skills




• Strong analytical/problem solving skills, attention to detail




• Ability to interact effectively and work in partnership with a diverse group of internal and external contacts.

Required:

• Bachelor's degree or the equivalent combination of education and relevant experience AND




• 8+ years of total relevant work experience

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

Work Flexibility

​The team supports a 3 day in the office/2 day remote work schedule.

Base salary ranges:

$132,000.00 - $225,000.00 for the location of: California, New York
$116,000.00 - $198,000.00 for the location of: Washington, D.C
$105,500.00 - $180,000.00 for the location of: Colorado, Maryland, Washington and All other US locations

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.  Base salary is only one component of our total compensation package.  Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion:

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

Benefits: We invest in our people through a wide range of programs and benefits, including:

• Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions


• Flexible work opportunities


• Health care benefits (medical, dental, vision)


• Tuition assistance


• Wellness programs (fitness reimbursement, Employee Assistance Program)

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.

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