Risk Analyst II

The Risk Analyst II supports the functions of the group in the placing and administration of insurance programs, including the Owner Controlled Insurance Program (OCIP), for Howard Energy Partners and affiliated companies with a focus on accurate financial reporting, cost allocation, and effective program execution in coordination with Risk Management, Accounting, and Operations teams.

Duties/Responsibilities:

• Administers insurance related accounting functions, including annual budgeting, cost allocation, invoice processing, and forecast to actual variance analysis, ensuring accuracy and alignment with internal controls.


• Supports the administration of the OCIP’s by guiding contractors through enrollment, ensuring required documentation is completed, assisting with monthly payroll reporting, coordinating with third party administrators (TPAs) on claims, and supporting the preparation and distribution of periodic ROCIP reports.


• Supports insurance program administration and renewals for all insurance policies and programs across HEP and its subsidiaries, including preparation of underwriting information, coordination with insurance carriers, and analysis of coverage structures and limits.


• Coordinates with Operations and Engineering teams by planning and conducting site visits at HEP asset locations and maintaining effective communication to facilitate timely and accurate reporting.


• Supports claims management activities coordinating with the Legal Department and insurance carriers through claim resolution, and managing auto claims with third party carriers and repair vendors.


• Provides collateral and surety program support by assisting with the procurement and renewal of surety bonds required for HEP operations and administrative functions, in coordination with brokers and surety representatives.


• Performs other related duties as assigned.

Required Skills/Abilities: 

• General knowledge of insurance and risk management concepts, including common lines of coverage, claims processes, deductibles/retentions, and insurance program administration.


• Accounting and financial analysis skills, with the ability to support insurance program budgeting, cost allocation, invoice processing, and variance analysis.


• Proficiency in Microsoft Excel, including use of formulas, data reconciliation, and cost allocations.


• High attention to detail and accuracy, particularly when working with financial data, insurance documentation, and reporting requirements.


• Effective communication skills, with the ability to work cross functionally with Accounting, Risk Management, Legal, Operations, and external partners such as insurers and third-party administrators.

Education and Experience:

• Bachelor’s degree in a relevant field preferred


• 2+ years of accounting and/or risk management/insurance experience

Certifications:

• None required

Physical Demands and Hazards for Office Employees:

This position requires prolonged periods of sitting, frequent computer use, occasional lifting of office supplies, and may involve travel. 

Howard Energy Partners is an equal opportunity employer. If you need additional information, have questions, or need accommodations, please reach out to the Human Resources department at [email protected].