Sr. Risk Analyst

Littelfuse is one of America's Best Mid-Sized Companies (Forbes) and has been named one of the Best Places to Work in Illinois (Best Companies Group) for 11 consecutive years. With its global headquarters in Chicago, Illinois, USA, Littelfuse is a leading, global manufacturer of electronic components serving more than 100,000 end customers across industrial, transportation, and electronics end markets. We have more than 17,000 employees with operations in 15 countries. From semiconductors to sensors... switches to fuses and more... we produce billions of electronic components that help our customers empower a sustainable, connected, and safer world. In 2021, Littelfuse had net sales of $2.1 billion.

As a Senior Risk Management Analyst, you will take the lead in handling a wide variety of insurance functions and oversee the day-to-day activities of the Risk Management department. This role will routinely interface with insurance brokers, risk management vendors, consultants, and various internal stakeholders. You will report to the Manager, Risk Management.

About the Job:

• Collect and confirm exposure data for renewal submissions, including property values and documentation of plant expansions and interdependencies.
• Partner with the Manager, Risk Management in placing property and casualty insurance programs and take the lead on some insurance lines.
• Conduct financial analysis for insurance renewals, develop global insurance budgets, track spending, and manage forecasting, allocations, accruals, and accounting true-ups.
• Work with Excel and RMIS systems, ensuring data integrity and developing meaningful dashboard reports.
• Manage insurance functions such as coordinating Workers' Compensation state filings, policy reviews, and annual audits.
• Oversee outgoing certificates of insurance and assess exceptions to insurance requirements in contracts and leases.
• Support M&A due diligence efforts as needed.
• Assist with property and casualty claims handling and tracking, working with internal and external stakeholders.
• Review, revise, and develop policies and procedures focused on continuous improvement.
• Maintain the Risk Management internal website and insurance summaries while utilizing internal systems like SAP.

About You:

• Bachelor's degree required, preferably in Business or Finance.
• 4-10 years in risk management or insurance, ideally within Corporate Risk Management.
• Strong analytical, financial, and problem-solving abilities to navigate complex business and technical challenges.
• Proficiency in Excel (pivot tables), Word, PowerPoint, and RMIS systems.
• Excellent communication skills to effectively engage with all levels of management, including the C-suite.
• Ability to operate independently, manage competing priorities, and provide well-informed recommendations.

Littelfuse strives to empower associate growth and development in a culture of ongoing collaboration and respect for diverse global perspectives and expertise. Our Core Values - Customer Focus, Teamwork, Results-Driven, Integrity, and Innovation - support us in our mission to improve the safety, reliability, efficiency, and performance of our customers' products and systems.

We are an equal opportunity employer committed to providing every associate with the means and courage to make a difference - everywhere, every day.

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Salary Range:
$84,400 - $130,780
The salary offered will vary depending on your location, job-related skills, knowledge, and experience.