RISK ANALYST

JOB ANNOUNCEMENT

Risk Analyst

Department of Finance

Risk Management Division

Number of Positions: 1

(Additional vacancies possible pending budget approval)

Salary: $67,656.00 annually

Applications for this position will be accepted until 11:59 pm CDT on May 27, 2025.

Under general supervision, assists in administering the City's property and casualty insurance program, and performs related duties as required.

ESSENTIAL DUTIES

* Develops insurance requirements for contracts.

* Reviews and approves certificates of insurance to ensure compliance.

* Develops renewal specifications.

* Reviews binders and insurance policies to ensure accordance with specifications.

* Researches and analyzes the City's property and casualty losses including loss frequencies and possible loss reductions.

* Secures and maintains underwriting data for projects requiring insurance coverage.

* Assists departmental representatives in obtaining proper insurance coverage, interprets risks involved and legal requirements, and recommends alternative financing mechanisms.

* Drafts insurance specifications and assists in developing programs to maximize the City's coverage.

* Develops contractor insurance requirements.

* Reviews and updates insurance policies, analyzes coverages, and makes recommendations.

* Reviews the bonds, certificates, and related policies of establishments applying for City business licenses for appropriate levels of insurance coverage.

* Maintains operational records and prepares work reports.

* May provide technical support and coordinate special projects.

Additional duties may be required for this position.

Location: 2 N. LaSalle St., Floor 13, Chicago, IL 60602

Days: Monday through Friday

Hours: 8:30 AM to 4:30 PM

THIS POSITION IS EXEMPT FROM THE CAREER SERVICE

Graduation from an accredited college or university with a bachelor's degree or higher in business administration, public administration, or a directly related field, plus one (1) year of experience in the administration of insurance programs, or an equivalent combination of education, training and experience.

SELECTION REQUIREMENTS

This position requires applicants to complete an interview. The interviewed candidate(s) possessing the qualifications best suited to fulfill the responsibilities of the position will be selected.

For Information on our employees benefits please visit our benefits website at:

https://www.chicago.gov/city/en/depts/fin/benefits-office.html

For Information on our salary and title structure visit our classifications website at:

https://www.chicago.gov/content/dam/city/depts/dhr/supp_info/JobClassification/2025_Classification_and_Pay_Plan.pdf

APPLICATION EVALUATION: Initial evaluation will be based on information provided on the application and the documents submitted. Department of Human Resource staff will review applications after the final posting date. Staff will follow any and all required Employment/Hiring Plan provisions, federal, state and local laws, and Collective Bargaining Agreements when applicable. Staff will apply hiring preferences as required by the municipal code. Placement on an eligibility list is not an offer or guarantee of an interview nor employment with the City of Chicago.

COMMITMENT TO DIVERSITY: To further our commitment to hiring applicants with diverse experience the City of Chicago has adopted the following ordinances 2-74-020 and 2-74-075. The ordinances provide a preference to applicants who meet minimum qualifications and who are veterans of the Armed Forces, and/or residents of Socio-Economically Disadvantaged Areas (SEDA) and/or Chicago Public School (CPS) high school graduates to be referred to departments for consideration. These hiring preferences do not apply to bidders, as Collective Bargaining Agreements define the hiring process for bidders. For positions covered by a collective bargaining agreement, bidders will be considered before external candidates. To learn more about our hiring practices click here.

ALL REFERENCES TO POLITICAL SPONSORSHIP OR RECOMMENDATION MUST BE OMITTED FROM ALL APPLICATION MATERIALS SUBMITTED FOR CITY EMPLOYMENT.

The City of Chicago is an Equal Employment Opportunity, Military Friendly, and Fair Chance Employer.

City of Chicago

Brandon Johnson, Mayor