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Risk and Insurance Analyst

Company Name:  Lyondell Chemical Company
Location: 

Houston, TX, US, 77010

Req ID:  73690
Facility:  One Houston Center-130
Department:  Insurance Americas
Division:  Finance

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the third consecutive year.

Basic Function

 

This position supports the Global Director, Risk and Insurance and the Manager, Risk and Insurance (US) in the placement and maintenance of global and domestic US insurance programs that protect the company’s balance sheet from financial consequences of a catastrophic loss and facilitate the conduct of business. 

Roles & Responsibilities
  • Collect and organize data for certain US domestic & Global insurance program submissions and assist in insurance program renewals as directed.
  • Prepare models to allocate insurance premium to plant and administrative cost centers according to appropriate accounting methodology. 
  • Prepare, pay and track invoices for payment of US insurance programs. 
  • Serve as primary point of contact with insurance broker on accounting and premium payment issues. 
  • Provide support on coordination, management and negotiation of claims.
  • Prepare the Global insurance budget including the contractor wrap-up insurance program.  Analyze, prepare and implement cost center allocation process and track budget variances.  Primary liaison with Financial Reporting, Manufacturing Accounting and Fixed Cost Budget Coordinators in appropriately allocating insurance costs between corporate entities and cost centers for inclusion in Cost of Goods Sold.  
  • Maintain ERISA insurance policy required for US Pension liability.
  • Maintain third party contractor qualification database, ISNetworld, for insurance related matters and represent Insurance perspective with HSE on matters related to ISNetworld.
  • Liaison with Corporate Tax departments on appropriate accruals of Federal Excise Tax and other independently procured taxes and the proper and timely payment of foreign and domestic taxes due.
  • Coordinate with Cash Ops and manage collateral issues associated with insurance, environmental responsibility, and surety programs
  • Prepare monthly Insurance Cash Forecasts
  • Coordinate program for jurisdictional inspections of boiler equipment to assure compliance with regulatory standards and insurability purposes
  • Responsible for annual reporting to demonstrate financial responsibility per State and Federal environmental requirements for each operating company.  Liaison with corporate HSE function and Controller on financial assurance issues.  
  • Maintain Pollution Legal Liability policy for Environmental Financial Responsibility.
  • Coordinate the preparation of Unmodified Gross Asset report for OIL by compiling information and the work of our CPA. 
  • Maintain surety bond program and procure bonds for operating facilities as needed.
Min. Qualifications
  • Requires a Bachelor's Degree (B.S. or B.A.) with major or minor in insurance/risk management, accounting or the energy industry.  
  • Must possess strong interpersonal skills and operate well in a fast-paced team environment.  
  • Requires the ability to quickly learn new software systems.  
  • Must be well organized and experienced in the management of business accounting processes and able to address insurance accounting, premium, tax.
  • Extensive external and internal contact at a variety of levels will require the capability to positively interact with and influence a diverse group of individuals throughout the company and outside the organization with insurance underwriters, brokerage, and claims personnel. 
Competencies
Builds effective teams
Collaborates
Cultivates innovation
Customer focus
Demonstrates courage
Drives results
Ensures accountability
Instills trust and exemplifies integrity

Must be at least 18 years of age and must be legally authorized to work in the United States (US) on a permanent basis without visa sponsorship.

 

LyondellBasell does not accept or retain unsolicited résumés or phone calls and/or respond to them or to any third party representing job seekers.

 

LyondellBasell is an equal opportunity employer.  We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age, veteran status, and other protected characteristics.  The US EEO is the Law poster is available here.


Nearest Major Market: Houston

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