Jobs › Companies › ONEOK › Risk Analyst I

About this Risk Analyst I role at ONEOK

ONEOK · Onsite · Tulsa, OK

#WeAreONEOK – Fortune 500 company. 100+ years in business. Leading midstream service provider. Safety first. Sustainable operations. Environmentally responsible. Employee focused.

JOB SUMMARY

This position supports the Risk and Insurance team in administering insurance and risk-management activities. Key responsibilities include assisting with risk evaluation and transfer, managing routine claims and stakeholder communications, maintaining renewal, budgeting, forecasting, and certificate-tracking data, analyzing insurance requirements, and reviewing contract language and coverage.

Job Profile Summary

This position is under supervision to perform functions that support the Corporate Risk Manager, Risk Analyst II and Risk Analyst III.

Essential Functions and Responsibilities

  • Responsibilities may include, but are not limited to, the following:
    • Determines insurable values
    • Evaluate insurance agents and brokers
    • Responsible for supporting the Manager and Risk Analyst II and III in evaluating proper risk acceptance, avoidance, or transfer
  • Administers routine claims including third-party, workers’ compensation, non-litigated, or environmental claims in addition to subrogation claims on behalf of ONEOK against third-parties
  • Coordinates and directs communication between the third-party administrator, outside counsel, in-house counsel, and management
  • Maintain data/statistics/worksheets to support renewal submissions
  • Assumes responsibility for maintaining cost center worksheets for budgeting and forecasting
  • Maintain insurance certificate tracking systems and work with vendors to ensure the process is providing the information and data required
  • Assumes responsibility for calculating, compiling, preparing, information and reports including but not limited to risk and insurance statistics, budgets and trends analysis/survey data
  • Analyze requested exceptions to establish limits/coverage parameters for Certificates of Insurance issued to customer base or received from contractors or outside vendors
  • Review third party contract insurance language requirements confirming coverage in place, limits required, specialized wording endorsements

Education

  • Bachelor's Degree in business, finance, other related field with previous experience performing risk management functions, or an equivalent combination of formal education and the following job-related experience (minimum 2 - 3 years insurance industry related):

Work Experience

  • Experience in a risk and insurance department or an insurance brokerage firm.
  • Experience in reviewing insurance policies and contracts.
  • Experience in the use of office equipment and software programs including but not limited to Excel, Word and Power Point.
  • Limited experience reading and interpreting third party service contracts, governmental regulations and statutes, insurance applications, manuals and professional and trade journals

Knowledge, Skills and Abilities

  • Ability to: apply math and statistical computations
  • Ability to: communicate with, staff and employees of the department as well as employees and staff of other internal departments
  • Ability to: develop information and preparing formal presentations
  • Ability to: formulate responses to audits involving various property and casualty insurance policies

Licenses and Certifications

  • Working to complete Charter Property and Casualty Underwriter (CPCU) preferred or
  • Associate in Risk Management (ARM) preferred or
  • Certified Insurance Counselor (CIC) preferred

Strength Factor Rating - Physical Demands/Requirements

  • Sedentary Work - Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time, but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.

Strength Factor Description - Physical Demands/Requirements

  • Standing: Remaining on one's feet in an upright position at a work station without moving about (Occasionally)
  • Walking: Moving about on foot (Frequently)
  • Sitting: Remaining in a seated position (Constantly)
  • Lifting: Raising or lowering an object from one level to another (includes upward pulling) (Occasionally)
  • Carrying: Transporting an object, usually holding it in the hands or arms, or on the shoulder (Occasionally)
  • Pushing: Exerting force upon an object so that the object moves away from the force (Occasionally)
  • Pulling: Exerting force upon an object so that the object moves toward the force (includes jerking) (Occasionally)
  • Climbing: Ladders, Stairs (Occasionally)
  • Balancing: Maintaining body equilibrium to prevent falling (Occasionally)
  • Stooping: Bending the body downward and forward by bending the spine at the waist (Occasionally)
  • Kneeling: Bending the legs at the knees to come to rest on the knee or knees (Occasionally)
  • Crouching: Bending the body downward and forward by bending the legs and spine (Occasionally)
  • Crawling: Moving about on the hands and arms in any direction (Occasionally)
  • Reaching: Extending hands and arms in any direction (Constantly)
  • Handling: Seizing, holding, grasping, turning or otherwise working with the hand or hands (Manual Dexterity) (Constantly)
  • Fingering: Picking, pinching or otherwise working with the fingers primarily (Finger Dexterity) (Constantly)
  • Feeling: Perceiving such attributes of objects/materials as size, shape, temperature, texture, movement or pulsation by receptors in the skin, particularly those of the finger tips (Constantly)
  • Talking: Expressing or exchanging ideas/information by means of the spoken word (Frequently)
  • Hearing: Perceiving the nature of sound by the ear (Frequently)
  • Tasting/Smelling: (Occasionally)
  • Near Vision: Clarity of vision at 20 inches or less (Constantly)
  • Far Vision: Clarity of vision at 20 feet for more (Frequently)
  • Depth Perception: Three-dimensional vision; ability to judge distances and spatial relationships so as to see objects where and as they actually are (Frequently)
  • Vision: Color - The ability to identify and distinguish colors (Constantly)

Working Conditions/Environment

  • Employee is subject to inside environmental conditions

Working Conditions

  • Well lighted, climate controlled areas (Constantly)
  • Frequent repetitive motion (Constantly)
  • CRT (Computer Monitor(s)) (Constantly)

Travel

  • Travel in and around office facilities system wide.

Driving

  • Based on assigned tasks, employee may be assigned a company vehicle requiring the applicable driver's license

ONEOK is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, sex, pregnancy, sexual orientation, age, religion, creed, national origin, gender identity, disability, military/veteran status, genetic information or any other categories protected by applicable law.


The job description is not intended to be a complete list of all responsibilities, duties or skills required for the job and is subject to review and change at any time, with or without notice, in accordance with the needs of ONEOK.


ONEOK is committed to making our workplace accessible to individuals with disabilities and will provide reasonable accommodations, upon request, for individuals to participate in the application and hiring process. To request an accommodation email [email protected] or call 1-855-663-6547​.


Expected Salary Range

$71,000.00 - $107,000.00
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How this Risk Analyst salary compares

This role pays $89,000/yr — below the typical range for Risk Analyst roles.

$75,350 median $130,000 $200,000

Typical range $97,438–$162,500/yr, from 651 comparable Risk Analyst listings on JobsRadar (pay annualized to USD). See Risk Analyst salary insights →

About ONEOK

At ONEOK (NYSE: OKE), we deliver energy products and services vital to an advancing world. We are a leading midstream operator that provides gathering, processing, fractionation, transportation, storage and marine export services. Through our approximately 60,000-mile pipeline network, we transport the natural gas, natural gas liquids (NGLs), refined products and crude oil that help meet domestic and international energy demand, contribute to energy security and provide safe, reliable and responsible energy solutions needed today and into the future. As one of the largest integrated energy infrastructure companies in North America, ONEOK is delivering energy that makes a difference in the li

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