DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 900 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.

As a Commercial Insurance Specialist, you’ll be a member of our global procurement team that is responsible for managing the full procurement lifecycle across a wide variety of assets and programs.  In this role, you’ll administer all property & casualty insurance programs for the firm and perform some miscellaneous general contracts administration for other services as needed.

What you’ll do:

  • Manage all Property & Casualty insurance programs/contracts; set appropriate limits and coverages, competitively bid and negotiate insurance-specific renewals and administer insurance claims
  • Review proposed contracts for Property & Casualty insurance and recommend changes in coverage and terms as necessary; work with business stakeholder to determine coverage needs
  • Provide guidance to business stakeholders on appropriate limits, coverage terms and risks; review and approve insurance terms in business contracts
  • Work with field operations team to ensure appropriate safety measures are in place and provide ongoing support
  • Maintain and distribute certificates of insurance as needed
  • Monitor status of all claims and potential claims
  • Process requests to add, cancel or change covered locations/assets
  • Develop and present cost/benefit analysis and reporting to management
  • Negotiate favorable terms and pricing on new contracts and contract renewals
  • Present negotiated options to business stakeholders and make recommendations
  • Manage and develop key vendor/brokerage relationships
  • Process new contract requests, in conjunction with Legal and Purchasing teams
  • Document business terms accurately in contract management system
  • Work closely with Accounting team to validate invoices and cost allocations

What we’re looking for:

  • 2+ years of experience administering Property & Casualty insurance programs in a business setting
  • Strong understanding of claims management and processes
  • Strong knowledge of insurance lines (Property, General Liability, etc.)
  • Strong negotiation skills
  • Proficiency in Excel; Tableau experience is a plus
  • Bachelor’s Degree
  • Strong organizational and time management skills; superior attention to detail
  • Excellent written and verbal communication skills
  • Ability to work effectively in a fast-paced, dynamic work environment
  • Exceptional analytical thinking and problem solving skills

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