Risk Management Analyst
Federal-Mogul Corporation - Southfield, MI

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Global Risk Management Responsibilities:
' Assist with Global Risk Management Budget and develop allocation process by location ' analyze year over year changes and provide variance analysis

' Develop and maintain worldwide statement of values by location including additions and deletions of plants, including implementing quarterly reporting which will be supervised by Manager, Global Risk Management and Reorganization ' analyze year over year changes and explain variances

' Prepare submission detail for insurers; pull data from various applications and analyze year over year changes

' Monitor and maintain global risk management files and databases

' Track all annual renewal policies and file appropriately including submission data and other relevant

policy correspondence

' Update Schedules of Insurance, coverage summaries and schematic and post to Internal Intranet Site;

maintain Global Risk Management Sharepoint site for Foreign Insurance Coverage

' Review, verify and set up payment for all risk management department invoices, work with accounting

to ensure amounts are properly recorded on balance sheet and income statement

' Work on insurance certificate requests in conjunction with brokers and field operations

' Work on auto ID cards with the broker

' Assist with documenting SOX process

' Prioritize loss control recommendations and analyze cost benefit analysis; summarize AR's associated with loss control improvements

' Schedule and run various e-Carma Risk Management Information Systems (RMIS) reports for analysis and input to Power Point presentations at direction of Manager or Director on a quarterly basis, including ad hoc reporting as necessary

' Treasury administrative and compliance activities; inter-company loans, SOX, bank covenant compliance, borrowing base compliance

Asbestos and Plan of Reorganization Compliance:
' Process fees and expenses for United States Asbestos Trust

' Prepare monthly bill to United States Asbestos Trust

' Work with United States Trust Auditors to reconcile any outstanding issues

' Reconcile Asbestos Trust Recoverable accounts

' Collect billings from internal people to bill to United States Trust

' Track Asbestos billings and expenses for management

Bankruptcy Compliance:
' Process and prepare monthly bankruptcy invoices

' Prepare monthly accrual reconciliation & submit monthly number to Accounting

' Prepare monthly expense report ' compare to Hyperion and SAP accounts

' Assist with yearly budget process and forecasting R&O's for department

' Determine quarterly US Trustee fee and arrange payment

' Prepare monthly accrual for professional fees

' Prepare all required financial reporting for bankruptcy and asbestos group

' Oversee Bankruptcy Data Room and historical Archives and coordinate record retention

' Update SOX procedures as required

Requirements:
Bachelors degree or equivalent in Finance or Accounting. Financial background mandatory with strong understanding of general ledger accounting and analytical skills.

' Minimum of 2 ' 5 years experience in finance or accounting required

' Ability to manage multiple projects simultaneously, set priorities, meet deadlines and work in unstructured environment

' Strong analytical and financial skills with understanding of accounting processes

' Strong attention to financial detail and ability to analyze large volumes of data accurately and efficiently explaining variances

' Strong team work ethic

' Sound judgment and ability to seek advice when needed to ensure proper handling of matters

' Strong computer skills including Excel, PowerPoint, Word, Hyperion and SAP preferred

' Strong planning and organizational skills

Federal-Mogul Corporation - 19 months ago - save job - block
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About this company
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For Federal-Mogul, the sum of the parts is greater than the whole. The company makes components used in cars, trucks, and...