Insurance Risk Engineer  (R252594)

Role Summary

The Insurance Risk Engineer will lead a global risk reduction program focused primarily on property risk including fire, explosion, equipment, and natural hazard loss prevention. This individual will ensure all Analog Devices facilities meet FM Global engineering standards, achieve Highly Protected Risk (HPR) status where applicable, and comply with regulatory requirements to enhance facility resilience.

As a key member of the Treasury/Insurance team, the Risk Engineer will be based in Wilmington, MA and will serve as the subject matter expert (SME) in loss prevention, fire code compliance, and equipment safety across Analog Devices’ global operations which has key locations in USA, Philippines, Ireland, Malaysia and India. Under limited supervision, this individual will provide technical property consultation to Global EHS & Facilities teams, conduct on-site evaluations, and analysis while collaborating with FM Global and insurance brokers, to drive the implementation of risk mitigation strategies to minimize property losses and optimize insurance coverage.

Essential Responsibilities

Risk Management & Insurance Strategy

• Serve as the primary liaison between Analog Devices, FM Global, and the company’s insurance broker to coordinate risk assessments, drive compliance, and influence underwriting strategies.
• Develop and execute multi-year property risk reduction plans to achieve Highly Protected Risk (HPR) status and ensure continuous improvement in fire protection and loss prevention.
• Perform detailed risk and loss control analysis, identify vulnerabilities, and provide data-driven recommendations to facility teams and senior leadership.
• Coach and assist the production facilities for upcoming property and casualty insurance inspections.
• Coordinate the planning and execution of site surveys in coordination with the Insurance team, local facilities and EHS teams, insurance broker and insurer engineering team.
• Participate in annual property insurance renewal discussions, providing risk insights to ensure optimal insurance coverage and cost efficiency.
• Assist in modeling location values and loss expectancies, and partner across finance, supply chain, and global operations teams to assess the insurance value mitigation provided by Analog’s redundancy planning and swing strategy.

Loss Prevention & Compliance

• Ensure all Analog Devices facilities meet FM Global standards and other applicable regulatory requirements to minimize fire, explosion, and natural hazard risks.
• Oversee and coordinate FM Global site visits and risk engineering evaluations, ensuring sites develop corrective action plans and close all FM recommendations.
• Provide technical support in the development of risk control best practices, field survey guidance and loss estimates.
• Serve as subject matter expert to key internal and external stakeholders on technical questions related to risk control and mitigation for commercial property and general liability.
• Lead post-incident investigations to determine root causes of fires and other property damage events, sharing key learnings across global facilities.
• Develop and implement fire protection and loss prevention guidelines, ensuring standardization and best practices across sites.
• Organizes recommendation data into a format which can easily be presented to management and each facility teams. Prepares and presents reports which outline action plan for improved practices and/or recommendations. Oversees the implementation of each recommendation completion project to ensure quality of work and FM/NFPA/Insurer compliance.

Project Leadership & Capital Planning

• Work with local facilities teams and corporate Treasury to develop plans for each plant to adequately respond to open property risk recommendations and obtain the necessary approvals needed to fund projects that require CapEx. 
• Accurately forecast project budgets, calculate ROI, and manage financial tracking to ensure effective resource allocation.
• Collaborate with Global EHS & Facilities Leaders to integrate fire protection measures into new facility construction and expansion projects.
• Engage with external consultants and engineers on specialized safety topics such as fire code compliance, dust hazard analysis, and explosion safety.

Training & Emergency Preparedness

• Develop and deliver training programs on fire protection, loss prevention, and emergency response for internal teams.
• Partner with Global EHS & Facilities Leaders to enhance Emergency Response Programs and implement human element recommendations (e.g., hot work permits, impairment management).

Qualifications & Experience

Required:

• Bachelor’s degree in Mechanical Engineering, Electrical Engineering or related field from a four year university. 
• Minimum 5-8 years of experience in commercial property loss control and field survey, fire protection engineering, industrial risk engineering, insurance risk assessment, or safety engineering.
• Familiarity with semiconductor fabrication and clean rooms is preferred.
• Excellent understanding of construction material, best practices of construction technologies and building use/occupancy classification.
• General understanding of fire alarm systems and fire suppression systems.
• Expertise in FM Global standards and Highly Protected Risk (HPR) philosophy.
• Strong analytical and project management skills, with the ability to develop risk reduction strategies and capital investment plans.

• Clearly communicate simple and complex ideas, technical issues and solutions.
• Proficient in Microsoft Office including Word, Excel and PowerPoint
• Able to travel to Analog’s global locations for onsite property risk assessments

Preferred:

• Certified Fire Protection Specialist (CFPS) or Professional Engineer (PE) in Fire Protection.
• Experience in Electrical Safety, Explosion Safety, Process Safety, or Natural Hazards Risk Management.
• Familiarity with semiconductor fabrication facilities and their unique risk exposures.
• Demonstrated ability to apply Lean principles and problem-solving techniques in risk management.

Salary & Compensation

Salary range will be based on experience, education, location, and the scope of responsibilities within the role. Analog Devices offers competitive compensation, benefits, and professional development opportunities to support career growth.

Qualifications & Experience

Required:

• Bachelor’s degree in Mechanical Engineering, Electrical Engineering or related field from a four year university. 
• Minimum 5-8 years of experience in commercial property loss control and field survey, fire protection engineering, industrial risk engineering, insurance risk assessment, or safety engineering.
• Familiarity with semiconductor fabrication and clean rooms is preferred.
• Excellent understanding of construction material, best practices of construction technologies and building use/occupancy classification.
• General understanding of fire alarm systems and fire suppression systems.
• Expertise in FM Global standards and Highly Protected Risk (HPR) philosophy.
• Strong analytical and project management skills, with the ability to develop risk reduction strategies and capital investment plans.

• Clearly communicate simple and complex ideas, technical issues and solutions.
• Proficient in Microsoft Office including Word, Excel and PowerPoint
• Able to travel to Analog’s global locations for onsite property risk assessments

Preferred:

• Certified Fire Protection Specialist (CFPS) or Professional Engineer (PE) in Fire Protection.
• Experience in Electrical Safety, Explosion Safety, Process Safety, or Natural Hazards Risk Management.
• Familiarity with semiconductor fabrication facilities and their unique risk exposures.
• Demonstrated ability to apply Lean principles and problem-solving techniques in risk management.