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Manager, Corporate Insurance

2 months ago


charlotte, United States Sealed Air Corporation Full time

Job Summary:

The successful candidate will report to the Executive Director, ERM & Corporate Insurance who oversees enterprise and insurance risk management. This position will be responsible for managing the day-to-day aspects of the corporate insurance function. Key responsibilities include managing the property/casualty insurance renewals, overseeing various loss prevention/reduction strategies, contract reviews and captive administration. The Manager, Corporate Insurance will be the internal point of contact for all insurance related inquires and will work closely with brokers, vendors, and internal functions (e.g. Legal, Supply Chain, HR, EH&S, etc.). The successful candidate will need strong time management skills and possess high attention to details while also demonstrating strategic and sound decision-making qualities to help reduce the Company’s total cost of risk.



Summary of responsibilities:

Manage the day-to-day operations of the Company’s corporate insurance department and captive insurance company

Manage global insurance renewals

Set timelines, deliverables and strategy with brokers in advance of each insurance renewal

Collect and analyze underwriting data and prepare renewal submissions

Develop and co-present marketing submissions directly to underwriters

Continuously review exposures of the Company and implement effective risk financing solutions (e.g. risk transfer, captive, retain, etc.)

Review renewal documentation (e.g. quotes, binders, policies, invoices, etc.) for accuracy

Process and validate all insurance related invoices

Resolve accounting, premium payment and reimbursement discrepancies

Prepare insurance budgets

Collaborate with external and internal stakeholders on risk control strategies, particularly property risk (e.g., sprinkler protection)

Drive closure on open recommendations/findings

Attend fire protection inspections

Assist internal stakeholders on process, implications and resources to reduce risk to operations, safety and insurance premiums

Partner with EH&S on injury prevention strategies

Assist with management of insurable claims

Act as primary liaison between internal personnel and third-party claims management teams

Manage claims throughout lifecycle from reporting to final settlement to optimize both cost effectiveness and timely closure

Manage broker and third-party service provider relationships and drive accountability for service and deliverables

Review insurance provisions within supplier and customer contracts

Coordinate captive insurance company administrative activities and transactions

Maintain Schedules of Insurance and create ad-hoc reporting for management (e.g., Total Cost of Risk, Budget, etc.)

Identify variances to forecasted P&L based on claim development or insurance premiums and communicate those variances to management

Automate, document and/or improve processes that bring value to the Company and/or stakeholders

Explore new ways to optimize Company’s captive insurance company and lead implementation with relevant internal and external stakeholders



Qualifications:

Required

Bachelor’s degree in risk management, insurance and/or finance

3+ years of experience in insurance and risk management

Proven ability to work across functions within a global organization, adapting to varied and changing requirements in a fast-paced environment

Excellent analytical skills and attention to detail

Solid proficiency in Excel and PowerPoint

Effective, clear and concise written and oral communication skills

Sound judgment and strong decision-making skills


Preferred

Experience in large companies with global operations

ARM and/or CPCU designation

Experience with the operations of a captive insurance company