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Manager, Corporate Insurance
2 months ago
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