Treasury Risk Management Specialist

4 weeks ago


New York, New York, United States Bausch + Lomb Full time

Bausch + Lomb is a leading global eye health company dedicated to protecting and enhancing the gift of sight for millions of people around the world. Our mission is to help people see better, to live better. We have a comprehensive portfolio of over 400 products, fully integrated and built to serve our customers across the full spectrum of their eye health needs throughout their lives.

As a key member of our Insurance & Risk Management team, you will play a critical role in supporting the management, development, and implementation of our insurance programs. This position focuses on risk identification, mitigation, prevention, and transfer strategies to safeguard the organization.

Responsibilities:

Assist Senior Director with annual negotiations, renewals, and placements of worldwide insurance programs, including Directors & Officers, Workers Compensation, Property, and Cyber.

Process requests for certificates of insurance from procurement, business, legal, and third parties in support of compliance with vendor contracts.

Manage collection of worldwide underwriting data in support of all insurance renewals.

Responsible for collection and submission of various companywide information in support of quarterly actuarial analysis for balance sheet reserve requirements.

Maintain current schedule of insurance policies for both internal use and diligence requirements.

Participate in quarterly claim reviews with key internal and external stakeholders.

Review, process, and reconcile all premium, surety bond, broker fee, and other risk management-related invoices, including setup of new vendors, development of Purchase Orders, tracking of approvals, and working with Accounts Payable to ensure timely vendor payments.

Reconcile monthly claims charges from Third Party Administrator (ESIS) and coordinate with accounting to ensure proper accruals.

Creates ad-hoc reports and presentations to senior management, as needed.

Supports global surety program, including placement and tracking of surety bonds.

Qualifications, Experience & Attributes:

Bachelor's degree in Insurance & Risk, Business, or related field required.

2 or more years of Insurance & Risk Management experience required.

Strong teamwork and time management skills, with the ability to manage shifting priorities in a fast-paced environment.

Ability to collect, reconcile, analyze, and summarize data into actionable reports.

Strong written and verbal communication skills.

Excellent interpersonal skills with the ability to build strong internal and external business relationships.

High degree of integrity, reliability, sense of urgency, decisiveness, and professionalism.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.



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