Risk Operations Manager
PURPOSE (why the position exists, within what limits and with what objectives)
This position forms an integral part of the Insurance Operations team that is responsible to conduct a wide range of insurance operations activities globally, in line with the policy & procedures. Reporting to the Director, Insurance & Risk, this position is accountable for the management of insurance programs and risk management activities as assigned by the Director, Insurance & Risk. This position exists to conduct:
· Company-wide management of assigned insurance programs to see that all entities are properly protected in line with the department's requirements, operating guidelines, policy & procedures, and local insurance regulations.
· Expeditious negotiation and favorable settlement of insurance claims and integrity of loss data for assigned insurance categories.
· Risk Control Program and associated risk mitigation activities for assigned insurance classes to see that the company's long-term risks transfer costs are managed in a cost effective and consistent manner.
· Provide day-to-day counsel and support to all the business regarding global insurance and risk management issues and promote best practices.
Financial (if any)
· Negotiation and placement of insurance coverage of assigned policy classes
$***+ annual spend.
· Ensure contract certainty for global & local insurance policies and quality assurance on coverage conditions
· Coordination of 50+ insurer and broker networks (100+ policies in 60+ countries worldwide)
· Negotiation and settlement of claims up to the policy limits of assigned policy classes
Up to policy limits
· Provide professional insurance claims service, and timely and quality claims resolution and reimbursement to all entities.
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