Corporate Insurance Manager

JOB SUMMARY

The Corporate Insurance Manager is responsible for the administration of the insurance and surety portfolios. Providing various analysis and reports for the portfolio including but not limited to the annual insurance & surety renewal, recommendations for optimal coverage, cost terms, budgeting & forecasting, claim settlement assistance for all the organization’s assets and business units, administration of any self-insurance and support for revenue programs.  The Manager also ensures key milestones/goals are met and adheres to approved budgets.

KEY DUTIES & RESPONSIBILITIES

• Manage the administration and placement of the organizations company’s surety and multi-line corporate insurance portfolio (Property, General liability, Cyber, Auto, Workers Comp, Truck Fleet, Environmental, AD&D, D&O, Fiduciary, Marine, Cargo & Storage, Charters Liability, Umbrella layers, etc) 
• Liaise with the Insurance Broker to prepare and deliver all annual renewal applications and information
• Maintain ongoing contact with the Insurance Broker and Insurance companies and various internal business partners regarding insurance needs, insurance certificates, managing claims, and ensuring all invoices are paid
• Prepare annual insurance budgets, maintain monthly forecasts, and provide variance analysis to senior management
• Prepare reports and analysis for Senior Management/Finance/Board when required
• Monitor, report on the overall revenue/profitability generated by the Cargo Insurance and US Bond financial products programs
• Review and recommend edits to vendor and client contracts with respect to insurance liability and coverage clauses
• Provide support, manuals and training to business teams interacting with the insurance programs 
• Lead, manage, and organize claim submissions and participate in projects as required
• Perform other related duties as assigned by management
• Adhere to established policies and procedures

KNOWLEDGE & SKILLS

To perform this job successfully, the person must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and abilities required. Reasonable accommodations may be made to enable a person with disabilities to perform the essential functions.

• Proven track record of effectively managing insurance programs for large organizations, preferably in a multinational or corporate setting
• Well-developed communication, presentation, and influencing skills to effectively collaborate across all levels within and outside the organization, including Executive team members
• Ability to think critically and recommend ideas for improvement of existing policies and practices, optimize coverage and cost
• Pragmatic approach to problem-solving and analytical review with a superior attention to detail, accuracy, and completeness
• Excellent communication (oral and written) and interpersonal skills
• Strong understanding and experience performing financial, forecasting, budgeting, and operational analysis
• Outstanding time management and organizational capabilities with the ability to work independently in a dynamic environment, dealing with competing priorities and deadlines
• Proactive, action-oriented with a high degree of initiative
• Strong knowledge of insurance principles, policies, and regulations, with the ability to interpret and apply complex insurance concepts
• Proficiency in Microsoft Office Suite and familiarity with accounting systems (SAP, Oracle, CODA, Hyperion, etc).
   

WORK EXPERIENCE – MINIMUM REQUIRED

EDUCATION

CERTIFICATIONS DESCRIPTION

• Advanced degree or professional certifications (e.g., CIP, CIC, AU, CISR, CPA, CTP, CFA) or in-progress to complete is preferred

COMPETENCIES