Risk Manager

Risk Manager

Requirements

• Bachelor’s Degree; Course of Study: Risk Management, Business, Finance, or related field
• 3+ years’ experience in Risk Management for a multi-national Fortune 500 company either in a corporate environment, a commercial insurance brokerage firm or commercial insurer in any related field (underwriting, claims, broker placement or client advisory role)
• Demonstrated knowledge of core commercial insurance principles, underwriting requirements, understanding of coverage forms, risk identification/assessment, claims management and ability to interpret and explain policy coverage
• Solid knowledge of technical tools such as financial, analytical, accounting, and statistical tools
• Self-motivated, able to bring projects and reports to conclusion with little direction and guidance
• Ability to work efficiently in pressure situations and demonstrate a high level of flexibility in a rapidly changing environment
• Highly proficient working knowledge of Microsoft Office – Outlook, Word, Excel, PowerPoint and Teams and ability to sort data, create pivot tables, presentations, and graphs
• Ability to learn new technical concepts, skills and analytics and make data driven decisions
• Work experience managing global insurance programs
• Strong data analytics skills, including use of RMIS and computer modeling
• Strong interpersonal and communication skills, with ability to professionally communicate both verbally and in writing with employees and outside partners of all levels, recognizing and appropriately responding to others’ perspectives
• Strong negotiation skills and ability to drive negotiations to favorable results
• Experience working in Oracle Hyperion Financial Management systems

Responsibilities

• Support the Director of Global Risk Management during insurance renewals by gathering data, completing formal applications, carrier selections, negotiations of terms, conditions and pricing and accurate policy issuance
• Coordinate information between Arrow internal stakeholders and various insurance brokers and insurance carriers
• Directly accountable for the management of the enterprise-wide risk management program (ERM), including risk identification, analysis, prioritization, mitigation, and monitoring
• Review insurance and indemnification requirements associated with contracts for vendors, contractors, affiliation agreements, etc.
• Manage the Certificate of Insurance program
• Manage all Surety Bonds
• Maintain the internal Risk Management department website
• Provide risk management consultation and guidance to internal stakeholders
• Assist on collection and review of exposure information for insurance renewals, audits, budget forecasting, local in-country invoicing and corporate allocations
• Manage premium invoicing and payment processes
• Routinely interface with Insurance industry professionals, all levels of management and multiple business units within the Company
• Prepare and report annual budget of corporate insurance expenses
• Respond to risk and liability related concerns and issues of internal and external stakeholders and recommend proper loss prevention and loss reduction techniques
• Stay apprised of new coverages, developing trends and exposures, and market conditions
• Create ad-hoc and monthly reports and act as key risk resource in providing data as needed
• Management of all lines of insurance claims management
• Determine appropriate actions coordinating the filing of all claims with outside brokers, consultants, insurance adjusters, legal counsel, and other departments as well as tracking progress and working closely with stakeholders and insurance carriers through claim resolution

Preferred Qualifications

• Knowledge of Enterprise Risk Management software and platforms preferred
• Experience reviewing contracts to manage, limit, and transfer risk
• Experience with financial terminology and/or interpreting Legal or Quality documents a plus