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U.S. Procurement Manager - Insurance Programs

California, United States (On-site)

U.S. Procurement Manager - Insurance Programs

1 Month ago • 8-11 Years • Operations

About the job

4 skills required for this role

Test your skills to join the top 1% applicants for this job

risk-mitigation

risk-assessment

risk-management

contract-negotiation

Job Description

The U.S. Procurement Manager - Insurance Programs is responsible for managing the purchase of business insurance for the company in the Americas region. This individual will manage the day to day operation of the Insurance/risk operation. This individual will collect and analyze risk related information, formulate strategies and present to the regional Enterprise Risk Management (ERM) committee and execute the approved insurance related decisions. Detailed responsibilities include understanding and overseeing the companies insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures. This individual will also work with counterparts in HQ and other regional procurement teams to coordinate and combine the necessary programs and coverage, and to ensure there is no gap in risk assessment and insurance coverage. This individual will also take on other purchasing areas within procurement. Detailed activities include but not limited to: - Work closely with our broker and other internal departments on program structuring, pricing and allocations. Execute the purchasing actions. - Support the projects and programs undertaken by the ERM committee to identify, evaluate, mitigate and monitor company's operational and strategic risk. Provide program and strategy proposal for the ERM committee to consider. - Provides guidance and technical subject-matter expertise for risk and insurance matters to the organization, including collaborating with business operations to ensure alignment on risk and insurance matters. - Establish and manage the claims management processes - Manages processes for collecting accurate and complete internal data of risk. - Maintain a thorough working knowledge of the insurance industry, markets, and economic trends that may influence the company and provide counsel to mitigate risk.

Must have:

BA/BS in Accounting, Finance, Business, Economics, Mathematics
8+ years relevant professional experience
3+ years of business insurance related experience
3+ years of procurement experience
Strong contract negotiation experience
Demonstrated experience in managing long-term partner-like vendor (e.g. Insurance broker)
Strong knowledge of the insurance industry and risk management practices
Demonstrated ability to drive consensus and actions in an environment of committees
Proven ability to work cross-function, cross-region, and cross-culture
Demonstrated ability to thrive in a constant changing environment
Participated and led medium to large scale projects
Demonstrated ability to work independently and in teams
Demonstrated success and expertise in organization change management
Skilled communicator, oral and written
Demonstrated analytic ability; Data and fact based actions

Good to have:

Relevant risk and insurance certifications
Mandarin

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Responsibilities

The Insurance Procurement manager is responsible for managing the purchase of business insurance for the company in the Americas region. This individual will manage the day to day operation of the Insurance/risk operation. This individual will collect and analyze risk related information, formulate strategies and present to the regional Enterprise Risk Management (ERM) committee and execute the approved insurance related decisions. Detailed responsibilities include understanding and overseeing the companies insurance programs, management of claims and loss control activities, management of relationships with third party service providers including brokers, insurers, preparing loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures. This individual will also work with counterparts in HQ and other regional procurement teams to coordinate and combine the necessary programs and coverage, and to ensure there is no gap in risk assessment and insurance coverage. This individual will also take on other purchasing areas within procurement. Detailed activities include but not limited to: 1. Work closely with our broker and other internal departments on program structuring, pricing and allocations. Execute the purchasing actions. 2. Support the projects and programs undertaken by the ERM committee to identify, evaluate, mitigate and monitor company's operational and strategic risk. Provide program and strategy proposal for the ERM committee to consider. 3. Provides guidance and technical subject-matter expertise for risk and insurance matters to the organization, including collaborating with business operations to ensure alignment on risk and insurance matters. 4. Establish and manage the claims management processes 5. Manages processes for collecting accurate and complete internal data of risk. 6. Maintain a thorough working knowledge of the insurance industry, markets, and economic trends that may influence the company and provide counsel to mitigate risk.

Qualifications

Must have qualifications: - BA/BS required; Preferably in Accounting, Finance, Business, Economics, Mathematics - 8+ years relevant professional experience - 3+ years of business insurance related experience - 3+ years of procurement experience - Strong contract negotiation experience - Demonstrated experience in managing long-term partner-like vendor (e.g. Insurance broker) - ERM experience is a plus - Strong knowledge of the insurance industry and risk management practices. - Display a genuine passion for risk and risk mitigation strategies - Demonstrated ability to drive consensus and actions in an environment of committees; able to interface with and influence different stakeholders at all levels; represents the procurement organization with confidence. - Proven ability to work cross-function, cross-region, and cross-culture - Strong influencing skills and collaboration ability - Demonstrated ability to thrive in a constant changing environment - Participated and led medium to large scale projects - Demonstrated ability to work independently and in teams - Demonstrated success and expertise in organization change management as individual need to be an evangelizer of risk mitigation practices - Skilled communicator, oral and written; able to communicate complexity with clarity and ease - Demonstrated analytic ability; Data and fact based actions Preferred qualifications: - Relevant risk and insurance certifications - Mandarin is a not required but a plus

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