Insurance Risk Manager
Company: Standex
Location: Salem
Posted on: October 23, 2024
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Job Description:
The Insurance Risk Manager will be responsible for overseeing
the company's insurance programs, identifying and mitigating
insurance-related risks, and ensuring adequate coverage for all
aspects of the business. This role requires a detail-oriented
professional with deep knowledge of insurance policies, excellent
negotiation skills, and the ability to manage relationships with
insurers and brokers.
What You'll Do
Serve as the primary global point of contact for Standex
International's corporate insurance needs, including coordinating
with operating subsidiaries located within and outside the U.S.
Manage the Company's relationship with its global insurance
broker(s).
Maintain and administer the Company's insurance coverages globally
and ensure the company maintains adequate insurance coverage to
protect against potential losses and liabilities.
Plan, manage, and oversee the annual global insurance renewal
process for various coverages, including general liability,
property, umbrella/excess, worker's compensation, auto, foreign
package, cyber, directors & officers, and errors and omissions.
Manage the actuarial valuation process.
Oversee the claims management process, including filing, tracking,
and resolving insurance claims.
Work closely with internal teams and external parties to ensure
prompt and fair resolution of claims.
Work closely with various departments, including legal, finance,
and operations, to integrate insurance risk management
practices.
Conduct training and awareness programs for employees on
insurance-related topics and best practices.
Oversee and administer the certificate of insurance process.
Prepare and present detailed reports on insurance-related matters
to senior management.
Monitor and analyze insurance costs and provide recommendations for
cost-effective solutions.
What You'll Bring
Bachelor's degree in risk management, Insurance, Finance, Business
Administration, or a related field.
5+ years of relevant experience in corporate insurance, preferably
at a global company.
What We Value
Keywords: Standex, Portland , Insurance Risk Manager, Executive , Salem, Maine
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