Manager, Risk - US Pennsylvania Exton
2 days ago
Job description
This is a hybrid position requiring the team member to be onsite a minimum of 3 days per week. No relocation is provided for this opportunity
Who We Are:
At West, we're a dedicated team that is connected by a purpose to improve patient lives that has been at the center of our Company for more than a century. Our story began when Herman O. West solved the problem of supplying penicillin in mass quantities to the US Government during World War 2. Through our work to deliver thousands of life-saving and life-enhancing injectable medicines to millions of patients daily, West's indelible mark on the healthcare industry has just begun. A name started our story. How will yours help write our future?
There's no better place to join an inclusive community of professionals with opportunities for lifelong learning, growth and development. Supported by benefit programs, we empower the physical, mental, emotional and financial health of our team members and their families.
We believe in giving back to help those in need in the communities where we live and work. And are equally committed to creating a healthier environment and planet through our sustainability efforts.
Job Summary
In this role, you will work closely with the Director, Global Risk and Insurance to support West commercial insurance strategies worldwide. Role requires active participation in all phases of property/casualty insurance placements, including identifying potential loss exposures and analyzing appropriate risk finance techniques for management response. Responsibilities will involve marketing and placement of designated insurance policies, as well as providing ongoing oversight and support for financial and claims administration duties as may be required.Essential Duties and Responsibilities
- Understand and promote Corporate objectives and functional insurance/risk management requirements.
- Maintain strong working relationships with internal (Finance, Law, Procurement, Engineering, Operations and Quality representatives on the Corporate and local levels) and external (insurance brokers, underwriters, consultants, customers, vendors, and suppliers) clients. Maintain working knowledge of the global property/casualty insurance marketplace.
- Support property/casualty insurance negotiations from compiling exposure data and preparing submissions through final placement; requirements include support document verification and ongoing maintenance support.
- Coordinate internal engineering recommendations and construction updates through WPS' commercial property program; support internal workflow review protocols for carrier response.
- Monitor compliance with carrier underwriting requirements; coordinate resources and preliminary responses for approval.
- Assist with claims management and reporting.
- Review loss runs; identify costs/benefits of insurable v. retained risks, participate in claim reviews and strategy sessions with senior management. Prepare monthly/quarterly loss reports for Corporate review as requested.
- Process internal invoice requisitions and billing documents for supervisory approval. Review invoice statements for accuracy and address billing issues to final resolution.
- Generate property & casualty certificates of insurance requests upon request.
- Work closely with Director, Global Risk and Insurance to build a professional development plan for technical proficiency. Successfully complete continuing education assignments as assigned.
Education
- Bachelor's Degree in Business, Risk Management or related field required
Work Experience
- Minimum of 5 years of relevant experience in corporate insurance role or with insurance broker or carrier, excellent data and analytical skills, experience in managing global policies, handling of insurance claims, and strong leadership skills required.
Preferred Knowledge, Skills and Abilities
- Proficient in MS Office including PowerPoint, Word, Excel, and Outlook.
- SAP experience is a plus.
- Strong data and analytics skills.
- Able to be aware of all relevant standard operating procedures as per Company policy as they are related to the position covered by this Job Description
- Support and contribute to Lean Sigma programs and activities towards delivery of the set target
- Able to comply with the company's safety policy at all times
- Able to comply with the company's quality policy at all times.
- Highly organized and excellent communication skills; able to establish rapport with diverse personalities; responsive to people's needs; demonstrates initiative and commitment to quality. #LI-NJ1 #LI-Hybrid
License and Certifications
- Maintain PA Producer license for property/casualty lines of insurance required
- CIC/CRM/ARM designations preferred.
Travel Requirements
None: No travel requiredPhysical Requirements
Sedentary-Exerting up to 10lbs/4kgs of force occasionally, and/or negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects, including the human body. Sedentary work involves sitting most of the time.West is an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sex, gender identity, sexual orientation, age, marital status, veteran status, or disability status. If you have a special need that requires accommodation in order to apply to West, please send an email to Where permitted by law, an offer of employment with West Pharmaceutical Services, or any of its subsidiary or affiliate companies, is contingent upon the satisfactory completion of background screening and/or a pre-employment drug screening.
Similar jobs
This is a hybrid position requiring the team member to be onsite a minimum of 3 days per week. · Understand and promote Corporate objectives and functional insurance/risk management requirements. · Maintain strong working relationships with internal (Finance, Law, Procurement, En ...
1 month ago
This role will work closely with the Director Global Riskand Insurance to support West commercial insurance strategies worldwide understant and promote Corporate objectives and functional insurance/risk management requirements maintain strong working relationships with internal c ...
1 month ago
This role will support West commercial insurance strategies worldwide. You'll work closely with the Director, Global Risk and Insurance to identify potential loss exposures and analyze risk finance techniques. · Understand corporate objectives and functional insurance/risk manage ...
1 month ago
The Director of Enterprise Risk Management (ERM) is a high-impact, senior-level role responsible for the development and execution of the Company's ERM program in alignment with the COSO ERM Framework.Reporting directly to the Head of Enterprise Risk and Security, this role deman ...
1 month ago
The Director of Enterprise Risk Management (ERM) is a high-impact, senior-level role responsible for the development and execution of the Company's ERM program in alignment with the COSO ERM Framework. · The Director will lead the organization through the complete ERM process. · ...
1 month ago
About Company: · We pioneer solutions that streamline the clinical trial journey. · ...
1 week ago
This is currently a hybrid role - 2 days remote and · 3 days in the Malvern, PA office.The Director, Risk Management is responsible for developing and executing the Company's strategic risk management plan to identify, · prioritize and manage risk within the organization. · ...
4 weeks ago
The Director of Risk Management is responsible for developing and executing the Company's strategic risk management plan to identify prioritize and manage risk within the organization. · This position requires a forward-thinking professional who can balance quantitative analysis ...
4 weeks ago
+The Director, Risk Management is responsible for developing and executing the Company's strategic risk management plan to identify, prioritize and manage risk within the organization. · +Develop and lead a comprehensive risk management framework integrating strategic, operationa ...
4 weeks ago
At YPrime, we are committed to advancing science and health by simplifying the complexities of clinical trials. We streamline the clinical trial experience with technology built for speed, flexibility, and certainty. From IRT to eCOA, our industry-leading solutions support patien ...
1 day ago
The Senior Manager leads the risk management function for a large portfolio within the Personal Investor division. · ...
1 month ago
You will manage a team responsible for performing risk evaluations and assessments of third-party vendors and external partners. · ...
1 month ago
WHO WE ARE · As the nation's largest producer of clean, carbon-free energy, Constellation is focused on our purpose: accelerating the transition to a carbon-free future. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace ...
1 day ago
Manager, Third Party Risk Management job at Vanguard to manage a team responsible for performing risk evaluations and assessments of third-party vendors and external partners. · Hires evaluates supervises team members provides coaching guidance training sets performance standards ...
1 month ago
WHO WE ARE · As the nation's largest producer of clean, carbon-free energy, Constellation is focused on our purpose: accelerating the transition to a carbon-free future. We have been the leader in clean energy production for more than a decade, and we are cultivating a workplace ...
1 day ago
The Senior Manager leads the risk management function for a large portfolio within the Personal Investor division. · Manage and develop a team of risk professionals. · Implement and manage risk and control standards within the division. · ...
1 month ago
The Senior Manager, Divisional Risk leads the risk management function for a large portfolio within the Personal Investor division, driving operational and strategic risk oversight. This role oversees the identification, assessment, and mitigation of risks, manages a team of risk ...
2 weeks ago
Join our team of experts in risk management and help shape the future of JPMorgan Chase. As part of Risk Management and Compliance you'll be at the center of keeping our company strong and resilient by using your expert judgment to solve real-world challenges that impact our cust ...
2 weeks ago
This role is pivotal in guiding the organization's risk management strategy, ensuring compliance with regulatory standards, and addressing potential credit, fraud, and operational risks. · Develop and implement a comprehensive enterprise risk management framework that aligns with ...
1 month ago
Bring your expertise to JPMorgan Chase. As part of Risk Management and Compliance, you are at the center of keeping JPMorgan Chase strong and resilient. · You help the firm grow its business in a responsible way by anticipating new emerging risks using your expert judgement to so ...
2 weeks ago