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    Director, Global Risk Management - Chicago, United States - Abbott Laboratories company

    Abbott Laboratories company
    Abbott Laboratories company Chicago, United States

    1 week ago

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    Description
    Director, Global Risk Management page is loaded

    Director, Global Risk Management

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    locations

    United States - Illinois - Abbott Park

    time type

    Full time

    posted on

    Posted Yesterday

    job requisition id

    Abbott is a global healthcare leader that helps people live more fully at all stages of life.

    Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines.

    Our 115,000 colleagues serve people in more than 160 countries.


    JOB DESCRIPTION:
    Our global headquarters in Abbott Park, Illinois is seeking a Director of Global Risk Management to join our team.

    Reporting to the Senior Director, Global Risk Management, this role is responsible for protecting Abbott from unforeseen loss while enabling business growth.

    The Director will have oversight and drive the direction and coordination of all aspects of the worldwide property, casualty and trade credit insurance programs.

    The Director will develop, recommend and drive decisions on the risk and insurance management strategy, including quantifying loss potential and recommending whether to retain or transfer potential risk.

    The role will also implement risk transfer and self-insured programs and mitigation/loss prevention activities as well as manage certain claims brought against the company.

    This position routinely interfaces with Insurance Consultants, Brokers, Insurers, TPAs, and all Abbott functional groups including, but not limited to Treasury, Finance, Tax, EHS, Security, Legal, Operations, Supply Chain and Procurement.

    This position drives the development and implementation of strategic initiatives and provides expertise and guidance in identifying and mitigating risk and in achieving compliant and financially justified global and local insurance programs.


    What You Will Do:
    Insurance – Align with management on risk tolerance and program strategy.

    Negotiate the worldwide property, casualty and trade credit insurance programs which consists of setting renewal strategy, negotiating coverage and implementing the insurance.

    Negotiation of policy terms entails detailed review and technical knowledge of policy form terms and conditions relative to Abbott requirements and exposures to ensure the most favorable coverage terms for Abbott and ensuring that the insurance is efficient, compliant and

    cost-effective.


    Assess insurance market trends, directions and developments that may impact pricing and coverage for future insurance renewals and determine optimal methodology of allocating insurance premiums.

    Resilience, Loss Prevention & Safety - Identify and assess the risks to the businesses.

    To ensure that Abbott is well protected, life safety is maximized, and potential losses are mitigated, the Director will evaluate and challenge the businesses in managing its risks and will provide support to help prioritize any recommendations in partnership with EHS, Security and Engineering.

    Business Enablement - As the subject matter expert, provide guidance on legal agreements, lead training sessions and liaise with different functional groups, business units and senior level managers as needed.

    Ensure all risk transfer and self-insured programs operate effectively in support of business goals.
    Claims Management – Collaborate with Legal, TPAs and Insurers.

    Assist in the resolution of complex and difficult claims, achieve positive settlements on behalf of Abbott, work closely with other functional groups to ensure appropriate facts and documentation are provided and engage with FP&A and actuary to set accounting reserves.

    Mergers, Acquisitions & Divestitures – Conduct diligence and integration as it relates to insurance and claims, ensuring that assets are protected and that newly acquired entities are appropriately onboarded or relevant assets/entities are offboarded.

    Leadership – Provide coaching, training and leadership to Risk Management and Treasury colleagues to support career growth and succession planning.

    Collaborate with FP&A, management, insurers and actuaries in reviewing financial plans and reserves.

    Education and Experience You Will Bring:
    Bachelor's degree in business, finance, accounting or related field required.
    Master's degree in business, finance, or related field desirable.
    Risk management

    designation/certification

    (ARM, CPCU) desirable.
    10+ years of experience in large commercial lines property insurance and risk management.
    Must possess strong analytic and problem-solving skills for decision making on complex business and technical issues.
    Strong presentation skills with ability to lead and interact with all levels of management.
    Proficient use of Risk Management Information Systems (RMIS) and Microsoft Office with heavy emphasis on Excel and PowerPoint.
    What We Offer
    At Abbott, you can have a good job that can grow into a great career


    We offer:
    Training and career development

    , with onboarding programs for new employees and tuition assistance
    Financial security

    through competitive compensation, incentives and retirement plans
    Health care and well-being programs

    including medical, dental, vision, wellness and occupational health programs
    Paid time off
    401(k)

    retirement savings with a generous company match
    The stability of a company

    with a record of strong financial performance and history of

    being actively involved in local communities
    Learn more about our benefits that add real value to your life to help you live fully:


    Follow your career aspirations to Abbott for diverse opportunities with a company that provides the growth and strength to build your future.

    Abbott is an Equal Opportunity Employer, committed to employee diversity.
    Connect with us at

    , on Facebook at

    and on Twitter @AbbottNews and @AbbottGlobal.
    The base pay for this position is
    $143,300.00 – $286,700.00

    In specific locations, the pay range may vary from the range posted.


    JOB FAMILY:
    Treasury


    DIVISION:
    FIN Corporate Finance


    LOCATION:
    United States > Abbott Park : AP06

    D


    ADDITIONAL LOCATIONS:

    WORK SHIFT:
    Standard


    TRAVEL:
    Yes, 20 % of the Time


    MEDICAL SURVEILLANCE:
    Not Applicable


    SIGNIFICANT WORK ACTIVITIES:
    Continuous sitting for prolonged periods (more than 2 consecutive hours in an 8 hour day), Keyboard use (greater or equal to 50% of the workday)Abbott is an Equal Opportunity Employer of

    Minorities/Women/Individuals

    with

    Disabilities/Protected

    Veterans.

    EEO is the Law link - English:
    EEO is the Law link - Espanol:

    About Us

    The people of

    Abbott


    come to work each day with relentless energy, enthusiasm and a promise to enhance the health and well-being of millions of people.

    They push the boundaries to help manage and treat some of life's greatest health challenges.
    We invite you to explore opportunities at

    Abbott

    , to see if your talents and career aspirations may fit with our openings. An equal opportunity employer,

    Abbott

    welcomes and encourages diversity in our workforce.

    #J-18808-Ljbffr
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