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Director, Global Insurance
Estee Lauder
Melville, NY, United States
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Description
Director, Global Insurance will be responsible for the oversight of the worldwide hazard risk management and insurance programs. These responsibilities include, but are not limited to: identification and assessment of hazard risks, purchase of insurance policies, and compliance with local regulatory requirements related to insurance, management of outsourced services including claims management and budgeting and accounting for the hazard risk management programs. This position will report to the VP, Assistant Treasurer & Corporate Risk Officer at our corporate office in Melville, NY. The ideal candidate will have a strong knowledge of the best practices and procedures surrounding global insurance and risk management. The Director of Global Insurance will be expected to facilitate and continuously improve the ELC global risk management program so as to proactively protect the Company’s assets and strategic goals. The position may lead cross-functional committees or project teams to establish and communicate risk management methodology and processes throughout the Company.
KEY RESPONSIBILITIES:
•Responsible for collaborating with the Company's global brands, regions and functions to assess needs and procure appropriate insurance coverage and to identify appropriate risk mitigation and financing tools
•Responsible for managing and acting as the primary liaison between the company and the insurance industry, including the monitoring of services of brokers, insurers and claims administrators to ensure that ELC receives the level of service required to meet our needs
•Management of the global insurance procurement process from the development of the application materials through renewal strategy and program design
•Market the Company’s risk to domestic and international insurance underwriters and lead the negotiations to obtain most beneficial pricing, terms and conditions on insurance coverages
•Develop annual insurance budgets, forecasts and allocation methodology for risk program expenses
•Create management reports that effectively identify and inventory the Company’s global insurance programs
•Identify key performance metrics for safety and workers’ compensation claims, and develop management and field reporting tools to elicit support for safety and claims management
•Manage claims against our global policies to ensure timely settlement and closure at the optimal cost
•Oversee a best practices and outcomes based domestic casualty claims audit of our North America external third-party claims administrator (TPA)
•Utilize industry benchmarking to determine competitive premiums, appropriate limits and retentions
Qualifications
•Advanced degree with emphasis in Business Administration/Finance, and relevant business experience
•Qualified candidates will have ten or more years of business experience that includes 5 years of some combination of treasury, corporate finance and accounting and 5 years of insurance management experience
•Strong project and time management skills with the ability to handle multiple tasks, set priorities, meet deadlines and develop process efficiencies where required.
•Strong presentation skills, particularly in the development of professional and thoughtful materials
•Highly motivated individual driven to keep pace in a fast moving and dynamic environment
•Advanced Excel, Word and PowerPoint skills
•Ability to drive key program and process improvements and effectively manage priorities and ambiguity
•Experience leading cross-functional teams and projects
•Excellent organization and communication skills