This job has expired, please see additional jobs below
Senior Director
Visa Inc.
Foster City, CA, United States
Job Details - this job has expired, please see similar jobs below
Company Description
Common Purpose, Uncommon Opportunity
. Everyone at Visa works with one goal in mind – making sure that Visa is the best way to pay and be paid, for everyone everywhere. This is our global vision and the common purpose that unites the entire Visa team. As a global payments technology company, tech is at the heart of what we do: Our VisaNet network processes over 13,000 transactions per second for people and businesses around the world, enabling them to use digital currency instead of cash and checks. We are also global advocates for financial inclusion, working with partners around the world to help those who lack access to financial services join the global economy. Visa’s sponsorships, including the Olympics and FIFA™ World Cup, celebrate teamwork, diversity, and excellence throughout the world. If you have a passion to make a difference in the lives of people around the world, Visa offers an uncommon opportunity to build a strong, thriving career. Visa is fueled by our team of talented employees who continuously raise the bar on delivering the convenience and security of digital currency to people all over the world. Join our team and find out how Visa is everywhere you want to be.
“Visa will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of Article 49 of the San Francisco Police Code.”
Job Description
Overview:
We are looking for a senior corporate finance professional who has the necessary leadership and experience to provide support across a variety of corporate insurance activities. Our risk management operations provide cost effective property and casualty coverage for Visa’s business operations around the globe, including professional liability, directors and officers, worker’s compensation, and property. Additionally we set insurance standards for the roughly 2,000 vendors that do business with Visa, and manage the claims process. We have also recently implemented a captive insurance arrangement.
In addition, you will use your broad experience and natural curiosity to deliver activities and projects relating to the broader team within Visa’s corporate treasury on an ad hoc basis. Treasury currently provides funding for Visa’s global operations (100 legal entities in 40 different countries) including liquidity risk management, investments, capital structure, and insurance operations. These activities are typically far ranging and involve quantitative and qualitative analysis.
Primary Responsibilities: -
Strategy & Planning
Develop an insurance strategy for the corporation, identifying both short and long-term goals, and a Risk Management Mission Statement.
Research, evaluate and make recommendations regarding current state of the art trends in risk management and insurance strategies.
Review potential acquisitions to identify significant risk management and insurance issues and make recommendations
Identify and analyze potential impact of exposures of loss faced by the corporation.
Standards Setting
Establish contract standards for insurance and indemnification wording
Establish standards for cost allocations, if appropriate
Develop standard processes and procedures for insurance function
Communications
Provide consultation and technical advice on insurance issues to corporate and regional management
Prepare and present financial and departmental reports to management
Prepare and manage annual insurance budget
Oversee all global insurance programs, including self-insured programs
Negotiate insurance placement pricing, structure and limits for all global insurance policies and service agreements
Conduct cost/benefit analysis of program alternatives
Evaluate adequacy of limits and appropriateness of retentions/deductibles
Program Processes and Procedures
Review leases, contracts and other legal documents to evaluate appropriateness of wording and assure compliance with insurance policies
Develop and maintain historical exposure information
Develop and retain vital information regarding global corporate insurance programs
Claims Management
Oversee insurance claims management and claim litigation processes
Analyze loss data to identify trends and identify appropriate cost containment techniques
Investigate major losses and negotiate settlements
Collaborate with legal and other personnel on pertinent claims matters
Establish formalized claims service standards with service providers
Other
Administer personnel issues of staffing, training and advancement
Qualifications
Qualifications - External - At least 10 years of broad risk management or corporate insurance experience. MBA preferred. Key Competencies: - Have the business judgment to manage risk and business tradeoffs. - Manage multiple priorities in a dynamic environment.
The position requires strong interpersonal and communication skills, and the ability to work effectively in cross-functional teams - The candidate will need to interact with senior management and business leaders. - The candidate will need to develop strong working relationships with external constituents, such as brokers and consultants. - Strong strategic and analytic corporate finance skill set. - Ability to be effective in executing transactions. - Flexible and creative thinker with sound business judgment. Ability to make appropriate business trade-offs
Additional Information
All your information will be kept confidential according to EEO guidelines.