Manager, Risk & Insurance

West Pharmaceutical Services, Inc; Exton (PA); Hybrid; USD 75,000 - 95,000; Full time

Job summary

West Pharmaceutical Services, Inc is seeking a professional to support commercial insurance strategies as part of a hybrid role. The candidate will collaborate closely with the Director, Global Risk and Insurance, involving responsibilities such as analyzing risks and managing insurance policies.

Essential qualifications include a Bachelor's degree in a relevant field and at least 5 years of experience. Skills in data analysis and communication are vital. The position does not require travel but mandates a strong compliance with company policies.

Qualifications

• Minimum of 5 years of relevant experience in a corporate insurance role.
• Experience with insurance policies and claims management.
• Strong analytical and leadership skills required.

Responsibilities

• Support commercial insurance strategies worldwide.
• Maintain relationships with internal and external stakeholders.
• Assist with claims management and reporting.

Skills

Data analysis

Communication skills

Organizational skills

Insurance knowledge

Education

Bachelor's Degree in Business, Risk Management or related field

Tools

MS Office (PowerPoint, Word, Excel, Outlook)

SAP

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

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 required

Physical 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.

Equal Opportunity Employer

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 [e-mail] . 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.