Senior Manager, Corporate Insurance

Bristol Myers Squibb; Princeton (NJ); On-site; USD 142,000 - 172,000; Full time

Job summary

Bristol Myers Squibb seeks a Senior Manager, Corporate Insurance to lead global property and casualty programs, manage renewals, and coordinate with Treasury, Legal, and business partners. This hands-on finance role requires strong analytical skills, attention to detail, and experience in a multinational company.

The role involves complex data translation, governance of captive insurance operations, and collaboration across regions to ensure optimal coverage and cost controls.

Qualifications

• Strong technical knowledge of commercial property and casualty insurance and risk management.
• Experience managing broker and insurer relationships and negotiating coverages.

Responsibilities

• Co-lead global P&C insurances including renewal submissions and negotiations.
• Coordinate with brokers, internal stakeholders, and service providers.
• Oversee premium invoicing, cost allocations, and intercompany charges.

Skills

Excel

SAP

ERP systems

Budgeting

Intercompany accounting

Education

Bachelor's degree in finance

CPCU/ARM/MBA preferred

Tools

Broker platforms

Dashboard analytics

AI analytics

Job description

At Bristol Myers Squibb, our employees often ask, \"Who are you working for?\"-a question that fuels collaboration, accountability, and urgency in our work. Our purpose-driven culture inspires us to discover, develop, and deliver innovative medicines to prevail over serious diseases. We offer uniquely interesting and meaningful work, opportunities for growth, and a supportive environment that values inclusion, wellbeing, flexibility, and comprehensive benefits. This is work that transforms the lives of patients, and the careers of those who do it.

Senior Manager, Corporate Insurance

The Senior Manager, Corporate Insurance is a hands-on finance professional responsible for helping manage BMS's global insurance programs and the day-to-day operations. The successful candidate will bring strong technical insurance knowledge, analytical capability, attention to detail, and communication skills, with the ability to manage multiple renewals, projects, and stakeholders simultaneously. The role requires comfort working in a matrixed risk management teams, translating complex insurance and financial information into practical recommendations, and maintaining disciplined execution across the insurance program lifecycle.

Major Responsibilities and Accountabilities

• Co-lead global property and casualty insurances including Business Interruption, Property, General Liability, Workers' Compensation, Auto Liability, Foreign Casualty, and Excess Casualty by collecting exposure data, preparing underwriting submissions, supporting negotiations, analyzing coverage, and executing bind orders with insurers.
• Efficiently work in a team environment and align priorities and strategies with the overall enterprise goals and objectives.
• Manage day-to-day insurance activities, including certificate issuance for clinical studies, insurance and contract requirement reviews, and coordination with internal stakeholders, external brokers, and service providers.
• Oversee premium invoicing, PO management, accruals, cost centers, reconciliation, and payment processes, validating invoices against final premium and tax allocations, resolving discrepancies with brokers, and ensuring timely and accurate payment.
• Lead global premium allocations and intercompany back charges to local markets, partnering with Treasury Accounting, the Intercompany Accounting Team, and local finance to ensure accurate recording and clear communication of charges.
• Support BMS's captive insurance company's governance and operation, including board and annual general meetings, financial reviews, regulatory requirements, and coordination with the captive manager and service providers.
• Review insurance and indemnification provisions in vendor, supplier, and business agreements, advising Sourcing, Legal, and business partners on contractual risk transfer requirements and certificates of insurance.
• Strengthen processes, reporting, analytics, and documentation across the insurance function, identifying opportunities for standardization, automation, and improved controls.
• Educate business partners on insurance programs and requirements, respond to internal inquiries, and contribute to Treasury special projects and ad hoc analyses as needed.

Qualifications

• Minimum education of a bachelor's degree in finance, accounting, risk management, economics, or a related field is required. CPCU, ARM, MBA, or equivalent is preferred.
• Minimum of five (5) years of relevant experience in corporate insurance or risk management within a multinational company, broker, or insurer or related experience is required.
• Hands-on involvement in program renewals and placements is highly preferred.
• Technical knowledge of commercial property and casualty lines, including property, casualty, cyber, marine/transit, environmental, and builders risk; captive insurance experience.
• Experience managing broker and insurer relationships, including negotiating coverage, fees, and service agreements.
• Strong understanding of premium allocations, intercompany accounting, budgeting, and the impact of insurance costs on a global organization's P&L and balance sheet.
• Strong analytical capability and high attention to detail, with the ability to reconcile complex invoices, allocations, and program financials accurately.
• Experience reviewing insurance requirements and indemnification provisions in commercial contracts and advising business partners on contractual risk transfer.
• Collaborative style with the ability to work effectively across levels, functions, and geographies; excellent listening skills required.
• Proficiency with Excel, SAP or similar ERP systems, and broker platforms; experience with reporting tools, AI usage, dashboards, and analytics preferred.

Compensation Overview

Princeton - NJ - US: $141,700 - $171,701

The starting pay range(s) listed above is

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