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Manager, Corporate Insurance

LOCATION: 

Charlotte, NC, US, 28208

REQ ID:  36096

Sealed Air is in business to protect, to solve critical packaging challenges and to leave our world better than we found it. Our portfolio of leading packaging solutions includes CRYOVAC® brand food packaging, SEALED AIR® brand protective packaging and BUBBLE WRAP® brand packaging, which collectively enable a safer, more efficient food supply chain and protect valuable goods shipped around the world. Sealed Air generated $4.9 billion in sales in 2020 and has approximately 16,500 employees who serve customers in 115 countries. To learn more, visit www.sealedair.com.

Summary

Our Treasury team is looking for a dynamic individual to join our Corporate Insurance space. The successful candidate will report to the Director, ERM & Corporate Insurance who oversees enterprise and insurance risk management. This position will be responsible for managing the day to day aspects of the corporate insurance function. Key responsibilities include managing the property/casualty insurance renewals, overseeing various loss prevention/reduction strategies, contract reviews and captive administration. The Manager, Corporate Insurance will be the internal point of contact for all insurance related inquires and will work closely with brokers, vendors, and internal functions (e.g. Legal, Supply Chain, HR, EH&S, etc.). The successful candidate will need strong time management and detailed oriented skills while also demonstrating strategic and sound decision making qualities to help reduce the Company’s total cost of risk.

Responsibilities

•    Manage the day to day operations of the Company’s corporate insurance department and captive insurance company
•    Manage global insurance programs
o    Set timelines, deliverables and strategy with brokers in advance of each insurance renewal 
o    Collect and analyze underwriting data and prepare renewal submissions 
o    Develop and co-present marketing submissions directly to underwriters
o    Continuously review exposures of the Company and implement effective risk financing solutions (e.g. risk transfer, captive, retain, etc.) 
o    Review renewal documentation (e.g. quotes, binders, policies, invoices, etc.) for accuracy
o    Process and validate all insurance related invoices 
o    Resolve accounting, premium payment and reimbursement discrepancies
o    Prepare insurance budgets 
•    Oversee claims prevention and management 
o    Act as primary liaison between internal personnel and third-party claims management teams 
o    Develop and implement risk control strategies to prevent losses (e.g. workers’ compensation, auto, property, etc.), working in conjunction with the Company’s broker, third party service providers and internal EH&S team
o    Manage claims throughout lifecycle from reporting to final settlement to optimize both cost effectiveness and timely closure
•    Manage broker and third-party service provider relationships and drive accountability for service and deliverables
•    Review insurance provisions within supplier and customer contracts 
•    Coordinate captive insurance company administrative activities and transactions
•    Maintain Schedules of Insurance and create ad-hoc reporting for management (e.g., Total Cost of Risk, Budget based on Fiscal Year, etc.)
•    Identify variances to forecasted P&L based on claim development or insurance premiums and communicate those variances to management 
•    Automate, document and/or improve processes that bring value to the Company and/or stakeholders 
•    Explore new ways to optimize Company’s captive insurance company and lead implementation with relevant internal and external stakeholders  
 

Qualifications

Required
•    Bachelor’s degree in risk management, insurance and/or finance 
•    4+ years of experience in insurance and risk management
•    Proven ability to work across functions within a global organization, adapting to varied and changing requirements in a fast-paced environment 
•    Excellent analytical skills and attention to detail
•    Solid proficiency in Excel and PowerPoint
•    Effective, clear and concise written and oral communication skills
•    Sound judgment and strong decision-making skills 

Preferred
•    Experience with a Fortune 500 company with global operations 
•    ARM and/or CPCU designation
•    Experience with the operations of a captive insurance company
 

Requisition id: 36096 

Relocation: Yes  

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability or protected veteran status.

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WHY WORK AT SEALED AIR?

It is our responsibility to leverage what we have to affect positive and meaningful change for our communities and planet using Sealed Air’s global resources and expertise.

  • Corporate sustainability. It’s about improving the lives of people around the world by addressing pressing needs in the communities where we and our customers operate.
  • Customer Success. Meeting our customers' needs. At Sealed Air it’s more than a goal, it’s an integral part of our business practices, our innovative solutions, and our values.
  • Leaving our communities better than we found them through dedication of time, talent and resources.


Nearest Major Market: Charlotte

Job Segment: Underwriter, Claims, Supply Chain Manager, Risk Management, Insurance, Operations, Finance

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