Medtronic · 1 month ago
Insurance and Risk Management Specialist
Los Angeles, California, United States of America
Full-time
Hybrid
Mid, Senior Level
$97K/yr - $145K/yr
5+ years expMedtronic is a leader in global healthcare technology, and they are seeking an Insurance and Risk Management Specialist to oversee insurance program placement and claims management. This role involves working cross-functionally to ensure appropriate risk management strategies and to enhance the effectiveness of the Diabetes division.
Artificial Intelligence (AI)BiotechnologyHealth CareHealth DiagnosticsMedical Device
Responsibilities
Provides input and reviews Broker’s strategy for accuracy during the renewal negotiations
Coordinates internal data requests of pre-binding information by market/function in preparation to renewals (e.g., data collection and review for accuracy, compilation of underwriting and data exposure) in accordance with Insurer’s request; influences data collection timeline internally (key stakeholders) and externally (brokers)
Contributes with recommendations on renewals (e.g., risk tolerance, premiums x coverage relationship, fees, etc.) to the Sr. Director, Insurance and Risk Management
Reviews of insurance policies and endorsements for accuracy
Key point of contact for claims from triage to resolution; assists with claims settlement between key internal stakeholders and external partners (brokers and/or insurers). Notifies Sr. Director, Insurance and Risk Management to determine next steps for damages that might influence business sustainability / could impact the business or function’s ability to meet its strategic plan objectives
Manages requests for issuance and revision of COIs; coordinates COIs renewal process for internal distribution; and auto identification cards process
Supports claims management including worker’s compensation and auto insurance claims
Provides insurance budget guidance to Finance according to trends provide by the Brokers/Insurers
Coordinates premium allocation across different legal entities
Reviews premium invoices and coordinates payments; troubleshoot reconciliations if needed
Monitors of loss control program compliance and acts as key point of contact between the business and key insurers in case of visits and audits
Documents key risk management processes, insurance manuals, builds presentations to educate key stakeholders about Medtronic Diabetes Risk Management; assists with the Insurance Program Strategy Playbook and the Risk Management SharePoint site
Supports Sr. Director, Insurance and Risk Management in performing insurance due diligence reviews for mergers/acquisitions and new business, and potential Requests For Proposals (RFPs), if needed
Qualification
Required
Bachelor's Degree in Insurance, Business, or Engineering and 7 years of relevant risk management and insurance experience with emphasis on managing global risk exposures
Or, advanced degree and 5 years of relevant risk management and insurance experience with emphasis on managing global risk exposures
Preferred
Master's Degree with specialization in Risk Management, Insurance, or Finance
Professional insurance designations or equivalent experience
Professional and management liability, and property and casualty insurance experience
Expertise in professional and management liability, and property and casualty insurance, particularly within the MedTech field
Proficient in Microsoft 365 packages (Excel, PowerPoint, Word, SharePoint, Teams)
Benefits
Health, Dental and vision insurance
Health Savings Account
Healthcare Flexible Spending Account
Life insurance
Long-term disability leave
Dependent daycare spending account
Tuition assistance/reimbursement
Simple Steps (global well-being program)
Incentive plans
401(k) plan plus employer contribution and match
Short-term disability
Paid time off
Paid holidays
Employee Stock Purchase Plan
Employee Assistance Program
Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)
Company
Medtronic
Medtronic is a healthcare technology company that designs and develops AI-based products and solutions for the medical industry.
10001+ employees
H1B Sponsorship
Medtronic has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (349)
2024 (387)
2023 (291)
2022 (310)
2021 (300)
2020 (261)
Funding
Current Stage
Public CompanyTotal Funding
$18.16BKey Investors
NHS EnglandBlackstone Life SciencesTrade Capital Funding
2025-09-15Post Ipo Debt· $1.76B
2024-05-29Post Ipo Debt· $3.24B
2023-03-23Post Ipo Debt· $2B
Leadership Team
Geoffrey Martha
CEO and Chairman Of The Board Of Directors
Linnea Burman
SVP & President, Neurovascular
Recent News
2026-01-08
2026-01-07
Company data provided by crunchbase