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West Pharmaceutical Services · 2 hours ago

Manager, Risk & Insurance

Exton, PA

Full-time

Hybrid

Mid, Senior Level

5+ years exp

West Pharmaceutical Services is a company dedicated to improving patient lives through innovative healthcare solutions. The Manager, Risk & Insurance will support the company's commercial insurance strategies globally, participating in all phases of property/casualty insurance placements and managing relationships with various stakeholders.

BiotechnologyHealth CareIndustrialManufacturingPackaging ServicesPharmaceutical

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

Qualification

Risk ManagementInsurance NegotiationsData AnalysisMS OfficeSAPLeadership SkillsLean SigmaQuality ComplianceSafety ComplianceCommunication SkillsOrganizational SkillsInitiative

Required

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

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

Maintain PA Producer license for property/casualty lines of insurance required

Preferred

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

CIC/CRM/ARM designations preferred