Senior Manager - Insurance
Company: General Electric
Location: Schenectady
Posted on: May 8, 2024
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Job Description:
Job Description SummaryJob DescriptionThe role as Senior
Manager
Please read the information in this job post thoroughly to
understand exactly what is expected of potential candidates.
- Insurance, reporting to the Head of Global Insurance, will
support the building and developing of GE Vernova's Global
Insurance function.
The Sr Manager - Insurance will develop a thorough understanding of
GE Vernova's business, and in conjunction with the Head of
Insurance develop, partnerships across the business and the
insurance industry to enable the identification, quantification and
management of insurable risk as well as provide subject matter
expertise.
This role will provide risk management expertise and guidance in
achieving compliant and efficient insurance programs and ensures
relevant risks are adequately covered by way of insurance or other
risk management techniques. -Roles and Responsibilities:Lead select
insurance placements, including the management and negotiation of
coverage.
Renewal of these programs involves setting renewal strategy;
collection and presentation of underwriting data; negotiation of
policy terms and conditions with detailed review and technical
knowledge of policy form terms, conditions, and endorsements -Drive
the reduction of insurable risk in partnership with the operating
team in the segments/business -Management and further development
of GE Vernova's Origami RMIS application to ensure timely and
accurate collection and retention of insurance policy placement
data and associated claims, insurance policy governance, and
provision of program services inclusive of claim reporting and
certificate issuance -Drive/ collaborate on risk profile
improvement in key areas including employee safety, cyber security
governance and sourcing and commercial contractual terms related to
indemnity, limitation of liability and insurance requirements -For
select insurance placements, ensure third-party administrators are
adjusting claims in accordance with required standards and
Delegation of Authority; drive/ oversee timely and appropriate
resolution of risk transfer claims; collaborate with finance and/or
legal to ensure all outstanding claims are properly valued and
reserved; and work with captive as appropriate -Assist the Head of
-Insurance with strategic priorities; lead placement and management
of select insurance placements inclusive of claim resolution; and
lead related service delivery -Create educational material and
provide access to self-help information/ provide educational
sessions to empower users to independently make well-informed
decisions involving insurance -and allocation of insurable
riskRequired Qualifications:Bachelor's or Master's degree in
finance, risk management or related field -8-10 years of risk
management experience in large commercial insurance lines or risk
management; global and international program experience preferred -
-Desired Characteristics:Risk management designation/certification
(ARM, CPCU) a plus -Demonstration of key finance competencies
-Strong leadership experience, including demonstrated ability to
create and develop teams and partnerships; set strategy; project
manage and deliver committed results -Strong written and oral
leadership communication and executive presence -Risk management
mindset, anticipating issues and potential mitigation -Strong
technical knowledge of insurance program coverages and markets
-Experience in RMIS systems -Experience in claim process oversight
and claim resolution -Energy industry knowledge desired -The salary
range for this position is $150,000
- $250,000 USD Annual.
The specific salary offered to a candidate may be influenced by a
variety of factors including the candidate's experience, their
education, and the work location.Job SummaryJob number:
R3754406Date posted : 2024-03-20Profession: FinanceEmployment type:
Senior Level
Keywords: General Electric, Pittsfield , Senior Manager - Insurance, Accounting, Auditing , Schenectady, Massachusetts
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