Takeda
biopharmaceutical
AssociateDirector,GlobalInsuranceandRiskManagement
“Associate Director, Global Insurance and Risk Management at Takeda. Skills: Global Insurance Program Management, Business Support Lead, Risk Management. Support the development, implementation, and management of the Global Risk Financing Strategy. Lead specific Global Insurance Programs and the end-to-end claims lifecycle”
Industry & Context.
Solving unique and complex problems that have a broad impact on the business
International travel from time to time, This is a hybrid role with onsite work expectations of at least 8 days per month therefore candidates must live within a commutable distance of Takeda’s Cambridge, MA office.
What They're Looking For.
Must Have
Bachelor's degree required, preferably with a concentration in Economics, Finance, Business, Law., experience in insurance risk management role in insurance/ risk industry (client facing or as a buyer), understanding of global insurance programs and client servicing, Knowledge and expertise of the global insurance markets, Knowledge of global insurance legislation, regulations and local market practice, US network within the broking and insurer communities, Association of Chartered Insurance Institute qualified or part qualified or Degree/ Alternative and relevant academic achievements.
Nice to Have
Life Sciences Sector experience preferred
What You'll Do.
Support the development
and management of the Global Risk Financing Strategy
Lead specific Global Insurance Programs and the end-to-end claims lifecycle
Ensure compliance with and adhere to all global regulations and legislation
Perform role of subject matter expert for the business in specific areas of Global Insurance responsibilities
Proactively manage appointed US global brokers
driving performance to service level agreements
Ensure Takeda employees
assets and liabilities are protected in line with global insurance placement strategy
Lead negotiation of the terms
and implementation of key US insurance program and some global insurance program
US construction/ CAPEX risk management approach and placement of project policies
Oversee and act as an escalation point when required for other Global Insurance Programs and risk processes across the group
Support and oversee the management of our main appointed US broker
and lead the global premium allocation process for programs in compliance with regulations and transfer pricing regulations
Negotiation of/ oversee reinsurance agreements and KPI’s
Actively lead arrangements for Stewardship meetings with lead insurers and other external partners
underwriting data gathering and analysis strategy for specific insurance programs
Lead strategy and production of underwriting submissions and support any market presentations
Proactively manage and grow existing long-term relationships with global insurers
Serve as a Centre of Excellence on insurance and insurance policy and risk management related issues
Provide leadership and consultative expertise for a defined region or business
Anticipate internal and / or external business challenges and / or regulatory recommend process or service improvements
Support the discussions with external captive management on renewals
documentation and claims processes
Support to the business on referrals for insurance clause review
and limits of liability discussion
Develop and update contract management guidance use by Legal
Procurement and any other business stakeholders
Provide direction on claims management strategy
Evaluation of small to large exposure claims with TPA’s and claims handlers
Liaison with Takeda Legal Counsel on claims management procedure and litigated claim strategy
Communication with site stakeholders and carrier claims teams
Invoice and settlement payment reconciliation
Preparation of open claims reports across multiple lines of business
Claims audit and review activities
Support Risk Engineering Program
Support CAPEX Insurance Process and Engineering Plan Reviews
Lead/ Support GIRM risk projects from time to time
Support the business on critical global contractual risk reviews and determine appropriate types and level of insurance
Responsibility for/ Oversee the development and implementation of any insurance Management Information systems using them to streamline insurance administration
driving out time and cost
Deliver Global Insurance awareness training to key internal stakeholder groups
Participate in and lead ad hoc risk management and other business projects as required
Onboarding and training of GIRM team
How You'll Work.
Team & Collaboration
Working as a team player and closely with key internal and external stakeholder groups; Working closely with the Head of Global Insurance and Risk Management; Closely with key internal and external stakeholder groups; Liaison with Takeda Legal Counsel; Communication with site stakeholders and carrier claims teams; Actively working with GIRM team and GMS Engineering Lead; Deliver Global Insurance awareness training to key internal stakeholder groups
Communication Scope
Communication and interpersonal skills
Process & Methodology
Excellent Organizational and Project management skills
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