Director of Global Insurance
Director of Global Insurance
Posted on :
21-05-2025
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1 Vacancy
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Job Description
Description
Director of Global Insurance will be a functional leader for developing executing and managing Fortive Corporations comprehensive global insurance program. Director of Global Insurance will oversee all aspects of Fortives corporate and captive insurance program including risk management insurance procurement claims management captive insurance operations and compliance across multiple jurisdictions.
This role will be a highprofile position reporting to the Vice President Corporate Secretary with direct interactions with CSuite executives.
Please note that this role may be remote with strong preference for a candidate in the Pacific Time Zone.
Your Key Responsibilities:
- Collaborate with senior management and other department leaders to identify insurance needs and ensure alignment with business objectives
- Design and implement the most effective global insurance strategy that aligns with the companys risk management framework
- In partnership with internal stakeholders identify existing and emerging insurable risks and recommend necessary insurance coverage.
- Oversee Fortives captive insurance operations and effectively utilize the captive as a risk management tool.
- Oversee the design placement and maintenance of corporate insurance programs including but not limited to property casualty cyber financial and specialty lines.
- Continuously review and assess insurance policies to ensure adequacy and relevance to the business needs
- Conduct regular risk assessments to identify potential exposures and develop strategies to mitigate risks
- Collaborate with various departments to review risk management practices and ensure effective implementation of policies
- Oversee the underwriting process to ensure timely and effective insurance renewals.
- Oversee the claims management process to ensure timely reporting and resolution of claims as well as review carrier coverage determinations to ensure claim denials are reasonable and appropriate.
- Partner with brokers and carriers to optimize insurance solutions and address emerging risks.
- Serve as a point of contact for internal stakeholder and external partners including brokers insurance carriers claim administrators actuaries captive managers and captive insurance regulators.
- Ensure compliance with all local and international insurance regulations
- Prepare and present regular reports to senior management insurance program and its performance.
- Utilize risk management software technological tools and other internal resources to create an efficient and effective data collection & storage process
- Foster a culture of continuous improvement and professional development within the team
- Oversee the development and career progression of direct reports
- Engage and manage outside vendors to support the function
Your Qualification Profile:
- Bachelors Degree in finance accounting economics risk management or business administration is required. Masters degree or professional certifications (e.g. Associate in Risk Management (ARM) Certified Risk Manager CRM or similar) preferred
- 15 years of experience in risk management captive insurance compliance or related fields preferably within a corporate insurance department at a large multinational company with a whollyowned captive.
- Demonstrated ability to build relationships manage internal and external teams and positively influence outcomes and drive organizational change.
- Excellent negotiation analytical and financial management skills.
- Exceptional communication and interpersonal skills to interact effectively with internal and external stakeholders.
- Experience working with senior leadership on riskrelated matters
- Indepth knowledge of risk assessment methodologies financial risk management and regulatory requirements
- Strong analytical problemsolving and critical thinking skills
- Knowledge of risk management software tools and methodologies
- Strong understanding of financial operational and regulatory risk domains
- Ability to work independently and manage multiple projects simultaneously
- High attention to detail and a proactive approach to identifying risks
- Ability to remain calm and effective under pressure
- Ethical with a high level of integrity and professionalism
#LICS23
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Required Experience:
Exec
Employment Type
Full-Time
Key Skills
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