US Cold Storage

  • Risk and Insurance Manager

    City US-NJ-Camden
    Job ID
    2018-1402
    Type
    Full-Time
    Location Name
    US Cold Storage Inc.
  • Overview

    Responsible for driving and implementing the strategic approach to risk management throughout USCS, reviewing and managing transferable and non-transferable elements of the company’s risk profile.

    Develop and maintain relevant networks, both internally and externally, to help in the identification and management of the commercial and operational risks faced by USCS.

    Ensure a high level of service is provided to internal and external customers for claims management and operational insurance administration.

    Responsibilities

    ESSENTIAL DUTIES AND RESPONSIBILITIES include, but are not limited to, the following:

    Insurance

    • Work with the parent company of USCS (JS&S London) to support global placements, governance requirements and group wide projects
    • Manage the annual casualty insurance renewal with the brokers
    • Work with brokers on the management of the insurance program, meeting the administrative demands of the business, including certificates, contract advice and coverage questions
    • Drive the best coverage whilst maintaining competitive pricing for the company
    • Continuously review the retention levels within the business to ensure that they are providing the best return from the insurance market and in line with the group risk appetite

    Claims Management

    • Set clear policies and guidelines for the regions and warehouses to adhere to
    • Manage the administration of claims in a timely and effective manner
    • Interpret and communicate relevant trends identified from the claims data
    • Provide senior level support to regional offices on any major or contentious claims
    • Work with other departments to co-ordinate pre / post loss analysis
    • Provide relevant financial and behavioral metrics to the USCS Board

    Risk Management

    • Develop a sound understanding of the risk profile of USCS
    • Advise of risk identification, assessment and mitigation techniques
    • Maintain and develop the Group Risk Management Policy, Guidelines and governance structures

     

    Relationships

     

    •  Maintain and review broker relationships
    • Maintain relationship with Risk Manager at the parent company in London
    • Encourage the sharing of best practices across regions and warehouses
    • Provide appropriate training on risk and insurance, where necessary

    Finance

     

    • Collaborate to establish budgets, explaining variances and related reporting
    • Understand and manage Total Cost of Risk within the Group which incorporates all cost to the business associated with retained risk, financial tools (letter of credit / collateral), insurance placements and third-party appointments

    Qualifications

    • 10 years’ experience within the insurance industry
    • Recognised qualification within insuranc
    • Broad knowledge across all commercial lines of insurance (including property damage, business interruption, liability, workers compensation, marine and motor)
    • Experience in establishing and maintaining risk governance structures

    • Excellent organizational skills
    • Required key competencies include Communication Proficiency, Presentation skills, Project Management, Business Acumen, Technical Capacity, Personal Effectiveness/Credibility and others.

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