Corporate Risk and Insurance Manager

Company: Masimo Corporation
Location: Irvine
Posted on: May 13, 2022

Job Description:

Skip to main content. Esc Corporate Risk and Insurance Manager Irvine, CA, United States Job Description Job Summary: The Risk Manager will support our Global Treasury & Risk Management operations. Duties & Responsibilities:

• Multi-Line Global Programs: Responsible for the administration of the company's global P&C and D&O insurance programs, including the negotiation and renewal. Identifies potential risk exposures, recommends solutions, implements approved programs, promotes loss prevention, and monitors compliance. Provides research and analytical support to optimize protection of Masimo's balance sheet.
• Insurance Renewal: Leads an efficient and effective process for collecting, analyzing, and reporting renewal (and audit) information. Reviews insurance binders and policies for accuracy. Prepares insurance budget, premium invoicing payment and allocation.
• Business Partnering: Interacts with various teams across the company, including Legal/Contracts, Human Resources, Facilities, Clinical, Sales, Accounting and Tax. Builds strong partnerships with business units to identify trends, and to incorporate feedback into the structure of the company's global insurance programs. Develops and implements best practices related to risk management. Responds to inquiries from internal and external parties as well as from carrier and vendor partners. Advises on day-to-day issues and concerns involving insurance coverages, claims, certificates of insurance and policies.
• Contracts: Reviews lease, customer and vendor contracts to ensure appropriate insurance coverage and limitation of liability terms.
• Certificates of Insurance: Coordinates requests for certificates of insurance (COIs) based on contractual requirements. Ensures updated COIs are provided to credentialing partners and certificate holders in connection with policy renewals. Reviews incoming certificates of insurance.
• Loss Control: Coordinates loss control visits by insurance company and broker personnel with local facilities. Communicate and follow-up on loss control recommendations as required.
• Claims Management: Responsible for directing the company's global claim processes. Creates reports and processes for monitoring and benchmarking of claim activity to Senior Management. Leads regular claims, reserves, and reviews to evaluate the company's current and future exposure to claims and losses. Provides timely notification of claims to insurance carriers. Manages all phases of the claims process from intake and investigation through settlement, participating in negotiations, conferences and mediations with adjusting companies, legal counsel, and other involved parties.
• M&A Support: Conducts due diligence for mergers & acquisitions, including review of existing coverages and adequacy of coverages, underwriting data, claims history, specialty coverages, etc.
• Assists with treasury and insurance related tasks and projects as assigned. Minimum & Preferred Qualifications and Experience: - Minimum Qualifications:
  • 5+ years of experience in Corporate Risk Management.
  • Knowledge of risk management (P&C, Cyber D&O), claims, security and safety, and business continuity.
  • Proficient in Microsoft Office Suite.
  • Advanced knowledge of Microsoft Excel, and dashboards.
  • Excellent verbal, written and interpersonal communication skills; ability to deal effectively with staff, management, and financial institutions.
  • High level of commitment to quality work product and organizational ethics, integrity, and compliance.
  • Superior organization skills and attention to detail.
  • Growth mindset. Ability to multi-task in a fast-paced environment.
  • Curiosity to learn the business, improve processes and strive for excellence. Preferred Qualifications: Risk Management/Insurance certifications preferred: ARM, CPCU, CRM, CIC, or equivalent. Education: Bachelor's degree in Risk Management, Finance, Business Administration or related fields. About Us For over thirty years, Masimo has been expanding the boundaries of noninvasive monitoring to improve patient outcomes and reduce the cost of care. Today, Masimo delivers a portfolio of hospital-trusted monitoring solutions to help increase patient safety, health, and wellness in the hospital and at home. When you join our team, you'll be part of a culture that's driven by passion, challenging the status quo, and making an impact in the lives of others. Masimo is a federal contractor and therefore subject to the requirements outlined in Executive Order 14042. Consistent with the Executive Order, employees will be required to submit proof of vaccination prior to their start date as a condition of employment. Masimo is an equal opportunity employer and reasonable accommodation requests will be considered. Masimo is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected Veteran Status, or any other characteristic protected by applicable federal, state or local law. ***NO AGENCIES PLEASE*** Thank you! About the Team The Finance teams oversee Masimo's financial planning, auditing, and accounting, as well as produces the company's financial statements. Apply Now
    • Job Identification 916
    • Posting Date 01/19/2022, 09:44 PM
    • Job Schedule Full time
      • Locations US-Alton Skip to main content.
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Keywords: Masimo Corporation, Irvine , Corporate Risk and Insurance Manager, Executive , Irvine, California