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
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