Associate Director, Global Insurance and Risk Management

Takeda•Cambridge, MA

9d•$154,400 - $242,550•Hybrid

About The Position

At Takeda, we are driven by our purpose: to create better health for people and a brighter future for the world. As a global, values-based biopharmaceutical leader, we put patients at the center of everything we do. Our mission is to discover and deliver life-transforming treatments, guided by integrity, innovation, and a commitment to sustainability. Join us and be part of a collaborative culture that empowers you to make a meaningful impact on global health. About the Role Working closely with the Head of Global Insurance and Risk Management to support the development, implementation, and management of the Global Risk Financing Strategy and ensuring there is alignment with the overall group 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 and has in depth and /or breadth of expertise in own disciplines with the function and wider business. Working as a team player and closely with key internal and external stakeholder groups. Involved in developing, modifying, and executing company policies or solving unique and complex problems that have a broad impact on the business, that affect immediate operations, disciplines, or other BU’s/ BF’s/ Regions

Requirements

Bachelor's degree required, preferably with a concentration in Economics, Finance, Business, Law.
Strong experience in insurance risk management role in insurance/ risk industry (client facing or as a buyer)
Strong 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
Strong US network within the broking and insurer communities
Association of Chartered Insurance Institute qualified or part qualified or Degree/ Alternative strong and relevant academic achievements.
Drive and self-motivation
Excellent Organizational and Project management skills
Strong Communication and interpersonal skills and ability to build and manage senior internal and external relationships
Adaptability and capacity to work under pressure
Strong Technical insurance knowledge
Decision making and strong negotiation skills
Emotional Intelligence
Ability to work independently, with guidance in the most complex situations

Nice To Haves

Life Sciences Sector experience preferred, (but not essential)

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 (including Workers Compensation, Automobile Liability, Cyber Liability)
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.
Continuously improve, Develop, implement, 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.
Oversee, and lead the annual, 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 issues; 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, indemnification, and limits of liability discussion.
Develop and update contract management guidance use by Legal, Procurement and any other business stakeholders as and when required.
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 - actively working with GIRM team and GMS Engineering Lead to support the business with fire risk engineering
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 (with support from GIRM team) 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 (new members or when new initiatives/ processes are implemented)