Risk Manager

Arrow Electronics•Centennial, CO

10d•Hybrid

About The Position

What You'll Be Doing: Support the Director of Global Risk Management during insurance renewals by gathering data, completing formal applications, carrier selections, negotiations of terms, conditions and pricing and accurate policy issuance Manage the Workers Compensation program including claims management, actuarial vendor, internal budget and claim expense allocations, annual OSHA log and site reporting postings, mandatory payroll filings (WA, OHIO, Canadian provinces) and annual DART metric. Responsible for premium audits (Workers Compensation, General Liability) Coordinate information between Arrow internal stakeholders and various insurance brokers and insurance carriers Directly accountable for the management of the enterprise-wide risk management program (ERM), including risk identification, analysis, prioritization, mitigation, and monitoring Review insurance and indemnification requirements associated with contracts for vendors, contractors, affiliation agreements, etc. Manage the Certificate of Insurance program Manage all Surety Bonds Maintain the internal Risk Management department website Provide risk management consultation and guidance to internal stakeholders Assist on collection and review of exposure information for insurance renewals, audits, budget forecasting, local in-country invoicing and corporate allocations Manage premium allocations, invoicing and payment processes Routinely interface with Insurance industry professionals, all levels of management and multiple business units within the Company Prepare and report annual budget of corporate insurance expenses and internal allocations Respond to risk and liability related concerns and issues of internal and external stakeholders and recommend proper loss prevention and loss reduction techniques Stay apprised of new coverages, developing trends and exposures, and market conditions Create ad-hoc and monthly reports and act as key risk resource in providing data as needed Management of all lines of insurance claims management Determine appropriate actions coordinating the filing of all claims with outside brokers, consultants, insurance adjusters, legal counsel, and other departments as well as tracking progress and working closely with stakeholders and insurance carriers through claim resolution Preferred - Experience with the Diligent ERM platform What We Are Looking For: Education: Bachelor’s Degree; Course of Study: Risk Management, Business, Finance, or related field Experience: 3+ years’ experience in Risk Management for a multi-national Fortune 500 company either in a corporate environment, a commercial insurance brokerage firm or commercial insurer in any related field (underwriting, claims, broker placement or client advisory role) Demonstrated knowledge of core commercial insurance principles, underwriting requirements, understanding of coverage forms, risk identification/assessment, claims management and ability to interpret and explain policy coverage Solid knowledge of technical tools such as financial, analytical, accounting, and statistical tools Self-motivated, able to bring projects and reports to conclusion with little direction and guidance Ability to work efficiently in pressure situations and demonstrate a high level of flexibility in a rapidly changing environment Highly proficient working knowledge of Microsoft Office - Outlook, Word, Excel, PowerPoint and Teams and ability to sort data, create pivot tables, presentations, and graphs Ability to learn new technical concepts, skills and analytics and make data driven decisions Work experience managing global insurance programs Strong data analytics skills, including use of RMIS and computer modeling Knowledge of Enterprise Risk Management software and platforms preferred Experience reviewing contracts to manage, limit, and transfer risk Strong interpersonal and communication skills, with ability to professionally communicate both verbally and in writing with employees and outside partners of all levels, recognizing and appropriately responding to others’ perspectives Familiarity and experience with various risk management techniques Strong negotiation skills and ability to drive negotiations to favorable results Experience with financial terminology and/or interpreting Legal or Quality documents a plus Will need to manage multiple projects and tasks independently, exercising initiative and ability to adapt to change. Must be comfortable dealing with ambiguous situations and issues Experience working in Oracle Hyperion Financial Management systems

Requirements

Bachelor’s Degree; Course of Study: Risk Management, Business, Finance, or related field
3+ years’ experience in Risk Management for a multi-national Fortune 500 company either in a corporate environment, a commercial insurance brokerage firm or commercial insurer in any related field (underwriting, claims, broker placement or client advisory role)
Demonstrated knowledge of core commercial insurance principles, underwriting requirements, understanding of coverage forms, risk identification/assessment, claims management and ability to interpret and explain policy coverage
Solid knowledge of technical tools such as financial, analytical, accounting, and statistical tools
Self-motivated, able to bring projects and reports to conclusion with little direction and guidance
Ability to work efficiently in pressure situations and demonstrate a high level of flexibility in a rapidly changing environment
Highly proficient working knowledge of Microsoft Office - Outlook, Word, Excel, PowerPoint and Teams and ability to sort data, create pivot tables, presentations, and graphs
Ability to learn new technical concepts, skills and analytics and make data driven decisions
Work experience managing global insurance programs
Strong data analytics skills, including use of RMIS and computer modeling
Experience reviewing contracts to manage, limit, and transfer risk
Strong interpersonal and communication skills, with ability to professionally communicate both verbally and in writing with employees and outside partners of all levels, recognizing and appropriately responding to others’ perspectives
Familiarity and experience with various risk management techniques
Strong negotiation skills and ability to drive negotiations to favorable results
Will need to manage multiple projects and tasks independently, exercising initiative and ability to adapt to change. Must be comfortable dealing with ambiguous situations and issues
Hybrid: Tuesday, Wednesday, Thursday required office days for Panorama Office site; Monday, Friday-work from home.

Nice To Haves

Experience with the Diligent ERM platform
Knowledge of Enterprise Risk Management software and platforms preferred
Experience with financial terminology and/or interpreting Legal or Quality documents a plus
Experience working in Oracle Hyperion Financial Management systems

Responsibilities

Support the Director of Global Risk Management during insurance renewals by gathering data, completing formal applications, carrier selections, negotiations of terms, conditions and pricing and accurate policy issuance
Manage the Workers Compensation program including claims management, actuarial vendor, internal budget and claim expense allocations, annual OSHA log and site reporting postings, mandatory payroll filings (WA, OHIO, Canadian provinces) and annual DART metric.
Responsible for premium audits (Workers Compensation, General Liability)
Coordinate information between Arrow internal stakeholders and various insurance brokers and insurance carriers
Directly accountable for the management of the enterprise-wide risk management program (ERM), including risk identification, analysis, prioritization, mitigation, and monitoring
Review insurance and indemnification requirements associated with contracts for vendors, contractors, affiliation agreements, etc.
Manage the Certificate of Insurance program
Manage all Surety Bonds
Maintain the internal Risk Management department website
Provide risk management consultation and guidance to internal stakeholders
Assist on collection and review of exposure information for insurance renewals, audits, budget forecasting, local in-country invoicing and corporate allocations
Manage premium allocations, invoicing and payment processes
Routinely interface with Insurance industry professionals, all levels of management and multiple business units within the Company
Prepare and report annual budget of corporate insurance expenses and internal allocations
Respond to risk and liability related concerns and issues of internal and external stakeholders and recommend proper loss prevention and loss reduction techniques
Stay apprised of new coverages, developing trends and exposures, and market conditions
Create ad-hoc and monthly reports and act as key risk resource in providing data as needed
Management of all lines of insurance claims management
Determine appropriate actions coordinating the filing of all claims with outside brokers, consultants, insurance adjusters, legal counsel, and other departments as well as tracking progress and working closely with stakeholders and insurance carriers through claim resolution

Benefits

Medical, Dental, Vision Insurance
401k, With Matching Contributions
Short-Term/Long-Term Disability Insurance
Health Savings Account (HSA)/Health Reimbursement Account (HRA) Options
Paid Time Off (including sick, holiday, vacation, etc.)
Tuition Reimbursement
Growth Opportunities
Discounted RTD Passes, with convenient office location off RTD Light Rail (Dry Creek Exit)
On-site Café with Catering Option for Busy Lifestyles
24/7/365 On-site Gym and Lockers, Free for Use to All Employees!
Bike Racks
And more!