Senior Director Insurance & Risk Financing

Siemens Healthineers

6d•$174,580 - $240,053

About The Position

The Senior Director Insurance & Risk Financing leads Siemens Healthineers’ insurance activities across the Americas, with particular focus on US operational insurance risk management, including workers’ compensation and automobile risks. Reporting to the Global Head of Corporate Insurance, this role implements the global corporate insurance strategy in the Americas within the established governance framework. It manages regional insurance operations, locally required US insurance programs, stakeholder coordination, and professional insurance and risk-management advice to the businesses. The role oversees the US insurance portfolio, significant claims, regional claims and reserve processes, insurance collateral and financial administration, external service providers, and support for property risk management and loss prevention at production sites. It advises business stakeholders on insurance, contracts, and M&A matters; coordinates regional projects and risk-reduction initiatives; and represents the US within the Global Corporate Insurance organization. The position leads and develops a regional US-insurance team expected to comprise two associates.

Requirements

A successfully completed university degree in business administration, finance, law, engineering, risk management, insurance, or a comparable field; alternatively, extensive relevant experience and recognized insurance or risk-management qualifications equivalent to that expertise.
10+ years of relevant professional experience in corporate insurance, insurance brokerage, an insurance company, claims management, or operational risk management.
Strong knowledge of the US commercial insurance market and practical experience designing, placing, and renewing US workers’ compensation and automobile insurance programs.
Sound experience in claims management, claims analytics, reserve reviews, actuarial coordination, and collateral management for deductible or self-insured insurance arrangements.
Familiarity with operational management of casualty, property, workers’ compensation, automobile, and other corporate insurance programs.
Experience coordinating insurance renewals, collecting and validating exposure information, supporting premium allocations, and administering insurance billing and documentation.
Practical experience reviewing contractual insurance requirements and providing insurance and risk-management advice to business stakeholders.
Experience supporting M&A transactions, insurance due diligence, or insurance-program separation and transition activities.
Experience managing employees or small professional teams and an interest in developing people.
Experience coordinating complex projects involving multiple internal and external stakeholders, often within demanding timelines.
Strong operational mindset, sound professional judgment, and understanding of how regional insurance activities fit within a global corporate insurance framework.
Ability to take ownership while recognizing global governance, decision-making authorities, and escalation requirements.
Highly organized, reliable, and able to manage multiple insurance, claims, and project activities simultaneously.
Strong analytical and conceptual skills, including the ability to turn complex claims, exposure, and insurance information into practical recommendations.
Clear and confident communication with business stakeholders, senior management, insurers, brokers, actuaries, auditors, and other external partners.
Skill in coordinating stakeholders with different perspectives and driving matters toward timely, practical solutions.
Collaborative leadership style and ability to foster an environment where team members can contribute, develop, and perform effectively.
Proficiency using insurance data, claims information, dashboards, and digital tools, and motivation to improve and standardize operational processes.
Excellent written and spoken English.
Willingness to travel within the Americas and internationally as required.

Nice To Haves

Additional language skills.

Responsibilities

Lead operational insurance and risk management for the Americas, ensuring implementation of global insurance strategy, policies, and governance.
Service corporate insurance programs locally and oversee regional programs, annual renewals, exposure-data collection, coverage administration, and transitions to independently administered insurance arrangements.
Manage the US insurance portfolio, including workers’ compensation, automobile, and other locally required coverages.
Serve as the primary US contact for brokers and insurers; manage relationships, renewals, insurer negotiations, and the US placement strategy in alignment with Global Corporate Insurance.
Oversee significant claims, settlement strategies, loss developments, and litigation reviews, working with businesses, brokers, insurers, and claims administrators to support resolution and sustainable risk reduction.
Direct regional claims, actuarial, and reserve-management processes, including claims-data validation, actuarial reviews, reserve calculations, loss forecasting, and support for external audits.
Ensure quality, transparency, and consistency of claims and reserve information, and coordinate communication among actuaries, auditors, insurers, brokers, and internal stakeholders.
Oversee regional insurance collateral and financial administration, including legacy and ongoing collateral requirements, premium allocations, billings, and certificates of insurance.
Provide senior insurance and risk-management advice to Americas businesses on risk-specific matters, insurance coverage, customer and project contracts, and M&A transactions.
Lead regional insurer negotiations and align material coverage and strategic decisions with the Global Head of Corporate Insurance.
Manage local insurers, brokers, third-party administrators, and other external service providers by establishing expectations, monitoring service quality, and ensuring timely and accurate delivery.
Coordinate regional insurance projects, risk-reduction initiatives, claims dashboards, and measures to improve transparency and operational effectiveness.
Support property risk management and loss prevention at Americas production sites, partnering with risk engineers and site leadership to assess property and fire exposures, prioritize recommendations, and implement fire and asset-protection standards.
Lead and develop the US-insurance team, set priorities, allocate responsibilities, and foster a collaborative, high-performing environment.
Represent the US within the Global Corporate Insurance organization and support cooperation across businesses, functions, countries, and external partners.