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Location: 

Southfield, MI, US

Insurance Risk Manager

 

Drive Your Career


Lear Corporation is the leading Tier 1 automotive supplier serving all of the world's major automotive manufacturers with our world-class automotive seating and automotive electrical products. Our products are developed and produced by a diverse, talented team of more than 165,000 people. With operations in 39 countries, Lear operates in every major automotive manufacturing region in the world. For our globally positioned and successful teams, we are looking for dedicated talents with zest for action and enthusiasm. If you love challenges, want to experience development opportunities unrestrained, and want recognition that pays off, then you've come to the right place with Lear.

 

INSURANCE RISK MANAGER
SOUTHFIELD, MICHIGAN – WORLD HEADQUARTERS

 

As a member of the Treasury team, the Insurance Manager will be responsible for identifying corporate exposures to loss and implementing appropriate insurance risk management techniques to eliminate or reduce the impact of such loss on the ability of the corporation to perform at a desirable level.  Responsible for administration of the insurance management function.

 

The Role:

Your work will include, but not be limited to:

 

Strategy & Planning

  • Develop an insurance related risk management strategy for the corporation, identifying both short and long-term goals
  • Research, evaluate and make recommendations regarding current and state-of-the-art trends in risk management, safety, loss control and claims management strategies
  • Interact with other risk management professionals throughout the organization (i.e. foreign exchange, commodities, interest rate, operational) to coordinate insurance related risk mitigation techniques to these functional areas if and when appropriate
  • Review potential acquisitions to identify significant risk management and insurance issues and make recommendations
  • Identify and analyze potential impact of exposures of loss faced by the corporation and the cost/benefit of providing insurance coverage
  • Ad hoc projects working with Corporate Treasury

 

Standards Setting

  • Establish contract standards for insurance and indemnification wording
  • Establish standards for cost allocations
  • Develop standard processes and procedures for risk management functions

 

Communications

  • Provide consultation and technical advice on insurance and risk management issues to corporate and business units management
  • Provide leadership to corporate and to subsidiary personnel in adopting the best-demonstrated practices of companies that have been very successful in the area of risk management; monitor results of these activities
  • Prepare and present financial and departmental reports to management
  • Develop and maintain a Risk Management Program Manual for distribution to corporate and business units management
  • Prepare and manage annual risk management and insurance budget, including cost allocations to business units

 

Insurance Purchases

  • Oversee the Property and Casualty insurance programs, including self-insured programs
  • Negotiate insurance placement pricing, structure and limits for all property, casualty and other insurance policies and service agreements
  • Conduct cost/benefit analysis of program alternatives
  • Evaluate adequacy of limits and appropriateness of retentions/deductibles

 

Program Processes and Procedures

  • Review leases, contracts and other legal documents to evaluate appropriateness of wording and assure compliance with insurance and risk management policies
  • Analyze and distribute property and casualty reports to business units
  • Develop and maintain historical exposure information
  • Develop and retain vital information regarding corporate risk management programs

 

Safety and Loss Control

  • Coordinate internal and external loss control activity
  • In conjunction with business units management maintain a Safety Policy and appropriate procedures, with identifying benchmarks
  • In conjunction with business units, develop a safety strategy for creating a safe work environment and for reducing the incidence of worker injury
  • Assist business units with their review and inspection of facilities with a focus on loss reduction
  • Review, report and provide recommendations on loss prevention reports

 

Claims Management

  • Oversee insurance claims management and claim litigation processes
  • Analyze loss data to identify trends and identify appropriate cost containment techniques
  • Investigate major losses and negotiate settlements
  • Collaborate with legal and other personnel on pertinent claims matters
  • Establish formalized claims service standards with service providers
  • Provide direction in development of an effective Post-Loss Injury Management Program

 

Your Qualifications:

 

  • College degree, preferably with area of study in Business, Finance, or Risk Management
  • Minimum five years in risk management field
  • Managerial experience
  • Excellent oral and written communication skills
  • Strong interpersonal skills
  • Leadership abilities
  • Excellent administrative and organizational skills

 

 

Bonus If You Have:

  •  Advanced degree preferred
  • Safety, loss prevention, and claims training desirable

 

 

Lear Corporation is an Equal Opportunity Employer, committed to a diverse workplace.

 

Applicants must submit their resume for consideration using our applicant tracking system. Due to the high volume of applications received, only candidates selected for interviews will be contacted. Candidates must be legally authorized to work in the United States without sponsorship. Unsolicited resumes from search firms or employment agencies, or similar, will not be paid a fee and will become the property of Lear Corporation.