Tasks
Position overview
The Risk & Insurance Manager is a dedicated team member and expert, who is able to understand complex risks and insurance topics in a global environment and work with all Business Partner levels, including executives, and communicate effectively manage North American Risks in liaison with the parent company. Reporting to the Senior Manager, Treasury & Risk Management, Porsche’s Risk & Insurance Manager is a highly motivated, organized, self-starter who is able to work both independently and collaboratively in a fast-paced, high performance environment.
Roles & responsibilities
- Conduct internal risk analysis and market analysis to proactively manage risks and cover them with adequate insurance.
- Work with international affiliates on globally-managed insurance coverages
- Explain complex insurance coverages and risk to Business Partners and especially to the CFO
- Manage Insurance Broker relationships and work closely with the Broker in preparing the annual budget submission, and provide periodic financial forecasts consistent with risk profile
- Assist in creating internal policies that align with risk goals
- Support ongoing development of risk management culture through education, internal collaboration with Business Partners, and timely identification and resolution of risk management concerns
- Coordinate and support insurance site visits, inspections, and audits, working closely with various departments to facilitate such visit
- Manage complex insurance claims, including subrogation: auto, CGL, marine, worker’s compensation, property, business interruption, etc. In liaison with the brokers and parent company insurance division
- Closely coordinate with Legal regarding insurance claims management and litigation
- Coordinate annual policy renewals, including local placements
- Administer insurance policies and invoices
- Manage the insurance budget closely, optimize premiums and deductible to cover the risks
- Make recommendations to the Senior Manager, Treasury & Risk Management and CFO to improve coverage of risks
- Provide regular financial and risk reporting to the Senior Manager, Treasury & Risk Management and CFO
- All other duties as assigned
Qualifications
Required qualifications include:
- At least Undergraduate degree in Risk Management, Insurance Business, Finance or related field required.
- Must have at least 5 -7+ years of relevant experience.
- Excellent written and oral communication.
- Strong time management, a self-starter.
- Good analytical, organizational, collaboration, influencing, and presentation skills.
- Proven experience reviewing, documenting, and identifying process/control weaknesses.
- Solid understanding and experience with internal control frameworks.
- Strong analytical skills including the ability to spot assess and address risk, materiality and interdependencies and translate it into impact analysis for financial reporting and recommendations for improvement.
- Strong communication skills presenting internal control and risk matters in an understandable way across various forums and levels of the organization with the appropriate level of detail.
- Adaptable to working in a fast paced, ever-changing environment.
- Focused on continuous improvement and process optimization.
- Ability to work well independently as well as the ability to work with stakeholders
- Ability to prioritize work to deliver results quickly and on time
Preferred qualifications include:
- Experience in automotive and/or marketing or having worked with an insurance broker.
- German language proficiency