Job Description
The Global Risk and Insurance Specialist provides technical and analytical support Aramark on the procurement and management of the global insurance programs. Individual will prepare timely and accurate underwriting submissions and d support the administration and issuance of insurance documentation. Individual will also manage, review and evaluate requests for information, proposals, contracts, etc identifying potential liability exposures, regulatory compliance concerns, insurance program compliance and other enterprise risk issues, collaborating as necessary with other subject matter experts and Aramark in-house legal teams
Job Responsibilities
Insurance Programs
- Support the administration of the day-to-day corporate insurance program
- Assist with collection and analysis of underwriting and loss data, independently preparing submissions and completing applications for renewals, providing timely to Director, Global Risk & Insurance. Supports Director with insurer and brokerage personnel
- questions arising out of the applications / renewals.
- Works with Director, Global Risk & Insurance on the preparation of presentation materials for insurer market and participates in meetings
- Verifies receipt and accuracy of coverage binders, policies, endorsements and all other coverage documentation within established specifications. Tracks and monitors timely completion of policy delivery, corrections and necessary changes by brokers /insurers.
- Supports the review of premium, broker and tax invoices for accuracy and payment
- Assists in creating/maintaining premium payment schedules as well as global corporate allocations
- Maintain Schedules of Insurance and create ad-hoc reporting for management (e.g., Total Cost of Risk, Budget based on Fiscal Year, etc.
Want more jobs like this?
Get Project Management jobs in Philadelphia, PA delivered to your inbox every week.
Contracts
- Review Requests for Information, Requests for Proposals and other new business ventures to analyze complex risk issues associated with new business opportunities effectively communicating findings within Global Risk Management Line of Business and Aramark in-house legal team
- Identify potential risk issues such as liability and property exposures, potential regulatory compliance concerns, environmental matters, and other business risks within the scope of the document types being reviewed
- Effectively communicate with internal stakeholders to obtain clarification concerning new business opportunities, associated risks, and risk mitigation strategies
- Engage appropriate members of Global Risk Management team to assist in evaluation and assessment of new business opportunities
- Engage appropriate members of brokerage partner teams to assist in reviewing contract language, evaluating industry norms and coverage applicability
- Review renewal contracts and identify potential risk issues, policy compliance concerns and look for areas to improve on language where available.
- Participate in negotiations with client/supplier legal or risk teams on contract language.
Additional Position Duties/Responsibilities
- Post-binding activities- Tracking and filing incoming binders, policies, endorsements, etc
- Maintaining portfolio of insurance program summaries
- Keeping Risk Management Information System current
- Support certain claims management functions, including but not limited to reviewing policies to find coverage, coordinating coverage opinions with broker personnel, maintaining electronic claims files in RMIS system, etc.
Performs other duties as assigned
Candidate will report to the Director, Global Risk & Insurance.
Candidate will liaise with all Lines of Business, Legal, Corporate Staffs and external insurers, brokers and consultants.
Qualifications
Experience: 2-3 years experience in the Insurance & Risk Management industry (broker, insurer, etc) preferred.
- excellent interpersonal skills, with the ability to interface with all levels of management, internally and externally.
- excellent verbal and written communication skills (including email and telephone)
- excellent reading, reviewing, and retention ability
- excellent time and project management skills with ability to prioritize and meet deadlines in order to review voluminous documents in brief period of time and to manage competing deadlines and priorities.
- strong working knowledge of insurance concepts and policies
- computer software and web-based applications skills (Excel, Word, Windows, Access)
Education: Bachelor's degree from an accredited college or university, preferably in business administration, risk management or a related field
Proficiency in use of Microsoft Office (Word, Outlook, Excel, PowerPoint, Access) and database systems
- Proven ability to work across functions within a global organization, adapting to varied and changing requirements in a fast-paced environment
- Ability to manage deadlines
- Excellent analytical skills and attention to detail
- Effective, clear and concise written and oral communication skills
- Sound judgment and strong decision-making skills
Preferred:
- Experience with a Fortune 500 company with global operations
- Experience managing data and building reports for insurance programs
- Experience with large data sets and data consolidation
- ARM and/or CPCU designation, Brokers License
Physical demands
- Sitting for extended periods while working at a computer.
- Occasional standing or walking during meetings or office tasks.
- Manual dexterity to operate a computer keyboard, mouse, and other office equipment.
- Visual acuity to read detailed documents and computer screens.
- Speaking and hearing to communicate effectively in person, over the phone, and in virtual meetings.
- Occasional lifting of files or office supplies up to 15 pounds.
Work Environment
This job operates in an office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets.
About Aramark
Our Mission
Rooted in service and united by our purpose, we strive to do great things for each other, our partners, our communities, and our planet.
At Aramark, we believe that every employee should enjoy equal employment opportunity and be free to participate in all aspects of the company. We do not discriminate on the basis of race, color, religion, national origin, age, sex, gender, pregnancy, disability, sexual orientation, gender identity, genetic information, military status, protected veteran status or other characteristics protected by applicable law.
About Aramark
The people of Aramark proudly serve millions of guests every day through food and facilities in 15 countries around the world. Rooted in service and united by our purpose, we strive to do great things for each other, our partners, our communities, and our planet. We believe a career should develop your talents, fuel your passions, and empower your professional growth. So, no matter what you're pursuing - a new challenge, a sense of belonging, or just a great place to work - our focus is helping you reach your full potential. Learn more about working here at http://www.aramarkcareers.com or connect with us on Facebook, Instagram and Twitter.