Corporate Insurance Specialist overseeing global insurance coverage and captive duties at State Street Corporation. Responsible for compliance, vendor relationships, and insurance claims management.
Responsibilities
Design, secure and monitor a global insurance program encompassing all lines of insurance coverage
Insurance Captive supervision and related third-party vendor management responsibilities
Ensure global compliance with all regulatory and insurance requirements
Effectively negotiate insurance terms and conditions and review insurance policies and endorsements for accuracy
Serve as an insurance expert for contracting, including client and third-party vendor contracts, RFP and Due Diligence questionnaires
Manage and grow insurance brokerage and carrier relationships
Manage the internal network of global colleagues in order to execute insurance needs
Manage the certificate of insurance process for all global business functions
Facilitate the reporting and management of insurance claims, while acting as the liaison between State Street, the insurance community and outside counsel
Monitor the insurance program expenses in compliance with budget strategies
Assist with various insurance risk management initiatives or projects as necessary
Requirements
7 plus years of relevant global insurance/risk management experience required
Expertise in Professional and Management Liability and Property and Casualty insurance
Experience with insurance Captives and the reinsurance market
High degree of attention to detail
Strong multitasking skills while delivering high standards of quality
Excellent written and verbal communication skills, including the ability to work across all levels of management
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