Manager - Insurance

Job Description Summary

The role as Insurance Manager, reporting to the Head of Global Insurance, will support the building and developing of GE Vernova's Global Insurance function. The Manager - Insurance will develop a thorough understanding of GE Vernova's business and develop partnerships across the business and the insurance industry to enable the identification, quantification and management of insurable risk as well as provide subject matter expertise. This role will provide risk management expertise and guidance in achieving compliant and efficient insurance programs and ensures relevant risks are adequately covered by way of insurance or other risk management techniques.

Job Description

Roles and Responsibilities

• Lead or assist in select insurance placements, including the management and negotiation of coverage. Renewal of these programs involves setting renewal strategy; collection and presentation of underwriting data; negotiation of policy terms, conditions , and endorsements

• Drive the reduction of insurable risk in partnership with the operating team in the segments/business

• Management and further development of GE Vernova's Origami RMIS application to ensure timely and accurate collection and retention of insurance policy placement data and associated claims, insurance policy governance, and provision of program services inclusive of claim reporting and certificate issuance

• Drive/ collaborate on risk profile improvement in key areas including employee safety, cyber security governance and sourcing and commercial contractual terms related to indemnity, limitation of liability and insurance requirements

• For select insurance placements, ensure third-party administrators are adjusting claims in accordance with required standards and Delegation of Authority; drive/ oversee timely and appropriate resolution of risk transfer claims; collaborate with finance and/or legal to ensure all outstanding claims are properly valued and reserved; and work with captive as appropriate

• Assist the Head of Insurance with strategic priorities; lead placement and management of select insurance placements inclusive of claim resolution; and lead service delivery

• Create educational material and provide access to self-help information/ provide educational sessions to empower users to independently make well-informed decisions involving insurance and allocation of insurable risk

Required Qualifications

• Bachelor's degree in finance, risk management or related field

• 5-8 years of risk management experience in large commercial insurance lines or risk management; global and international program experience preferred

Desired Characteristics

• Risk management designation/certification (ARM, CPCU) a plus

• Demonstration of key finance competencies

• Strong leadership experience, including demonstrated ability to create and develop teams and partnerships; set strategy; project manage and deliver committed results

• Strong written and oral leadership communication and executive presence

• Risk management mindset, anticipating issues and potential mitigation

• Strong technical knowledge of insurance program coverages and markets

• Experience in RMIS systems

• Experience in claim process oversight and claim resolution

• Energy industry knowledge desired

Additional Information

GE offers a great work environment, professional development, challenging careers, and competitive compensation. GE is an Equal Opportunity Employer (~~~) . Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.

GE will only employ those who are legally authorized to work in the United States for this opening. Any offer of employment is conditioned upon the successful completion of a drug screen (as applicable).

Relocation Assistance Provided: No

#LI-Remote - This is a remote position