Senior Insurance Manager - Florham Park, NJ

Job Field: LEIN - Legal & Insurance
Location: Florham Park, NJ, US
Company: BASF Corporation
Job Type: Standard
Job ID: EN_US_1701479

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, age, citizenship, color, religion, sex, marital status, national origin, disability status, gender identity or expression, protected veteran status, or any other characteristic protected by law.

Description

At BASF, we create chemistry through the power of connected minds. By balancing economic success with environmental protection and social responsibility, we are building a more sustainable future through chemistry. As the world’s leading chemical company, we help our customers in nearly every industry meet the current and future needs of society through science and innovation. We provide a challenging and rewarding work environment and are always working to form the best team—especially from within, through an emphasis on lifelong learning and development. We are constantly striving to become an even better place to work. BASF has been recognized by Forbes Magazine as one of America’s Best Employers in 2016. Come join us on our journey to create solutions for a sustainable future! Further information on BASF is available on the internet at www.basf.com or in the Social Media Newsroom at newsroom.basf.com. Where the Chemistry Happens… Do you have a have a strong understanding of risk management and commercial insurance placements? Do you have knowledge of contractual insurance provisions and strong negotiations skills? Are you able to lead and influence others and develop and maintain relationships with team members and with customers? We have a great opportunity for a Senior Insurance Manager to join our Florham Park, NJ, team and who has experience in, risk management; commercial insurance placements and claims handling with an emphasis on property insurance including loss prevention programs; reviewing and negotiating contracts to minimize the risk to BASF. Senior Insurance Manager (1701479) – Florham Park, NJ Under the general direction of the Director, Insurance, you will identify potential areas of property, liability, financial loss and other business risks. You will develop, implement and administer insurance coverage and other risk transfer mechanisms to protect the financial security of the corporation. You will also Identify and implement potential mechanisms for cost savings, including alternatives to traditional insurance coverageFormula for Success: You Will…

• Identify, analyze and implement value-added services and cost-saving opportunities in the areas of risk management and alternative risk financing. Develop specifications, oversee collection and compilation of exposure data, coordinate marketing, and participate in negotiating policy language and policy premiums for property, financial and other insurance lines.
• Experience working in a globally matrixed organization preferred.
• Coordinate and monitor loss prevention programs and services for all plant locations.
• Review various business contracts to determine if the terms of the agreements and insurance requirements are reasonable and consistent with BASF’s insurance programs and risk mitigation philosophy as well as assessing potential risk exposures.
• Provide advice and expertise to the business units regarding the insurance coverage available and coordinate and advocate for the business units in claim negotiations.
• Assess the company’s risk profile and risk appetite and makes recommendations for improvements. Manage the relationships and coordinate the activities of third parties including brokers, insurance companies, captive manager, claims representatives and other service providers.
• Maintain awareness of the insurance markets for significant changes/trends as well as developing issues.

Create Your Own Chemistry: What We Offer You… Adding value to our customers begins with adding value to you. You@BASF is the suite of benefits, perks, programs and unique opportunities we offer to support you—the whole you—in all stages of your life and career. With you@BASF, you create your own chemistry. The total rewards that you receive as a BASF employee go way beyond a paycheck. From competitive health and insurance plans, to robust retirement benefits that include company-matching contributions, to making sure you never stop learning, we believe investing in you is investing in our success. Working for a large, global organization, you’ll have a chance to grow professionally and personally, expand your network and build a rewarding and dynamic career.

Qualifications - BASF recognizes institutions of Higher Education which are accredited by the Council for Higher Education Accreditation or equivalent

Ingredients for Success: What We Look for in You…

• Bachelor’s degree required with Risk Management, Finance, Business preferred. MBA, CPCU, CRM, ARM or JD a plus.
• Minimum 7 years of progressive experience in risk management; experience with insurance placement, claims handling and/or loss control experience required
• Must be able to review and assess the risks under various types of contracts, clearly explain the risks to the business units and assist in the negotiation of terms.
• Knowledge of property insurance and safety and loss prevention practices and programs is required; experience in the design and implementation of property insurance programs and processes required.
• Knowledge of Finance is required; plant operations experience is preferred.
• Excellent verbal and written communication skills.
• Must be able to interact with people at all levels of the organization; strong entrepreneurial drive.

Nearest Major Market: New Jersey
Job Segment: Risk Management, Manager, MBA, Finance, Management