Insurance Manager
Company: Vaco
Location: Parsippany
Posted on: April 16, 2024
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Job Description:
The Insurance Manager is a newly created position to support the
growth and expansion of the company. This new role will be an
influential leadership position and is responsible for the
development and management of a comprehensive corporate risk
management/insurance program with a concentration licensing,
general liability, governance, risk identification, and risk
mitigation techniques. The focus of this position will be licensing
compliance and insurance risk. This position reports directly to
the upper management and will work with the compliance department
while coordinating closely with the human resources, safety, legal,
and accounting departments to implement and maintain risk
management policies and procedures to protect company's assets and
minimize exposure. Maintain licensing compliance and work with the
state and internal stakeholders.
Mitigate lapses for licenses and company risk. Work with outside
brokers. Manage certificate of insurance requests.
Primary functions include managing and monitoring licensing
compliance with applicable laws, rules, regulations, and contract
requirements, responsibility for all internal and external
compliance reporting, and developing compliance talent within the
department. Manage all insurance claims and licensing and renewals.
Partner with client/owner representatives to ensure proper
placement and coordination of project specific insurance/compliance
policies
Work with legal department to review/negotiate the terms and
conditions of insurance and compliance related items in Client
Agreements. Manage day-to-day interaction between all project
participants, brokers, and adjusters for all insurance issues.
Participate in annual insurance program renewal process, Manage and
maintain all Controlled Insurance Program related processes,
internally and externally, and function as liaison between all
participants. Manage/support any compliance or insurance audits
Corporate. Develop, grow and direct the management of overall
corporate risk strategy. Conducts risk assessments affecting the
company and creates strategies to manage licensing
opportunities.
Lead internal communication and education strategies related to
risk management initiatives
Bachelor's degree in Accounting, Risk Management, Business
Administration, or related field * 5+ years of related experience *
Solid knowledge of core risk management and insurance practices.
Strong relationship building skills; demonstrated track record
working effectively with external vendors. Ability to obtain
leadership support for change and to drive change across multiple
levels *
Keywords: Vaco, Union City , Insurance Manager, Executive , Parsippany, New Jersey
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