The Corporate Insurance Specialist partners with the Corporate Insurance Manager and Risk Management team to manage and optimize the company's insurance portfolio, with a focus on property-related programs. This role evaluates risk exposures, secures appropriate coverage, and ensures alignment with organizational risk tolerance and industry best practices.
This role exercises independent judgment in negotiating insurance terms, analyzing coverage adequacy, and recommending program improvements. Serving as a company-wide subject matter expert, this position provides guidance on coverage interpretation, policy language, and insurance implications for business operations and contracts. Through collaboration with brokers, carriers, and internal stakeholders, this role ensures the company's insurance programs effectively protect assets and support sound risk management principles.
This role requires proficiency using a PC and Microsoft Office Suite (Access, Excel, Outlook, PowerPoint, and Word). Ideal candidate will have strong attention to detail, organizational skills, ability to effectively prioritize and complete daily tasks, and the desire and capacity to learn. Prior work experience with corporate insurance, including commercial policies, is required.
MINIMUM REQUIREMENTSEducation: Bachelor of Business Administration (BBA) preferred.
Experience: Require 5-7 years, prefer 8-10+ years of experience with insurance broker, carrier, or TPA; or with an employer; related to the corporate insurance policy(ies) and/or program management.
Travel: 0-20%
Work Schedule: This position works between the hours of 7 AM and 5 PM, Monday- Friday. However, work may be performed at any time on any day of the week to meet business needs.
KEY RESPONSIBILITIES- Leads the procurement and ongoing management of the company's property insurance program, ensuring adequate coverage and alignment with organizational risk tolerance.
- Performs detailed coverage analyses, evaluating geographic exposures and potential weather-related risks to determine appropriate policy limits, sublimits, and deductibles.
- Identifies potential gaps in coverage or sublimit and deductible concerns and recommends adjustments to ensure comprehensive protection.
- Communicates coverage details-including limits, deductibles, and key terms-to business leaders to promote understanding of risk exposure and insurance placement rationale.
- Provides strategic input to leadership on property risk trends and insurance program optimization opportunities.
- Maintains in-depth knowledge of the company's full insurance portfolio, including the various lines of coverage and their strategic purpose.
- Evaluates insurance terms and conditions to ensure alignment with organizational needs, risk exposure, and industry best practices.
- Negotiates contractual insurance requirements with vendors, partners, and clients to ensure adequate protection consistent with company standards and coverage levels.
- Provides guidance to internal stakeholders on insurance obligations and compliance considerations related to contracts.
- Acts as a direct liaison to insurance brokers and carriers.
- Serves as a company-wide subject matter expert on corporate insurance programs, providing guidance and interpretation of coverage terms, policy language, and claims processes.
- Performs other related duties as required and assigned.
The job description and responsibilities described are intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.
