Company DescriptionAbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas - immunology, oncology, neuroscience, and eye care - and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on X, Facebook, Instagram, YouTube, LinkedIn and Tik Tok.
Job DescriptionThe Manager, Corporate Risk Management will establish and maintain a thorough understanding of Company's business and develops partnerships across the organization to identify, quantify, manage and monitor risk as well as provide subject matter expertise. The Manager is responsible for assisting the Director with strategic projects, leads select insurance placements, and conducts contract reviews and due diligence.
Responsibilities
- Implements the strategic vision and support activities to achieve short-and long-term goals of the risk management function.
- Identifies, develops, recommends and implements appropriate strategies, policies, procedures, and systems to improve Company's risk profile as well as quantify, mitigate, manage and monitor risk across the organization.
- Leads continuous operational improvement efforts for the risk management team.
- Supports the operations of the captive insurance entity and strategic projects related to the captive.
- Introduces innovative and value-add solutions that respond to a growing and changing biopharma company.
- Leverages external data and information to create insights for the business and inform stakeholder strategies and decisions.
- Partners with business units to provide subject matter expertise and support efforts that enable the business.
- Presents company risk exposures to external insurance vendors and negotiate favorable insurance terms and prices, and direct purchase of insurance programs.
- Manages related service vendors (brokers, TPAs, insurers) including Company's Regional Risk Management team.
- Directs, provides oversight, and coordinates all aspects of the insurance programs including exposure gathering, claims management, related loss control activities and program implementation.
- Prepares loss analysis and budgets related to assigned coverages.
- Educates business partners, including subsidiaries, of insurance coverages and related risk management efforts.
- Drafts and communicates appropriate contractual standards for identified risk areas.
- Negotiates contract provisions.
- Provides guidance for risk-related sections of contracts, including insurance requirements, indemnification and limitations of liability.
- Leads due diligence, as required.
Qualifications- Bachelor's degree in in business, finance, accounting or related field. Master's degree in business, finance, or related field is preferred.
- Minimum of 7 years of experience in risk management or related experience.
- Collaborative approach to business and problem solving
- Strong analytical, problem solving, critical thinking and decision-making skills
- Ability to work independently and is a self-starter
- Ability to collaborate and foster a high performing team environment
- Ability to develop strong relationships with external parties (e.g. brokers/insurers)
- Ability to collaborate cross-functionally with diverse teams to understand business objectives
- Strong communication skills with high articulation ability, including executive messaging
- Strong computer skills, particularly Excel, Word, and PowerPoint
- Proven experience in driving change through influence;
- Demonstrated project management skills, including the ability to lead teams, produce and maintain timelines, create dashboards, track metrics, and assemble project information into clearly written reports that document findings, actions and progress.
Additional InformationApplicable only to applicants applying to a position in any location with pay disclosure requirements under state or local law:
- The compensation range described below is the range of possible base pay compensation that the Company believes in good faith it will pay for this role at the time of this posting based on the job grade for this position. Individual compensation paid within this range will depend on many factors including geographic location, and we may ultimately pay more or less than the posted range. This range may be modified in the future.
- We offer a comprehensive package of benefits including paid time off (vacation, holidays, sick), medical/dental/vision insurance and 401(k) to eligible employees.
- This job is eligible to participate in our short-term incentive programs.
- This job is eligible to participate in our long-term incentive programs
Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, incentive, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole and absolute discretion unless and until paid and may be modified at the Company's sole and absolute discretion, consistent with applicable law.
AbbVie is an equal opportunity employer and is committed to operating with integrity, driving innovation, transforming lives and serving our community. Equal Opportunity Employer/Veterans/Disabled.
US & Puerto Rico only - to learn more, visit https://www.abbvie.com/join-us/equal-employment-opportunity-employer.html
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