Corporate Insurance Specialist, VP

State Street • Boston, MA

1d • $110,000 - $181,250

About The Position

Who we are looking for The Corporate Insurance department is responsible for securing a global insurance program and providing insurance expertise for State Street Corporation. The department is looking for a motivated insurance expert to oversee State Street’s global insurance needs and insurance Captive duties. The Corporate Insurance Specialist will be responsible for securing and monitoring all lines of insurance in coordination with State Street’s global footprint and assist with the supervision of an insurance Captive. The Corporate Insurance department is comprised of highly experienced individuals with Management and Professional Liability and Property and Casualty backgrounds. This cohesive team works closely together to cross-train and provide support on all insurance coverages. In addition to placing a global insurance program and supporting the insurance Captive, the Corporate Insurance Specialist will be responsible for reviewing contracts, recommending vendor insurance requirements, acting as an insurance subject matter expert for all business units globally and managing relationships with the insurance brokerage and underwriting community. What you will be responsible for Design, secure and monitor a global insurance program encompassing all lines of insurance coverage Insurance Captive supervision and related third-party vendor management responsibilities Ensure global compliance with all regulatory and insurance requirements Effectively negotiate insurance terms and conditions and review insurance policies and endorsements for accuracy Serve as an insurance expert for contracting, including client and third-party vendor contracts, RFP and Due Diligence questionnaires Manage and grow insurance brokerage and carrier relationships Manage the internal network of global colleagues in order to execute insurance needs Manage the certificate of insurance process for all global business functions Facilitate the reporting and management of insurance claims, while acting as the liaison between State Street, the insurance community and outside counsel Monitor the insurance program expenses in compliance with budget strategies Assist with various insurance risk management initiatives or projects as necessary

Requirements

• 7 plus years of relevant global insurance/risk management experience required
• Expertise in Professional and Management Liability and Property and Casualty insurance
• Experience with insurance Captives and the reinsurance market
• High degree of attention to detail
• Strong multitasking skills while delivering high standards of quality
• Excellent written and verbal communication skills, including the ability to work across all levels of management
• Proven team-building and collaborative skills
• Bachelor’s degree

Responsibilities

• Design, secure and monitor a global insurance program encompassing all lines of insurance coverage
• Insurance Captive supervision and related third-party vendor management responsibilities
• Ensure global compliance with all regulatory and insurance requirements
• Effectively negotiate insurance terms and conditions and review insurance policies and endorsements for accuracy
• Serve as an insurance expert for contracting, including client and third-party vendor contracts, RFP and Due Diligence questionnaires
• Manage and grow insurance brokerage and carrier relationships
• Manage the internal network of global colleagues in order to execute insurance needs
• Manage the certificate of insurance process for all global business functions
• Facilitate the reporting and management of insurance claims, while acting as the liaison between State Street, the insurance community and outside counsel
• Monitor the insurance program expenses in compliance with budget strategies
• Assist with various insurance risk management initiatives or projects as necessary

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level