Executive leader responsible for HP Inc.’s Global Risk Management function. Responsible for the leadership, direction, and implementation of an effective Risk Management department including risk identification, quantification, execution of insurance contracts, claims management, and executive insurance consulting. The ideal candidate will be a seasoned executive with a strong leadership, management, and communication skills and a demonstrated ability to manage risk analytics that cover retentions and coverage levels. Strong negotiation skills.
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Oversees the company’s insurance risk management programs by identifying, quantifying, controlling, and monitoring insurance-related exposures along with maintaining excellent relationships with insurance brokers and underwriters.
Manages HP’s Property Damage, Casualty, D&O, E&O, Financial, Marine, and other insurance programs which cover over $10 billion in assets, tens of millions in premiums, and $2+ billion in coverage across more than 20 insurers and all of HP’s business units and worldwide geographies.
Owns the process of identifying, measuring, and managing insurable or hazard risks.
Measures and controls the corporation’s “cost-of-risk” while implementing changes and maximizing improvements in programs from the standpoint of both cost and risk mitigation.
Provides support for initiatives, including M&A activities, related integrations, and ad-hoc projects.
Evaluates customer contract requirements for risk indemnification, limitation of liability and warranty clauses, identification and quantification of risk exposures, and recommend strategies to mitigate risk.
Accountable for leading a team of individual contributors for the risk management function ensuring timely and effective delivery of all deliverables.
Manages and oversees HP’s Captive insurance companies and associated reporting.
Ensures that the strategies and initiatives within area of accountability are integrated with corporate and business strategy.
Effectively manages and maintains high-level relationships with variety of third party service providers.
Required Professional Experience
Minimum 15 years of risk management experience, preferably in a global technology or manufacturing environment.
Experience with highly complex multi-national insurance programs utilizing a variety of self-insurance, reinsurance and traditional risk transfer techniques
Experience evaluating renewal proposals, preparing financial comparisons of competing proposals, making recommendations to senior management; reporting and monitoring/managing claims and evaluating reasonableness of loss reserves.
Required Knowledge/Skills
Expert knowledge of risk management techniques and strategies, including risk identification, quantification and assessment, risk retention (self-insurance), risk transfer (insurance, contractual, indemnity agreements), loss control and risk mitigation.
Strong leadership skills and ability to work effectively in a large, complex organization and have the ability to identify and respond to complex risk management situations with the highest professional standards and ethics, ensuring the highest level of customer service.
Excellent interpersonal, managerial and communication skills required.
Must demonstrate strong initiative, excellent organizational and analytic skills and close attention to detail.
Ability to provide risk management consultation to senior executives.
Excellent understanding of insurance principles, financial analysis, and global insurance regulatory environment.
In-depth knowledge of commercial insurance along with that of claims management and loss control.
Excellent project management and prioritization skills.
Excellent people management and collaboration skills
Ability to build partnerships across functions and geographies.
Excellent consulting, influence, and negotiation skills. Minimum 15 years of risk management experience, preferably in a global technology or manufacturing environment.
Education Requirements
First level university degree with a focus in business or risk management.
Advanced degree strongly preferred.
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