The Global Risk and Insurance Specialist provides technical and analytical support on the procurement and management of Aramark’s global insurance programs. Individual will prepare timely and accurate underwriting submissions and support the administration and issuance of insurance documentation. Individual will also manage, review and evaluate requests for information, proposals, contracts, etc identifying potential liability exposures, regulatory compliance concerns, insurance program compliance and other enterprise risk issues, collaborating as necessary various stakeholders.
Insurance Programs:
• Support the administration of the day-to-day corporate insurance program
• Assist with collection and analysis of underwriting and loss data, independently preparing submissions and completing applications for renewals, providing timely to Director, Global Risk & Insurance. Supports Director with insurer and brokerage personnel questions arising out of the applications / renewals.
• Works with Director, Global Risk & Insurance on the preparation of presentation materials for insurer market and participates in meetings
• Verifies receipt and accuracy of coverage binders, policies, endorsements and all other coverage documentation within established specifications. Tracks and monitors timely completion of policy delivery, corrections and necessary changes by brokers / insurers.
• Supports the review of premium, broker and tax invoices for accuracy and payment
• Assists in creating/maintaining premium payment schedules as well as global corporate allocations
• Maintain Schedules of Insurance and create ad-hoc reporting for management (e.g., Total Cost of
Risk, Budget based on Fiscal Year, etc.)
Contracts:
• Review Requests for Information, Requests for Proposals and other new business ventures to analyze complex risk issues associated with new business opportunities effectively communicating findings within Global Risk Management, Line of Business and Aramark in-house legal team
• Identify potential risk issues such as liability and property exposures, potential regulatory compliance concerns, environmental matters, and other business risks within the scope of the document types being reviewed
• Effectively communicate with internal stakeholders to obtain clarification concerning new business opportunities, associated risks, and risk mitigation strategies
• Engage appropriate members of Global Risk Management team to assist in evaluation and assessment of new business opportunities
• Engage appropriate members of brokerage partner teams to assist in reviewing contract language, evaluating industry norms and coverage applicability
• Participate in negotiations with client/supplier legal or risk teams on contract language.
Additional Position Duties/Responsibilities:
Support certain routine insurance programmatic functions, including but not limited to:
• Post-binding activities- Tracking and filing incoming binders, policies, endorsements, etc
• Maintaining portfolio of insurance program summaries
• Support certain claims management functions, including but not limited to reviewing policies to find coverage, coordinating coverage opinions with broker personnel, maintaining electronic claims files in RMIS system, etc.
• Performs other duties as assigned
Candidate will report to the Director, Global Risk & Insurance
Experience – 2-3 years experience in the Insurance & Risk Management industry (corporate risk management, broker, insurer,risk finance etc) required.
Education – Bachelor’s degree from an accredited college or university, preferably in business administration, risk management or a related field required
• Proficiency in use of Microsoft Office (Word, Outlook, Excel, PowerPoint, Access) and database systems
• Proven ability to work across functions within a global organization, adapting to varied and changing
requirements in a fast-paced environment
• Ability to manage deadlines
• Excellent analytical skills and attention to detail
• Effective, clear and concise written and oral communication skills
• Sound judgment and strong decision-making skills
Preferred
• Experience with a Fortune 500 company with global operations
• Experience managing data and building reports for insurance programs
• Advanced level experience with Excel to produce large data sets and data consolidation
• ARM and/or CPCU designation, Brokers License
Work Environment
This job operates in an office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, and filing cabinets.
Aramark offers comprehensive benefit programs and services for eligible employees including medical, dental, vision, and work/life resources. Additional benefits may include retirement savings plans like 401(k) and paid days off such as parental leave and disability coverage. Benefits vary by location and are subject to any legal requirements or limitations, employee eligibility status, and where the employee lives and/or works. For more information
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