Treasury Sr. Manager, Insurance

JOB DESCRIPTION SUMMARY

The Senior Manager, Insurance, reporting to the Director, Global Risk Management, will support the development of The Sherwin-Williams Company’s insurance strategy.  This position will gain a thorough understanding of the Company’s operations and build partnerships across the business and insurance industry to be able to identify, quantify and manage insurable risks.  This role will provide risk management expertise and guidance to ensure relevant risks are adequately covered by insurance or other risk management alternatives. 

CORE RESPONSIBILITIES AND TASKS                                       

Insurance Program Design and Procurement

1. Assists with designing insurance program structure (i.e. limits, retentions, policy form, etc.), selection of insurers, and binding of policies; including auto, GL, product, property, D&O, EPLI, pollution liability, fiduciary, crime, marine cargo, aviation, cyber, and other ancillary policies. 
2. Researches, collects, compiles, and prepares underwriting information for global insurance renewals, and represents the company in underwriting meetings.

Relationship Management

1. Assists with developing, cultivating and managing relationships with internal stakeholders and third-party service providers including legal, brokers, insurers and third-party claims management administrators.

Loss Reduction and Control

1. Understands the company’s operational risks and supports department leadership in measuring and managing insurable risks by preparing loss analyses and creating ad hoc reports to track KPI’s and identify loss trends.
2. Analyzes insurance issues, recommends solutions, and implements programs to optimize operations.

Claims Management

1. Oversees the management of all property and insured liability claims in conjunction with brokers, insurers, legal counsel and third-party administrators.
2. Participates in trials and mediations with internal and external legal counsel.
3. Manages all aspects of the company’s subrogation efforts.

Compliance / Other

1. Manages all aspects of the company’s insurance captive.
2. Review various types of contracts and agreements to verify insurance language is compliant with company purchased insurance policies and company approved language.
3. Monitors compliance with safety / risk management policies and updates as necessary.
4. Prepares annual budget.
5. Acts as administrator for the Company’s risk management system.

POSITION REQUIREMENTS

FORMAL EDUCATION:

Required:

•  Bachelors degree in finance, business administration or related field

Preferred:

• MBA

KNOWLEDGE & EXPERIENCE:

Required:

• 8-10 years of insurance, or related financial experience, in a large, global organization
• Strong leadership experience, including demonstrated ability to develop teams and create partnerships

Preferred:

• Background in manufacturing 
• Experience working with risk management systems

TECHNICAL/SKILL REQUIREMENTS:

Required:

• Strong knowledge of global insurance markets and products
• Experience managing large and/or complex claims
• Sound understanding of basic financial and accounting concepts and their applicability to insurance
• Proficient in MS Office - Excel, Word and Power Point
• Technical aptitude to successfully work with specific management systems (i.e Origami)

Preferred:

• Experience with OneStream and/or Oracle Cloud
• Familiarity with insurance captives

Travel up to 5%

Here, we believe there’s not one path to success, we believe in careers that grow with you. Whoever you are or wherever you come from in the world, there’s a place for you at Sherwin-Williams. We provide you with the opportunity to explore your curiosity and drive us forward. Sherwin-Williams values the unique talents and abilities from all backgrounds and characteristics. All qualified individuals are encouraged to apply, including individuals with disabilities and Protected Veterans. We’ll give you the space to share your strengths and we want you show us what you can do. You can innovate, grow and discover in a place where you can thrive and Let Your Colors Show! 
At Sherwin-Williams, part of our mission is to help our employees and their families live healthier, save smarter and feel better. This starts with a wide range of world-class benefits designed for you. From retirement to health care, from total well-being to your daily commute—it matters to us. A general description of benefits offered can be found at http://www.m