Global Risk Management Assistant Treasurer

Position Title: 

Assistant Treasurer

 

Pay Rate:

$167,000 - $223,400

 

Category/Shift:

Salaried Full-Time

 

Physical Location:

6400 Poplar Avenue

Memphis, TN

 

This position is primarily responsible for strategically managing the Company’s global property and casualty risks.  Treatment options include risk avoidance, reduction, transfer, assumption, and insurance purchase.  Insurance purchases must provide cost-effective protection to the Company, legal and regulatory compliance throughout the world, and related services that facilitate doing business with customers, suppliers, and other partners. Another key responsibility is property/asset loss prevention, which includes a heavy reliance on internal and external loss prevention engineering resources to prevent losses before they occur, and to reduce impacts if they do occur; this requires coordination and alignment with various internal groups, including Technology, EHS, and operations.   This position is also responsible for the oversight and administration of insurable claims, including contracting with appropriate firms to best serve the needs of the Company; a key aspect here is providing cost-efficient, best-in-class services and support for approximately 1,000 U.S. workers’ compensation claims annually.  Key customers include both the corporation and its stakeholders, as well as the business groups and their individual facilities. This position must consider risk management programs that leverage the company’s financial strength, balance short- and long-term needs and priorities, and also take into account impacts on business groups and facilities.

 

The Job You Will Perform:

• Arrange cost-effective insurance programs and services that reliably protect the Company’s people and assets and facilitate the Company’s ability to conduct business, by applying knowledge, experience, analytical skills, and relationships in the global insurance and risk management markets. 
• Ensure a value-added property/asset loss prevention program that drives risk reduction for IP facilities, by sharing meaningful data about exposures to influence capital project and employee training decisions, and by communicating and coordinating on priorities and initiatives with groups including EHS and Technology. 
• Direct, motivate, and ensure strong performance from a diverse group of employees that manage insurance, accounting, engineering, claims, and other functions, by providing vision, motivation, and direction, along with appropriate development, training, processes, and controls. 
• Provide excellent support and services to IP operations globally, by ensuring that we partner with and effectively manage the best insurance brokers, insurers, claims administrators, and other service providers. In particular, for workers’ compensation claims we must balance ensuring a positive experience and outcome for injured employees with pursuing innovative ways to mitigate increasing medical costs and litigation that pressure this $35 million annual spend. 
• Consistently reduce IP’s total cost of risk over time, by strategically looking for opportunities to collaborate with other groups internally and pursuing creative solutions that drive long-term value. 
• Deliver value and manage risks associated with mergers, acquisitions, divestitures and other corporate transactions, by applying subject matter expertise related to transaction liabilities during the due diligence process.