Associate Director Risk Management & Insurance

Date Posted:

2024-05-29

Country:

United States of America

Location:

MA600: Andover, MA 366 Lowell St 366 Lowell Street , Andover, MA, 01810-5423 USA

Position Role Type:

Hybrid

RTX Corporation is an Aerospace and Defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises three industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, and Raytheon. Its 185,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Arlington, VA.    

  

To realize our full potential, RTX is committed to creating a company where all employees are respected, valued and supported in the pursuit of their goals. We know companies that embrace diversity in all its forms not only deliver stronger business results, but also become a force for good, fueling stronger business performance and greater opportunity for employees, partners, investors and communities to succeed.  

The following position is to join our RTX Corporate, Enterprise Services, Research Center or BBN team: 

Brief Department Description

We have an opening for an Associate Director, Risk Management & Insurance in Raytheon Technologies (RTX) Treasury department in the area of Risk Management & Insurance. This is not an executive level role. This role can be Hybrid based in either Boston Area or NYC area or full remote based on the eastern seaboard and is responsible for partnering with RTX business segments to provide technical support and guidance on all matters related to risk management and insurance. This position reports directly to the Director of Risk Management & Insurance for RTX Corporate Finance. Selected candidate will be required to work business hours that align with Eastern U.S. time.

JOB DESCRIPTION

What you will do:

• Partner with Raytheon Company/Business Segment (RTX business segments to provide technical support and guidance on all matters related to risk management and insurance.
• Oversight and management of all US and international insurance programs for RTX including: Property/Asset Protection; Marine Cargo/Transit, Workers Compensation/Employers Liability; Defense Base Act; Claims Coordination, Aviation, Auto liability, and General Liability
• Identification of insurance risks associated with the defense segment
• Support the following: 
  • Mergers, Acquisitions and Divestitures
  • Cost Forecasting
  • Risk Finance
• Partner with brokers, insurers and Third-Party Adjusters Administrators of the corporation to ensure quality of risk management services to Raytheon.
• Administer all aspects of the Defense Base Act policy pursuant to the corporate standard.
• Provide insurance claim reporting, contract review technical guidance and training to the RTX departments including Finance, Enterprise Services, Engineering, Contracts Legal, EH&S, Operations and Supply Chain Management Departments.
• Interact with business leaders on all major construction projects and site expansions.
• Take part in RTX Learning and Development initiatives including RTX CORE and annual ethics courses.
• Provide technical support and guidance to the business on all aspects of Risk Management and Insurance
• Provide periodic updates on all relevant Risk Management issues to the RTX leadership teams.
• Support functional process improvements within Risk Management including leading topical discussions for the group.
• Other duties as necessary to put in place a leading global Risk Management program for RTX
• Review insurance renewal data.

Qualifications you must have

• A Bachelors degree in Accounting, Finance, Business or related field and at least 12 years of relevant experience or an advanced degree and 10 years’ experience gained in a large corporate Risk Management setting
• Good interpersonal skills, including ability and desire to communicate, collaborate, and coordinate with others throughout RTX Finance organizations, at RTXHQ and Business Units.
• 10 years of Risk Management experience in a large multi-national corporate environment
• 10 years of experience in multi-line property and casualty insurance portfolio
• 5 plus years of experience and/or knowledge of the defense contracting environment

Education Experience Skills and Certifications

• This role typically requires a Bachelors degree in Accounting, Finance, Business or relat