Manager, Global Insurance & Risk

The Global Insurance and Risk Manager is a key member of the risk management team with the primary responsibility for supporting Lineage’s global strategic risk management and insurance strategy. This involves identifying, assessing and assisting with the mitigation of company risks, while ensuring Lineage has appropriate insurance coverage in place based on the application of total cost of risk analysis. The Global Insurance and Risk Manager will collaborate with internal teams, external stakeholders, and insurance providers to safeguard the organization's assets and operations.
The Global Insurance and Risk Manager will have two (2) direct reports: An Insurance and Risk Analyst and Claims Analyst.

Key Responsibilities:

• Global Insurance Management:
  • Oversee the company’s global insurance programs, including but not limited to property, casualty, workers compensation, environmental, director and officers, financial lines, warehouse legal liability, etc.
  • Develop and implement strategies for insurance coverage to ensure adequacy, compliance, and cost-effectiveness across all regions and subsidiaries
  • Conduct regular reviews of insurance policies, working closely with brokers and insurers to evaluate coverage options and optimize terms
  • Stay abreast of global insurance trends, emerging risks, and regulatory changes, and adjust strategies as needed to ensure the organization remains protected
  • Manage the renewal process for insurance policies, preparing necessary documentation and facilitating negotiations with insurers to achieve the best outcomes.
  • Ensure the company maintains proper documentation and audit trails for insurance policies, claims, and risk assessments.
  • Manage collateral positions
• Risk Assessment and Mitigation Strategies:
  • Identify and assess risks across the organization, including operational, financial, regulatory, and strategic risks, on a global scale
  • Collaborate with cross-functional teams to ensure effective risk identification, assessment, and mitigation at both the global and local levels
  • Develop and implement comprehensive risk management strategies and frameworks to minimize potential losses and operational disruptions
  • Conduct risk assessments and loss prevention analysis, recommending improvements and control measures to reduce the impact of risks
  • Review contracts, leases, and financing agreements for insurance and indemnity issues
  • Advise leadership on best practices for reducing risk and strive for alterative risk management opportunities
  • Assist with the evaluation, implementation and management of insurance captive
  • Coordination with Safety, Legal, Finance, Construction and Executive Leadership Teams
• Claims Management:
  • Oversee the claims process, including working with internal teams and external adjusters to ensure accurate and timely claims reporting, tracking, and resolution
  • Monitor and report on claims trends, providing insights to senior management for continuous improvement
• Analysis and Reporting:
  • Prepare and present regular risk and insurance reports to senior management, highlighting key issues, performance metrics, risk assessments (existing and potential), and recommendations for coverage improvements
  • Communicate risk management strategies to all departments to foster awareness
  • Interface with Accounting and Finance teams globally on insurance and risk management expenses; including actuals, budgets, forecasts, variances and the underlying business/market drivers
• Vendor and Stakeholder Management:
  • Build and maintain strong relationships with insurance brokers, underwriters, legal advisors, and other third-party vendors
  • Work closely with internal legal and finance teams to manage the interaction between insurance policies, corporate governance, and financial risk
  • Educate and train team members on risk management principles, insurance coverage, and procedures
• M&A: Lead due diligence and risk management for acquisitions

Educational/Job Experience Requirements

• Bachelor’s degree in business administration, preferred Accounting, Finance, or Risk Management
• Five (5) to Seven (7) years of experience in risk management
• Strong knowledge of insurance products and risk management strategies
• Analytical skills for assessing risk and making data-driven decisions, including expertise in risk transfer and cost/benefit analysis
• Familiarity with legal and regulatory requirements in the insurance and risk management field.
• Ability to negotiate with insurance providers and vendors.
• Proficiency in Microsoft Office, including Word, Excel, and