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Insurance Risk Manager in New York at PayPal

Date Posted: 5/3/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Location:
    New York
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    5/3/2021
  • Job ID:
    R0067928

Job Description

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (NASDAQ: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s 375 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies.

Insurance Risk Manager responsible for managing the Corporate Risk Management function in the delivery and continuous improvement of best-in-class risk management insurance programs and services. This role will work closely with the Director of Insurance & Risk Management in the creation and enhancement of the global risk management program and strategy. This position will collaborate closely with the Risk Management Team, Legal, Finance, Corporate Accounting, Business Development, Environmental Health and Safety (EHS) to augment Risk Management initiatives.

QUALIFICATIONS

  • Bachelor's degree from an accredited college or university preferably in the field of Risk Management, Insurance, Finance. ARM, CPCU, CRM certification preferred, Master's degree a plus.
  • Minimum 8-10 years of progressive Risk Management experience, either in a corporate insurance environment, an insurance brokerage firm or insurance company.
  • Extensive knowledge and understanding of business insurance lines, insurance policy forms and wordings, insurance market dynamics and conditions.
  • Demonstrated ability to think strategically and execute value added solutions.
  • Must be creative and demonstrate innovative thinking in responding to challenges presented by a rapidly evolving business model and regulatory environment.    
  • Must have strong analytical, interpersonal and communication skills with ability to effectively present to all levels of management and external audiences including brokerage and insurance market partners.  
  • Highly proficient in Microsoft business applications including Word, Power Point, Access, Excel.
  • Demonstrate a sense of urgency and ownership to drive projects to completion.
  • Ability to lead and work effectively and collaboratively within team settings and build partnerships both internal and external.
  • Resourceful, self-starter with advanced problem-solving abilities to deliver creative solutions.
  • Results focused with strong personal accountability and pride of work.
  • Effective deliberation and negotiating skills resulting in successful outcomes.
  • Exceptionally organized and solid project management skills with the capability to manage competing priorities.
  • Able to thrive in a fast-paced environment.

RESPONSIBILITIES

  • Collaborate closely with the Director of Insurance & Risk Management in developing corporate risk management strategies and the placement and management of corporate insurance programs that cover management liability, crime, technology errors & omissions, cyber risk, bankers' professional liability, employment practice liability and property & casualty exposures.
  • Proactively identify trends, develop strategic plans, recommend solutions, implement risk reduction/ transfer methodologies to mitigate future losses and present findings to management as necessary.
  • Collect, analyze and organize data for domestic and insurance program submissions and lead insurance program renewals as directed. Collaborate with internal partners to prepare comprehensive presentation materials in support of underwriter renewal meeting activities.
  • Develop and maintain strong relationships with insurance brokerage partners to ensure efficiency of insurance program administration functions including claim reporting, program invoicing, policy issuance and certificate of insurance requests.
  • Provide superior claims management services including developing processes to ensure timely identification and reporting, monitoring of claim development with legal, lead claim settlement negotiations, and tracking and summarizing of outstanding claim liabilities.
  • Participate in corporate development initiatives to include leading due diligence and integration efforts as related to corporate insurance functions and programs.
  • Provide insightful and comprehensive risk management consulting services to business areas including vendor and merchant contract reviews, explanation of coverages, recommending appropriate insurance requirements and supporting loss control activities.
  • Provide qualitative and quantitative analytical oversight and direction to special projects to model risk management programs across all lines of risk and evaluate the effectiveness of insurance & risk transfer programs.
  • Lead the development of risk management tools and systems to manage information required for efficient day to day operations including policy, claims, program costs and carrier data.

We're a purpose-driven company whose beliefs are the foundation for how we conduct business every day. We hold ourselves to our One Team Behaviors which demand that we hold the highest ethical standards, to empower an open and diverse workplace, and strive to treat everyone who is touched by our business with dignity and respect. Our employees challenge the status quo, ask questions, and find solutions. We want to break down barriers to financial empowerment. Join us as we change the way the world defines financial freedom.

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.

R0067928

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