Cummins Inc. Global Claims Manager in Indianapolis, Indiana
Global Claims Manager
No, this isn’t one of those ordinary jobs.
Cummins is a team of dependable, innovative thinkers, who are empowered to generate and deliver solutions for customers, community, and environment. Our employees develop their careers through the challenges only a diverse, global innovator can promise. This is a collaborative culture where thinking beyond your desk is more than part of the job. It is the job.
This is what we call Working Right.
Typical Duties and Tasks:
Manages the corporate global insurance renewal process for all property and casualty insurance placements; negotiates and manages global risk broker contracts; ensures that all accounting and cross-charges for placements are consistently and accurately entered.
Manages the corporate global insurance renewal process for all property and casualty insurance placements; compiles loss file, risk profile, and applications; markets global Cummins property and casualty insurance placements; analyzes quotes and proposals and makes recommendations for binding instructions; prepares and manages premium payments; ensures that all payment information is captured in risk systems.
Manages global insurance premium budgets and annual operating plan; manages cross-charges of premiums for all Cummins offices; leads communications with global controllers regarding annual corporate premium charges and local fronting insurance policy premium payment coordination; liaises with global in-country risk manager on a monthly basis to review global broker/local broker issues, claims reporting, and loss mitigation; liaises with Enterprise Risk Management and coordinates vendor support of their efforts.
Negotiates and manages multi-year global risk insurance broker contracts; manages and owns the review and maintenance of annual Statements of Work; manages the annual statement of work/purchase order and payment process; manages and leads routine open items and issues logs and monthly and annual reviews of insurance brokers’ contract fulfillment.
Monitors and coordinates global insurance broker network communications with local broker offices and regional hub-support offices to support all local Cummins offices requiring local insurance placements; supports on-going insurance carrier relationship management efforts and communications with worldwide insurance markets; reports downgrades below corporate minimum standards of an insurer’s financial strength/credit rating to leadership.
Supports and participates in the development of short and long-term global risk insurance strategies for improving Cummins’ risk management profile; identifies global, strategic risk mitigation strategies and assist with the implementation of those strategies; reviews existing policies for gaps and improvement opportunities; manages the Cummins Risk Management Information System Risk Console to support insurance purchasing decisions.
Actively participates in the risk insurance community associations; participates in facilitation and coordination of student internship mentoring and development program between Cummins and representative from Indiana universities supporting risk insurance curriculums.
Recruits, selects, develops, manages, motivates, coaches, and mentors Risk Console coordinators; provides guidance and direction on problems and issues; delegates work assignments considering project demands, employee skills and development needs.
Development, management and oversight of US Workers Compensation claims and WC TPA claims vendor management
Administration and management of regulatory compliance for state and federal regulation and support and maintain all audit and controls requirements for US WC; state filings and actuary accrual development management and monitoring
Participates in the management and oversight of global P&C claims for lines including but not limited to: global property, cargo marine & inland, US automobile, primary domestic casualty and umbrella excess liability; annual policy renewal budget process support through actuary loss run extract and reporting required for renewal submissions and budget funding
Corporate resource to support global internal business owner/leader through claim submission, adjustment, settlement and reserve compliance process, coordinating and supporting internal legal and external vendor recommendations on claim settlement
Develop and deploy communication plans and training programs by line of coverage to worldwide CMI organizations: Procurement, Logistics, HSE & Fleet, Legal, Benefits & HR, Medical, etc.
Support integration and on-going management of merger/acquisition entity’s historic and future claims administration: claim management oversight and TPA/insurer/supporting vendor contract management associated with each historical coverage line
Demonstrated experience in administration of international insurance programs with knowledge of Control Master Programs and focus on tax compliance in foreign placements
Understanding of usual and customary policy provisions in different lines of insurance coverage
Experience with captive insurers and evaluating the risks it should accept
Experience managing third party insurance broker/risk consulting vendor contracts and performance
Experience managing global insurance premium allocation
Understanding of the risk management process
Experience developing and delivering global, on-site risk mitigation and risk transfer strategies and related communications for all levels of the organization.
Education, Licenses, Certifications
College, university, or equivalent degree required
Broker license/producer license required
- Significant level of relevant work experience required, including supervisory experience.
Cummins and E-verify:
At Cummins, we are an equal opportunity and affirmative action employer dedicated to diversity in the workplace. Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law.
Cummins uses E-Verify to confirm the employment eligibility of all newly hired employees. To learn more about E-Verify, including your rights and responsibilities, please visit www.dhs.gov/E-Verify .
Primary Location United States-Indiana-Indianapolis-US, IN, Indianapolis, 251 N Illinois Street
Job Type Experienced - Professional / Office
Recruitment Job Type Professional - Experienced
Job Posting Nov 18, 2016, 2:01:59 PM
Unposting Date Ongoing