Corporate Insurance Manager

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Reporting to Empower's Corporate Treasurer, the Corporate Insurance Manager, will serve as the owner and subject matter expert for the firm's corporate insurance program, including managing all insurance policies, leading annual insurance renewals, directing claims processes, overseeing broker relationships, and liaising with Empower's Legal and other teams. This role requires a unique blend of strategic thinking and hands-on execution to effectively enable and support risk management for Empower.

What you will do:

• Own and lead the implementation and management of Empower's suite of insurance programs (both global and local) across all lines of coverage, including property & casualty (property, GL, auto, work comp, cyber); professional/executive (D&O, E&O); and financial lines (bonds, fiduciary liability)
• Lead the design of the corporate insurance program, including scope of coverage, management and coordination of insurance brokers, and negotiation of policy contracts and wording with insurers
• Act as the central point of expertise for insurance queries at Empower
• Work collaboratively with brokers and internal constituents to evaluate insurance products, policy terms and conditions, including new placements or enhancements to existing coverage
• Cultivate strong relationships with insurance underwriters, brokers, and all external third parties to position Empower as a "preferred risk"
• Ensure all applications are completed accurately and submitted timely
• Review all quotes, binders and policies for accuracy; ready insurance policies with a keen ability to analyze fit for purpose
• Manage Empower's claims activities including coordination with Legal for timely submission of claims, claims follow up, and claims reporting
• Manage all requests for certificates of insurance, and coordinate with brokers for distribution of certificates at renewals
• Respond to all requests for insurance language review in RFP and vendor/client contracts
• Coordinate with insurers on policy audits
• Create, monitor and manage the corporate insurance budget, including premium rebates due to Empower and collateral requirements, to ensure cost management
• Oversee the premium allocation for global programs
• Ensure all premiums invoices are paid/accrued and accounted for in accordance with internal policies
• Prepare and present Board and insurer renewal presentations, as needed, to provide education on insurance coverages or to assist in understanding the business to enable appropriate underwriting
• Maintain policies and procedures to manage and mitigate risk across the organization effectively
• Other projects as determined

What you will bring:

• Bachelor's degree or equivalent directly-related work experience required
• 7-10+ years of directly-related professional experience in designing, securing and managing a complex, multi-jurisdiction insurance program gained either with an insurer, broker or multinational corporate; to include assessment of risks, administration of all aspects of a corporate insurance program, and coordination of claims
• Experience in selection, management and coordination of third-party brokers
• Demonstrated experience in advising and communicating with non-insurance professionals to effectively educate and inform colleagues on the structure coverage, including the importance of timely claims submissions
• Possess an understanding of the strategic added value of insurance and its place in a large company

What will set you apart:

• Prior experience in corporate insurance for a financial services company strongly preferred
• Insurance designations/certifications preferred (ARM, CRM, CIC, CPCU, etc.)
• Deep understanding of corporate insurance spanning P&C, Financial Lines, global placements, bond placements, etc.
• Strong understanding of risk management principles and insurance markets/industry trends
• Highly motivated, proactive, self-disciplined; works with minimal supervision
• Passionate insurance professional who enjoys reading insurance policies
• Exceptional attention to detail and organization skills, able to meticulously scrutinize and analyze information, ensuring absolute accuracy and completeness.
• Strong negotiation skills
• Demonstrated ability to build relationships and positively influence outcomes
• Ability to work collaboratively with people at all levels of the organization
• Curiosity about insurance placement options, evolving coverages, and finding the most cost-effective option to secure required coverages; doesn't accept the status quo
• Comfortable spanning both strategic thinking and tactical execution
• Willing to share opinions, respectfully disagree, and escalate where needed
• Willing to do what it takes to get the job done

• Normal Office Working Conditions: this job operates in a professional office environment and routinely uses standard office equipment. This position is FT WFH.

• Travel: Minimal, 2-3 times per year for broker/insurer meetings or industry conferences

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.***

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

• Medical, dental, vision and life insurance
• Retirement savings - 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire - including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
• Paid volunteer time - 16 hours per calendar year
• Leave of absence programs - including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) - internal networks that rally around common interest, experiences and identities such as race, ethnicity, gender, ability, military status and sexual orientation. BRGs play a vital role in educating and engaging our people and advancing our business priorities.

Base Salary Range

The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Equal opportunity employer * Drug-free workplace

We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.

***For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment, will be provided. You may be required to work in the office if you do not have an adequate home work environment and the required internet connection.***

Job Posting End Date at 12:01 am on: