Job Description:

The Global Risk Financing Manager will reinforce the Corporate Risk Management philosophy to Mars, Incorporated's global business units with the purpose of 1) protecting human assets, 2) preventing loss to the corporation's physical assets, and 3) transferring the residual risk. To administer all corporate property, casualty and other insurance programs; as well as, maintaining day to day relationships with Mars' global insurance broker(s).

What are we looking for?

• Bachelor’s degree preferably with a Risk Management or Business (Finance) major. An MBA in Risk Management or Business (Finance) is a plus.

• 5+ years with increasing responsibility in a progressive Risk Management department of a major multi-national company, brokerage firm or insurance company. Experience should include (either directly or as part of a team) negotiating insurance program placements, including coverage structure, premium allocations and policy wording; as well as 3rd party contract review. Work experience, which involved frequently visiting local plants/sites versus working strictly in a corporate headquarters environment is preferred.

This Associate:

• Must have the functional and technical knowledge and skills to do the job to a high level of accomplishment; effectively acting as each business units risk manager.

• Demonstrate dedication to meet the expectations and requirements of internal and external customers, establishing and maintaining effective relationships and gaining their trust and respect.

• Be easy to approach and talk to; spending the extra effort to put others at ease, building good rapport and being a good listener.

• Have excellent verbal and written communication skills, analytical skills, and the ability to work independently (initiative a must).  Strong decision making and organizational skills, including presentation and PC skills (Word/Excel/PowerPoint/OneNote/OneDrive, etc.); skills with a RMIS system a plus.

• Proven ability to coordinate and manage complex cross-segment projects given multiple competing priorities or perspectives.

• Willingness for business travel up to 15% of the time (both domestically and internationally) and handle necessary administrative tasks.

What will be your key responsibilities?

• Responsible for day-to-day interaction and issues between Mars and its global insurance brokers and insurers.  Serve as primary contact for various risk management elements such as program summaries, premium allocations, and claim support.  Support the Director of Global Risk Financing implementing the strategies, goals, objectives and projects established within Corporate Risk Management.

• Manage Mars’ International Employee Benefits risk financing programs in 70+ countries that make up approximately $50M in annual premium spend.  Ensuring local and regional Benefits, P&O and Rewards are familiar with the risk financing programs that support their local benefits commitments.

• Identify exposure trends, processes, and recommend digital solutions to build more efficient ways of working for all functions within Corporate Risk Management.

• Accountable for the consolidation of the insurance policy renewal data/value collection process for all global standalone procurement insurance policies working with the Mars acquired entities and their designees.  Coordinate the communication process, along with Stakeholder Engagement for all Mars acquired entities outlining the collections process, its meaning and address all inquiries and inconsistencies.   Aidi in gathering and analysing exposure and underwriting data.  Ensure accuracy of data, identify and explain variances from prior data and complete insurance applications to present to the brokers/insurers to negotiate renewal terms and conditions.

• Support the Director of Global Risk Financing in establishing the Corporate Risk Financing budget per the annual external insurance and Captive renewals.

• Responsible for managing Corporate Risk Management transactions including the payment of premiums, consultant fees and allocations to the business units including all standalone placements for Mars, including acquired entities. 

• Assist with captive operations, including working with the Captive Manager, captive jurisdiction, lawyers, auditors and actuaries. Coordinate internal partnerships with Treasury, Accounting, Tax, and Legal.  Facilitate changes in captive directors and officers. Schedule and participate in annual captive board meetings and oversee preparation of the Board Book. Facilitate premiums, allocations, and other funds transfers. Responsible for the captive operating budget and third-party fees.

• Accountable for the oversight and procurement of all standalone insurance policies for Mars, including acquired entities to where their exposures are not applicable under Mars’ global insurance programs.  This also includes all of Mars’ various Foundations’ insurance policies and any other ad-hoc programs applicable to any Mars entities.

• Support the Stakeholder Engagement function with the review of third-party with Mars’ Commercial and Legal departments to provide expert advice on Indemnification agreements, Indemnification, Insurance, and Limitation of Liability clauses where requests for exemptions from Mars’ standardized contract language to ensure the transfer of risk to the third-party based on their statement of work.  Support the Director of Global Stakeholder Engagement in collaboration with legal counsel in developing and implementing standards for third-party contractors; as well as, providing training and development specific to Commercial Associates per their negotiation of each contract.

• Responsible for Mars’ surety global bond program including the management of collateral requests in collaboration with the Director of Global Risk Financing which includes placement, renewals, invoicing and termination.

• Manage the insurance carrier(s) in premium audits for all North American casualty policies for all applicable entities.

What can you expect from Mars?

• Work with over 170,000 diverse and talented Associates, all guided by The Five Principles.

• Join a purpose driven company, where we are striving to build the world we want tomorrow, today.

• Best-in-class learning and development support from day one, including access to our in-house Mars University.

• An industry competitive salary and benefits package, including company bonus.

The base pay range for this position at commencement of employment is between the range listed below, however, base pay offered may vary depending on multiple individualized factors, including but not limited to job-related knowledge, skills, and experience. The total compensation package for this position will include variable pay, medical and dental benefits, participation in 401k plan, and paid time off benefits. Details of participation in these benefit plans will be provided if an applicant receives an offer of employment.