Risk & Insurance Manager

Position overview

The Risk & Insurance Manager is a dedicated team member and expert, who is able to understand complex risks and insurance topics in a global environment and work with all Business Partner levels, including executives, and communicate effectively manage North American Risks in liaison with the parent company. Reporting to the Senior Manager, Treasury & Risk Management, Porsche’s Risk & Insurance Manager is a highly motivated, organized, self-starter who is able to work both independently and collaboratively in a fast-paced, high performance environment.

Roles & responsibilities

• Conduct internal risk analysis and market analysis to proactively manage risks and cover them with adequate insurance.
• Work with international affiliates on globally-managed insurance coverages
• Explain complex insurance coverages and risk to Business Partners and especially to the CFO
• Manage Insurance Broker relationships and work closely with the Broker in preparing the annual budget submission, and provide periodic financial forecasts consistent with risk profile
• Assist in creating internal policies that align with risk goals
• Support ongoing development of risk management culture through education, internal collaboration with Business Partners, and timely identification and resolution of risk management concerns
• Coordinate and support insurance site visits, inspections, and audits, working closely with various departments to facilitate such visit
• Manage complex insurance claims, including subrogation: auto, CGL, marine, worker’s compensation, property, business interruption, etc. in liaison with the brokers and parent company insurance division
• Closely coordinate with Legal regarding insurance claims management and litigation
• Coordinate annual policy renewals, including local placements
• Administer insurance policies and invoices
• Manage the insurance budget closely, optimize premiums and deductible to cover the risks
• Make recommendations to the Senior Manager, Treasury & Risk Management and CFO to improve coverage of risks
• Provide regular financial and risk reporting to the Senior Manager, Treasury & Risk Management and CFO
• All other duties as assigned

Required qualifications include:

• At least Undergraduate degree in Risk Management, Insurance Business, Finance or related field required.
• Must have at least 5 -7+ years of relevant experience.
• Excellent written and oral communication.
• Strong time management, a self-starter.
• Good analytical, organizational, collaboration, influencing, and presentation skills.
• Proven experience reviewing, documenting, and identifying process/control weaknesses.
• Solid understanding and experience with internal control frameworks.
• Strong analytical skills including the ability to spot assess and address risk, materiality and interdependencies and translate it into impact analysis for financial reporting and recommendations for improvement.
• Strong communication skills presenting internal control and risk matters in an understandable way across various forums and levels of the organization with the appropriate level of detail.
• Adaptable to working in a fast paced, ever-changing environment.
• Focused on continuous improvement and process optimization.
• Ability to work well independently as well as the ability to work with stakeholders
• Ability to prioritize work to deliver results quickly and on time

Preferred qualifications include:

• Experience in automotive and/or marketing or having worked with an insurance broker.
• German language proficiency

Percentage of required travel: 10%

Schedule/Shift: N/A

The salary range for this role is $110,000-$130,000. However, it is important to note that at Porsche, compensation range is dependent on geographic location. Individual salaries within each range are determined through a wide variety of factors including but not limited to education, experience, knowledge and skillset. Porsche reviews compensation regularly and may adjust base salaries to reflect market competitiveness.

 In addition to salary, individuals may be eligible for a discretionary performance bonus. Our full suite of benefits includes:

• Paid Vacation
• Paid Holidays
• Paid Sick leave
• 401(k) match
• Medical, dental and vision coverage
• Tuition and certification reimbursement
• Life Insurance
• Short and Long Term Disability Coverage
• Subsidized gym membership program
• Subsidized Porsche and VW leasing programs

Physical requirements

• Must be able to lift 15 pounds at times.
• While performing the duties of this job the employee is required to talk, hear, walk, sit, stand, climb stairs on occasion with prolonged periods of sitting at a desk and working on a computer.

• Must be able to effectively work and complete tasks in an open office/noisy environment.

Porsche is an equal opportunity employer and we take pride in our diversity. In order to provide equal employment and advancement opportunities to all individuals, employment decisions at Porsche will be based on merit, qualifications and abilities. Porsche does not discriminate in employment opportunities or practices on the basis of race, color, religion, sex, pregnancy, status as a parent, national origin, age, disability, family medical history, ancestry, medical condition, genetic information, sexual orientation, gender, gender identity, gender expression, marital status, familial status, registered domestic partner status, family and medical leave status, military status, criminal conviction history, or any other characteristic protected by federal, state or local law. 

If you are an applicant from the state of California, please review the California Applicant Privacy Notice here.