In this role, you will work closely with the VP, Corporate Treasurer to support commercial insurance strategies worldwide. Role requires active participation in all phases of property/casualty insurance placements, including identifying potential loss exposures and analyzing appropriate risk finance techniques for management response. Responsibilities will involve marketing and placement of designated insurance policies, as well as providing ongoing oversight and support for financial and claims administration duties as may be required.
Job Description:
Insurance Strategy: Coordinate the renewal processes for all lines of insurance including compilation of exposure data necessary for each coverage; these processes involve interaction with various Finance, Facilities, Human Resources and Operations groups throughout our global footprint. Claims Management: Provide timely notice of workers' compensation and third-party liability claims to appropriate insurer or third-party administrator; provide notice of a circumstance to Quaker Houghton's captive insurer on potential liability claims that could exceed the underlying insurance limits. Work with Legal and Operations on reserve and settlement strategies. Process internal invoice requisitions and billing documents for supervisory approval. Review invoice statements for accuracy and address billing issues to final resolution.
Review loss runs; identify costs/benefits of insurable v. retained risks, participate in claim reviews and strategy sessions with senior management. Prepare monthly/quarterly loss reports for Corporate/ Legal review as requested.
Ongoing Support: Generate property & casualty certificates of insurance requests upon request.
Maintain strong working relationships with internal (Finance, Legal, HR, EHS representatives) and external (insurance brokers and underwriters) clients. Maintain working knowledge of the global property/casualty insurance marketplace.
Support Legal in analyzing insurance and risk management provisions in current and potential contracts. Prepare premium allocations for both U.S. and Foreign subsidiaries; provide budget guidance. Respond to general insurance questions from sites
Treasury Support: Willingness and interest in helping treasury team manage daily activities including cash management and forecasting, foreign exchange management and other tasks as needed.
About Us:
At Quaker Houghton, we are experts in the development, production and application of industrial process fluids, lubricants and coatings for the manufacturing industry. We have been an integral part in the growth of the world's largest industrial and manufacturing companies from aerospace and automotive to primary metal and energy. Today, we have a global presence, with our corporate headquarters located in Conshohocken, PA. Quaker Houghton is a global publicly traded company with a unique collaborative culture that supports career growth for its associates and offers competitive compensation and benefit programs.
What's in it for you:- Competitive pay programs with excellent career growth trajectory
- Paid time off for volunteerism
- Dress for your day; how you dress is determined by what your day may bring
- Opportunity to participate in comprehensive benefit options including: Medical, Dental, Vision, Parental Leave, Holiday Pay, Paid Time Off, Tuition Reimbursement, and Savings PlanWork for a global leader in the industrial process fluids industry
Quaker Houghton provides equal employment opportunity for all qualified candidates.
Quaker Houghton does not discriminate against any candidate for employment based on race, color, religion, sex, gender, gender identity or expression, affectional or sexual orientation, pregnancy, age, creed, ancestry, national origin, citizenship, marital or domestic partnership or civil union status, veteran's status, physical/mental disability, genetic information, or any other category protected by U.S federal, state, and/or local employment law. Furthermore, Quaker Houghton is committed to providing reasonable accommodations to qualified candidates with physical and/or mental disabilities.
