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Coke Florida is hiring a Senior Risk Financing Manager

Summary

Under the leadership of the Director Enterprise Risk Management, the Senior Risk Financing Manager oversees the risk financing function in the Enterprise Risk Management department, ensuring that Coca-Cola Beverages Florida (Coke Florida) is intentionally anticipating risks that could become claims, overseeing an efficient and effective claims administration function, and implementing plans to meet those financial needs using an optimum balance of strategies which include self-insured retentions, insurance policies, and contractual risk transfer, among others according to company policies and procedures.

This oversight includes management of the daily activities of the Coke Florida Claims Manager and associated staff resources such as the claims third party administrator. Effective risk financing requires detailed analysis of risk exposures, regular reviews and research of insurance policies, effective oversight of claims examination and administration resulting in effective and efficient claims adjudication, compilation of loss trends, actionable claims reporting, and reviews of actuarial estimations. The Senior Risk Financing Manager ensures that the aggregation and analysis of various sources of input to the risk financing processes are efficient and effective, fully integrated with other departments and functions. The Senior Risk Financing Manager also provides operational input to strategic decisions that affect the functional area of responsibility, including input on the development of the budget.
 

Roles and Responsibilities:

• Maintain a positive working relationship with the insurance broker, resolving or escalating issues and monitoring progress towards timely and proper resolution of risk financing transactions
• Manage the broker contract commitments ensuring regular accountability, reporting, and resolution of performance and stewardship issues
• Manage the physical and electronic exchange of data between the broker and Coke Florida ensuring timeliness and accuracy of data exchange, and efficiency of processes.
• Review and maintain the Schedule of Insurance and related insurance policies and amendments, both physical and electronic, facilitating timely retrieval and updating
• Establish and maintain processes for the regular and recurring aggregation of underwriting data, coordinating input and participation of source departments such as finance, facilities, human resources, equipment, legal, and leadership
• Manage the claims TPA contract commitments ensuring regular accountability, reporting, and resolution of performance and stewardship issues
• Manage the certificate of insurance (COI) process, including requests for Coke Florida COIs and required COIs from current and potential vendors, ensuring validity and sufficiency of underlying risk financing assurance and timely maintenance
• Manage the risk financing sections of the risk management information system (RMIS) ensuring completeness, accuracy, timeliness, and reporting usefulness of data.
• Establish and maintain RMIS reporting cadence and content for key users, including leadership, Environmental Health & Safety, Transportation Risk Control & Compliance, and Finance
• Perform regular risk financing analytics including actuarial analysis input, trending, Risk Financing Fund adequacy, reserves and cash flow, and cost of risk analysis
• Provide operational input to strategic decisions, including input on the development of the functional budget, and various ad hoc risk financing reporting
• Other duties as assigned

For this role, you will need:

• At least eight years of experience in self-insurance and insurance management with demonstrated knowledge of core corporate insurance policies – property, casualty, workers’ compensation, etc. – and risk financing strategies
• At least 3 years of experience overseeing claims administration functions in the context of overall risk financing functions with demonstrated knowledge of claims adjudication principles and effective claims reporting strategies
• Bachelors’ degree of higher
• Strong analytic and process management skills
• Excellent communication skills, both written and verbal

Preferred Skills & Qualifications

• Insurance industry designations – ARM, CIC, CPCU
• Experience working with an insurance broker or company
• Mathematical and/or statistical skills
• Prior experience working with an RMIS and computer skills
• At least one year working as an insurance and/or claims manager

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