Corporate Insurance Risk Executive Group Manager

The Corp Insurance Exec Group Mgr manages multiple teams through other managers. In-depth understanding of how own sub-function contributes to achieving the objectives of the function. A good understanding of the industry, direct competitors' products and services, is also necessary in order to contribute to the commercial objectives of the business. Requires thorough understanding of strategic direction of the function within the relevant part of the business, combined with a solid conceptual/practical grounding in both the function and/or area of expertise and related subject areas. Excellent communication skills required in order to negotiate internally, often at a senior level. Some external communication/negotiation may be necessary. Responsible for executing functional strategy in area managed. Determines approach to implementing functional strategy. Accountable for end results, budgeting, planning, policy formulation and contribution to future strategy of the area(s). Impact reflects size of team managed, strategic influence on the business and interaction with other functions or businesses. Full management responsibility for multiple teams, including management of people, budget and planning, to include duties such as performance evaluation, compensation, hiring, disciplinary actions and terminations and budget approval. May be doing involved or responsible for diverse (cross-discipline) activities.

Responsibilities:

• Leads Citi’s Corporate Insurance and Risk Management (CIRM) function, a specialized unit that protects Citi’s global assets and continuity of business from fortuitous loss through risk analysis, financing, placement and administration of property/casualty insurance programs, and captive insurance company management.
• Develop strategy and execute risk financing activities including placement and administration of property/casualty insurance programs and management of captive insurance company.
• Develop strategy and execute insurance claims management, appointment and oversight of third-party administrators, actuarial reviews, loss engineering and risk control activities.
• Insurance support to business units and senior/business risk managers for various business specific insurance needs including political risks and specific credit insurance placements.
• Risk management advisory services to business units, approval/monitoring of local insurance purchasing, insurers, and insurance brokers.
• Accurate and timely financial and regulatory reporting and compliance deliverables for CIRM and captive insurance legal entity.
• Accountable for capital and investment management related to self-insured program.
• Appropriately assess risk when making business decisions, taking into consideration the firm's reputation, and safeguarding the company, its clients, and assets.
• Drive compliance with applicable laws, rules, and regulations, adhere to company Policy.
• Apply sound ethical judgment regarding personal behavior, conduct, and business practices.
• Escalate, manage and report control issues with transparency.
• Supervise the activity of others effectively and create accountability with those who fail to maintain these standards.
• Handle full management responsibility of CIRM and captive business activities, including management of people, budget and planning.
• Ensure appropriate staffing and organizational structures are in place for their area.
• Negotiate and make independent decisions on property/casualty insurance related issues/activities that have critical impact or influence on company revenues, capital, or business operations.

Qualifications:

• 15+ years relevant experience at a senior decision-making level;
• Managerial experience
• Experience in insurance industry

Education

• Bachelor’s/University degree
• Master’s degree preferred,
• ARM/CPCU preferred

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In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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