Job Information
Bausch + Lomb Analyst, Insurance & Risk Management in Bridgewater, New Jersey
Bausch + Lomb (NYSE/TSX: BLCO) is a leading global eye health company dedicated to protecting and enhancing the gift of sight for millions of people around the world—from the moment of birth through every phase of life. Our mission is simple, yet powerful: helping you see better, to live better.
Our comprehensive portfolio of over 400 products is fully integrated and built to serve our customers across the full spectrum of their eye health needs throughout their lives. Our iconic brand is built on the deep trust and loyalty of our customers established over our 170-year history. We have a significant global research, development, manufacturing and commercial footprint of approximately 13,000 employees and a presence in approximately 100 countries , extending our reach to billions of potential customers across the globe. We have long been associated with many of the most significant advances in eye health, and we believe we are well positioned to continue leading the advancement of eye health in the future.
Reporting to the Senior Director for Insurance & Risk Management, t he Treasury Analyst, Insurance & Risk Management plays a critical role in supporting the management, development and implementation of the company’s insurance programs. This position focuses on risk identification, mitigation, prevention, and transfer strategies to safeguard the organization. The role requires close collaboration with internal stakeholders, such as legal and finance teams, and engagement with external partners, including insurance providers, brokers, and claims administrators to ensure effective management of the company’s insurance-related activities.
Responsibilities:
Assists Senior Director with annual negotiations, renewals, and placements of worldwide insurance programs, including but not limited to, Directors & Officers, Workers Compensation, Property and Cyber.
Process requests for certificates of insurance from procurement, business, legal and third parties in support of compliance with vendor contracts.
Manage collection of worldwide underwriting data in support of all insurance renewals.
Responsible for collection and submission of various companywide information in support of quarterly actuarial analysis for balance sheet reserve requirements.
Maintain current schedule of insurance policies for both internal use and diligence requirements.
Participate in quarterly claim reviews with key internal and external stakeholders.
Review, process, and reconcile all premium, surety bond, broker fee and other risk management related invoices including set up of new vendors, development of Purchase Orders, tracking of approvals and working with Accounts Payable to ensure timely vendor payments.
Reconcile monthly claims charges from Third Party Administrator (ESIS) and coordinate with accounting to ensure proper accruals.
Creates ad-hoc reports and presentations to senior management, as needed.
Supports global surety program including placement and tracking of surety bonds,
Qualifications, Experience & Attributes:
Bachelor’s degree in Insurance & Risk, Business or related field required
2 or more years of Insurance & Risk Management experience required
Strong teamwork and time management skills, with the ability to manage shifting priorities in a fast-paced environment
Ability to collect, reconcile, analyze, and summarize data into actionable reports
Strong written and verbal communication skills
Excellent interpersonal skills with ability to build strong internal and external business relationships
High degree of integrity, reliability, sense of urgency, decisiveness, and professionalism
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Job Applicants should be aware of job offer scams perpetrated through the use of the Internet and social media platforms.
To learn more please read Bausch + Lomb's Job Offer Fraud Statement (https://performancemanager.successfactors.eu/doc/custom/BauschLomb/Bausch_job_posting_statement.docx) .
Our Benefit Programs: Employee Benefits: Bausch + Lomb (https://www.bausch.com/careers/benefits/)
Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.
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