Job Description
The Senior Risk Manager - Logistics is responsible to develop, implement and execute the insurance programs applicable to all lines of business and claims management for Matson Logistics, Inc. and its subsidiaries. This position is responsible for managing logistics claims including, cargo, property damage, and third-party claims. This position also is responsible for managing personal injury claims including workers' compensation. This position works cross-functionally with key stakeholders and senior management to provide transparency to risk exposures and to propose cost-effective risk management strategies.
* Partner with brokers to ensure proper insurance policies and coverage terms are in place for Matson Logistics and its subsidiaries, and, if required, procure additional insurance coverage to minimize premium cost while keeping the potential for unexpected losses within acceptable limits.
* Development of annual budget for premiums and claims, Provides recommendations for risk retention levels.
* Manage relationships with brokers, underwriters, third party claims administrators and other service providers.
* Select insurance companies and negotiate the terms and premiums of insurance policies through close collaboration with insurance brokers and underwriters.
* Oversee an "all risk" cargo insurance program and support the internal sales effort of Shipper's Interest "all risk" cargo coverage to ensure appropriate usage, and maximum profitability.
* Manage insurance policy renewal process for Logistics specific policies including gathering and analyzing data, preparing, and managing RFP processes, and making recommendations for senior executive approval.
* Review and comment on commercial and vendor contracts with respect to insurance and claims provisions and surface any safety or operational compliance concerns.
* Engage with Matson Logistics' lines of business (MLI, MLW, & MLS) to facilitate, negotiate, and support claims resolution and loss prevention.
* Ensure that claims are handled in compliance with Matson's values, insurance policies, SOX requirements, and all laws and regulations.
* Oversee periodic claim review meetings with internal stakeholders and claims team, insurance carriers and brokers.
* Review adequacy of claims reserves and perform claim file audits if required.
* Ensure that risk management information system (RMIS) or other carrier rating systems produce reliable and accurate information for Matson Logistics claims.
* Prepare written procedures for key risk management processes and SOX controls, providing live training sessions as needed.
* Research risk management trends and act as subject matter expert for in-house business partners.
* Participate in company-wide projects related to risk management, safety, and crisis management.
* Provide backup support to Director, Risk Management with respect to specified projects.
Required Skills & Experience
* Bachelor's Degree required; upper graduate degree preferred.
* Ten years of related experience in insurance or related role.
* Experience with domestic transportation claims rules, regulations, operations, safety, and processes.
* Periodic travel to Matson offices located in the United States, and possibly Mexico.
* Ability to attend insurance or transportation industry related educational courses to build technical insurance and claims knowledge, if necessary.
Nice to Have Skills & Experience
* Property and Casualty Insurance Broker License.
* Associate in Risk Management professional designation.
Transportation and/or logistics industry experience
Benefit packages for this role will start on the 31st day of employment and include medical, dental, and vision insurance, as well as HSA, FSA, and DCFSA account options, and 401k retirement account access with employer matching. Employees in this role are also entitled to paid sick leave and/or other paid time off as provided by applicable law.