Manager, Corporate Insurance

at  Sealed Air

Sealed Air designs and delivers packaging solutions that protect essential goods transported worldwide, preserve food, enable e-commerce and digital connectivity, and help create a global supply chain that is touchless, safer, less wasteful, and more resilient. We strive to foster a caring, high-performance growth culture that will deliver consistent, sustainable profitable growth and accelerate our performance – a culture where accountability is clear and aligned, and where we reward business outcomes and impact. That culture guides everything we do, including how we partner with our customers and suppliers, how we attract and retain top talent, and how we create and deliver value for our stakeholders. In 2023, Sealed Air generated $5.5 billion in revenue in 2023 and had approximately 17,000 employees operating out of 46 countries/territories and distributing products in 115 countries/territories around the world. To learn more, visit www.sealedair.com . Position Summary

The successful candidate will report to the Executive Director, ERM & Corporate Insurance who oversees enterprise and insurance risk management. This position will be responsible for managing the day-to-day aspects of the corporate insurance function. Key responsibilities include managing the property/casualty insurance renewals, overseeing various loss prevention/reduction strategies, contract reviews and captive administration. The Manager, Corporate Insurance will be the internal point of contact for all insurance related inquires and will work closely with brokers, vendors, and internal functions (e.g. Legal, Supply Chain, HR, EH&S, etc.). The successful candidate will need strong time management skills and possess high attention to details while also demonstrating strategic and sound decision-making qualities to help reduce the Company’s total cost of risk. Summary of Responsibilities

• Manage the day-to-day operations of the Company’s corporate insurance department and captive insurance company
• Manage global insurance renewals

o Set timelines, deliverables and strategy with brokers in advance of each insurance renewal
o Collect and analyze underwriting data and prepare renewal submissions
o Develop and co-present marketing submissions directly to underwriters
o Continuously review exposures of the Company and implement effective risk financing solutions (e.g. risk transfer, captive, retain, etc.)
o Review renewal documentation (e.g. quotes, binders, policies, invoices, etc.) for accuracy
o Process and validate all insurance related invoices
o Resolve accounting, premium payment and reimbursement discrepancies

o Prepare insurance budgets

• Collaborate with external and internal stakeholders on risk control strategies, particularly property risk (e.g., sprinkler protection)

o Drive closure on open recommendations/findings
o Attend fire protection inspections
o Assist internal stakeholders on process, implications and resources to reduce risk to operations, safety and insurance premiums

o Partner with EH&S on injury prevention strategies

• Assist with management of insurable claims

o Act as primary liaison between internal personnel and third-party claims management teams

o Manage claims throughout lifecycle from reporting to final settlement to optimize both cost effectiveness and timely closure

• Manage broker and third-party service provider relationships and drive accountability for service and deliverables
• Review insurance provisions within supplier and customer contracts
• Coordinate captive insurance company administrative activities and transactions
• Maintain Schedules of Insurance and create ad-hoc reporting for management (e.g., Total Cost of Risk, Budget, etc.)
• Identify variances to forecasted P&L based on claim development or insurance premiums and communicate those variances to management
• Automate, document and/or improve processes that bring value to the Company and/or stakeholders
• Explore new ways to optimize Company’s captive insurance company and lead implementation with relevant internal and external stakeholders Qualifications

Required

• Bachelor’s degree in risk management, insurance and/or finance
• 3+ years of experience in insurance (property/casualty insurance) and risk management
• Proven ability to work across functions within a global organization, adapting to varied and changing requirements in a fast-paced environment
• Excellent analytical skills and attention to detail
• Solid proficiency in Excel and PowerPoint
• Effective, clear and concise written and oral communication skills
• Sound judgment and strong decision-making skills

Preferred

• Experience in large companies with global operations
• ARM and/or CPCU designation
• Experience with the operations of a captive insurance company

Requisition id: 48364
Relocation: No

Sealed Air is committed to attracting, selecting, and developing talent that reflects the diversity of the communities and customers we serve. We take pride in our selection process to identify, infuse, and grow talent to align with our culture, values, and norms. Sealed Air prioritizes talent development, fostering a culture of continuous growth and career progression. The company is committed to providing equal employment opportunities to all applicants for employment and to all employees, without regard to race, color, religion, gender identity or expression, national origin, age, protected disability, veteran status, or any other protected status in accordance with applicable federal, state and local laws.

• Please be cautious of fraudulent recruiting efforts using the Sealed Air name or logo. Sealed Air will never request private information during the application process, such as a Driver’s License or Social Security Number. If you have any concerns about information received from SEE during the application process, please reach out to us directly at globalta@sealedair.com.

• Manage the day-to-day operations of the Company’s corporate insurance department and captive insurance company
• Manage global insurance renewal