About Praxair ...

Praxair, Inc., a global, Fortune 300 firm, is the largest industrial gases company in North & South America, and one of the largest worldwide, with operations in 40 countries and $10.8 billion in sales in 2008. The company produces, sells, and distributes atmospheric, process and specialty gases, and high-performance surface coatings to a diverse group of industries.  Praxair is a performance leader in its industry and has been recognized for outstanding growth and profitability. 

About Risk Management ...

The Risk Management function is aimed at reducing or eliminating the potential for losses.  This position will be responsible for identifying potential loss exposures, evaluating alternative means of funding and controlling losses, selecting the best method or combination of methods to use based on financial criteria, determining limits of coverage including deductible levels, design, terms and price of insurance, participate in marketing coverage with various insurance companies, researching alternate means of funding risk to achieve cost efficiencies and provide for coverage otherwise difficult or unavailable in conventional markets, preparing insurance applications, financial reports, annual analysis of criteria for review and renegotiation of multi-year policies, filing various tax forms, enduring all policies have complete and consistent documentation and coordinating with the Law Department for review and approval, when needed for binders, policies, claims and required company information provided to the insurance companies.

Corporate Risk & Insurance Manager

This position reports to the Director of Corporate Risk Management, who reports to the Vice President and Treasurer.  This position is accountable for the management of several corporate risk management objectives:

• Evaluates, negotiates and procures risk transfer strategies.  This includes but is not limited to making determination and recommendations regarding risk retention in lieu of risk transfer.  This also includes evaluation deductibles, terms and conditions and the types of policies to procure as well as stategies utilizing the captive insurance company and other insurance related vehicles.
  
• Oversees the operations and financial viability of a wholly-owned captive insurance company, this includes but is not limited to making qualified decisions regarding the operations of the captive, financial reporting and providing monthly analysis/commentary to the Corporate Controller.
  
• Reponds to large casualty losses.  This includes but is not limited to working directly with the Business Units impacted by the loss, providing guidance in quantifying the loss, reporting, interfacing and managing the loss with the insurance carrier, adjuster and forensic accountants in order to seek an optimal resolution for the company.
  
• Administers the insurance renewal process (Casualty, Property, Fiduciary, D&O, etc.).  This includes but is not limited to compiling, analyzing and providing relevant risk factor data, loss data and other encouraging information to underwriters.
  
• Manages the insurance reserves on the Corporate Balance sheet.  This includes but is not limited to engaging with and interfacing with actuaries, Corporate Accounting and financial auditors to support the reserves.
  
• Develops and presents to Senior Management the annual global insurance plan and respective quarterly updates.  This includes analyzing current market and business conditions to ascertain the future costs expected relating to Praxair's insurance programs as well as developing and obtaining insurance allocations and consensus from the Business Unit Finance Directors.  Such allocations are based upon risk exposures and loss history by Business Unit, enhanced by current trends and actuarial science.
  

Travel to national and/or global Praxair offices may be required as necessary.

Salary is commensurate with experience.