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Job Description
At Takeda, we are driven by our purpose: to create better health for people and a brighter future for the world. As a global, values-based biopharmaceutical leader, we put patients at the center of everything we do. Our mission is to discover and deliver life-transforming treatments, guided by integrity, innovation, and a commitment to sustainability. Join us and be part of a collaborative culture that empowers you to make a meaningful impact on global health.
About the Role
ACCOUNTABILITIES
Key Responsibilities:
US/ Global Insurance Program Management
Proactively manage appointed US global brokers, driving performance to service level agreements.
Ensure Takeda employees, assets and liabilities are protected in line with global insurance placement strategy.
Lead negotiation of the terms, and implementation of key US insurance program and some global insurance program (including Workers Compensation, Automobile Liability, Cyber Liability)
US construction/ CAPEX risk management approach and placement of project policies.
Oversee and act as an escalation point when required for other Global Insurance Programs and risk processes across the group.
Support and oversee the management of our main appointed US broker.
Continuously improve, Develop, implement, and lead the global premium allocation process for programs in compliance with regulations and transfer pricing regulations
Negotiation of/ oversee reinsurance agreements and KPI's
Actively lead arrangements for Stewardship meetings with lead insurers and other external partners.
Oversee, and lead the annual, underwriting data gathering and analysis strategy for specific insurance programs.
Lead strategy and production of underwriting submissions and support any market presentations.
Proactively manage and grow existing long-term relationships with global insurers
Business Support Lead
Serve as a Centre of Excellence on insurance and insurance policy and risk management related issues. Provide leadership and consultative expertise for a defined region or business.
Anticipate internal and/ or external business challenges and/ or regulatory issues; recommend process or service improvements.
Support the discussions with external captive management on renewals, documentation and claims processes.
Contract Management -support to the business on referrals for insurance clause review, indemnification, and limits of liability discussion.
Develop and update contract management guidance use by Legal, Procurement and any other business stakeholders as and when required.
Risk Management
Provide direction on claims management strategy
Evaluation of small to large exposure claims with TPA's and claims handlers
Liaison with Takeda Legal Counsel on claims management procedure and litigated claim strategy
Communication with site stakeholders and carrier claims teams
Invoice and settlement payment reconciliation
Preparation of open claims reports across multiple lines of business
Claims audit and review activities
Support Risk Engineering Program - actively working with GIRM team and GMS Engineering Lead to support the business with fire risk engineering Support CAPEX Insurance Process and Engineering Plan Reviews
Lead/ Support GIRM risk projects from time to time
Support the business on critical global contractual risk reviews and determine appropriate types and level of insurance
Additional Responsibilities:
Responsibility for/ Oversee (with support from GIRM team) the development and implementation of any insurance Management Information systems using them to streamline insurance administration, driving out time and cost
Deliver Global Insurance awareness training to key internal stakeholder groups
Participate in and lead ad hoc risk management and other business projects as required
Onboarding and training of GIRM team (new members or when new initiatives/ processes are implemented)
EDUCATION, BEHAVIOURAL COMPETENCIES AND SKILLS:
Bachelor's degree required, preferably with a concentration in Economics, Finance, Business, Law.
Strong experience in insurance risk management role in insurance/ risk industry (client facing or as a buyer)
Strong understanding of global insurance programs and client servicing
Knowledge and expertise of the global insurance markets
Knowledge of global insurance legislation, regulations and local market practice
Strong US network within the broking and insurer communities
Association of Chartered Insurance Institute qualified or part qualified or Degree/ Alternative strong and relevant academic achievements.
Life Sciences Sector experience preferred, (but not essential)
Key Skills and Competencies:
Drive and self-motivation
Excellent Organizational and Project management skills
Strong Communication and interpersonal skills and ability to build and manage senior internal and external relationships
Adaptability and capacity to work under pressure
Strong Technical insurance knowledge
Decision making and strong negotiation skills
Emotional Intelligence
Ability to work independently, with guidance in the most complex situations
ADDITIONAL
Takeda Compensation and Benefits Summary
We understand compensation is an important factor as you consider the next step in your career. We are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices.
For Location:
Cambridge, MA
U.S. Base Salary Range:
$154,400.00 - $242,550.00
The estimated salary range reflects an anticipated range for this position. The actual base salary offered may depend on a variety of factors, including the qualifications of the individual applicant for the position, years of relevant experience, specific and unique skills, level of education attained, certifications or other professional licenses held, and the location in which the applicant lives and/or from which they will be performing the job. The actual base salary offered will be in accordance with state or local minimum wage requirements for the job location.
U.S. based employees may be eligible for short-term and/ or long-term incentives. U.S. based employees may be eligible to participate in medical, dental, vision insurance, a 401(k) plan and company match, short-term and long-term disability coverage, basic life insurance, a tuition reimbursement program, paid volunteer time off, company holidays, and well-being benefits, among others. U.S. based employees are also eligible to receive, per calendar year, up to 80 hours of sick time, and new hires are eligible to accrue up to 120 hours of paid vacation.
EEO Statement
Takeda is proud in its commitment to creating a diverse workforce and providing equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, parental status, national origin, age, disability, citizenship status, genetic information or characteristics, marital status, status as a Vietnam era veteran, special disabled veteran, or other protected veteran in accordance with applicable federal, state and local laws, and any other characteristic protected by law.
Locations
Cambridge, MA
Worker Type
Employee
Worker Sub-Type
Regular
Time Type
Full time
Job Exempt
Yes
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.