Matson is recruiting for a Senior Risk Manager. The Senior Risk Manager 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 involves working with brokers and underwriters to ensure proper insurance policies are established to mitigate risk. 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.
Primary Duties and Responsibilities:
Partner with brokers to ensure proper insurance policies are in place and, if required, procure additional insurance coverage to minimize premium cost while keeping the potential for unexpected losses within acceptable limits.
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.
Evaluate, negotiate and, if needed, develop insurance language in contracts and leases to ensure that 1) Matson has sufficient insurance coverage and risk exposures are mitigated whenever possible; and 2) any material uninsured risk is identified and assessed by management.
Evaluate, negotiate and, if needed, develop claims language in carrier and customer contracts that support ML’s best interests and business development.
Identify risk exposures related to new business activities to ensure that appropriate insurance coverage is obtained.
Manage the distribution of evidence of insurance (certificates) to customers and business partners to comply with contractual obligations.
Manage claims administration and provide day to day support of claims team.
Engage with Matson Logistics’ lines of business (MLI, MLW, & MLS) to facilitate, negotiate, and support claims resolution.
Work with ML’s finance and carrier management departments in conjunction and coordination with Matson Legal to drive claims negotiations and resolution with carriers.
Work with ML’s executive management (President, VP Highway Services, VP Warehousing, etc.) to ensure management awareness and agreement to claims resolutions that impact margin or bottom line.
Oversee and support internal MLI awareness and education of claims processes, insurance coverages and claims statistics.
Oversee an all risk cargo insurance program and support the internal sales effort of MLI’s Shipper’s Interest coverage to ensure appropriate usage and maximum profitability.
Provide estimates of insurance claim provision and premium expense used in annual budget.
Prepare written procedures for key risk management processes and SOX controls, providing live training sessions as needed.
Provide backup support to Director, Risk Management with respect to ocean transportation contract review and specified projects.
Strong analytical and project management skills.
Strong proficiency with Excel and reporting writing.
Strong technical knowledge of marine and logistics insurance policies and coverage terms.
General knowledge of domestic transportation claims rules, regulations, and processes.
Associate in Risk Management and/or Associate in Marine Insurance Management preferred.
10 years related experience in insurance or related role.
Experience with domestic transportation claims rules, regulations, and processes.
Matson is an Equal Opportunity Employer
Matson is an equal opportunity employer committed to a diverse and inclusive workforce. Applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), age, sexual orientation, national origin, marital status, parental status, ancestry, disability, AIDS/HIV status, gender identity, gender expression, veteran status, genetic information, other distinguishing characteristics of diversity and inclusion, or any other protected status.
Qualified applicants with arrest and/or conviction records will be considered for employment in a manner consistent with federal and state laws, as well as applicable local ordinances, including, but not limited to, the San Francisco and Los Angeles Fair Chance Ordinances.
Internal Number: Req 1221
Matson, Inc. is a publicly traded company on the New York Stock Exchange trading under the symbol MATX. Founded in 1882, Matson is one of the leading U.S. carriers in the Pacific and provides a vital lifeline to the island economies of Hawaii, Alaska, Guam and Micronesia as well as select South Pacific islands and operates a premium, expedited service from China to Southern California. Matson is the parent company of Matson Logistics, which was established in 1987 and extends the geographic reach of Matson’s transportation network throughout the continental U.S with integrated, asset-light logistics services including rail intermodal, highway brokerage and warehousing. Matson is also the parent company of Matson Terminals, which was established in 1921 and provides container stevedoring, terminal and equipment maintenance services for Matson in Hawaii.