[Hiring] Insurance & Claims Management Manager @MiniMed

Role Description

This newly created Insurance and Claims Management role at MiniMed offers a unique opportunity to shape global risk strategy within a leading medical technology organization. Reporting directly to the Senior Director of Insurance and Risk Management, this highly specialized position plays a critical role in placing and optimizing insurance programs to ensure the right coverage at the right cost.

You’ll work cross functionally and across geographies, partnering with stakeholders at all levels to support insurance placement, facilitate claims resolution, enhance transparency around premiums and coverage, and strengthen MiniMed’s overall risk management capabilities.

Responsibilities may include the following and other duties may be assigned:

• Insurance Placement (40%)
  • Provides input and reviews Broker’s strategy for accuracy during the renewal negotiations.
  • Coordinates internal data requests of pre-binding information by market/function in preparation to renewals.
  • Contributes with recommendations on renewals to the Sr. Director, Insurance and Risk Management.
  • Reviews of insurance policies and endorsements for accuracy.
• Claims Management and Certificate of Insurance (COIs) (30%)
  • Key point of contact for claims from triage to resolution.
  • Manages requests for issuance and revision of COIs.
  • Supports claims management including worker’s compensation and auto insurance claims.
• Insurance Budget, Premiums Allocations, and Invoicing (25%)
  • Provides insurance budget guidance to Finance according to trends provided by the Brokers/Insurers.
  • Coordinates premium allocation across different legal entities.
  • Reviews premium invoices and coordinates payments.
• Risk Management (15%)
  • Monitors loss control program compliance.
  • Documents key risk management processes and builds presentations to educate key stakeholders.
  • Supports Sr. Director, Insurance and Risk Management in performing insurance due diligence reviews.

Qualifications

• Bachelor’s Degree and 5 years of relevant risk management and insurance experience with emphasis on managing global risk exposures.
• Or, advanced degree and 3 years of relevant risk management and insurance experience with emphasis on managing global risk exposures.

Requirements

• Master’s Degree with specialization in Risk Management, Insurance, or Finance.
• Professional insurance designations or equivalent experience.
• Professional and management liability, and property and casualty insurance experience.
• Expertise in professional and management liability, and property and casualty insurance, particularly within the MedTech field.
• Proficient in Microsoft 365 packages (Excel, PowerPoint, Word, SharePoint, Teams).
• Ability to work independently and influence without ranks.
• Analytical and detail-oriented.
• Process-driven with a disciplined approach towards deliverables and timeline.
• Ability to work across multiple time zones and cultures.

Benefits

• Competitive salary and flexible benefits package.
• Health, dental, and vision insurance.
• Access to a Health Savings Account and Healthcare Flexible Spending Account.
• Life insurance and long-term disability leave.
• Dependent daycare spending account.
• Incentive plans and a 401(k) plan with company match.
• Paid time off and holidays.
• Participation in Employee Stock Purchase Plan and access to Employee Assistance Program.
• Non-qualified Retirement Plan Supplement and Capital Accumulation Plan, subject to IRS minimum earnings requirements.