Xylem (XYL) is a leading global water technology company committed to
developing innovative technology solutions to the world’s water
challenges. The Company’s products and services move, treat, analyze,
monitor and return water to the environment in public utility,
industrial, residential and commercial building services settings. Xylem
also provides a leading portfolio of smart metering, network
technologies and advanced infrastructure analytics solutions for water,
electric and gas utilities. The Company’s more than 16,500 employees
bring broad applications expertise with a strong focus on identifying
comprehensive, sustainable solutions. Headquartered in Rye Brook, New
York with 2017 revenue of $4.7 billion, Xylem does business in more than
150 countries through a number of market-leading product brands.
The name Xylem is derived from classical Greek and is the tissue that
transports water in plants, highlighting the engineering efficiency of
our water-centric business by linking it with the best water
transportation of all – that which occurs in nature. For more
information, please visit us at www.xylem.com.
THE ROLE: The Director, Risk Management is responsible for the overall
strategy and execution of Xylem’s insurance and risk management
programs, which includes but is not limited to strong knowledge of the
insurance programs, handling claims/losses, interfacing with Third Party
Administrators (TPA’s) and legal counsel, administering the risk
management program on a daily basis, managing and analyzing risk
management data, conducting risk management education programs and
leading projects focused on loss reduction and safety. The Director,
Risk Management must possess a strong orientation to continuous
improvement with the goal of executing a best-in-class Risk Management
function. The position requires collaboration with various business
units, brokers and underwriters, and claim personnel to identify
exposures to loss and develop techniques to eliminate or minimize the
impact of loss on the company’s assets and operations. The Director,
Risk Management may support the head of Enterprise Risk Management (ERM)
in executing various aspects of Xylem’s ERM program. Also, as part of
the Treasury Department, the Director, Risk Management may provide
assistance on Treasury-related issues.
Candidates must be creative and outgoing, have excellent analytical and
communication skills, thrive in a high performance culture, have a
“can-do” attitude, be willing to take on broader finance projects, think
proactively and possess good business sense. The Director, Risk
Management will interact with Xylem’s 16,500 employees around the world
to provide service and support in their daily business needs.
ESSENTIAL DUTIES/PRINCIPAL RESPONSIBILITIES:
- Develop, implement and manage comprehensive and competitive
insurance programs. Conducting market negotiations of policy terms,
conditions, structure and pricing for lines of coverage including
but not limited to domestic and foreign casualty, property, D&O,
professional, cyber, marine, aviation, etc. Research, evaluate and
make recommendations regarding current and state-of-the-art trends
in risk management, safety and loss control strategies.
- Prepare budgets, forecasts, total cost of risk analysis, premium
allocations, liability reserve analyses and manage premium audits
and retro calculations.
- Oversee and manage all aspects of global insurance claims processes,
coordinate with businesses, legal, and other functions, as required,
to ensure timely and appropriate settlement of claims. Participate
in claim review meetings and analysis of claim reserves.
- Provide consultation and technical advice to the business units on
insurance and risk management issues.
- Perform M&A due diligence, identifying and analyzing significant
risk management and insurance issues, estimating cost synergies,
compiling required underwriting data and making
appropriate recommendations. Ensure smooth and efficient integration
of acquisitions into Xylem’s insurance and risk management programs.
- Negotiate and maintain strong relationships with and manage services
provided by insurers, brokers, TPAs and other service providers
necessary to the risk management programs.
- Review contracts and other legal documents to evaluate risk related
provisions and make recommendations while assuring compliance with
insurance and risk management policies.
- Maintain updated schedule of insurance and detailed policy summaries
for internal use.
- Create and disseminate regular reports of key metrics (dashboards)
to business units to drive risk improvement.
- Develop and deliver training and communications to ensure the
efficient operation of the risk management programs by individual
operating units.
- Other risk management projects and duties as assigned, including
possible captive feasibility study and implementation.
MINIMUM QUALIFICATIONS: EDUCATION, EXPERIENCE, SKILLS, ABILITIES,
LICENSE/CERTIFICATION:
- Bachelor’s degree in Finance, MBA preferred.
- Minimum of 10 years’ experience in the field of Risk Management,
reflecting increasing levels of responsibility within a
manufacturing environment.
- ARM or CPCU certification/designation preferred.
- Experience working with global insurance programs, exposures
and colleagues.
- Excellent written and verbal communication skills, including
customer service.
- Exceptional analytical skills with attention to detail, and ability
to create dashboards and reporting.
- Creative thinking and a strong orientation to the principles of
continuous improvement.
- Ability to work independently and self-manage.
- Resourceful in solving problems.
- Change management skills.
- Works well in team environments.
- Committed to organizational and individual growth.
- Adept in managing multiple projects under deadlines with
changing priorities.
- Consultation skills to provide advice and information as a subject
matter expert on risk management for a global community
of colleagues.
- Strong PC skills including MS Office (Word, Excel and PowerPoint).
- Continuous improvement mindset
- Cross-boundary collaboration
- Inspiring accountability
- Developing capability (for people manager)
- Leading people & teams (for people manager)
PHYSICAL DEMANDS:
(The physical demands described here are representative of those that
must be met by an employee to successfully perform the essential
functions of this job. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential functions.)
- Work is generally conducted in an office environment.
- Regularly required to sit, stand, walk and reach with hands
and arms.
- Frequently required to communicate orally.
- Ability to use hands and fingers dexterously to operate
office equipment.
- Vision abilities required by this job include close vision.
- Will require travel to project sites.
- Work may require lifting less than 35 lbs.
- Employee use of personal protective equipment (PPE) may be required
in certain situations.
- Employee must comply with all local regulations and published
Company work rules as well as written instructions.
WORK ENVIRONMENT:
(The work environment characteristics described here are representative
of those an employee encounters while performing the essential functions
of this job. Reasonable accommodations may be made to enable
individuals with disabilities to perform the essential functions.)
- Office: Standard office equipment; work usually performed in an
office setting free from any disagreeable elements.
- Standard weekly job hours: 40 hours
- Travel: <20%
EOE/FEMALES/MINORITIES/PROTECTED VETERANS/DISABLED