Description:This position is responsible for the management of Lockheed Martin's domestic and international Casualty insurance programs, including but not limited to Workers’ Compensation, Automobile Liability, Commercial General Liability, Errors and Omissions Liability, Cyber Liability, etc. and providing general risk management support as Risk Manager to the Missiles & Fire Control business area of Lockheed Martin. The position reports to the Director, Risk Management in Lockheed Martin's corporate Risk Management department in Bethesda, MD. The principal responsibilities of the position are as follows:
• For each assigned line of insurance: Collect renewal data; prepare applications, underwriting submissions, and renewal presentations; prepare renewal planning reports for Lockheed Martin management; oversee negotiations with carriers; prepare final renewal proposals for management approval; and obtain and review appropriate documentation for binding of coverage. Review policies for compliance with negotiated terms and prepare insurance summaries and any other necessary communications to the business units. Manage the reporting and adjustment of claims. Ensure compliance with all policy reporting requirements and applicable legal requirements. On an ongoing basis, assess Casualty risks throughout the Corporation and identify the need for additional types or levels of coverage.
• Manage a corporate-wide program of workers' compensation cost containment and oversight of the Corporate Workers’ Compensation manager. This includes the development of performance standards for all parties involved in the claim handling process, negotiation of contracts with service providers, coordination of performance audits and site-specific cost containment assessments, follow-up on implementation of improvements, evaluation of the effectiveness of the overall cost containment program and performance of individual providers, and providing appropriate education and support to the business units on workers' compensation matters.
• Provide the following risk management support to the Missiles & Fire Control business area: Identify risks through review of contracts, develop appropriate risk management strategies, and document risk review through written analyses. Support M&A activity as necessary. Respond to business units' ongoing risk management service needs; provide evidence of insurance coverage as required by contracts, leases, etc.; respond to questions regarding scope of Lockheed Martin insurance coverages; and arrange surety bonds where appropriate. Assist in preparation of filings for SAFETY Act Designation and/or indemnification under Public Law 85-804.
The incumbent is expected to maintain a high level of technical expertise in each of the assigned lines of insurance and in workers' compensation cost containment, and a familiarity with insurance law and basic litigation management.
Candidates must have a bachelor's degree in a relevant academic area, including a significant number of finance credits, and at least 10 to 15 years of experience in corporate risk management, insurance brokerage, or insurance company operations.
The position is based in Bethesda, MD with approximately 20% travel to business area sites and vendor meetings domestically and internationally
Set Your Career on Afterburners! Join one of the finest organizations on the planet! Take Risk Management to new heights! Do you or someone you know want to be part of Lockheed Martin's greatest Missions?! We are looking for our next Casualty Insurance Sr. Risk Manager that has strong experience in corporate risk management, deep experience with workers’ compensation, automobile coverage, cyber coverage, general liability, excess liability, international liability and other relevant experience. Familiarity with U.S. Government contracting practices a plus!! Apply today and connect with me for a high visibility job located at the Lockheed Martin Corporate Headquarters in Bethesda, Maryland!!
Basic Qualifications: 10 years minimum experience in corporate risk management, insurance brokerage, or insurance company operations
Related Bachelors or Masters degree
Familiarity with basic Property/Casualty insurance concepts and strong technical expertise in Casualty insurance and Workers’ Compensation including claims management and cost containment
Familiarity with U.S. Government contracting practices and acquisition regulations.
Strong Project Management skills.
Intermediate proficiency in Microsoft Office applications Desired Skills: MBA, ARM and/or CPCU designation would be considered a plus, as would a current insurance brokerage license.
15 years experience in corporate risk management, insurance brokerage, or insurance company operations.
Knowledge of Lockheed Martin Business Areas, systems and processes.
Business acumen with strong focus on finance.
Effective written and verbal communication skills.
Effective interpersonal skills.
Internal Number: 489705BR
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.