Purpose & Overall Relevance for the Organization:
The Risk Finance & Transfer Department embraces its responsibility to protect adidas’ profit and assets through efficient & innovative risk financing, transfer and mitigation for relevant exposure.
All the while, collaborating with internal and external stakeholders to analyze significant existing and emerging exposures.
The Senior Manager Risk Finance & Transfer analyses, evaluates and manages relevant exposures and implements adequate risk finance and transfer programs. The Senior Manager Risk Finance & Transfer supports the Director Risk Finance & Transfer in operational, financial and strategic risk finance and transfer decisions and actively drives all insurance/reinsurance activities for the global Insured Employee Benefits program and/or Commercial and other global and local Insurance Lines.
Key Responsibilities:
Insured Employee Benefits Program worldwide in the range of 30-40 Mio EUR premiums paid (Life, Disability, Accident, Medical incl. Expat)
Commercial and other global and local Insurance Lines but not limited to Liability, Directors and Officers, Employment Practices Liability, Crime and Cyber Insurance
* Manage actively the associated risk exposure, autonomously negotiate best terms and conditions, manage the end-to-end Insurance process from application through binding of coverage incl. annual premium allocation process
* Engage in Risk Management Initiatives such as Loss Prevention Measures and Mitigating Actions (e.g. wellbeing, sprinklers)
* Support new concepts/strategies for relevant exposures and insurance programs and closely monitor the implementation by guiding all internal and external parties involved
* Provide expertise for assigned functional areas/systems and processes towards team and business partners.
* Manage medium sized projects and/or actively participate in projects; implement findings and ensure sustainability of achievements.
* Verify multiple reinsurance transactions of above mentioned line of business
* Support annual accounting and ensure proper reporting
* Challenge constantly implemented risk financing options and develop alternative risk financing options to improve the cash flow or reduce adverse P&L effects
Knowledge, Skills and Abilities:
* Ability to think and act strategically and develop operational plans
* Comprehensive business understanding and thorough understanding of the complexity, interactions and dynamics within an international company
* Ability to operate cross-functionally and understanding of external business drivers
* High degree of customer orientation and excellent communication and negotiation skills for influencing others
* Experience in Project Management
* Understanding of HR Rewards and Benefit programs
* Enable fact based decision by creating transparency on overall loss exposure of adidas
* Business fluency in English (written and spoken)
* Very good analytical skills, managing large data quantities from multiple sources
* Robust Expertise in reading and interpreting insurance policies/agreements/wordings
* Strong Expertise in Multinational Pooling and/or Captive
Requisite Education and Experience / Minimum Qualifications:
* University degree (e.g. Bachelor in Insurance and/or Risk Management) or Insurance apprenticeship combined with higher internal or external education in the field of insurance (e.g. Versicherungsfachwirt/-betriebswirt)
* Five to seven years’ experience in the insurance industry, preferably commercial and international sector