Corporate Risk Financing Analyst

To reinforce the Corporate Risk Management philosophy to Mars, Incorporated's global business units with the purpose of 1) protecting human assets, 2) preventing loss to the corporation's physical assets, and 3) transferring the residual risk.  To administer all functional duties that support both External and Captive Risk Financing programs; as well as, maintaining day to day relationships with Mars' global insurance broker(s) and internal customers.

What are we looking for?

Must have the functional and technical knowledge and skills to do the job to a high level of accomplishment; effectively acting as a Risk Management resource for each business unit.

Demonstrate dedication to meet the expectations and requirements of internal and external customers, establishing and maintaining effective relationships and gaining their trust and respect.

Easy to approach and talk to; spending the extra effort to put others at ease, building good rapports and being a good listener and communicator.

What will be your key responsibilities?

Supporting day-to-day interaction and issues between Mars business units and its global insurance brokers and insurers.  Serve as primary contact for various risk management elements such as program summaries, premium allocations, invoicing, certificates of insurance/auto ID cards and collection of exposures.  Support the Risk Financing function in managing the Risk duties for Mars’ global business units, while implementing the strategies, goals, objectives and projects established within Corporate Risk Management.

Manage the summaries of insurance post renewal by line of coverage for both global delivery and posting on Risk Management’s Sharepoint site for business units to learn and understand the global coverages afforded to each unit.

Manage the collection and consolidation of the insurance policy renewal data/value collection process for all global business units working with the unit S&F Heads or their designees.  Manage the communication process with all global units outlining the collections process, its meaning and address all inquiries and inconsistencies.  Gather and analyze exposure and underwriting data.  Ensure accuracy of data, identify and explain variances from prior data and complete insurance applications to present to the brokers/insurers in order to negotiate renewal terms and conditions.

Managing Corporate Risk Management transactions including the tracking of premium payments, consultant fees and allocations to the business units.  Primary responsibility for the arrangement of invoice payments and purchase order requisition as well as support in the communication of the premium allocation methods to the business units.

Maintaining and improving the Risk Management Sharepoint on MyMars, including the Mars Digital team in the creation and development of the portal and responsible for managing required updates as needed.

Follow the strategies to manage the corporate shared costs and direct billing by sharing premium and retentions across business units reflecting their exposure to loss and ensuring that the units understand the process.

Oversee the Insurance Certificate process with Mars’ global insurance brokers to ensure vendors and customers receive certificates timely and accurately while minimizing Mars’ liability commitments.  Manage the Auto ID card process with the broker to ensure all Associates receive their renewal auto ID cards timely prior to the program expiration.  Communicate the process for certificate requests with Mars Associates, vendors, brokers, and insurers for all global programs.  Process to include detailed review of request and contractual provisions to ensure the ability certificate issuance is in accordance with Mars’ Risk Management requirements.

Manage the insurance carrier(s) in premium audits for all North American casualty policies for all applicable entities.

Manage and work with Mars Legal to ensure all vendors, brokers, and insurers are under a completed NDA and work to update any outdated NDAs for compliance purposes; as well as, supporting Mars Legal and brokers to comply with all KYC (Know Your Client) administration requests in various countries.

Manage the collection and maintenance for all of Mars’ insurance policy issuance to ensure accuracy and storage in Mars’ RMIS system.

What can you expect from Mars?

• Work with over 140,000 diverse and talented Associates, all guided by the Five Principles.
• Join a purpose driven company, where we’re striving to build the world we want tomorrow, today.
• Best-in-class learning and development support from day one, including access to our in-house Mars University.
• An industry competitive salary and benefits package, including company bonus.

Mars is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. If you need assistance or an accommodation during the application process because of a disability, it is available upon request. The company is pleased to provide such assistance, and no applicant will be penalized as a result of such a request.