Analyst, Insurance & Risk Management

Bausch Health - Bridgewater Township, NJ

Full-time - Mid Level

Bridgewater Township, NJ

10,001+ employees

Chemical Manufacturing

About the position

The Treasury Analyst, Insurance & Risk Management at Bausch + Lomb plays a vital role in supporting the management and implementation of the company's insurance programs. This position focuses on risk identification, mitigation, and transfer strategies to protect the organization. The analyst collaborates closely with internal teams and external partners to ensure effective management of insurance-related activities.

Responsibilities

• Assist Senior Director with annual negotiations, renewals, and placements of worldwide insurance programs, including Directors & Officers, Workers Compensation, Property, and Cyber.
• Process requests for certificates of insurance from procurement, business, legal, and third parties to support compliance with vendor contracts.
• Manage collection of worldwide underwriting data in support of all insurance renewals.
• Responsible for collection and submission of various companywide information for quarterly actuarial analysis for balance sheet reserve requirements.
• Maintain current schedule of insurance policies for internal use and diligence requirements.
• Participate in quarterly claim reviews with key internal and external stakeholders.
• Review, process, and reconcile all premium, surety bond, broker fee, and other risk management-related invoices, including vendor setup, Purchase Orders, and tracking approvals with Accounts Payable for timely payments.
• Reconcile monthly claims charges from Third Party Administrator (ESIS) and coordinate with accounting for proper accruals.
• Create ad-hoc reports and presentations for senior management as needed.
• Support global surety program including placement and tracking of surety bonds.

Requirements

• Bachelor's degree in Insurance & Risk, Business, or related field required.
• 2 or more years of Insurance & Risk Management experience required.
• Strong teamwork and time management skills, with the ability to manage shifting priorities in a fast-paced environment.
• Ability to collect, reconcile, analyze, and summarize data into actionable reports.
• Strong written and verbal communication skills.
• Excellent interpersonal skills with the ability to build strong internal and external business relationships.
• High degree of integrity, reliability, sense of urgency, decisiveness, and professionalism.