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Sr. Manager, Risk Management

Company: Illumina
Location: San Diego
Posted on: November 23, 2021

Job Description:

Reporting to the VP, Finance & Treasurer, this position will develop, recommend, and administer various risk management programs, manage Illumina's global insurance programs, and provide research and analytical support to optimize protection of Illumina's balance sheet. This role will coordinate and oversee investigation and reporting of accidents/claims under each insurance program, take responsibility for the overall insurance budget, and manage the renewal of the company's global insurance coverage portfolio. The position will interact with leaders across the company, including from Employee Health & Safety, Facilities, HR, Business Continuity Planning, Clinical, Legal, Manufacturing, and Finance.Key Responsibilities:

  • Responsible for various risk management programs, including ongoing analysis of current and potential future risks
  • Integrate the insurance program with the company's Enterprise Risk Management program and establish a risk management framework that can be used in various decision-making processes throughout the company and includes a methodology to assess the impact of risk (and the transfer of risk) on the company's bottom line
  • Lead the design, procurement, and administration of global insurance programs for Illumina
  • Responsible for insurance policy renewals, including renewal strategy, marketing, data request compilation, and negotiations
  • Oversee and collaborate with various teams across Illumina on all aspects of the global risk management budget
  • Manage insurance claims and maintain loss statistics
  • Collaborate with HR and EHS to manage the workers' compensation insurance program
  • Work with business partners in the review of insurance terms in contracts as requested, and support legal on any litigated claims
  • Main relationship contact for insurance carriers and brokersListed responsibilities are an essential, but not exhaustive list, of the usual duties associated with the position. Changes to individual responsibilities may occur due to business needs.Requirements (Qualifications and Attributes):
    • 12+ years of risk management or insurance experience and 3-6 years of management experience
    • Knowledge of risk management and insurance coverage terms and issues
    • Expertise in a variety of insurance policies, including D&O, property and business interruption, product liability, workers' compensation, professional liability, fiduciary liability, cargo, and cyber
    • Strong project management skills
    • Exceptional analytical skills
    • Excellent oral and written communication skills
    • Extraordinary focus on details, accuracy, and quality
    • Adaptable, flexible, and able to balance multiple projects / priorities
    • Integrity, reliability, initiative, and the ability to meet tight deadlines
    • Ability to work well within teams and independently
    • Exceptionally well organized
    • Disciplined and hard working with a positive attitudeAll listed requirements are deemed as essential functions to this position; however, business conditions may require reasonable accommodations for additional tasks and responsibilities. Experience/Education:
      • Requires Bachelor's degree in Risk Management, Business, or related field, or equivalent
      • MBA preferred
      • Associate in Risk Management (ARM) or related professional risk management/insurance certification preferredConcerns regarding COVID-19 continue as positive cases are experienced in the communities in which we operate. Please be aware that, as a condition of employment, Illumina may require proof of COVID vaccination in accordance with local statutory requirements (subject to limited exceptions) beginning November 1, 2021.At Illumina, we strive to foster a diverse and inclusive workplace by cultivating an environment in which everyone contributes to our mission. Built on a strong foundation, Illumina has always been rooted in openness, collaboration, and seeking alternative views and perspectives to propel innovation in genomics. We are proud to confirm a zero-net gap in pay, regardless of gender, ethnicity, or race. We also have several Employee Resource Groups (ERG) that deliver career development experiences, increase cultural awareness, and demonstrate our collective commitment to diversity and inclusion in the communities we live and work. We are proud to be an equal opportunity employer committed to providing employment opportunity regardless of sex, race, creed, color, gender, religion, marital status, domestic partner status, age, national origin or ancestry, physical or mental disability, medical condition, sexual orientation, pregnancy, military or veteran status, citizenship status, and genetic information. If you require accommodation to complete the application or interview process, please contact To learn more, visit: Concerns regarding COVID-19 continue as positive cases are experienced in the communities in which we operate. Please be aware that, as a condition of employment, Illumina may require proof of COVID vaccination in accordance with local statutory requirements (subject to limited exceptions) beginning November 1, 2021. Do you want to make a difference? Illumina's mission is to improve human health by unlocking the power of the genome. If that inspires you, let's talk. We've built a culture fueled by innovation, collaboration and openness, and established ourselves as the global leader in DNA sequencing and array-based technologies. Our people and our technology change lives by driving advancements in life sciences, oncology, reproductive health, agriculture and other emerging markets. Life at Illumina is about working with teammates who are deeply passionate about what we do, because we know that our work has the power to improve lives. We're an established company with a track record of phenomenal growth. Just check out our investor events and presentations to learn about our financial accomplishments. Our growth isn't just in financials, we've been busy hiring the best and the brightest. Perhaps that's why MIT has ranked Illumina near the top of its World's Smartest Companies each of the last three years. If you thrive in a brilliant, fast-paced, and mission-driven environment, Illumina is the place for you. Join the journey of a lifetime. Join Illumina.

Keywords: Illumina, San Diego , Sr. Manager, Risk Management, Executive , San Diego, California

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