Job Details

Insurance Coverage Attorney in Covington, KY

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Company name

Ashland, Inc.

Organization Type


Job Type


Practice Area

Insurance Coverage

Years of Experience

Min 5 yrs required


Covington, KY

Date Last Verified

Dec 13,2017

Posted on

Sep 06,2017

141 hits


Risk Manager The candidate will be reporting to the Director of Enterprise Risk Management and Insurance, will execute solutions to reduce firm's total cost of risk and protect the company's physical and financial assets. Will execute firm's risk management strategy to reduce total cost of risk and protect of the company's physical and financial assets. Advise business units regarding risk exposures, applicable insurance coverage and risk mitigation strategies. Develop executive reports of risk management performance metrics. Work with Executive Management and key process owners on the evaluation reporting, and improvement of processes around the effective monitoring and mitigation of key operational and strategic risks. Assess and report on all key risks that threaten the firm's enterprise. Establish programs to better monitor and mitigate identified risks, Support, maintain and design exercise of corporate crisis management structure. Take a lead in analysis and evaluation of strategic alternatives to risk transfer and insurance. Design and implement processes to compile and validate global risk exposure data including key financial and operational metrics, business interruption values, and historical claims statistics. Design and implement program to minimize cost of risk financing programs including environmental financial assurance requirements and collateral requirements of insurers, while optimizing risks retained on the corporate balance sheet. Participate in contract negotiations, including selected insurers, coverage limits, terms, conditions, exclusions and premiums. Leading more complex casualty program, information gathering and strategic design. Take a lead in the analysis and evaluation of alternatives for risk transfer and insurance, design and implement process for compiling risk exposure data, design and implement costs savings strategies, negotiate with insurance providers, and implement optimized insurance and financial assurance strategies. Implement risk financing cost allocation methodologies in both insurance and financial assurance roles. Participate in the negotiation of risk management-related services and compensation provided by firm's insurance brokers, third-party claims administrators (TPAs), loss control engineers, actuary, captive managers and other vendors; monitor vendor performance relative to service agreements. In conjunction with other firm's resource groups, develop solutions and generate buy-in among key stakeholders to reduce claims frequency and severity. Provide coordination and support to risk analysts and various constituents of firm's global crisis management framework. Complete ownership of end to end worker’s compensation governance and oversight processes - including data integrity, claims process, managing inputs from claims team, EHS and third party vendors, monitoring a ~20 MM reserve and multi-million dollar annual spend. Oversees claims reviews to identify areas in Worker's compensation to drive down number of claims and claims cost. Implement risk management financial controls in accordance with firm's internal audit requirements (e.g., review and validate invoices and vendor payments). Monitor third party contractual compliance with firm's insurance and indemnification requirements.

Qualification and Experience

The candidate must have 5+ years risk management, finance or internal audit experience with increased responsibility and varied duties, preferably in a multinational corporate environment. Sound analytical techniques and ability to understand and communicate complex financial concepts is required. Bachelor's degree - M.B.A. or J.D. Degree preferred. C.P.A. designation or relevant industry credentials a plus. Strong Microsoft Office skills is required.

Additional info

Requisition # 2017-6869

Company info

Hiring Coordinator
Ashland, Inc.
50 E. RiverCenter Blvd.
P.O. Box 391
Covington, KY 41012-0391