Senior Insurance Specialist
- Full-time
Company Description
Eurofins Scientific is an international life sciences company, providing a unique range of analytical testing services to clients across multiple industries, to make life and our environment safer, healthier and more sustainable. From the food you eat, to the water you drink, to the medicines you rely on, Eurofins laboratories work with the biggest companies in the world to ensure the products they supply are safe, their ingredients are authentic, and labelling is accurate.
Eurofins is dedicated to delivering testing services that contribute to the health and safety of society and the planet, and to its corporate responsibility to protect the environment and ensure diversity, equity, and inclusion across the entire network of Eurofins companies.
Job Description
OVERALL OBJECTIVES:
Based in Brussels and reporting directly to the Head of Group Insurance, you will provide support and expert advice on specific insurance related matters with the ultimate objective of optimising Eurofins Scientific SE's global insurance programs.
Part (50%) or Full (100%) time employment
POSITION AND OBJECTIVES:
- Oversee insurance renewals (of which but not limited to Liability, Environmental Liability, Financial Lines and Cyber) ensuring timely completion and best coverage. Take responsibility for evaluating the wording of policies, adequate limits and appropriateness of retentions / deductibles. Research and recommend the most cost-effective transfer risk solutions.
- Implement and monitor risk prevention initiatives to minimise liabilities: work in coordination with the Business and Group Risk Manager on risk mitigation initiatives
- Manage all aspects of insurance claims, from filing to resolution.
- Conduct insurance due diligence reports for acquisitions/ investments (M&A) and assess potential benefits of transactional policies.
- Maintain clear and accurate insurance program documentation (summaries, certificate, premium & claim reporting, etc.); coordinate local underlying policies of global insurance programs in conjunction with global brokers and their online reporting tools.
- Liaise with internal stakeholders across entities and businesses within the Eurofins network on insurance needs such as providing support and guidance to National Service Centers (NSC) with respect to local risk issues and insurance related matters.
- Build and manage relationships with external insurance brokers, carriers, and captive management providers.
- Analyse insurance data to identify trends and cost-saving opportunities, including potential captive participation.
- Assist with the negotiation of favorable insurance terms and pricing, considering captive options.
- Assist with the development and implementation of insurance policies and procedures, including captive management strategies.
- Monitor industry trends and regulatory changes impacting Eurofins’ activities.
- Conduct research and recommend new insurance solutions, including captive participation, as needed.
- Maintain strong working relationships with internal and external partners.
- Ensure compliance with all insurance program requirements.
- Proactively identify and address potential insurance risks.
Qualifications
Personal skills:
- Good knowledge of the insurance industry, insurance policy wording (especially Liability type) and experience with international insurance programs.
- Excellent communication skills: This role requires clear and concise communication with both internal and external stakeholders. You'll need to explain complex insurance concepts to non-insurance professionals and negotiate effectively with brokers and carriers.
- Strong analytical skills: Analysing insurance data is crucial for identifying trends, cost-saving opportunities, and potential areas for captive participation.
- Problem-solving skills: From managing claims to mitigating risks, this role demands the ability to identify and solve problems efficiently.
- Attention to detail: Accuracy is paramount when dealing with insurance policies and procedures. You'll need a keen eye for detail to ensure everything is correct and compliant.
- Relationship management skills: Building and maintaining strong relationships with internal departments, brokers, carriers, and potentially captive providers is essential for success.
- Tech savvy with knowledge of Excel and other Business Intelligence tools
- Ability to work in an autonomous manner in a rapidly-changing organisation
- Available to travel
Education:
- Master‘s Degree in Law/Economics/Insurance/Risk Management or equivalent
Language skills:
- Fluent in English (written and spoken)
- Any additional language is an asset
Previous experience:
- 5 years minimum of experience in insurance (insurers / brokers / insurance risk managers)
Additional Information
We support your development! Do you feel you don’t match 100% of the requirements? Don’t hesitate to apply anyway! Eurofins companies are committed to supporting your career development.
We embrace diversity! The Eurofins network of companies believes in strength and innovation through diversity, being an Equal Opportunity Employer. We prohibit discrimination against employees or applications based on gender identity and/or expression, race, nationality, age, religion, sexual orientation, disability, and everything else that makes employees of Eurofins companies unique.
Sustainability matters to us! We are well on our way to achieving our objective of carbon neutrality by 2025, through a combination of emission reduction and compensation initiatives. We encourage our laboratory leaders to make sustainable changes at their local level, and in addition to their initiatives we count on our dedicated carbon reduction team to help us to achieve this goal!
Find out more in our career page: https://careers.eurofins.com/
Company description: Eurofins Scientific is an international life sciences company, providing a unique range of analytical testing services to clients across multiple industries, to make life and our environment safer, healthier and more sustainable. From the food you eat, to the water you drink, to the medicines you rely on, Eurofins laboratories work with the biggest companies in the world to ensure the products they supply are safe, their ingredients are authentic and labelling is accurate.
The Eurofins network of companies believes that it is a global leader in food, environment, pharmaceutical and cosmetic product testing and in discovery pharmacology, forensics, advanced material sciences and agroscience contract research services. It is also one of the market leaders in certain testing and laboratory services for genomics, and in the support of clinical studies, as well as in biopharma contract development and manufacturing. It also has a rapidly developing presence in highly specialised and molecular clinical diagnostic testing and in-vitro diagnostic products.
In over 35 years, Eurofins has grown from one laboratory in Nantes, France to ca. 62,000 staff across a decentralised and entrepreneurial network of more than 900 laboratories in 62 countries. Eurofins companies offer a portfolio of over 200,000 analytical methods to evaluate the safety, identity, composition, authenticity, origin, traceability and purity of biological substances and products.
In 2023, Eurofins generated total revenues of EUR 6,515 million, and has been among the best performing stocks in Europe over the past 20 years.