Risk Manager, Property Insurance

Vantive: A New Company Built On Our Legacy

Baxter is on a journey to separate our ~$5B Kidney Care segment into a standalone company. Vantive* will build on our nearly 70-year legacy in acute therapies and home and in-center dialysis to provide best-in-class care to the people we serve. We believe Vantive will not only build our leadership in the kidney care space, it will also offer meaningful work to those who join us.

At Vantive, you will become part of a community of people who are focused, courageous and don't settle for the mediocre. Each of us are driven to help improve patients' lives worldwide. Join us as we revolutionize kidney care and other vital organ support.

• Completion of the proposed separation of Kidney Care from Baxter into a standalone company (to be named Vantive) remains subject to the satisfaction of customary conditions.

Your Role at Baxter

The Global Property Risk & Insurance Manager is primarily responsible for oversight and coordination of key aspects of the worldwide property insurance programs. This will include the understanding and evaluating of insurance policies, coverage enhancements, assessing risks, coverage placement, as well as more broadly assisting in the structuring, negotiating, purchasing and day to day management of all aspects of the global Property and Transit/Cargo insurance programs, including assistance with any coverage related disputes and claims.

This position routinely collaborates with insurance brokers, insurers, claims adjusters, and various internal and external customers. This role will report to the Director of Global Risk Management within Treasury and will include domestic and international responsibility with respect to evaluating the operational risks associated with the business. The objective of this position is to provide risk management expertise and guidance in achieving compliant and cost effective global and local insurance programs and ensure relevant risks are adequately covered by way of insurance or other core risk management techniques.

Essential Duties and Responsibilities:

• Assists in the negotiation, structuring and management of worldwide global Property, Transit/Cargo, and any other assigned insurance programs. Renewal of programs consists of supporting renewal strategy, collection/approval of global renewal data, and negotiation of coverage terms. Coordinates and takes lead on all US and non-US coverages for all assigned insurance programs.

• Serves as a key contact for insurance brokers, external vendors, insurers and consultants. Manages underwriting meetings and renewal discussions. Monitors the performance of Baxter's insurers, brokers and claims adjusters. Conducts annual stewardship meetings with external partners.

• Leads property loss control in partnership with insurers and Baxter local site teams. Coordinates with sites to review loss control recommendations made by insurers and ensure priority projects are completed and communicated to insurers.

• Manages assigned Property, Cargo/Transit, and other claims, including claims reporting, oversight of third-party adjusters, evaluation of settlements, and claim reviews.

• Leads and resolves complex and difficult claims to achieve positive settlements. Maximizes insurer/subrogation recoveries to minimize the impact on the bottom line.

• Establishes and maintains positive relationships with partners to continuously get results and minimize total cost of risk, including property engineering and maintenance, EHS, Legal, and more.

• Determines and evaluates risk in contracts, leases and other documents. Recommends and advises strategies to transfer or finance risk through insurance or other risk financing methods so that the company does not unnecessarily assume the liability of others. Strong technical knowledge of contract insurance requirements, liabilities, and indemnifications as it pertains to vendor and procurement agreements is necessary.

• Responsible for contributing to the planning and forecasting of the Risk Management Annual Plan. Plan project entails making accurate fact-based predictions of insurance market trends, knowledge of developments and changes in exposures that will affect policy pricing. Budget process also includes the forecasting of variable expenses and expected retained losses.

Qualifications:

• 5 plus years of experience in Risk Management and/or Insurance, preferably at a large global organization.

• Proficient in complex global property insurance programs, including loss control and engineering recommendations.

• Good presentation skills and ability to lead and interact with all levels of management.

• Strong interpersonal skills and an effective communicator.

• Ability to take initiative, guide and influence others toward goal accomplishment.

• Proficient use of Risk Management Information System (RMIS); Origami knowledge preferred.

• Eagerness to learn and continuously improve.

• Maintains high standards of ethics and integrity.

Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a minimum of 3 days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission.

We understand compensation is an important factor as you consider the next step in your career. At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $112,000 to $154,000 annually. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors. This position may also be eligible for discretionary bonuses. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

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The successful candidate for this job may be required to verify that he or she has been vaccinated against COVID-19, subject to reasonable accommodations for individuals with medical conditions or religious beliefs that prevent vaccination, and in accordance with applicable law.

Equal Employment Opportunity

Baxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.

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Pay Transparency Policy

Reasonable Accommodations

Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.

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