Analyst, Insurance & Risk Management

Bausch + Lomb (NYSE/TSX: BLCO) is a leading global eye health company dedicated to protecting and enhancing the gift of sight for millions of people around the worldfrom the moment of birth through every phase of life. Our mission is simple, yet powerful: helping you see better, to live better.
Our comprehensive portfolio of over 400 products is fully integrated and built to serve our customers across the full spectrum of their eye health needs throughout their lives. Our iconic brand is built on the deep trust and loyalty of our customers established over our nearly 170-year history. We have a significant global research, development, manufacturing and commercial footprint of approximately 12,500 employees and a presence in approximately 100 countries , extending our reach to billions of potential customers across the globe. We have long been associated with many of the most significant advances in eye health, and we believe we are well positioned to continue leading the advancement of eye health in the future.
The Analyst, Insurance & Risk Management position is an essential role which supports the management, development and implementation of the company’s insurance programs through risk identification, mitigation, prevention, and transfer. This function works closely with key internal stakeholders, including legal and finance, as well as, external partners, such as, insurance companies, brokers, and claims administrators.
Responsibilities:
Assists Senior Director with annual negotiations, renewals, and placements of worldwide insurance programs, including but not limited to, Directors & Officers, Workers Compensation, Property and Cyber.
Process requests for certificates of insurance from procurement, business, legal and 3rd parties in support of compliance with vendor contracts
Manage collection of worldwide underwriting data in support of all insurance renewals
Review, process and reconcile all premium, surety bond, broker fee and other risk management related invoices including set up of new vendors, development of PO’s, tracking of approvals and working with Accounts Payable to ensure timely vendor payments
Responsible for collection and submission of various companywide information in support of quarterly actuarial analysis for balance sheet reserve requirements
Maintain current schedule of insurance policies for both internal use and diligence requirements
Participates in quarterly claim reviews with key internal and external stakeholders
Reconciles monthly claims charges from ESIS (Third Party Administrator) and works with accounting to ensure proper accruals are booked
Creates Ad-Hoc reports and presentations to senior management, as needed
Supports global surety program including placement and tracking of surety bonds
Qualifications, Experience & Attributes:
Bachelor’s degree in Insurance & Risk, Business or related field required
2 or more years of Insurance & Risk Management experience preferred
Team oriented with excellent time management skills and ability to adjust priorities in a fast-paced, multi-task environment
Ability to collect, reconcile, analyze, and summarize data into reports
Solid written and verbal communication skills
Excellent interpersonal skills with ability to build strong internal/external business relationships
High degree of integrity, reliability, sense of urgency, decisiveness, and professionalism
Note: This role is eligible for our hybrid work schedule allowing for up to 2 days/week of remote working from home and 3 days/week in our Bridgewater, NJ corporate office.
This position may be available in the following location(s): [[USA - Bridgewater, NJ]]
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Job Applicants should be aware of job offer scams perpetrated through the use of the Internet and social media platforms.
Our Benefit Programs: https://www.bausch.com/careers/benefits/