Manager - Corporate Insurance in Bloomington, Illinois at State Farm Mutual Automobile Insurance Company

Location US-IL-Bloomington;US-GA-Dunwoody;US-TX-Richardson;US-AZ-Tempe
Job Category Underwriting and Actuarial
Position Type Regular Full Time
Req ID 44395
Overview

State Farm is looking to expand its Corporate Insurance & Risk Management team. As manager for State Farm’s Corporate Insurance team, you will be responsible for oversight of the team responsible for corporate insurance programs. This will include directing the purchase of corporate insurance programs and management of program outcomes. Successful outcomes will be enabled through strong relationships with third party service providers, brokers, insurers.

Additionally, you will collaborate with internal risk owners and stakeholders across the organization to assess and mitigate potential risks. Domestic travel will be required to meet with internal and external business partners, including travel to attend industry conferences and events. When not traveling, this person will work a hybrid schedule from one of State Farm’s offices in Bloomington, Atlanta, Dallas, or Phoenix.

Being good neighbors – helping people, investing in our communities, and making the world a better place – is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good!

Responsibilities

• Leading a high-performing corporate insurance and risk management team, in partnership with the Enterprise Risk Management department
• Building strong relationships with brokers, insurers, and TPAs, as well as maintaining relationships with industry organizations and societies
• Overseeing risk identification and formulation of strategic plans to mitigate risk
• Utilizes risk management knowledge in problem solving for enterprise business partners
• Support incident/event review (e.g., root cause themes) and ensure learnings are reflected in insurance solutions
• Accountability for decisions which impact the enterprise insurance portfolio
• Negotiation of the purchase of risk transfer solutions for the enterprise in partnership with brokers
• Overseeing risk identification and formulation of strategic plans, utilizing risk management knowledge in problem solving
• Advising upper leadership levels on risk management issues for the enterprise
• Supervision of the corporate insurance team, including employee selection, training, career development, and the administration of performance evaluations and rewards
• Continual monitoring of global developments in insurance and risk management

Qualifications

• 3+ years of P&C / Casualty insurance leadership experience
• Risk management experience preferably within insurance and financial institutions
• Strong financial acumen, including understanding of TCOR, loss reserves, and operational risks
• Ability to strategically influence stakeholders by challenging assumptions and influencing internal and external business partners to ensure decisions appropriately balance risk and growth.
• Effective communication to present risk information clearly, concisely, and with appropriate context, building credibility through transparency and consistency
• Strong decision making which demonstrates independence of thought while aligning with organizational priorities
• Professional certifications such as CPCU, ARM, RIMS-CRMP, or ACI preferred
• Bachelor's degree or higher (Risk Management, Finance, Business, or related field preferred)

Our Benefits

Because work-life balance is a priority at State Farm, compensation is based on our standard 38-hr. 45-min. work week!

• Potential starting salary range: $137,000 - $155,000
• Starting salary will be based on skills, background, and experience
• High end of the range limited to applicants with significant relevant experience
• Potential yearly incentive pay up to 24% of base salary

At State Farm, we offer more than just a paycheck. Check out our suite of benefits designed to give you the flexibility you need to take care of you and your family!

• Get Paid! On top of our competitive pay, you are eligible for an annual raise and bonus.
• Stay Well! Focus on you and your family’s health with our robust health and wellbeing programs. State Farm pays most of your healthcare premium, and we offer multiple healthcare plan options, including a high deductible plan. All medical plans provide 100% coverage for in-network preventative care, AND you and your family have access to vision, dental, telemedicine, 24/7 mental health professionals, and much more!
• Develop and Grow! Take advantage of educational benefits like industry leading training programs, top-notch tuition assistance programs, employee resource groups, and mentoring.
• Plan Ahead! Plan for those big moments in life with benefits like fertility/IVF/adoption assistance, college coaching, national discount programs, interactive monthly financial workshops, free financial coaching, and more. You can also start a savings account or consider financing through our State Farm Federal Credit Union!
• Take a Little “You” Time! You will have access to our generous time off policies designed so you can plan around holidays, family events, volunteering, or just to take a relaxing day off. With the opportunity to initially earn up to 20 days annually plus parental leave, paid holidays, celebration day, life leave (40 hours/year), bereavement leave, and community service/education support days, there will be plenty of time for you!
• Give Back! We offer several ways to give back through our Matching Gift Program, Good Neighbor Grant Program, and the Employee Assistance Fund.
• Finish Strong! Plan for retirement using free financial advisors and a 401(k) plan with company contributions of up to 7% of your salary.

Visit our State Farm Careers page for more information on our benefits, locations, and the hiring process of joining the State Farm team!