What are the responsibilities and job description for the Assistant Risk Manager position at Eastman?
Founded in 1920, Eastman is a global specialty materials company that produces a broad range of products found in items people use every day. With the purpose of enhancing the quality of life in a material way, Eastman works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. The company’s innovation-driven growth model takes advantage of world-class technology platforms, deep customer engagement, and differentiated application development to grow its leading positions in attractive end markets such as transportation, building and construction, and consumables. As a globally inclusive and diverse company, Eastman employs approximately 14,000 people around the world and serves customers in more than 100 countries. The company had 2023 revenue of approximately $9.2 billion and is headquartered in Kingsport, Tennessee, USA. For more information, visit www.eastman.com.
Responsibilities
The Assistant Risk Manager identifies risk and develops strategies to manage and/or mitigate risks through comprehensive analysis; internal and external partnership; and risk management policy execution. In this highly visible role, the team members will gain exposure as they interact with various aspects of the Company’s Insurable Risk Management program. The role helps lead the daily decision-making and management of several of the Company’s Insurance policies including property, marine cargo, general liability, excess liability, and more. The role supports domestic and international lines, and interfaces with internal and external partners including Legal, Procurement, Engineering, Health Safety & Environmental, Insurance Carriers and Insurance Brokers.
The candidate needs strong contract negotiation and project management skills. The individual will interface regularly with senior leadership and external partners and will need to exercise independent analysis and problem-solving skills.
- Provide oversight to Eastman’s comprehensive insurance and risk management program, evaluating and proactively recognizing risks that could impact the safety, security, or financial success of the organization
- Provide strategic guidance and influence across multiple stakeholders to drive effective and thorough decision making related to US and International programs
- Administer, guide, and direct the Global Insurance programs, including:
o Builders Risk
o Marine Cargo
o Cyber
o Crime
o Excess Liability
- Apply sound judgement in evaluation of risks, controls, and impacts to corporate financials
- Manage policy placement and claims, including leading negotiations with external parties. Maintain relationships with insurance carriers, brokers and Third-Party Administrators
- Support Company with contract language review as needed for insurance, indemnity, risk transfer considerations
- Drive Risk Reduction and Risk Transfer
o Collaborate with partners on special projects and support team with other insurance lines
o Plan and support Reinsurance Seminars and other engagement activities sponsored by Risk Management & Insurance
- Oversee loss prevention efforts with the business units and ensure documentation is update
- Support the Enterprise Risk Management (ERM) program through facilitating cross function discussions, assisting in the identification, assessment, and mitigation of risks across the organization, and preparing materials for executive leadership.
- Prepare premium budgets and forecasts and collaborate/communicate with relevant stakeholders
- Actively participate on Mergers, Acquisitions, and Divestitures team projects
Qualifications
Bachelor’s degree in Risk Management, Finance, Economics, Engineering, Statistics, or business-related degree required- 5 years’ risk management, financial analysis, or business related experience required, 10 years of experience preferred
- ARM, CRMP, or other Risk Management certification preferred
- MBA preferred
Eastman Chemical Company is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, disability, pregnancy, veteran status or any other protected classes as designated by law.
Eastman is committed to creating a powerfully diverse workforce and a broadly inclusive workplace, where everyone can contribute to their fullest potential each day.
