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Risk and Insurance Manager

Job Details:

Job Description: 

The Global Risk Management and Insurance team is seeking Risk Manager to play a critical role in leading and developing Intel’s risk/insurance programs. This position reports directly to the Director of Risk Management and is a key member of the Risk team. This individual is responsible for managing global risk and insurance programs, leading two/three global insurance programs, Captive Management, and overall Risk Management program governance, including TCOR and RMIS system. In this role, you will help drive the success of our global risk management programs, including insurance procurement, claims management, vendor management, loss control, program design, data analytics.

Key responsibilities include, but are not limited to:

  • Structure, negotiate, design, execute, and maintain Intel’s insurance programs, in alignment with Intel’s risk tolerance, including use of risk transfer, self-insurance, and captives
  • Manage relationship with brokers, insurers, TPA, and loss control engineering.
  • Ensure robust control processes and compliance, including governance of vendors and service providers
  • Identification and implementation of process efficiency and automation opportunities with our risk management system and other third-party providers
  • Close interactions and collaboration across the organization, driving key business initiatives.
  • Drive data analytics, including benchmarking and industry trends, in order to establish areas for change
  • Contract review, negotiation, and management.
  • Anticipate obstacles, manage communication with key stakeholders, including escalations, driving resolutions in timely manner
  • Partner with key stakeholders across the organization
  • The candidate should have strong communication skills to collaborate and influence both functional and local business leaders together with the drive and leadership skills to improve the efficiency and effectiveness of our insurance programs
  • Serve as a technical consultant to senior management for assigned risk programs
  • Ensure proper financial controls and business processes are in place related to assigned risk programs
  • Support construction programs with reporting and governance.

Qualifications:

Minimum qualifications are required to be initially considered for this position. Preferred qualifications are in addition to the minimum requirements and are considered a plus factor in identifying top candidates. This position is not eligible for Intel’s immigration sponsorship.

Minimum Qualifications

  • 8+ years of related experience in a large multinational corporate environment with responsibility for a variety of property/casualty/professional insurance programs.
  • 8+ years leading project management for large, complex projects
  • BA/BS in Finance, Risk Management, or related discipline

Preferred Qualifications

  • Relevant industry certification
  • Strong executive presence, communication skills, commercial acumen, and negotiating experience - Ability to converse with senior management, external partners, and authorities
  • Solid understanding of insurance carriers, underwriters, captives, and financial markets including relationships with brokers
  • Ability to network across the company, including potential travel internationally to support global initiatives and team management
  • Ability to effectively work across organizations and geographies with tolerance for ambiguity.
  • Excellent critical thinking skills and ability to challenge the status quo

          

Job Type:

Experienced Hire

Shift:

Shift 1 (United States of America)

Primary Location: 

US, California, Santa Clara

Additional Locations:

US, Arizona, Phoenix, US, California, Folsom, US, Oregon, Hillsboro

Business group:

As members of the Finance team, employees act as full partners in making and supporting business decisions that are aimed at maximizing shareholder value. Intel Finance has a strong focus on facilitating change and improvement both within finance and in the operations supported.

Posting Statement:

All qualified applicants will receive consideration for employment without regard to race, color, religion, religious creed, sex, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, military and veteran status, marital status, pregnancy, gender, gender expression, gender identity, sexual orientation, or any other characteristic protected by local law, regulation, or ordinance.

Position of Trust

N/A

Benefits:

We offer a total compensation package that ranks among the best in the industry. It consists of competitive pay, stock, bonuses, as well as, benefit programs which include health, retirement, and vacation.  Find more information about all of our Amazing Benefits here:

https://jobs.intel.com/en/benefits

Annual Salary Range for jobs which could be performed in the US:

$134,050.00-$189,240.00

Salary range dependent on a number of factors including location and experience.

Work Model for this Role

This role will be eligible for our hybrid work model which allows employees to split their time between working on-site at their assigned Intel site and off-site. * Job posting details (such as work model, location or time type) are subject to change.

Average salary estimate

$161645 / YEARLY (est.)
min
max
$134050K
$189240K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Risk and Insurance Manager, Intel

Are you ready to take on a pivotal role at Intel as a Risk and Insurance Manager? Based in beautiful Santa Clara, California, you'll join the Global Risk Management and Insurance team, where your expertise will be crucial in steering and expanding Intel's comprehensive risk and insurance programs. Reporting directly to the Director of Risk Management, you'll manage multiple global insurance programs, ensuring that they're aligned with Intel's risk tolerance while overseeing areas like Captive Management and the Risk Management Information System (RMIS). Your journey will involve collaborating across various departments, structuring effective insurance programs, and improving efficiencies with innovative data analytics. With responsibilities that range from designing and executing risk transfer strategies to managing relationships with brokers and loss prevention specialists, this position offers a dynamic mix of challenges and opportunities. If you possess strong communication skills and have a knack for consulting senior management on risk programs, this role will allow you to showcase your leadership while driving forward key initiatives that enhance our insurance landscape. Here at Intel, we prioritize compliance and financial controls, making sure we are always on the cutting edge of industry standards. If you're an experienced professional ready to make an impact at Intel, this is the chance you've been waiting for!

Frequently Asked Questions (FAQs) for Risk and Insurance Manager Role at Intel
What are the key responsibilities of a Risk and Insurance Manager at Intel?

As a Risk and Insurance Manager at Intel, key responsibilities include managing global risk and insurance programs, leading program design, negotiating insurance contracts, and ensuring compliance with governance of service providers. You'll also engage in data analytics and benchmarking to enhance program performance, while managing vital relationships with brokers and insurers.

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What qualifications are needed for the Risk and Insurance Manager position at Intel?

To be considered for the Risk and Insurance Manager position at Intel, candidates should have at least 8 years of relevant experience in a large corporate environment, particularly in property/casualty and professional insurance programs. A degree in Finance, Risk Management, or a related field is essential, and relevant industry certifications are preferred.

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How does the Risk Management team collaborate across Intel?

The Risk Management team at Intel collaborates closely with various departments to drive key business initiatives. This entails regular communication with stakeholders, ensuring that business goals align with risk management strategies, and leveraging data analytics to identify trends and areas for improvement.

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What type of work environment can a Risk and Insurance Manager expect at Intel?

A Risk and Insurance Manager at Intel can expect a collaborative and dynamic work environment. The position allows for a hybrid work model, where employees can split their time between on-site and remote work, promoting flexibility and work-life balance.

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What is the annual salary range for a Risk and Insurance Manager at Intel?

The annual salary range for the Risk and Insurance Manager position at Intel falls between $134,050 and $189,240. This range may vary based on factors such as location and the candidate’s experience.

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Common Interview Questions for Risk and Insurance Manager
What strategies do you employ to manage global insurance programs?

When managing global insurance programs, I focus on aligning each program with the company's risk tolerance. This involves thorough market research and negotiating favorable terms with insurers while ensuring compliance with local and international regulations.

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How do you approach claims management?

My approach to claims management is proactive, involving regular communication with all stakeholders to ensure timely resolutions. Utilizing analytics helps identify trends and make informed decisions to reduce potential future claims.

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Can you explain a situation where you improved risk management processes?

In a previous role, I implemented an automated solution for documentation and reporting which significantly reduced processing time by 30%. This efficiency improvement allowed for better oversight and quicker responses to emerging risks.

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How do you negotiate with brokers and insurers effectively?

Effective negotiation with brokers and insurers requires solid preparation. I ensure I understand the market landscape and leverage data analytics to present a strong case for our needs while building rapport for open communication.

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What is your experience with risk transfer and self-insurance strategies?

In my previous roles, I have successfully implemented a combination of risk transfer strategies alongside self-insurance plans tailored to the company's specific risk profile, ensuring cost-effective risk management.

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How would you handle conflict with key stakeholders during a risk program implementation?

I believe in addressing conflicts directly by fostering open dialogue. Identifying the root cause of disagreements and finding common ground allows for collaborative solutions while maintaining transparency in the process.

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What methods do you use to keep current on industry trends?

I stay informed on industry trends through continuous education, attending relevant workshops, and subscribing to professional journals. Networking with other risk management professionals also provides valuable insights.

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Describe your experience with Captive Management.

My experience with Captive Management includes overseeing the formation and operation of captives to meet our organization’s unique coverage needs, ensuring compliance with regulations, and optimizing the financial performance.

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What data analysis tools are you familiar with?

I am proficient in various data analysis tools, including Excel, R, and Tableau, which I use regularly to interpret data, generate reports, and identify key metrics that shape our risk management strategies.

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How do you prioritize tasks in a fast-paced environment?

In a fast-paced environment, I prioritize tasks by assessing their urgency and impact on overall risk management objectives. This often involves creating a dynamic to-do list and using project management tools to stay organized.

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BADGES
Badge ChangemakerBadge Diversity ChampionBadge Flexible CultureBadge Global CitizenBadge Work&Life Balance
CULTURE VALUES
Inclusive & Diverse
Rise from Within
Mission Driven
Diversity of Opinions
Work/Life Harmony
Growth & Learning
Transparent & Candid
Customer-Centric
BENEFITS & PERKS
Snacks
Onsite Gym
Family Coverage (Insurance)
Medical Insurance
Dental Insurance
Vision Insurance
Mental Health Resources
Life insurance
Disability Insurance
Health Savings Account (HSA)
Flexible Spending Account (FSA)
Learning & Development
Paid Time-Off
401K Matching
Maternity Leave
Paternity Leave
FUNDING
DEPARTMENTS
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
April 13, 2025

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