Risk Management Manager (Finance)
This position is intended to convey to the new, independent company, to be named Solstice Advanced Materials when the separation occurs. This is expected to occur in late 2025 or early 2026.
At Advanced Materials, we are committed to offering the highest value-add specialty solutions in the advanced materials sector. Our goal is to solve our customers' most complex challenges through a robust and innovative product portfolio and by doing so, deliver exceptional value to our stakeholders. We have identified actionable strategies to grow by expanding into new products and markets and through strategic acquisitions, while keeping our top operating margins.
Joining our team means becoming part of an organization which leverages its long-standing reputation to capture growth trends by investing in innovation and manufacturing enhancements and maintaining deep customer relationships.
We foster a collaborative and inclusive work environment that values contributions and supports professional development. With a focus on innovation and sustainability, the team is dedicated to delivering value and making a meaningful impact in advancing our customers' success. Let's make that impact together.
As a Risk Management Manager for Solstice Advanced Materials, you will play a critical role in identifying, assessing, and mitigating risks to ensure the safety and success of our operations. You will report directly to our Senior Director Risk Management and you'll work out of our Morris Plains, NJ location on a hybrid work schedule.
KEY RESPONSIBILITIES
- Assist Senior Director collecting exposure data for all global insurance program renewals
- Manage property and casualty claims program including third party administrators and brokers
- Oversight of all self insured filings in applicable states
- Assist Senior Director of Risk Management in assessing Total Cost of Risk (TCOR)
- Work with the risk team, brokers and underwriters to develop and implement premium allocations for the various insurance programs for each business segment
- Responsible for reviewing contracts to provide risk management guidance (for all coverages) minimizing exposure to Advanced Materials, while assisting growth opportunities within our business segments.
- Process all invoices (wires) for the risk management programs
- Assist Senor Director Risk Management in annual departmental budgeting and AOP forecasts
- Understand SAP and its application to Risk Management
- Responsible for collecting all SAS 70 information from insurers and 3 rd party administrators
- Monitor monthly Risk Management expenditures for accuracy
- Serve as the lead contact for Risk Management SOX reporting and audit.
