Associate Director Risk Management & Insurance_

Andover

Date Posted:

2024-05-29

Country:

United States of America

Location:

MA600: Andover, MA 366 Lowell St 366 Lowell Street , Andover, MA, 01810-5423 USA

Position Role Type:

Hybrid

RTX Corporation is an Aerospace and Defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises three industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, and Raytheon. Its 185,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Arlington, VA.

To realize our full potential, RTX is committed to creating a company where all employees are respected, valued and supported in the pursuit of their goals. We know companies that embrace diversity in all its forms not only deliver stronger business results, but also become a force for good, fueling stronger business performance and greater opportunity for employees, partners, investors and communities to succeed.

The following position is to join our RTX Corporate, Enterprise Services, Research Center or BBN team:

Brief Department Description

We have an opening for an Associate Director, Risk Management & Insurance in Raytheon Technologies (RTX) Treasury department in the area of Risk Management & Insurance. This is not an executive level role. This role can be Hybrid based in either Boston Area or NYC area or full remote based on the eastern seaboard and is responsible for partnering with RTX business segments to provide technical support and guidance on all matters related to risk management and insurance. This position reports directly to the Director of Risk Management & Insurance for RTX Corporate Finance. Selected candidate will be required to work business hours that align with Eastern U.S. time.

JOB DESCRIPTION

What you will do:

+ Partner with Raytheon Company/Business Segment (RTX business segments to provide technical support and guidance on all matters related to risk management and insurance.

+ Oversight and management of all US and international insurance programs for RTX including: Property/Asset Protection; Marine Cargo/Transit, Workers Compensation/Employers Liability; Defense Base Act; Claims Coordination, Aviation, Auto liability, and General Liability

+ Identification of insurance risks associated with the defense segment

+ Support the following:

+ Mergers, Acquisitions and Divestitures

+ Cost Forecasting

+ Risk Finance

+ Partner with brokers, insurers and Third-Party Adjusters Administrators of the corporation to ensure quality of risk management services to Raytheon.

+ Administer all aspects of the Defense Base Act policy pursuant to the corporate standard.

+ Provide insurance claim reporting, contract review technical guidance and training to the RTX departments including Finance, Enterprise Services, Engineering, Contracts Legal, EH&S, Operations and Supply Chain Management Departments.

+ Interact with business leaders on all major construction projects and site expansions.

+ Take part in RTX Learning and Development initiatives including RTX CORE and annual ethics courses.

+ Provide technical support and guidance to the business on all aspects of Risk Management and Insurance

+ Provide periodic updates on all relevant Risk Management issues to the RTX leadership teams.

+ Support functional process improvements within Risk Management including leading topical discussions for the group.

+ Other duties as necessary to put in place a leading global Risk Management program for RTX

+ Review insurance renewal data.

Qualifications you must have

+ A Bachelors degree in Accounting, Finance, Business or related field and at least 12 years of relevant experience or an advanced degree and 10 years’ experience gained in a large corporate Risk Management setting

+ Good interpersonal skills, including ability and desire to communicate, collaborate, and coordinate with others throughout RTX Finance organizations, at RTXHQ and Business Units.

+ 10 years of Risk Management experience in a large multi-national corporate environment

+ 10 years of experience in multi-line property and casualty insurance portfolio

+ 5 plus years of experience and/or knowledge of the defense contracting environment

Education Experience Skills and Certifications

+ This role typically requires a Bachelors degree in Accounting, Finance, Business or related field and at least 12 years of relevant experience or an advanced degree and 10 years’ experience gained in a large corporate Risk Management setting

Required Security Clearance: NA

Work Authorization Status :

+ Must be a U.S. Citizen. This position may require access to systems/tools/sites that are restricted to individuals who possess US citizenship

Qualifications We Prefer

+ MBA preferred

+ Minimum of 10 years of Risk Management and/or Brokerage experience

+ Detail oriented

+ Analytical thinker

+ Superior communication skills

+ Exceptional attitude and work ethic

+ Self-motivated, able to work independently and under pressure.

+ Able to multitask and have excellent organizational and time management skills.

+ Strong written and verbal communication skills.

+ Ability to synthesize large amounts of information into meaningful analysis

Work Location:

+ Hybrid based in Boston, NYC or Remote based in the Continental US with ability to work East Coast business hours

Please consider the following role type definitions as you apply for this role.

Onsite: Employees who are working in Onsite roles will work primarily onsite. This includes all production and maintenance employees, as they are essential to the development of our products.

Hybrid: Employees who are working in Hybrid roles will work regularly both onsite and offsite. Ratio of time working onsite will be determined in partnership with your leader.

Remote: Employees who are working in Remote roles will work primarily offsite (from home). An employee may be expected to travel to the site location as needed.

What We Offer: Whether you’re just starting out on your career journey or are an experienced professional, we offer a robust total rewards package with compensation; healthcare, wellness, retirement and work/life benefits; career development and recognition programs. Some of the benefits we offer include parental (including paternal) leave, flexible work schedules, achievement awards, educational assistance and child/adult backup care.

#reempowerprogram

This role is also eligible for the Re-Empower Program. The Re-Empower Program helps support talented and committed professionals as they rebuild their capabilities, enhance leadership skills, and continue their professional journey. Over the course of the 14-week program, experienced professionals will gain paid, on-the-job experience, have an opportunity to participate in sessions with leadership, develop personalized plans for success and receive coaching to guide their return-to-work experience. Upon completion of the program, based on performance and contributions participants will be eligible for a career at RTX.

Minimum Program Qualifications:

To qualify for the Raytheon Technologies, Re-Empower Program, candidates should:

∗ Be on a career break of one or more year at time of application

∗ Have prior experience in functional area of interest

∗ Have interest in returning in either a full-time or part-time position

#LI-RC1

The salary range for this role is 143,000 USD - 287,000 USD. The salary range provided is a good faith estimate representative of all experience levels. RTX considers several factors when extending an offer, including but not limited to, the role, function and associated responsibilities, a candidate’s work experience, location, education/training, and key skills.

Hired applicants may be eligible for benefits, including but not limited to, medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k) match, flexible spending accounts, flexible work schedules, employee assistance program, Employee Scholar Program, parental leave, paid time off, and holidays. Specific benefits are dependent upon the specific business unit as well as whether or not the position is covered by a collective-bargaining agreement.

Hired applicants may be eligible for annual short-term and/or long-term incentive compensation programs depending on the level of the position and whether or not it is covered by a collective-bargaining agreement. Payments under these annual programs are not guaranteed and are dependent upon a variety of factors including, but not limited to, individual performance, business unit performance, and/or the company’s performance.

This role is a U.S.-based role. If the successful candidate resides in a U.S. territory, the appropriate pay structure and benefits will apply.

RTX anticipates the application window closing approximately 40 days from the date the notice was posted. However, factors such as candidate flow and business necessity may require RTX to shorten or extend the application window.

RTX is An Equal Opportunity/Affirmative Action Employer. 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, age or any other federally protected class.

Privacy Policy and Terms:

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Raytheon Technologies is An Equal Opportunity/Affirmative Action Employer. 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, age or any other federally protected class.