Sr. Manager of Risk and Business Insurance

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Sr Manager of Risk and Business Insurance

A job at
TSMC Arizona
offers an opportunity to work at the most advanced semiconductor fab in the United States. TSMC Arizona’s first fab will operate its leading-edge semiconductor process technology (N4 process), starting production in the first half of 2025. The second fab will utilize its leading edge N3 and N2 process technology and be operational in 2028. The recently announced third fab will manufacture chips using 2nm or even more advanced process technology, with production starting by the end of the decade.

America’s leading technology companies are ready to rely on TSMC Arizona for the next generations of chips that will power the digital future.

Brief

Description:

As the Sr.Business Insurance Manager for TSMC, you will spearhead the strategic placement and management of insurance programs supporting large construction projects. You will work closely with brokers, insurers, and internal teams to ensure comprehensive risk management and compliance. Your role is pivotal in safeguarding our operations and facilitating seamless project execution through proactive insurance management.

Responsibilities:

• Lead Insurance Placement:
• Direct the OCIP placement efforts with brokers and insurers, ensuring the timely delivery of program policies aligned with construction project timelines.
• Program Oversight:
• Oversee the enrollments, contracts, safety, claims, and all related compliance matters to ensure coverage and adherence to regulations.
• Oversee the insurance database and data collection
• Coordinate and lead the Insurance committee meetings and alignment with TSMC Headquarters
• Policy Coordination and Analysis:
• Analyze and interpret terms and conditions associated with proposed Builders Risk Insurance Programs, OCIPs, OPPI, and Property insurance.
• Act as a liaison among program participants to facilitate effective communication and coordination.
• Identify insurable risks and potential risk mitigation opportunities, coordinating with operational groups to educate and ensure appropriate insurance coverage.
• Assist in internal claim management for Builders Risk, OCIP, and Property claims, overseeing third-party administrators, insurers, adjusters, and legal service providers.
• Contribute to budgets, forecasts, and financial reports, analyzing annual insurance premiums, program performance, billing rates, and premium allocations.
• Industry Knowledge:
• Stay updated on trends in the construction insurance industry, integrating knowledge into existing processes and creating new workflows as necessary.
• Communication and Reporting:
• Coordinate the assembly and delivery of management reports and presentations to internal and external stakeholders ensuring high-quality communication.
• Process Development:
• Develop and review standardized processes and procedures to improve efficiency, ensure regulatory compliance, and minimize Total Cost of Risk (TCOR).

Minimum

Qualifications/Requirements:

• Education:
• Bachelor’s degree in Risk Management, Finance, Insurance, or other quantitative fields preferred.
• Experience:
• Minimum of 8-10 years of relevant work experience in business insurance management, particularly within the construction, manufacturing, or semiconductor industry.
• Technical
  
  Skills:
  
  
• Advanced computer skills, including proficiency in Word, Excel, and data analytics.
• Strong analytical skills to interpret complex insurance terms and conditions.
• Interpersonal
  
  Skills:
  
  
• Excellent verbal and written communication skills.
• Strong interpersonal skills to professionally engage with employees and external partners.
• Ability to establish and maintain effective working relationships across the organization.
• Effective listening and teamwork abilities.
• Physical Requirements:
• Attend weekly meetings at construction sites, sitting, standing, working on a computer, etc.

Candidates must be willing and able to work on-site at our Phoenix Arizona facility.

As a valued member of the TSMC family, we place a significant focus on your health and well-being. When you are at your best—physically, mentally, and financially—our company is at its best.…