Job Description

The Company

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. 

We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.

We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards.  Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade. 

Our beliefs are the foundation for how we conduct business every day.  We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do – and they push us to ensure we take care of ourselves, each other, and our communities.

Job Description Summary:

Insurance Risk Manager to support the Corporate Risk Management function in the delivery and continuous improvement of best in class risk management insurance programs and services. This role will support the Senior Director, Insurance & Risk Management in the creation and the enhancements to the global risk management program/strategy including;
• the design and placement of various insurance programs and policies,
• captive insurance company operations and administration,
• claims management,
• broker and insurer relations,
• contract reviews and establishing third party insurance requirements
• engagement with Corporate Development teams on acquisition related initiatives
• consulting with business partners to manage issues and inquiries relating to risk management and insurance programs

This position will work closely with the Risk Management Team, Legal, Finance, Corporate Accounting, Business Development, Environmental Health and Safety (EHS) in support of Risk Management initiatives as described below

Job Description:

QUALIFICATIONS

• Bachelor's degree from an accredited college or university preferably in the field of Risk Management, Insurance, Finance. ARM, CPCU, CRM certification preferred, Master's degree a plus.
• Minimum 10 years of progressive Risk Management experience, with a minimum of 5 years in a corporate insurance risk management environment.
• Captive insurance company operations and administration experience required.
• Must have strong analytical, interpersonal and communication skills.
• Highly proficient in Microsoft business applications including Word, Power Point, Access, Excel and demonstrated experience working with large data sets.
• Demonstrated hands-on experience and proficiency with RMIS (Origami) functionality including claims management and reporting capabilities a plus.
• Demonstrate a sense of urgency and ownership to drive projects to completion.
• Ability to work effectively and collaboratively within teams and build partnerships.
• Resourceful, self-starter with advanced problem-solving abilities to deliver creative solutions.
• Results focused with strong personal accountability and pride of work.
• Demonstrated deliberation and negotiation skills with successful outcomes
• Exceptionally organized and solid project management skill with the capability to manage competing priorities.
• Strong attention to detail.
• Demonstrated ability to thrive in a fast-paced environment.

RESPONSIBILITIES:

• Assist the Senior Director of Insurance & Risk Management in placement and management of corporate insurance programs including management liability, crime, technology errors & omissions, cyber risk, FI professional liability, employment practices liability.
• Work closely with Senior Director to manage captive insurance operations, including leading claims administration efforts and management reporting
• Provide superior claims management services including developing processes to ensure timely identification and reporting, monitoring of claims reserving and development with legal, participation in claim settlement negotiations, and tracking and summarizing of outstanding claim liabilities
• Assist Senior Director in proactively identify trends, developing strategic plans, implementing risk reduction/ transfer methodologies to mitigate future losses and presenting findings to management as necessary.
• Prepare loss analyses and budgets, identifying exposures, recommending solutions, implementing approved programs, promoting loss prevention and summarizing same.
• Collect and organize data for domestic and insurance program submissions and lead/assist in insurance program renewals as directed. Collaborate with internal partners to prepare comprehensive presentation materials in support of underwriter renewal meeting activities.
• Develop and maintain strong relationships with insurance brokerage partners to ensure efficiency of insurance program administration functions including claim reporting, program invoicing, policy issuance and certificate of insurance requests.
• Assist Senior Director in corporate development initiatives including support of due diligence and integration efforts as related to corporate insurance functions and programs.
• Provide insightful and comprehensive risk management consulting services to business areas including vendor, customer and merchant contract reviews, establishing insurance requirements and supporting loss control activities.
• Provide quantitative and analytical support to special projects to model risk management programs across all lines of risk and evaluate effectiveness of insurance & risk transfer programs.
• Reviewing all insurance policies for completeness and accuracy.

Subsidiary:

PayPal

Travel Percent:

0

-

PayPal is committed to fair and equitable compensation practices.

Actual Compensation is based on various factors including but not limited to work location, and relevant skills and experience.

The total compensation for this practice may include an annual performance bonus (or other incentive compensation, as applicable), equity, and medical, dental, vision, and other benefits. For more information, visit https://www.paypalbenefits.com.

The U.S. national annual pay range for this role is

$99300 to $216040

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

At PayPal, we’re committed to building an equitable and inclusive global economy. And we can’t do this without our most important asset—you. That’s why we offer benefits to help you thrive in every stage of life. We champion your financial, physical, and mental health by offering valuable benefits and resources to help you care for the whole you.

We have great benefits including a flexible work environment, employee shares options, health and life insurance and more. To learn more about our benefits please visit https://www.paypalbenefits.com.

Who We Are:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion 

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law.  In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities.  If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at talentaccommodations@paypal.com.

Belonging at PayPal: 

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don’t hesitate to apply.

Notice to Applicants and Employees who reside within New York City. Click here to view the notice.

]]>