• Insurance Risk Manager

    Job Locations US-WI-Madison
    Req No.
    Finance & Accounting
    Regular Full-Time
  • Summary of Major Responsibilities

    The Risk Manager, Insurance position assumes responsibilities of all aspects of the commercial insurance coverage at Exact Sciences.  This role will support initiatives by identifying, assessing, monitoring, and reporting risk related information and will require strong communication and partnership with business and functional leaders to ensure risks are properly addressed.  

    Essential Duties and Responsibilities

    • Protect the company’s assets by ensuring a comprehensive insurance and risk management program
    • Evaluate whether company should self-insure
    • Manage all lines of commercial insurance coverage
    • Manage day-to-day insurance claims, loss data process, investigate as needed, and report out status of claims
    • Provide recommendations on claim activity and whether to adjust or settle
    • Leverage data analytics on insurance data to recognize trends
    • Interact cross functionally with HR, Legal, Finance, Facilities, IT and other departments as needed
    • Collaborate with insurance brokers on renewals and mid policy changes
    • Review contracts and leases for 3rd party insurance considerations
    • Write reports and present all aspects of insurance to management
    • Prepare coverage summary and propose detailed renewal plan for the company’s board of directors
    • Read, understand, and analytically identify property insurance issues in loan documents, entity documents, and leasing documents
    • Coordinate site visits for carriers, as needed
    • Understand and be proficient in reading insurance policies, certificates, insurable values, and general risk management practices
    • Identify deficiencies and recommend appropriate changes to coverages, endorsements, etc., and to the company’s risk policies
    • Report to management team periodic updates as to strategy, success of the insurance program and lead any changes to brokers
    • Evaluate insurance coverages for acquisitions and work to consolidate coverage into Exacts policies
    • Educate Exact employees regarding insurance risks and be the insurance expert for the company


    Education, Qualifications, & Key Competencies

    • Bachelor’s degree in business or related field
    • Three (3) years of direct corporate risk management experiences or a minimum or 5 years’ experience in an insurance brokerage operation
    • Thorough understanding of all aspects of insurance process related to multiple insurance types
    • Analytical and data analysis skills
    • Self-motivator and ability to take full ownership of projects with limited guidance
    • Proficiency with Microsoft Office Software Suite
    • Agility in thinking, able to anticipate change, responds quickly, has breadth of perspective and is open and eager to grow in a fast-paced, dynamic environment
    • Ability to interact with employees at all levels of the organization in a professional and respectful approach
    • Well-rounded understanding of business processes
    • Knowledge of risks associated with insurance programs
    • Active Property & Casualty Insurance License preferred
    • Demonstrated experience of being able to take on more responsibility while delivering successful results
    • Proven experience leading projects
    • Strong verbal and written communication skills with strong attention to detail

    Physical Requirements

    • Ability to use computers daily in an interactive manner for extended periods of time and up to 8 hours per day
    • Ability to sit for an extended period of time
    • Ability to stand for extended periods of time and up to 6 hours at a time
    • Ability to travel (by land and air)
    • Ability to frequently and accurately communicate with employees, customers, and vendors in person, via the telephone or by email
    • Constant walking or motion to coordinate work and interact with co-workers
    • Ability to lift and move up to 40 pounds on an occasional basis


    Exact Sciences is an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to age, color, creed, disability, gender identity, national origin, protected veteran status, race, religion, sex, sexual orientation, and any other status protected by applicable local, state or federal law. Applicable portions of the Company’s affirmative action program is available to any applicant or employee for inspection upon request. 


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