Enable America Jobs

Why Valvoline Global Operations?

Valvoline Global is a worldwide leader in automotive and industrial solutions, creating future-ready products and best-in-class services for partners around the globe. Established in 1866, we introduced the world’s first branded motor oil, claiming our position as The Original Motor Oil. As an affiliate of Aramco, one of the world's largest integrated energy and chemicals companies, we continue to invest strategically and expand globally, driving unparalleled product innovation and sustainable business solutions.

Our corporate values of care, integrity, passion, unified, and excellence shape everything we do. Living out our values is what makes our company, our employees, our partners, our customers, and the communities we serve great.

When you join Valvoline Global, you join a culture that is committed to: treating all people with care, operating with integrity, striving for excellence in everything we do, showing passion about delivering on our commitments, and being unified in all our enterprise endeavors.

The Global Risk Manager is responsible for leading the implementation and continued management of effective risk transfer. This role serves as the subject matter expert for the business at large on insurable risk, which includes managing insurance-related losses, loss control initiatives globally, educating the organization on insurable risk transfer, and other various projects necessary to evaluate the efficiency and effectiveness of the insurable risk program.

Valvoline Global Operations Headquarters is located in Lexington, KY. We prefer candidates willing to work a hybrid in-office work schedule if local. We are also open to candidates working in a remote capacity but willing to visit HQs as needed.

In this role, you will be responsible for:

• Leading a global insurance implementation and renewal process for the company.

• Exposure gathering with various levels of Senior Management internally in multiple departments as needed for policies

• Develops, implements, and communicates related policies, procedures, and practices based upon established best practices. Completes applications for various policies and programs with internal parties

• Communication/presentation of exposures to internal and external parties, including brokers, carrier partners, and Senior Management

• Effectively negotiating for the company’s insurable risk program during the renewal/placement process and developing recommendations for executive leadership on successful insurable risk transfer

• Managing an insurable risk contract review/life-cycle management and department documentation for the organization.

• Establishes and continually reviews appropriate insurable risk contract exhibits for form contracts

• Works continually with Procurement, Legal, and the business at large to advise of insurable risk within various contracts, educate all parties on the associated risk, and research potential exposures

• Manages the provision of COIs and letters of self-insurance, the surety bonds program, as well as document management/retention and process for all department documents and media forms

• Maintains updated documentation of the company's insurable risk program (Schedules of Insurance, exhibits, summary presentations) and regularly educates the organization at large about the program/capabilities

• Regularly evaluates retention process to ensure effectiveness

• Leading loss control initiatives for the organization’s insurable risk program.

• Includes management and tracking of the company's global loss control recommendations from insurable risk partners

• Monthly check-ins with Senior Management in Supply Chain and Engineering

• Maintains task document retention within Teams (or other shared databases) and assists with advising the business (up to Senior Management) on the impact to compliance with recommendations from an insurable viewpoint

• Manages and attends global third-party site visits for the organization for loss control audits, including preparing the site and internal teams

• Managing payment and accounting for the organization's TCOR (insurable risk program) and communications/relationships for insurable risk internally and externally.

• Develops, maintains, and updates insurable risk budget (Total Cost of Risk) for the organization, including identifying areas for improvement

• Manages communications between insurance brokers, third-party vendors/TPAs, and the company’s Senior Management

• Regularly update Schedule of Insurance (See also ii)

• Own the company’s brokerage relationships and communicate business changes to broker/insurance carriers. Additionally, conduct periodic RFP to ensure appropriate pricing/effectiveness

• Work with the global accounting team to approve/communicate insurable expenses/renewals

• Managing insurance-related loss events independently for all events .

• Lead insurable risk delegate internally for claims management, including quarterly workers' compensation claims reviews and significant loss events.

• Works with internal stakeholders to gather facts as well as third parties (carriers, consultants, TPA executives) for effective management, analysis, and closure of claim

• Informs Senior Management of important updates and decision points throughout the claims process.

• Assisting with various projects including but not limited to evaluation of risk transfer for the organization, efficiency/effectiveness of programs in place, etc.

What You’ll Need

• Bachelor’s Degree in Accounting, Business Administration, Economics, Finance, or a related field.

• 7+ years’ experience required in managing large insurable risk programs and claims management for a large organization

• Excellent analytical problem-solving skills, with the ability to plan and execute multiple projects

• Strong verbal and written communication skills, with the ability to connect with all levels of the organization

• Experience with insurable risk concepts; including reviewing in a contractual setting

• SAP or other ERM experience

• Ability to travel to plant locations and brokerage office (25% annually)

• Valvoline Global would consider strong candidates with less experience for a reduced role

What Will Set You Apart

• Master’s in Business Administration or other relevant graduate-level degree

• Financial Risk Manager (FRM®) Certification

Benefits That Drive Themselves

• Health insurance plans (medical, dental, vision)

• HSA and flexible spending accounts

• 401(k)

• Incentive opportunity*

• Life insurance

• Short and long-term disability insurance

• Paid vacation and holidays*

• Employee Assistance Program

• Employee discounts

• Tuition reimbursement*

• Adoption assistance*

• Terms and conditions apply, and benefits may differ depending on position.

#LI-MW1

Valvoline Global provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. Are you good at what you do? Join us.

The Company has put a process in place to make its recruitment process accessible to any and all users. Reasonable accommodations will be provided, upon request, to applicants with disabilities in order to facilitate equal opportunity throughout the recruitment and selection process. Please contact Human Resources at 1-800-Valvoline or email 1-800Valvoline@valvoline.com to make a request for reasonable accommodation during any aspect of the recruitment and selection process. The contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.

Requisition ID: 732