Vice President, Global Corporate Insurance

Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose - to uplift everyone, everywhere by being the best way to pay and be paid.

Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.

We are looking for a senior corporate insurance professional who has strong leadership and insurance experience to own and drive all Global Corporate Insurance activities. Our risk management operations provide cost effective property and casualty coverage for Visa's business operations around the globe, including professional liability, directors and officers, worker's compensation, and property. Additionally, this professional will set insurance standards for the roughly 2,000 vendors that do business with Visa and manage the insurance claims process. We have also implemented a captive insurance arrangement and are continuing to work to maximize the benefits from the captive in an appropriately risk-managed manner. This individual will own the captive entity and be responsible for creating, managing and delivering against the budget. This will require strong leadership and collaboration skills working with regional leaders and sales teams. Finally, this professional will be responsible for driving risk analysis related to M&A and assessing when and if any insurance products are available and appropriate to secure.

The selected professional will use their broad experience and natural curiosity to deliver activities and projects relating to the broader team within Visa's Global Treasury function on an ad hoc basis.

The VP, Global Corporate Insurance will manage a team of three professionals to execute against the following responsibilities:

Strategy & Planning

• Develop an insurance strategy for the corporation, identifying both short and long-term goals, and a Risk Management Mission Statement.
• Research, evaluate and make recommendations regarding current state-of-the-art trends in risk management and insurance strategies.
• Review potential acquisitions to identify significant risk management and insurance issues and make recommendations on any appropriate coverage to secure.
• Identify and analyze potential impact of exposures of loss faced by the corporation.
• When appropriate, market the various insurance lines to ensure the most cost effective but also the most reliable insurance coverage is secured.
• Prepare Board level materials summarizing the Global Insurance Program. Also manage presentations to Corporate Risk Committee and Audit & Risk Committee.

Standards Setting

• Establish contract standards for insurance and indemnification wording.
• Establish standards for cost allocations, if appropriate.
• Develop standard processes and procedures for insurance function.
• Provide consultation and technical advice on insurance issues to corporate and regional management.
• Prepare and present financial and departmental reports to management
• Prepare and manage annual insurance budget.
• Oversee all global insurance programs, including self-insured programs.
• Negotiate insurance placement pricing, structure and limits for all global insurance policies and service agreements.
• Conduct cost/benefit analysis of program alternatives.
• Evaluate adequacy of limits and appropriateness of retentions/deductibles.

Program Processes and Procedures

• Review leases, contracts and other legal documents to evaluate appropriateness of wording and assure compliance with insurance policies.
• Develop and maintain historical exposure information.
• Develop and retain vital information regarding global corporate insurance programs.

Claims Management

• Oversee insurance claims management and claim litigation processes.
• Analyze loss data to identify trends and identify appropriate cost containment techniques.
• Investigate major losses and negotiate settlements.
• Collaborate with legal and other personnel on pertinent claims matters.
• Establish formalized claims service standards with service providers.
• Administer personnel issues of staffing, training and advancement.

This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.

Basic Qualifications:

*12 or more years of work experience with a bachelor's Degree or at least 10 years of experience with an Advanced degree (e.g. Masters/ MBA/JD/MD) or at least 8 years of work experience with a PhD

Preferred Qualifications:

* At least 15+ years of broad financial risk management or corporate insurance experience. MBA preferred.

* Have business judgment to manage risk and business tradeoffs.

* Manage multiple priorities in a dynamic environment.

* Strong interpersonal and communication skills, and the ability to work effectively in cross-functional teams

* The candidate will need to interact with senior management and business leaders.

* The candidate will need to develop strong working relationships with external constituents, such as brokers, underwriters and consultants.

* Strong strategic and analytic corporate finance skillset.

* Ability to be effective in executing transactions.

* Flexible and creative thinker with sound business judgment.

Work Hours: Varies upon the needs of the department.

Travel Requirements: This position requires travel5-10% of the time.

Mental/Physical Requirements: This position will be performed in an office setting. The position will require the incumbent to sit and stand at a desk, communicate in person and by telephone, frequently operate standard office equipment, such as telephones and computers.

Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.

Visa will consider for employment qualified applicants with criminal histories in a manner consistent with applicable local law, including the requirements of Article 49 of the San Francisco Police Code.

U.S. APPLICANTS ONLY: The estimated salary range for a new hire into this position is 236,300.00 to 369,300.00 USD per year, which may include potential sales incentive payments (if applicable). Salary may vary depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position may be eligible for bonus and equity. Visa has a comprehensive benefits package for which this position may be eligible that includes Medical, Dental, Vision, 401 (k), FSA/HSA, Life Insurance, Paid Time Off, and Wellness Program.