TSMC
Sr. Manager of Risk and Business Insurance
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Sr. Manager of Risk and Business Insurance
role at
TSMC
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.
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Sr. Manager of Risk and Business Insurance
role at
TSMC
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.
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