Risk Manager - Operations, Cleveland, Ohio

Company:

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than 100 years the company has engineered the success of its customers in a wide range of diversified industrial and aerospace markets. Parker’s engineering expertise and broad range of core technologies uniquely positions the company to help solve the world’s greatest engineering challenges.

Job Description

Whilst reporting to the Director, Risk Management, you will be part of a team that is responsible for the overall strategy related to claims management, data analytics, Parker’s Captive, and other Risk Management related matters in relations to the day-to-day activities as well as during due diligence reviews for mergers and acquisitions. In this role, your focus will be on Operations related risks and therefore will ensure collection and coordination of relevant safety information in-between Third-Party Administrators (TPAs), Risk Management Information System Providers (RMIS) and internal Parker EHS and HR functions.

More specifically but not limited to, you will:

• Maintain the RMIS and advise on data requirements for reports on trends and the identification of improvement opportunities in collaboration with the EHS department.
• Prepare and manage budgets, estimates and cost allocations to business units and provide reports and analysis to the Risk Management functional leaders and other related committees and instances.
• Collaborate with Legal department to review leases, contracts and other legal documents to ensure compliance with insurance and risk management policies.
• In collaboration with TPAs and Division HR managers, establish formal compensation service standards and ensure compliance of workers’ compensation claims and measure trends overtime.
• Investigate major losses and manage forensic consultants.
• In collaboration with plants and business units management teams, coordinate the preparation, testing, maintenance and updating process of Business Continuity Plan (BCP) by providing templates, guidelines and procedures ensuring high level of accuracy and quality.
• Coordinate the services provided by TPAs to ensure the highest quality standards and audit results and hold them accountable for adherence to claim management standards.
• Increase visibility and communication on risk management related topics by developing and maintaining a Risk Management Website.

We are interested in your profile if you have:

• Bachelor’s degree in a relevant discipline is required whilst a Master’s Degree would be a definite plus. A professional certification such as CRM, ARM, CPCU, or another risk management or insurance designation is highly desirable.
• Minimum of 5 years of experience acquired in a similar role in a risk management or insurance position at a large multination industrial manufacturing company.
• Experience with captive insurers and other alternative financing mechanisms
• Able to generate new ideas, champion different approaches, exhibit leadership abilities and encourage teamwork by actively supporting others.
• Results oriented with the ability to solve practical problems in situations where only limited standardization exists.
• Strong data analysis skills and ability to communicate findings to difference audiences.

Founded in 1917, Parker Hannifin Corporation is a $13.7 billion, global company. With annual sales of $13.7 billion in fiscal year 2020, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company has operations in 49 countries around the world. Parker has increased its annual dividends paid to shareholders for 63 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Parker’s engineering expertise and broad range of core technologies uniquely positions the company to solve some of the world’s greatest engineering challenges. By partnering with customers, Parker improves their productivity and profitability and seeks new ways to solve humanity's biggest challenges.

Parker is an Equal Opportunity and Affirmative Action Employer. Parker is committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job related reasons regardless of race, ethnicity, color, religion, sex, sexual orientation, age, national origin, disability, gender identity, genetic information, veteran status, or any other status protected by law. U.S. Citizenship/Permanent Resident is required for most positions. (“Minority/Female/Disability/Veteran/VEVRAA Federal Contractor”) If you would like more information about Equal Employment Opportunity as an applicant under the law, please go to http://www.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf and http://www1.eeoc.gov/employers/upload/eeoc_gina_supplement.pdf

Drug-Free Workplace In accordance with Parker’s policies and applicable state laws, Parker provides for a drug-free workplace. Therefore, all applicants seeking employment with Parker will be subject to drug testing as a condition of employment.