BASF Data & Insurance Specialist in Florham Park, New Jersey

At BASF, we create chemistry through the power of connected minds. By balancing economic success with environmental protection and social responsibility, we are building a more sustainable future through chemistry. As the world’s leading chemical company, we help our customers in nearly every industry meet the current and future needs of society through science and innovation.

We provide a challenging and rewarding work environment and are always working to form the best team—especially from within, through an emphasis on lifelong learning and development.

And we are constantly striving to become an even better place to work. BASF has been recognized by Forbes Magazine as one of America’s Best Employers in 2016. Come join us on our journey to create solutions for a sustainable future!

Where the Chemistry Happens…

We are currently seeking an Insurance Specialist, who, under the general direction of the Director - Insurance, will manage all aspects of the insurance data systems, manage the Marine, Political Risk, Aircraft Hull and Liability, Drone Liability and Group Excess insurance programs, develop underwriting data and insurance marketing submissions for insurance policy renewals, negotiate insurance policy terms and conditions, supervise the issuance of Certificates of Insurance and notification of claims, and perform corporate insurance accounting.

Formula for Success: You Will…

  • Manage the insurance data system including collection and input of data, generation of reports, creation of relevant dashboards and providing of training.

  • Be familiar and comfortable working with other data systems such as SAP, with the ability to learn proprietary software systems.

  • Manage collection and development of underwriting information for the Marine Insurance Program, including negotiation of insurance policy terms and conditions.

  • Manage collection and development of underwriting information, development of renewal strategy, meet with underwriters and negotiate policy terms and conditions and premiums for the Political Risk, Aircraft Hull and Liability, Drone Liability and Group Excess insurance programs.

  • Supervise the issuance of Certificates of Insurance, including reviewing insurance provisions in contracts.

  • Supervise the submission of asbestos and toxic tort claims and manage the process for reimbursement from insurers, with /-$1M at stake annually.

  • Oversee accounting aspects of the Corporate Insurance Department, with a budget of approx. $40M, including reconciliation of insurance invoices, retrospective premium agreements, and legal billings. Negotiate resolution of billing and related disputes. Provide forecast of anticipated cost of insurance.

  • Manage Workers’ Compensation quarterly reporting and annual audits.

Create Your Own Chemistry: What We Offer You…

Adding value to our customers begins with adding value to you. You@BASF is the suite of benefits, perks, programs and unique opportunities we offer to support you—the whole you—in all stages of your life and career. With you@BASF, you create your own chemistry.

The total rewards that you receive as a BASF employee go way beyond a paycheck. From competitive health and insurance plans, to robust retirement benefits that include company-matching contributions, to making sure you never stop learning, we believe investing in you is investing in our success. Working for a large, global organization, you’ll have a chance to grow professionally and personally, expand your network and build a rewarding and dynamic career.

Ingredients for Success: What We Look for in You…

  • Bachelor’s degree required, preferably in Risk Management or Insurance.

  • At least 2 years of business experience; insurance or data system experience preferred.

  • Experience with insurance data systems and other data systems such as SAP, with the ability to learn proprietary software systems.

  • Knowledge of Microsoft Office Suite.

  • Corporate business experience.

  • General knowledge of insurance coverages, risk analysis, and claims procedures is preferred.

Job: LEIN - Legal & Insurance

Organization: G-FLT/NT Direct Taxes 60000277

Title: Data & Insurance Specialist

Location: NJ-Florham Park

Requisition ID: 1801764