Senior Manager, Corporate Insurance

Major Responsibilities and Accountabilities

• Co-lead global property and casualty insurances including Business Interruption, Property, General Liability, Workers' Compensation, Auto Liability, Foreign Casualty, and Excess Casualty by collecting exposure data, preparing underwriting submissions, supporting negotiations, analyzing coverage, and executing bind orders with insurers.
• Efficiently work in a team environment and align priorities and strategies with the overall enterprise goals and objectives.
• Manage day-to-day insurance activities, including certificate issuance for clinical studies, insurance and contract requirement reviews, and coordination with internal stakeholders, external brokers, and service providers.
• Oversee premium invoicing, PO management, accruals, cost centers, reconciliation, and payment processes, validating invoices against final premium and tax allocations, resolving discrepancies with brokers, and ensuring timely and accurate payment.
• Lead global premium allocations and intercompany back charges to local markets, partnering with Treasury Accounting, the Intercompany Accounting Team, and local finance to ensure accurate recording and clear communication of charges.
• Support BMS's captive insurance company's governance and operation, including board and annual general meetings, financial reviews, regulatory requirements, and coordination with the captive manager and service providers.
• Review insurance and indemnification provisions in vendor, supplier, and business agreements, advising Sourcing, Legal, and business partners on contractual risk transfer requirements and certificates of insurance.
• Strengthen processes, reporting, analytics, and documentation across the insurance function, identifying opportunities for standardization, automation, and improved controls.
• Educate business partners on insurance programs and requirements, respond to internal inquiries, and contribute to Treasury special projects and ad hoc analyses as needed.

Minimum Requirements

• Minimum education of a bachelor's degree in finance, accounting, risk management, economics, or a related field is required. CPCU, ARM, MBA, or equivalent is preferred.
• Minimum of five (5) years of relevant experience in corporate insurance or risk management within a multinational company, broker, or insurer or related experience is required.
• Hands-on involvement in program renewals and placements is highly preferred.
• Technical knowledge of commercial property and casualty lines, including property, casualty, cyber, marine/transit, environmental, and builders risk; captive insurance experience.
• Experience managing broker and insurer relationships, including negotiating coverage, fees, and service agreements.
• Strong understanding of premium allocations, intercompany accounting, budgeting, and the impact of insurance costs on a global organization's P&L and balance sheet.
• Strong analytical capability and high attention to detail, with the ability to reconcile complex invoices, allocations, and program financials accurately.
• Experience reviewing insurance requirements and indemnification provisions in commercial contracts and advising business partners on contractual risk transfer.
• Collaborative style with the ability to work effectively across levels, functions, and geographies; excellent listening skills required.
• Proficiency with Excel, SAP or similar ERP systems, and broker platforms; experience with reporting tools, AI usage, dashboards, and analytics preferred.

• #LI-Hybrid
• We hire for skills and capabilities, not just credentials - if this role excites you, but doesn't perfectly match your resume, we encourage you to apply anyway.

Compensation Overview

Princeton - NJ - US: $141,700 - $171,701

The starting pay range(s) listed above is for full-time employees (FTE). You may also be eligible for additional discretionary incentive cash and stock opportunities. We determine starting pay thoughtfully - carefully considering the nature of the role, required skills, work location, schedule and the knowledge and experience you bring. Final compensation is guided by pay equity principles and applicable employment laws. Compensation programs are reviewed on an ongoing basis and may be adjusted over time to reflect evolving market factors, and individual, team or Company performance.

Benefits

Subject to the terms and conditions of the applicable plans then in effect, you may be eligible to participate in our comprehensive benefit plans - including wellbeing support, retirement and financial protection benefits, and insurance offerings (medical, dental, vision, life and disability).

• U.S.-based exempt employees are eligible for Flexible Time Off (FTO), which provides paid time off without a set accrual limit, subject to manager approval, along with 11 paid company holidays each year.
• Non-exempt employees, RayzeBio employees, and employees located in Puerto Rico receive 160 hours of paid vacation annually for new hires (subject to manager approval), 11 paid company holidays, and 3 optional holidays.

Depending on eligibility, employees may also have access to additional time-off benefits, including paid sick leave, up to two paid volunteer days per year, summer hours flexibility, and leaves of absence for medical, personal, parental, caregiver, bereavement, or military needs. Eligible employees also enjoy an annual Global Shutdown between Christmas Day and New Year's Day.

How We Work

• Where you work matters - because collaboration, innovation and patient impact happen in many settings.
• Our roles are structured across four work models: site-essential, site-by-design, field-based and remote-by-design.
• The model assigned to this role is based on its core responsibilities.

Data Protection

• We will never request payments, financial information, or social security numbers during our application or recruitment process.
• Any data processed in connection with role applications will be treated in accordance with applicable data privacy policies and regulations.

• If this posting is missing required information required by local law or incorrect, contact BMS at with the Job Title and Requisition number.
• Do not send application-related inquiries to this email.
• To check your application status, please login to your Candidate Home Account.

R1607144: Senior Manager, Corporate Insurance