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The Estee Lauder Companies Inc. Job Title
VP Global Enterprise Risk Management & Insurance

The Estee Lauder Companies Inc.

Job Description
VP Global Enterprise Risk Management & Insurance','228597','Estée Lauder Companies','Finance & Accounting','Americas-US-NY-Melville','','','','','Full-time','1st (Day) Shift','','Standard','','','!*!POSITION SUMMARY:

The Global Enterprise Risk Management & Insurance position will be responsible for the following:


Lead the evolution of ELC’s Enterprise Risk Management program though the development and deployment of risk management tools and practices. The VP will initiate and manage the annual enterprise-wide risk assessment process resulting in the establishment and/or revision of ELC’s highest risks and opportunities that could impair and/or advance the achievement of the Company's mission, vision, strategic goals and competiveness.  Will act as an advisor to executive leadership and inform decision making. Manage team of one ERM professional.


Responsible for all aspects of ELC’s Global Insurance programs.  Lead the development of the Annual Operating Plans for Insurance Expense.  Develop and implement strategies to reduce ELC’s cost of risk.  Collaborate with Regional, Functional, and Brand personnel, selected suppliers, and all broker relationships to effectively execute the appropriate insurance and asset protection strategies.  Provide division information required to assist in loss mitigation and restoration after a loss.  Manage complex insurance claims.  Manage team of one insurance professional.

This position will report to the SVP and Treasurer, and will be resident at our corporate offices in Melville, NY. Ideal candidate would have a strong knowledge of the best practices and procedures surrounding Enterprise Risk Management & Insurance.  The candidate would be expected to facilitate and continuously improve the ELC Enterprise Risk Management & Insurance programs so as to proactively protect the Company’s strategic goals, financial strength, assets and reputation.  The candidate will lead cross-functional risk committees to establish and communicate risk management methodology, processes, risk appetite, and risk culture throughout the Company.


·     Responsible for the leadership, innovation, governance, and management necessary to identify, evaluate, mitigate, and monitor ELC’s enterprise risks

·     Develop and enhance Enterprise Risk Management tools, practices, and policies to analyze and report enterprise risks, and to manage risks according to an ERM framework

·     Ensure the organization's risk management policies and strategies are in compliance with applicable regulations and strategic imperatives of the organization.

Facilitate all Risk Committee meetings and build relationships with Risk Owners

·     Oversee and monitor all risk management activities of the organization.

·     Monitor and analyze risks within the company's brands, regions and functions and reports on these risks to senior management.

·     Provide key inputs into ELC’s Governance, Corporate Risk Management Committee (CRMC) that oversees the enterprise risk management process ensuring alignment with organizational goals and objectives

·     Schedule and prepare agenda, reports and analyses for recurring update meetings with the Corporate Risk

Management Committee, Executive Leadership team, the Audit Committee and the Board of Directors

·     Identify external risk practitioners and global risk organizations to build and maintain contacts for understanding of current best practices and tools

·     Represent Enterprise Risk Management on corporate or enterprise-wide projects or policy initiatives impacting or governing risk governance and control

·     Work collaboratively with other corporate oversight functions to identify and implement consistent and effective approaches to risk governance and control-based activities


Responsible for collaborating with the Company's global brands, regions and functions to assess needs and procure appropriate insurance coverage and to identify appropriate risk mitigation and financing tools
Responsible for managing and acting as the primary liaison between the company and the insurance industry, including the monitoring of services of brokers, insurers and claims administrators to ensure that ELC receives the level of service required to meet our needs
Management of the global insurance procurement process from the development of the application materials through renewal strategy and program design
Market the Company’s risk to domestic and international insurance underwriters and lead the negotiations to obtain most beneficial pricing, terms and conditions on insurance coverages
Develop annual insurance budgets, forecasts and allocation methodology for risk program expenses
Review of insurance, indemnity and limitation of liability language in all contracts, agreements, MSA’s, MSaaS’s and leases and representing ELC’s insurance requirements in all project planning, discussions and meetings
Create management reports that effectively identify and inventory the Company’s global insurance programs.
Identify key performance metrics for safety and workers’ compensation claims, and develop management and field reporting tools to elicit support for safety and claims management
Manage the due diligence process for insurance related items on all acquisitions
Manage claims against our global policies to ensure timely settlement and closure at the optimal cost
Oversee a best practices and outcomes based domestic casualty claims audit of our North America external third-party claims administrator (TPA)
Utilize industry benchmarking to determine competitive premiums, and appropriate limits and retentions

Preferred MBA or other advanced degree with emphasis in Business Administration/Finance, and relevant business experience
Qualified candidates will have ten (10) or more years of business experience that includes ten (10) years of primary Enterprise Risk Management & Insurance experience with a combination of corporate finance and accounting experience
Strong presentation skills, particularly in the development of professional and thoughtful materials and the ability to communicate risk and risk strategies to executive management and conduct risk and control assessments
Strong project and time management skills with the ability to handle multiple tasks, set priorities, meet deadlines, and develop process efficiencies where required
Strong analytical skills to allow the organization of material, information, and/or people in a systematic way to optimize efficiency and minimize duplication of effort
Strong organizational skills to enable the meeting of deadlines, and development  process efficiencies where required
Highly motivated individual driven to keep pace in a fast moving and dynamic environment with a high degree of adaptability to change and the ability to work with short deadlines
Strong organizational skills to enable the meeting of deadlines, development of process efficiencies and ability to drive key program and process improvements, while effectively managing priorities and ambiguity
Experience leading cross-functional teams and projects
Strong teamwork, relationship management and the ability to collaborate with senior leaders across the Company
Able to listen and interpret requirements of internal customers at all levels, and verify for accuracy
Excellent judgment and creative problem solving skills
Advanced Excel, Word and PowerPoint skills

','We are an equal opportunity employer. Minorities, women, veterans, and individuals with disabilities are encouraged to apply. ','It is Company's policy not to discriminate against any employee or applicant for employment on the basis of race, ','color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth and related medical conditions), gender identity or gender expression (including transgender status), sexual ','orientation, marital status, military service and veteran status, physical or mental disability, protected medical condition as defined by applicable state or local law, genetic information, or any other characteristic protected by ','applicable federal, state, or local laws and ordinances. The Company will endeavor to provide a reasonable accommodation consistent with the law to otherwise qualified employees and prospective employees with a disability and to employees ','and prospective employees with needs related to their religious observance or practices. Should you wish to apply for this position or any other position with the Company and you believe you require assistance to complete an application or ','participate in an interview, please contact USApplicantAccommodations@Estee.com.','','','','','','','','','','','','','VP Global Enterprise Risk Management & Insurance

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