What is the job about?

On a daily basis heading up the Group Risk Management & Insurance team leading a team of 6 references. The team is responsible for the Group’s global insurance program including non-life Insurances, employee benefit insurances, pensions, risk management, crisis management and M&A related activities. You will be reporting into Head of Group Treasury, Risk Management & Insurance.

Your main responsibilities:

Non-life Insurances Global

Insurance strategy and tactical approach to insurance purchase across insurance lines customized to Grundfos needs
Preparing risk information/calculations, performing market presentations, negotiate with insurers/brokers premiums, wordings/terms and service level agreements
Hazard Loss Prevention and insurance risk management on key production sites/supply chain
Key insurance lines in scope:

All-Risk Property including Business Interruption
Construction all-risk
Cargo
General and Product Liability including recall
Cyber
Directors and officers Insurance
Employer Liability and Workmen’s Compensation
Business Travel and Expat

Negotiate claims settlements with insurers – yearly average compensation ~25-30m DKK

Employee (People) Benefits Insurances

Insurance strategy and tactical approach to insurance purchase customized to Grundfos and the employees needs
Negotiating and set-up of Multinational Pooling agreements, consultant/broker agreements and direct insurance placements
Key Insurances included: Life, Medical, Disability, Accident

Pension/retirement Global

Organizing the yearly IFRS/IAS19 reporting with actuaries/consultants
De-risking agenda mainly on defined benefits/pension schemes
Facilitation placement of the Danish pension scheme and ongoing management of the agreement

Risk Management

Coordinate and lead the Enterprise Risk Management Framework including preparation of the top risks to be discussed with Group Management and further on finalized the top 10 to the Board of Directors as well as follow up on mitigation actions

M&A and PMI activities and other

Perform due diligences on acquisitions
PMI of insurances into Group programs
Being a member of the travel Crisis Management Team

Your background

We imagine that you have:

Significant experience (more than 10 years) in a leading risk management role
Experience in leading a team of risk management specialists within project management and effective communication with team and stakeholders
Proven experience in risk management and insurances in large corporates with a background from an insurance broker and/or from large corporates
Fluency in English, and preferably with one or more additional language(s)
Strong leadership skills with proactive and cooperative way of working with team members and stakeholders
Excellent communication skills and the ability to tailor approach and present complex information to broad audiences
Excellent negotiation and communication skills, capable of effectively presenting risk reports and insights to management
Strategic mindset with a detail-oriented approach to solving complex problems

Workplace

This position will be either located in Grundfos offices in Bjerringbro, Denmark or Budapest, Hungary.

What’s in it for you?

What are your goals? Here at Grundfos it’s our mission to help you develop and fulfil your ambitions, both career and personal. We are guided by our six core values, and you’ll find that your fresh ideas will be welcomed and make a difference in everything from local to large-scale global projects. You’ll encounter colleagues from all over the world both as part of your daily work, supporting and all the while broadening each other’s cultural horizons.

In addition, your day-to-day benefits include:

Flexible working hours; home office possibility
Annual bonuses, parental support, internal well-being consultants and programmes, engaging team buildings
Diverse, inclusive environment with employee-led forums offering colleagues a safe place to connect and share openly
Long-term career development with regular dialogue, as well as continuous learning and development opportunities

Do you want to learn more?

If this job sounds appealing, please send your resume by clicking “Apply”.

To dig deeper into the Grundfos universe, follow us on LinkedIn or Youtube, and to get to know some of your future colleagues and why they love working at Grundfos, check out Meet our people

We look forward to hearing from you.