at Hyatt in CHICAGO, Illinois, United States
Job Description
Description:
The Opportunity
We are seeking a dedicated and highly analytical Insurance Procurement and Compliance Manager to join our organization. The Manager will collaborate with cross-functional teams and our insurance brokerage partners to protect our employees, guests, and properties through the placement of insurance programs The ideal candidate will be responsible for managing the insurance renewal process, gathering all hotel risk exposure data for the underwriting submissions, and working to maintain and update our various risk management information systems.
Who We Are
At Hyatt, we believe in the power of belonging and creating a culture of care, where our colleagues become family. Since 1957, our colleagues and guests have been at the heart of our business and helped Hyatt become one of the world’s best and fastest-growing hospitality brands. Our transformative growth and the addition of new hotels, brands, and business lines can open the door for exciting career and growth opportunities for our colleagues.
As we continue to grow, we never lose sight of what’s most important: People. We turn trips into journeys, encounters into experiences, and jobs into careers.
Why Now?
This is an exciting time to be at Hyatt. We are growing rapidly and are looking for passionate changemakers to be a part of our journey. The hospitality industry is resilient and continues to offer dynamic opportunities for upward mobility, and Hyatt is no exception.
How We Care for Our People
Our purpose sets us apart-to care for people so they can be their best. Every business decision is made through the lens of our purpose, and it informs how we have and will continue to support each other as members of the Hyatt family. Our care for our colleagues is the key to our success. We’re proud to have earned a place on Fortune’s prestigious 100 Best Companies to Work For® list for the last ten years. This recognition is a testament to how our Hyatt family continues to come together to care for one another, our commitment to a culture of inclusivity, empathy, and respect, and making sure everyone feels like they belong.
We’re proud to offer exceptional corporate benefits which include:
-Annual allotment of free hotel stays at Hyatt hotels globally
-Flexible work schedules
-Work-life benefits including well-being initiatives such as a complimentary Headspace subscription, and a discount at the on-site fitness center
-A global family assistance policy with paid time off following the birth or adoption of a child as well as financial assistance for adoption
-Paid Time Off, Medical, Dental, Vision, 401K with company match
Our Commitment to Diversity, Equity, and Inclusion
Our success is underpinned by our diverse, equitable, and inclusive culture and we are committed to diversity across the board-from whom we hire and develop, the organizations we support, and whom we buy from and work with.
Being part of Hyatt means always having space to be you. Our global teams are a mosaic of cultures, ethnicities, genders, ages, abilities, and identities. We constantly strive to reflect the world we care for with teams that achieve and grow together. To learn more about our commitments to DE&I, please visit the Why Hyatt section of the Hyatt career page.
Who You Are
As our ideal candidate, you understand the power and purpose of our Culture of Care and embody our core values of Empathy, Inclusion, Integrity, Experimentation, Respect, and Well-being. You enjoy working with others, are results-driven, and seek various opportunities to develop personally and professionally.
The Role
1. Insurance Renewal Management: Manages the insurance renewal process, including the collection of underwriting data, timely submission to insurance brokers, review of insurance proposals, evaluation of risk financing alternatives, and prepares recommendations to supervisor and VP Risk Management. Work to update presentations for underwriting meetings.
2. Policy Documentation: Review the coverage binders and insurance policies to ensure the coverage bound matches the agreed upon terms and conditions and the delivered policies include all intended endorsements.
3. Insurance Financial Management : Works closely with Finance team to review, approve, and track insurance premiums, vendor invoices, internal charges, allocations, etc., to ensure accurate TCOR calculations and budget/forecasting up to date on the timing of new hotel openings
4. Risk Information Systems : Update our risk information systems to include the exposure data and the results (premium costs, limits, deductibles, etc.) of the insurance renewals. Use certificate management tool to monitor compliance of managed and franchised hotels.
5. Property Survey: Manage the process for collecting accurate property exposure data from the hotels. Work with hotels to set up trainings of importance of the data and consult on questions they may have concerning the Property program.
6. Hotel Requests: Explain complex insurance coverages, and insurance costs to business partners, including, but not limited to hotel owners, leadership teams, legal, and other key stakeholders. Provide training to hotels on the self-service features of the Risk Portal.
Qualifications:
Qualifications
Experience Required: Bachelor’s degree in Risk Management, Business, Finance, or a related field. 5 years full-time experience in insurance/risk management industry. Knowledge of insurance policies and coverages. Associate in Risk Management (ARM) or other insurance designation preferred. Proficiency in data analysis and reporting, using tools such as Excel and Risk Management Information Systems. Excellent communication skills, both written and verbal, with the ability to convey complex information clearly and effectively. Strong attention to detail and analytical thinking. Ability to work collaboratively in a team environment and influence stakeholders at various levels.
This position offers a competitive salary, benefits package, and the opportunity to contribute to the overall well-being of our employees. If you are a proactive, detail-oriented professional with a passion for safety, we encourage you to apply and become an integral part of our dedicated health and safety team.
The position responsibilities outlined above are in no way to be construed as all-encompassing. Other duties, responsibilities, and qualifications may be required and/or assigned as necessary.
We welcome you:
Research shows that women, people of color, and other historically excluded groups, tend to apply to jobs, only if they meet all the listed job qualifications. Unsure if you check every box, but feeling inspired to enhance your career? Apply. We’d love to consider your unique experiences and how you could make Hyatt even better.
Primary Location: US-IL-Chicago
Organization: Hyatt Corporate Office, Chicago
Pay Basis: Yearly
Job Level: Full-time
Job: Risk
Req ID: CHI014009
Hyatt is an equal employment opportunity and affirmative action employer. We do not discriminate on the basis of race, color, gender, gender identity, sexual orientation, marital status, pregnancy, national origin, ancestry, age, religion, disability, veteran status, genetic information, citizenship status or any other group protected by law.
