Sr. Business Insurance Manager

Sr. Business Insurance Manager

A job at TSMC Arizona offers an opportunity to work at the most advanced semiconductor fab in the United States. TSMC Arizona’s first fab will operate its leading-edge semiconductor process technology (N4 process), starting production in the first half of 2025. The second fab will utilize its leading edge N3 and N2 process technology and be operational in 2028. The recently announced third fab will manufacture chips using 2nm or even more advanced process technology, with production starting by the end of the decade. America’s leading technology companies are ready to rely on TSMC Arizona for the next generations of chips that will power the digital future.

Brief Description:

As the Sr. Business Insurance Manager for TSMC, you will spearhead the strategic placement and management of insurance programs supporting large construction projects. You will work closely with brokers, insurers, and internal teams to ensure comprehensive risk management and compliance. Your role is pivotal in safeguarding our operations and facilitating seamless project execution through proactive insurance management.

Responsibilities:

• Lead Insurance Placement:
  • Direct the OCIP placement efforts with brokers and insurers, ensuring the timely delivery of program policies aligned with construction project timelines.
• Program Oversight:
  • Oversee the enrollments, contracts, safety, claims, and all related compliance matters to ensure coverage and adherence to regulations.
• Policy Coordination and Analysis:
  • Analyze and interpret terms and conditions associated with proposed Builders Risk Insurance Programs, OCIPs, OPPI, and Property insurance.
  • Act as a liaison among program participants to facilitate effective communication and coordination.
• Risk Management:
  • Identify insurable risks and potential risk mitigation opportunities, coordinating with operational groups to educate and ensure appropriate insurance coverage.
• Claim Management:
  • Assist in internal claim management for Builders Risk, OCIP, and Property claims, overseeing third-party administrators, insurers, adjusters, and legal service providers.
• Financial Analysis:
  • Contribute to budgets, forecasts, and financial reports, analyzing annual insurance premiums, program performance, billing rates, and premium allocations.
• Industry Knowledge:
  • Stay updated on trends in the construction insurance industry, integrating knowledge into existing processes and creating new workflows as necessary.
• Communication and Reporting:
  • Coordinate the assembly and delivery of management reports and presentations to internal and external stakeholders ensuring high-quality communication.
• Process Development:
  • Develop and review standardized processes and procedures to improve efficiency, ensure regulatory compliance, and minimize Total Cost of Risk (TCOR).

Minimum Qualifications/Requirements:

• Education:
  • Bachelor’s degree in Risk Management, Finance, Insurance, or other quantitative fields preferred.
• Experience:
  • Minimum of 8-10 years of relevant work experience in business insurance management, particularly within the construction or semiconductor industry.
• Technical Skills:
  • Advanced computer skills, including proficiency in Word, Excel, and data analytics.
  • Strong analytical skills to interpret complex insurance terms and conditions.
• Interpersonal Skills:
  • Excellent verbal and written communication skills.
  • Strong interpersonal skills to professionally engage with employees and external partners.
  • Ability to establish and maintain effective working relationships across the organization.
  • Effective listening and teamwork abilities.
• Physical Requirements:
  • Attend weekly meetings at construction sites, sitting, standing, working on a computer, etc.

Candidates must be willing and able to work on-site at our Phoenix Arizona facility.

As a valued member of the TSMC family, we place a significant focus on your health and well-being. When you are at your best-physically, mentally, and financially-our company is at its best. We offer a comprehensive and competitive benefits program that provides the resources you need to help you manage your health and achieve your goals across many areas of your life. This includes a variety of medical, dental and vision plan offerings you can choose from that best fit your and your family’s needs. Additionally, TSMC provides income-protection programs to financially assist you should you experience an injury or illness, and a 401(k)-retirement savings plan to help you secure your financial future. TSMC also offers competitive paid time-off programs and paid holidays allowing you to recharge and spend time with your family and loved ones.

Work Location: 5088 W. Innovation Circle, Phoenix, AZ 85083

TSMC is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other protected characteristic. We encourage all qualified individuals to apply, and we welcome applications from individuals with diverse backgrounds and experiences.

#LI-Onsite