Position is responsible for developing, implementing, and overseeing the comprehensive insurance and risk management program for Wells. This leader works collaboratively with senior leaders, legal, finance, and operations teams to safeguard the company's assets, ensure compliance, and protect against financial losses by managing insurance portfolios, self-insurance, and other mitigation programs.
ACCOUNTABILITIES:
1. Develop, implement, and oversee the organization's insurance program including property, cyber, casualty, product liability, aviation, and professional coverages.
2. Evaluate and recommend appropriate policies and limits, negotiating terms, premiums, and renewals with brokers and carriers to ensure effective and cost-effective coverage.
3. Manage the relationships with insurance brokers, underwriters, consultants, and other external partners.
4. Collaborate with internal stakeholders to analyze business operations, projects, and contracts to ensure adequate risk transfer and insurance requirements are met.
5. Oversee claims management process, including reporting, investigating, documenting and resolving claims related to property, auto, transportation, employee, product, and general liability, working closely with legal counsel as needed.
6. Lead, mentor, and develop the insurance and risk management team.
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Wells Enterprises, a Ferrero company, is one of the largest ice cream manufacturers in the United States and the maker of well-loved brands including Blue Bunny, Halo Top, Bomb Pop, and Blue Ribbon Classics and today Trolli, Butterfinger 100grand, Baby Ruth, Nutella and Kinder Bueno.
Wells Enterprises is a 2 billion company employing 4,000 employees, across 4 production plants and 2 main hub locations, Chicago and Le Mars. Guided by innovation, quality, and a people-first mindset, Wells is committed to delighting consumers and developing exceptional teams.
As part of the Ferrero Group, Wells combines its strong U.S. heritage with Ferrero's global standards of excellence, offering a unique opportunity to grow within a dynamic, values-driven, and international environment.
At Wells, our people-and their experience-sit at the heart of our ambition. Learn more at www.wellsenterprisesinc.com.
What We Offer
At Wells, we're proud to support our employees with comprehensive benefits that enhance health, financial wellness, and include paid time off (PTO). Eligible employees may also receive an annual incentive bonus based on Company performance. Learn more about our benefits here.
EDUCATION: Bachelor's degree in Risk Management, Insurance, Business Administration, or related field.
EXPERIENCE: Minimum of 10 years of insurance and leadership experience, preferably within the food, consumer goods, or manufacturing industries. Professional certifications are desirable.
SPECIFICATIONS: Knowledge, Skills & Abilities
Knowledge: Industry knowledge with a deep understanding of insurance products, risk management practice, and regulatory requirements.
Leadership: Proven ability to lead teams and effectively manage direct reports.
Skills: Strong negotiation skills to influence stakeholders and secure optimal insurance terms. Problem solving and analytical skills with the ability to evaluate evolving and complex risk scenarios, making informed recommendations and resolving challenges.
Abilities: Collaboration and teamwork and the ability to work effectively with a diverse, cross-functional team including Wells, the global Ferrero organization, and multiple external partners. Strong attention to detail in policy review, claims documentation, and compliance monitoring. Strong judgement and the commitment to integrity, confidentiality, and ethical business practices.
Requires occasional travel
SUPERVISORY SCOPE: Reports to CFO. Has direct reports.
FINANCIAL SCOPE: $50 Million
The base pay range for this position is $159,753.02 to $223,654.22 annually. Actual compensation will be determined based on experience, qualifications, and other job-related factors permitted by law. This pay range represents the anticipated salary for this position at this time.