Job Information
Teva Pharmaceuticals Treasury Risk Manager & Insurance Specialist TAPI in Haarlem, Netherlands
Treasury Risk Manager & Insurance Specialist TAPI
Date: Jun 22, 2024
Location:
Haarlem, Netherlands, 2031
Company: Teva Pharmaceuticals
Job Id: 56528
Who we are
TAPI is the leading international supplier of active pharmaceutical ingredients (APIs). With the industry's broadest portfolio including over 350 API products. We are the go-to global supplier for APIs, supporting 80% of top 50 global pharmaceutical companies. We are proud of our reliable history in the generic API industry dating back over 80 years, and the fact we are considered to be one of the most trusted API suppliers, these enable TAPI to lead the industry, based on our experience, expertise, technologies, and exceptional customer service.
Our employees are at the core of our success. Our Headquartered is in Israel, TAPI employs more than 4,000 professionals at 14 sites worldwide. Our state-of-the-art production facilities are located in Italy, Hungary, the Czech Republic, Croatia, Israel, Mexico and India. Our significant ongoing investment in R&D generates a steady flow of APIs, enabling timely introduction of new products to market.
Location of the role
This position is available in Haarlem (NL) or near our TAPI sites in Italy, Hungary, Croatia or Czechia.
The opportunity
Due to the divestiture of TAPI from TEVA, we are building finance functions. In line with the TAPI transformation journey, we are looking for a Global Treasury Insurance & Risk Management Specialist to come on board. In this role you will be responsible for all risk management initiatives and some insurances topics.
How you’ll spend your day
Leads identification, communication, measurement, and management of company-wide risk.
Manages insurance procurement, develops and implements risk management and compliance policies/procedures, and manages claims and litigation.
Manages relationships with third party service providers including brokers, underwriters, and other third-party administrators.
Evaluates and provides recommendations regarding selection of policies, including but not limited to: Property, Casualty, General Liability, Workers’ Compensation, Directors and Officers, and Cyber-risk policies.
Coordinates and submits, as necessary, the gathering of insurance policy renewal data.
Partners with all departments regarding incident reports and claims or losses.
Investigates, resolves, and responds to all property and liability claims
Provides timely notification of claims to insurance carriers.
Works with the company’s insurance brokers to respond to requests for certificates of insurance and claims history document.
Partners with key stakeholders to develop and implement standards, processes, programs, and best practices related to risk management.
Identifies potential risk exposures, recommends solutions, implements approved programs, promotes loss prevention, and updates and monitors compliance.
Manages all phases of the claims process from intake and investigation through litigation, settlement, and/or trial, and consults and/or participates in negotiations, conferences and mediations with adjusting companies, outside legal counsel, staff, claimants, and other involved parties.
Manage risk positions, including market risk, interest rate, energy, and FX exposures in accordance with the Corporate Treasury guidelines. Oversee hedging processes, encompassing exposure forecasting, hedge execution and reporting activities. and lead decision-making and be part of risk forums and global hedging strategies.
Closely cooperates with Local Treasury/Regional Treasury to ensure optimization structure and proper financing of the subsidiaries to fulfill operational cash activity.
Establish and implementation of a cost-effective and optimized central treasury unit. and work closely with the Head of TAPI IT to optimize centralization management and tools regarding cash-pools, Sweeps, IC-Netting and Intercompany Settlements.
Define and manage Treasury IT roadmap, aligned with business objectives and translate requirements. such as SSI, cash-flow and payments practices to scale and secure global treasury processes.
Act as subject matter of expert on the group liquidity. Oversee the position of the organization along with FP&A. ensuring adequate funding levels to meet operational needs and financial obligations. develop and enforce liquidity models and procedures to ensure compliance with internal controls and requirements.
Develop, implement, and monitor short-term investments to maximize returns on excess cash in alignment to the company's risk tolerance and objectives.
Coordinate treasury matters on global projects involving tax and BD initiatives.
Support any curve-out related finance matter.
Prepare regular reports and board presentations highlighting key metrics, trends, strategies, and risks, and providing recommendations for informed decision-making.
Your experience and qualifications
Master Degree in Business, Legal, Finance, Accounting, or Risk Management required
Law degree or Associate’s degree in Risk Management preferred
5-10 years of insurance and risk management experience
Strong with MS Office applications (Outlook, Word, Excel, PowerPoint, etc.)
Project management skills and attention to detail
High level of commitment to quality work product and organizational ethics, integrity, and compliance
Ability to work effectively in a fast-paced, team environment
Strong interpersonal skills and the ability to effectively communicate, both written and verbally
Demonstrated decision making and problem-solving skills
Detail-oriented with the ability to multi-task and meet deadlines with minimal supervision
Education, Experience, and Licensing Requirements
Reports To
Head of Treasury TAPI
Already Working @TEVA?
If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply:Internal Career Site (https://performancemanager.successfactors.eu/sf/careers/jobsearch?bplte_company=1080030P)
The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.
Pre Employment Screening
Teva will carry out appropriate verification and legally permitted vetting prior to the confirmation of any offer of employment. More information on this verification and vetting will be provided if you reach this stage of the application process.
Teva’s Equal Employment Opportunity Commitment
Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.
EOE including disability/veteran