Innovate to solve the world's most important challenges

As a Risk Management Manager for Solstice Advanced Materials, you will play a critical role in identifying, assessing, and mitigating risks to ensure the safety and success of our operations. You will report directly to our Senior Director Risk Management and you'll work out of our Morris Plains, NJ location on a hybrid work schedule.

KEY RESPONSIBILITIES

• Assist Senior Director collecting exposure data for all global insurance program renewals
• Manage property and casualty claims program including third party administrators and brokers
• Oversight of all self insured filings in applicable states
• Assist Senior Director of Risk Management in assessing Total Cost of Risk (TCOR)
• Work with the risk team, brokers and underwriters to develop and implement premium allocations for the various insurance programs for each business segment
• Responsible for reviewing contracts to provide risk management guidance (for all coverages) minimizing exposure to Advanced Materials, while assisting growth opportunities within our business segments.
• Process all invoices (wires) for the risk management programs
• Assist Senor Director Risk Management in annual departmental budgeting and AOP forecasts
• Understand SAP and its application to Risk Management
• Responsible for collecting all SAS 70 information from insurers and 3rd party administrators
• Monitor monthly Risk Management expenditures for accuracy
• Serve as the lead contact for Risk Management SOX reporting and audit.

In October, 2024 Honeywell announced the spin-off of our Advanced Materials business to become a stand-alone publicly traded company, independent of Honeywell. Our intention is that this role, dedicated to the Advanced Materials business, will be a part of this future transaction when the separation occurs.

MUST HAVE

• Experience in risk management or insurance related field preferred
• Minimum five years accounting experience preferably in the commercial insurance, risk management and/or brokerage environment.

• Ability to solve problems by considering courses of action within the framework of management's goals and standards.
• Experience in insurance related financial reporting and compliance

WE VALUE

• Bachelor's Degree in Accounting, CPA

ABOUT HONEYWELL

Honeywell International Inc. (Nasdaq: HON) invents and commercializes technologies that address some of the world's most critical challenges around energy, safety, security, air travel, productivity, and global urbanization. We are a leading software-industrial company committed to introducing state-of-the-art technology solutions to improve efficiency, productivity, sustainability, and safety in high-growth businesses in broad-based, attractive industrial end markets. Our products and solutions enable a safer, more comfortable, and more productive world, enhancing the quality of life of people around the globe.

THE BUSINESS UNIT

Honeywell Advanced Materials is an industry-leading solutions provider, playing a crucial role in advancing industries worldwide through diverse applications, revolutionary inventions, and pioneering technologies focused on high-growth mega-trends. Our science and technology experts create solutions that help solve our customers' needs today and in the future. Our solutions span across industries, including retail, healthcare and pharma, buildings, manufacturing, and hi-tech. In each of these verticals, we bring deep materials and engineering knowledge, which leads to our customers achieving a reduction in energy consumption, cutting down their carbon emissions, and improving their operational efficiencies.

BENEFITS OF WORKING FOR HONEYWELL

In addition to a competitive salary, leading-edge work, and developing solutions side-by-side with dedicated experts in their fields, Honeywell employees are eligible for a comprehensive benefits package. This package includes employer subsidized Medical, Dental, Vision, and Life Insurance; Short-Term and Long-Term Disability; 401(k) match, Flexible Spending Accounts, Health Savings Accounts, EAP, and Educational Assistance; Parental Leave, Paid Time Off (for vacation, personal business, sick time, and parental leave), and 12 Paid Holidays.

The application period for the job is estimated to be 40 days from the job posting date; however, this may be shortened or extended depending on business needs and the availability of qualified candidates.

Honeywell is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status.

Additional Information

• JOB ID: req485121
• Category: Finance
• Relocation Tier: Tier 3
• Security Clearance:
• Aviation Authority (FAA for US):
• Band: 04
• Referral Bonus: 0
• Requisition Type: Standard Requisition
• US Citizenship:
• FLSA Statement:
• FLSA CODE: Exempt

Honeywell is an equal opportunity employer. Qualified applicants will be considered without regard to age, race, creed, color, national origin, ancestry, marital status, affectional or sexual orientation, gender identity or expression, disability, nationality, sex, religion, or veteran status.