This position provides an opportunity to assist in the management of Textron’s insurance programs while interacting with various functions at each business unit and Textron’s insurance brokers and insurers.
Develop and maintain a thorough understanding of Textron’s risk management program including its design, cost allocation, and the strategy for each program renewal
Prepare insurance renewal submissions; frequently engage with business units, brokers, and insurers
Manage the third-party claims’ management system to ensure accuracy of data and loss reports
Generate loss reports. Analyze and classify claims as to frequency and potential severity, measure financial impact of risk
Evaluate material changes in loss experience; identify causes, and develop recommendations
Understand accounting/financial policies, procedures, and processes for various risk management programs and administration, and recommend appropriate improvements
Maintain all aspects of insurance costs and financial reporting requirements; identify and evaluate trends, causes of variances, and process improvements
Prepare the annual projected and actual cost allocation models and communicate results with Corporate FP&A and business unit CFOs
Prepare and control monthly and annual cash flow reporting, journal entry processing
Prepare claim review reports and participate in claim reviews
Manage surety bonds used by Business Units
Process certificates of insurance
Attend professional development opportunities as appropriate
Other duties and responsibilities as assigned by Treasurer or Director
Open to future career development opportunities within Textron business unit locations
Bachelor’s Degree in finance or accounting.
Minimum 2 years prior experience in finance or accounting roles
Good business communication (oral and written) and interpersonal skills
Strong accounting and analytical skills
Thorough understanding of Microsoft Office
Ability to manage multiple tasks and projects and work independently
Internal Number: 279838
We are known for our powerful brands such as Bell, Cessna, Beechcraft, E-Z-GO, and Arctic Cat. We are a multi-industry company with a global network of aircraft, defense, industrial and finance businesses that provide our customers with innovative products and services. Our worldwide presence is powered by the talent of more than 36,000 people, each of whom brings their unique experience, skills and perspective to our team.
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