Description:This position is responsible for the management of Lockheed Martin's Workers’ Compensation and Defense Base Act (DBA) insurance programs and providing general workers’ compensation and DBA management support to all enterprise business area locations across Lockheed Martin. The position reports to the Director, Risk Management in Lockheed Martin's corporate Risk Management department in Bethesda, MD.
The principal responsibilities of the position are as follows:
• Manage a corporate-wide program of DBA, self-insured workers’ compensation and insured workers' compensation (collectively Workers’ Compensation) best practices and cost containment.
• Development of best practices performance standards for all parties involved in the Workers’ Compensation
• Management and claim management process
• Participation in the negotiation of contracts with service providers
• Coordination of performance audits and site-specific cost containment assessments
• Follow-up on implementation of improvements
• Evaluation of the effectiveness of the overall cost containment program and performance of individual service providers
• Providing appropriate education and support to the business units on all workers' compensation matters.
The successful candidate must provide guidance and support to Business Area Risk Managers and Controllers on all aspects of Workers’ Compensation matters.
The incumbent is expected to maintain a high level of technical expertise in all aspects of Workers' Compensation cost containment, and a familiarity with insurance law and basic litigation management, interaction with claims adjustors, doctors, other medical providers, insurance brokers, insurers, state insurance departments, Business Area Risk Managers, Environmental Health and Safety professionals, etc.
The position will require an average of 50% travel in order to support enterprise Business Area locations across the United States for all locations.
Candidates must have a bachelor's degree in a relevant academic area, including a significant number of finance credits, and at least ten (10) years of experience in Workers’ Compensation corporate risk management, insurance brokerage, or insurance company operations.
Preferred locations for this position are at major Lockheed Martin locations such as Orlando, Bethesda, Ft Worth, Denver, however other locations will be considered.
Basic Qualifications:
- 10 years minimum experience in Worker’s Compensation, corporate risk management, insurance brokerage, or insurance company operations Related
- Bachelors or Masters degree
- Familiarity with basic Casualty insurance concepts and strong technical expertise in Casualty insurance and Workers’ Compensation including claims management, best practices and cost containment
- Familiarity with U.S. Government contracting practices and acquisition regulations.
- Strong Project Management skills.
- Intermediate proficiency in Microsoft Office applications (charts, storytelling, import/export, teams - channels, file sharing, collaboration, create new, modify existing pages)
Desired Skills:
- Workers’ Compensation specific professional designations, including but not limited to an adjustors license, claims handling designations, etc.
- MBA, ARM and/or CPCU designation would be considered a plus, as would a current insurance brokerage license.
- Knowledge of Lockheed Martin Business Areas, systems and processes.
- Experience with multiple Workers’ Compensation claims management systems is a plus.
Clearance Level: None
Other Important Information You Should Know
Expression of Interest: By applying to this job, you are expressing interest in this position and could be considered for other career opportunities where similar skills and requirements have been identified as a match. Should this match be identified you may be contacted for this and future openings.
Ability to Work Remotely: Part-time Remote Telework: The employee selected for this position will work part of their work schedule remotely and part of their work schedule at a designated Lockheed Martin facility. The specific weekly schedule will be discussed during the hiring process.
Work Schedules: Lockheed Martin supports a variety of alternate work schedules that provide additional flexibility to our employees. Schedules range from standard 40 hours over a five day work week while others may be condensed. These condensed schedules provide employees with additional time away from the office and are in addition to our Paid Time off benefits.
Schedule for this Position: 4x10 hour day, 3 days off per week
Pay Rate: The annual base salary range for this position in California, Massachusetts, and New York (excluding most major metropolitan areas), Colorado, Hawaii, Illinois, Maryland, Minnesota, New Jersey, Vermont, Washington or Washington DC is $106,100 - $187,105. For states not referenced above, the salary range for this position will reflect the candidate’s final work location. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
(Washington state applicants only) Non-represented full-time employees: accrue at least 10 hours per month of Paid Time Off (PTO) to be used for incidental absences and other reasons; receive at least 90 hours for holidays. Represented full time employees accrue 6.67 hours of Vacation per month; accrue up to 52 hours of sick leave annually; receive at least 96 hours for holidays. PTO, Vacation, sick leave, and holiday hours are prorated based on start date during the calendar year.
This position is incentive plan eligible.
Pay Rate: The annual base salary range for this position in most major metropolitan areas in California, Massachusetts, and New York is $122,000 - $211,485. For states not referenced above, the salary range for this position will reflect the candidate’s final work location. Please note that the salary information is a general guideline only. Lockheed Martin considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/ training, key skills as well as market and business considerations when extending an offer.
Benefits offered: Medical, Dental, Vision, Life Insurance, Short-Term Disability, Long-Term Disability, 401(k) match, Flexible Spending Accounts, EAP, Education Assistance, Parental Leave, Paid time off, and Holidays.
This position is incentive plan eligible.
Lockheed Martin is an equal opportunity employer. Qualified candidates will be considered without regard to legally protected characteristics.
The application window will close in 90 days; applicants are encouraged to apply within 5 - 30 days of the requisition posting date in order to receive optimal consideration.
Join us at Lockheed Martin, where your mission is ours. Our customers tackle the hardest missions. Those that demand extraordinary amounts of courage, resilience and precision. They’re dangerous. Critical. Sometimes they even provide an opportunity to change the world and save lives. Those are the missions we care about.
As a leading technology innovation company, Lockheed Martin’s vast team works with partners around the world to bring proven performance to our customers’ toughest challenges. Lockheed Martin has employees based in many states throughout the U.S., and Internationally, with business locations in many nations and territories.
Experience Level: Experienced Professional
Business Unit: CORPORATE HEADQUARTERS
Relocation Available: No
Career Area: Finance
Type: Full-Time
Shift: First
