Associate Director, Operational Risk and Corporate Insurance

Group 1001•Indianapolis, IN

2d•Hybrid

About The Position

Group 1001 is a consumer-centric, technology-driven family of insurance companies on a mission to deliver outstanding value and operational performance by combining financial strength and stability with deep insurance expertise and a can-do culture. Group1001’s culture emphasizes the importance of collaboration, communication, core business focus, risk management, and striving for outcomes. This goal extends to how we hire and onboard our most valuable assets – our employees. This position offers the opportunity to influence organizational strategy, drive continuous improvement in risk management practices, and shape the future of our enterprise risk culture. The Associate Director, Operational Risk and Corporate Insurance is a highly visible position supporting the Enterprise Risk Management framework for the organization. You will focus on identifying, assessing, and mitigating operational risks while ensuring that corporate and subsidiary insurance programs align with the company’s evolving strategic objectives. The successful candidate will work closely with business units, cross-functional teams, and the first line of defense to strengthen the company’s operational risk posture, enhance governance reporting, and drive risk-aware decision-making. As part of the Risk Management Department, this individual will blend technical expertise, business acumen, and strong communication skills to influence stakeholders and promote a robust, enterprise-wide risk culture. Join our dynamic team and play a pivotal role in safeguarding the company’s interests while fostering sustainable growth. This position is hybrid, 2-days in the office, at our Corporate Headquarters in Zionsville, Indiana.

Requirements

Bachelor’s degree or equivalent business experience in Risk Management, Business Administration, or a related field; equivalent business experience may be considered.
Minimum of 5+ years of experience in risk management, operations management, information security, vendor management, or a related discipline.
In-depth understanding of various commercial insurance products, such as property, liability, workers' compensation, cyber, and business interruption insurance.
A confident self-starter who can work with minimal supervision and is willing to learn and grow within the role.
Excellent analytical, organizational, and decision-making abilities with a strong attention to detail.
Proven ability to operate effectively in both technical and business process environments.
Strong business acumen, initiative, and the capacity to forge and sustain relationships in a complex organizational setting.
Advanced proficiency in Microsoft Office (Excel, Outlook, Word, PowerPoint); experience with AuditBoard or similar systems is a plus.
Relevant professional certifications (e.g., ARM, CRM, CRMP) are highly preferred.

Nice To Haves

Familiarity with annuity products and insurance company operations is highly valued.
Property or health product experience is a plus.

Responsibilities

Execute and coordinate risk activities, including risk assessments, issue management, and the monitoring and reporting of Key Risk Indicators (KRIs), risk appetite metrics, and emerging risks.
Collaborate with various operational risk disciplines to provide a comprehensive view of interdependent and correlated risks, using strong influencing and negotiation skills to proactively address potential exposures.
Prepare governance reports and communications to senior leadership on changes to the operational risk profile, recommending risk mitigation strategies and solutions.
Partner with business stakeholders to ensure commercial insurance coverage remains aligned with evolving business needs and regulatory requirements.
Assist in the procurement and renewal of all corporate and subsidiary commercial insurance policies, engaging with brokers and carriers, providing updated company information, and completing renewal applications.
Coordinate and report on commercial insurance claims activity, including placing carriers on notice, updating internal stakeholders, and ensuring timely and accurate resolution.
Respond to Certificate of Insurance requests and provide ongoing risk management advisory support.
Build and maintain strong relationships with key stakeholders across the organization, including business units, risk management teams, and senior leadership.
Collaborate with internal partners to align operational risk initiatives with strategic business objectives and regulatory compliance requirements.
Lead or support risk management projects and initiatives, providing subject matter expertise and promoting a culture of risk awareness and continuous improvement.
Prepare and present operational and enterprise risk management reports, communicating key findings, trends, and recommendations to various business areas and leadership teams.
Utilize advanced data management and analytical tools to identify and assess operational risk exposures and support data-driven decision-making.