Director - Insurance

Penske • Cumru Township, PA

2h

About The Position

The Director of Insurance is responsible for leading the end-to-end procurement, renewal, and placement of all corporate insurance policies across a broad portfolio. This role ensures insurance coverage aligns with the organization’s risk tolerance, exposure levels, and evolving business needs. The Director leads regular coverage audits, manages policy budgets and accruals, and oversees invoice processing. Additionally, this role maintains compliance with insurance regulations, manages the issuance of certificates of insurance for various stakeholders and operations and serves as an internal subject matter expert for insurance-related matters and escalations across the enterprise.

Responsibilities

• Policy procurement and management: Lead end to end procurement, renewal and placement of property and casualty insurance policies. This responsibility includes both domestic and international programs. Responsible for ensuring coverage aligns with organizational risk tolerance and exposure levels.
• Coverage adequacy & risk alignment: Lead internal and external audits in collaboration with internal stakeholders and brokers to ensure policies reflect evolving business needs, known exposures and usage, and external landscape changes.
• Compliance & regulatory oversight: Maintain accurate and up to date insurance records, certificates and policy schedules. Maintain awareness of insurance compliance trends and any updates that may impact policy language or placement. Responsible for customer compliance with rental and lease contract requirements.
• Internal consultation: Act as a subject matter expert for insurance-related questions and needs across the enterprise. Responsible for escalation matrix and engage in deal escalations, as needed.
• Oversee budget for insurance field level insurance accruals. Work closely with claims, TPA, and accounting on overall insurance reserves. Responsible for monthly reporting to senior management on claims costs and trends. Identify costs/ benefits of insurable vs. retained risks.
• Responsible for efficient management of department systems, ensuring system is supportive of streamlining processes and automation
• Other projects and tasks as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed