Director of Risk Management

Watsco, Inc.•Miami, FL

10h•Onsite

About The Position

Watsco, Inc. is hiring a Director of Risk Management at its corporate headquarters in Coconut Grove, Florida. The role designs and implements the company’s risk management process, evaluates potential financial impacts to the company and subsidiaries, and oversees insurance programs, claims, loss control, and risk awareness. The Director also manages captive insurance administration for workers’ compensation, general liability, and auto claims; prepares risk budgets and assessment reports; and may review company contracts for potential risk issues.

Requirements

8–10 years of risk management experience, including at least 5 years in leadership roles.
Experience in both brokerage and corporate risk management environments.
Bachelor’s degree required.
Strong math and computer skills, including Microsoft Office.
Experience using and managing databases.
Attention to detail and exceptional problem-solving skills.
Must be able to work in the United States without sponsorship.

Nice To Haves

Safety and insurance risk management experience.
Master’s degree.
Risk Manager certification.
Local candidates are preferred; relocation may be considered for the right candidate.

Responsibilities

Design and implement an overall risk management process, including analysis of the financial impact of risks on the company and its subsidiaries.
Select appropriate and effective brokerages on behalf of the organization.
Analyze and assess insurance policies to ensure company needs are adequately covered.
Negotiate with insurance brokers and carriers for favorable insurance rates.
Oversee claims and settlement values, and analyze other potential sources of insurance coverage for claims.
Promote risk awareness and maintain policies and procedures that support risk reduction.
Formulate, develop, and coordinate the organization’s loss control functions.
Maintain records of insurance policies and claims.
Prepare risk management and insurance budgets.
Prepare and present comprehensive risk assessment reports.
Create reports that help internal stakeholders understand how risk affects their operations.
Manage captive insurance administration for workers’ compensation, general liability, and auto claims.
Review company contracts as needed to identify potential risk issues.