Director Risk Management
About The Position
The Director, Risk Management, is responsible for identifying, assessing, and mitigating risks that could potentially affect the company's ability to obtain insurance coverage or maintain financial stability. They will work closely with both internal stakeholders and external insurers to protect the organization's assets and ensure compliance with relevant regulations. The Director, Risk Management, will have extensive experience in risk management and strong leadership skills. Excellent communication, negotiation and analytical skills are required. They will be adept at identifying and assessing potential risks, developing strategic plans to minimize financial losses and ensuring compliance with regulatory requirements. The Director, Risk Management, will work independently and in a team environment collaborating with all areas of the organization including but not limited to EHS, Facilities, HR, and Legal, as well as external stakeholders.
Requirements
- Bachelor's degree in Risk Management, Finance, Business, Insurance, or a related field.
- 10+ years of senior-level risk management experience within a multi-site manufacturing environment required; international exposure is highly desired.
- Knowledge of insurance policies, regulations, and underwriting is required.
- Ability to lead successful negotiations with brokers and insurance carriers across multiple lines of coverage.
- Proficiency with Microsoft Office applications is essential, specifically Word, Outlook, and Excel is required.
- Proficient in ERP systems, Oracle required.
- Proficiency in performing VLOOKUP and Pivot tables.
- Must be able to clearly, concisely, and accurately convey ideas and information to others, both verbally and in written form.
- Strong negotiation skills.
- Well developed capability in collaborating effectively within cross-functional teams while providing strategic leadership and guidance on enterprise risk matters.
- Demonstrated ability to effectively prioritize and manage multiple enterprise risk initiatives, deadlines, and stakeholder demands in a fast-paced environment.
- Strong problem-solving skills and ability to make sound decisions under pressure.
- Participate in 5S Workplace organizational activities and maintain the area in good working order through sustainment activities.
Nice To Haves
- Professional certifications such as Associate in Risk Management (ARM), Chartered Property Casualty Underwriter (CPCU), or Certified Risk Manager (CRM) are highly preferred.
Responsibilities
- Develop and implement risk management policies and protocols.
- Identify and evaluate potential risks that may impact the safety, security and financial prosperity of the organization.
- Conduct regular audits to ensure risk management procedures are being adhered to.
- Compile risk assessment and trend analysis reports for senior leadership.
- Monitor emerging risks and trends in the industry.
- Manage relationships with brokers and carriers.
- Oversee insurance renewals, claims, and audits.
- Identify areas for improvement with various lines of coverage, and premiums.
- Assess and interpret organizational insurance and risk coverage needs, staying informed on industry and coverage trends.
- Collaborate with Operations to implement risk mitigation strategies.
- Manage, monitor and provide reporting on all insurance claims.
- Work with adjusters and legal teams to resolve claims efficiently.
- Analyze claims history to identify patterns or risk areas.
- Design and implement controls to mitigate potential risks.
- Coordinate with various departments to create contingency plans.
- Participate in crisis management and disaster recovery planning.
- Ensure alignment with industry best practices and established risk management frameworks, including ERM, ARM, CPCU.
- Continuously works to stay current on risk management initiatives within the industry.
- Engages in and actively volunteers for Continuous Improvement projects/tasks.
- Participates in and sustains 5S Standards.
- Must follow all required Safety and ISO procedures.
- Miscellaneous duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Director
