Director, Risk Management

Willis Lease Finance Corporation•Coconut Creek, FL

About The Position

The Director, Risk Management plays a pivotal role in understanding the strategic vision of the company to ensure comprehensive insurance coverage and adherence to risk management/mitigation practices and protocols. This position requires collaborating with various departments and stakeholders to identify risks, mitigate potential exposures, and provide regular reporting to supervisors and C-suite executives. Your ability to translate complex information into actionable solutions will be crucial in influencing decision-making across all leadership levels.

Requirements

Bachelor’s degree in business administration, Risk Management, Finance, or a related field.
Preferably 10 years of proven experience in insurance and risk management, preferably in a global company or related industry.
In-depth knowledge of insurance policies, safety protocols, and risk management best practices.
Strong negotiation and relationship-building skills to work effectively with insurance brokers and markets.
Proven ability to develop and implement risk management strategies and programs.
Excellent communication and presentation skills, with the ability to convey complex information to diverse audiences.
Proficiency in project management and process improvement methodologies.
Proficiency in MS Office Suite.
Core competencies include but aren’t limited to Risk Management, Regulatory Compliance, Process Improvement, Broker & Carrier Relations, Negotiations & Contracts, Project Management, Strategic Planning, etc.
Strategic and analytical thinking
Executive level communication and presentation skills
Sound judgment and decision making under uncertainty
Leadership, collaboration, and stakeholder management

Nice To Haves

Master's degree is a plus.

Responsibilities

Lead the procurement, design, placement, and ongoing administration of all corporate insurance programs, including (but not limited to) Aviation, Property & Casualty, Workers’ Compensation, Cyber, FINPRO, D&O, Environmental, and other specialty coverages.
Own and manage the company’s global insurance portfolio, ensuring coverage adequacy, consistency, and cost effectiveness.
Develop and implement insurance strategy, including renewals and market placements, in partnership with brokers and carriers.
Evaluate risk retention strategies, deductibles and alternative risk transfer mechanisms to optimize total cost of risk.
Develop and maintain global insurance guidelines and standards to ensure consistent application across all operations and geographies.
Serve as the primary liaison with insurance brokers, carriers, consultants, and third-party administrators.
Lead broker selection, performance management, and ongoing relationship governance.
Maintain executive-level relationships with global insurance carriers and conduct regular market benchmarking and coverage analyses.
Establish and maintain global risk management policies, procedures, controls, and governance frameworks.
Lead enterprise risk management (ERM) initiatives, including risk identification, assessment, reporting, and mitigation.
Utilize data and risk analytics to identify trends, emerging risks, and areas of exposure.
Lead business continuity planning efforts and support organizational resilience initiatives.
Ensure compliance with regulatory, contractual, and insurance requirements across all jurisdictions in which the company operates.
Provide regular risk and compliance reporting and recommendations to C-suite leadership and other senior stakeholders.
Partner with Legal to assess and manage litigation risk, contractual risk transfer provisions, indemnification clauses, and insurance requirements.
Support Legal/Contract Administration team in negotiating insurance-related, risk-related, and commercial contract terms (e.g., indemnities, limitations of liability, insurance provisions) to align risk allocation with business objectives and risk appetite.
Provide insurance and contractual risk guidance for mergers and acquisitions, joint ventures, and major capital projects.
Establish governance and oversight structures for claims management across all lines of coverage.
Monitor claims trends, loss development, and reserving practices.
Partner with internal stakeholders to mitigate loss exposure, manage complex claims, and improve recovery outcomes.
Manage insurance budgets, premium allocations, and cost recovery mechanisms.
Ensure compliance with public company disclosure requirements related to risk and insurance, coordinating with Internal Audit as needed.
Act as a trusted advisor to Operations, Engineering, EHS, Supply Chain, Commercial, Treasury, and other business functions.
Collaborate with Treasury on risk financing strategies, cash flow considerations, and capital structure impacts.
Provide guidance to internal stakeholders on risk mitigation, loss prevention, insurance requirements, and best practices.
Lead internal education and awareness initiatives to elevate organizational risk maturity.