Director Risk Management

The Home Depot

2d•Onsite

About The Position

Develops strategy and identifies property, casualty, and liability risks and exposures, and devises methods to minimize loss potential while containing cost of risk. Identifies factors to determine when and where to engage with external insurance markets or utilize captive insurance options.

Requirements

Must be 18 years of age or older
Must be legally permitted to work in the United States
The knowledge, skills and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field of study related to the job.
8 years of work experience
Expertise in the risk management / insurance discipline.
Flexibility, problem solving, and organization skills.
Strategic planning and risk management planning experience.
Analytical and decision-making skills.

Nice To Haves

The knowledge, skills and abilities typically acquired through the completion of a master's degree program or equivalent degree in a field of study related to the job.
10 years of work experience
MBA with concentration in accounting, finance or risk management
CPA
ARM, AIC, or CPCU designations

Responsibilities

Manages day-to-day affairs of a captive insurance company ensuring the issuance of policies, adherence to financial and regulatory controls, and provides guidance on strategic opportunities.
Manages certificate of insurance tracking program for suppliers, vendors, installers and others with contractual obligations for providing certificates of insurance.
Evaluates risk levels of various agreement and other contracts entered into by the company with specific focus on insurance and risk transfer provisions. Provides feedback and suggestions to Legal and outside counsel.
Identifies and evaluates insurable exposure.
Develops and maintains reporting systems for incidents involving auto, general liability, product liability, first-party property, marine cargo, and workers compensation incidents.
Evaluates appropriate insurance programs for subsidiary companies and provides support to M&A activity
Implements appropriate processes for review of loss data to develop actuarial loss reserves for workers compensation, Texas non-subscriber, automobile, general liability, and product liability programs.
Typically expected to provide status reports to management as appropriate
Typically considers new courses of action within broad policies and medium-term goals when solving problems.
Develops and implements policy and procedures for the effective management of the risk information system; acts as liaison with the risk management information system vendor.
Manages the effective use of self-insurance programs including annual review of cost effectiveness; ensures all associated government reporting obligations are met as prescribed by law or regulation.
Typically faces situations that are unstructured and require original approaches.