Risk Manager

Lockton • Denver, CO

7d

About The Position

The Risk Manager oversees the client’s comprehensive insurance and risk management program, assessing and identifying risks that could affect the organization’s reputation, safety, security, or financial success. The role owns and manages the client’s risk program and serves as a strategic consultant to internal partners across U.S. offices.

The position evaluates loss management programs and insurance coverage, identifies ways to reduce costs and losses, and works with Lockton’s brokerage services on risk financing and purchasing opportunities. It develops reporting protocols for risk mitigation and cost analysis, establishes risk policies and procedures, conducts assessments, and recommends and implements improvements. The Risk Manager also reviews operational metrics for potential fraud, prepares reports and proposals for executive leadership, and recommends risk solutions such as insurance, safety and security policies, business continuity plans, and recovery measures.

The role provides strategic oversight of internal loss prevention programs; liaises with attorneys, insurers, and others on incidents that may result in asset loss; reviews and negotiates contract insurance provisions with Legal; responds to certificate-of-insurance requests and general insurance inquiries; and administers insurance activities. These activities include collecting exposure information, preparing insurer submissions and presentations and insurance budgets, distributing insurance summaries, coordinating account-handler activities, managing claims and loss control, and representing the client in the insurance market and with third-party vendors.

Requirements

• Bachelor of Arts or Sciences degree in a business or related field, or equivalent practical insurance claim management experience.
• At least 7 years of experience and expertise managing large and complex claim programs.
• Certification as a Certified Safety Professional, ASP, and ARM or CRIS.
• Substantial knowledge of Third-Party Administrator practices and procedures, and ability to develop long-term partnerships that meet client expectations and needs.
• Proven experience evaluating the accuracy of property and casualty claims reserving practices.
• Ability to communicate effectively and confidently with senior-level management within the client’s organization.
• Strong knowledge of evaluating, interpreting, and communicating insurance claims and coverage.
• Strong knowledge of Microsoft Office Suite, including Word, Outlook, Excel, and PowerPoint.
• Strong verbal and interpersonal communication skills.
• Understanding of industry trends and governmental regulations.
• Ability to complete continuing education requirements as needed.
• Ability to attend company, department, and team meetings as required, including industry training sessions.
• Ability to comply with company policies and procedures and proactively protect the confidentiality of client and company information.
• Ability to organize work efficiently and manage time to meet deadlines.
• Ability to travel by automobile and aircraft.
• Ability to work outside normal business hours as needed.
• Legally able to work in the United States.

Responsibilities

• Own, drive, and manage the client’s risk program.
• Serve as a key consultant and strategic partner to internal partners across U.S. offices.
• Review and analyze loss management program effectiveness, insurance coverage, and opportunities to reduce costs and losses.
• Partner with Lockton’s brokerage services to assess risk financing and purchasing opportunities and use quantitative analysis to present findings and recommendations.
• Develop reporting protocols for risk mitigation programs and cost analysis.
• Establish policies and procedures to identify and address risks across the organization’s services and departments.
• Conduct risk assessments by collecting and analyzing documentation, statistics, reports, and market trends.
• Review risk management policies and protocols, recommend changes, and implement improvements.
• Analyze metrics and data, including cash flow, inventory, breakage, and employee activity, to identify potential fraudulent behavior.
• Draft and present risk reports and proposals to executive leadership and senior staff.
• Recommend and implement risk management solutions, including insurance, safety and security policies, business continuity plans, and recovery measures.
• Provide oversight and strategic direction for internal loss prevention programs.
• Liaise with attorneys, insurance companies, and other individuals while investigating incidents that may result in asset loss.
• Review and negotiate insurance provisions in contracts with assistance or input from Legal.
• Respond to and ensure completion of certificate-of-insurance requests.
• Respond to general insurance inquiries.
• Coordinate general insurance administration, including exposure collection, insurer presentations and submission materials, insurance budgeting, insurance summaries, account-handler communication, and coordination with Lockton departments.
• Manage claims and loss control activities.
• Represent the client in the insurance market, meet with insurers on the client’s behalf, and manage other third-party vendor relationships.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior