Senior Director - Risk Management and Insurance
About The Position
Responsible for global risk management and insurance issues that directly impact the strategic direction of the company. Sets the strategic risk management vision and is charged with delivering that strategy to the company using exceptional leadership skills, network of internal and external alliances and highly developed business skills. Possesses an intimate knowledge of internal business processes and the organization's industry. Exhibits business process knowledge, possesses a broad-based operational perspective and provides solutions, including insurance, for related business risk issues. Recognized risk leader, who is a dynamic, proactive and decisive person. Adapts well to and initiates change in the organization. Seeks ways to optimize risks in the organization as a competitive business advantage. Key traits for the individual in this position are: highly developed communications, team player, change agent, strategic and creative, excellent project management skills and the ability to drive performance.
Requirements
- Bachelor’s degree in Business or related field
- 15-20 years of relevant experience in risk management and insurance
Nice To Haves
- MBA and/or JD preferred.
Responsibilities
- Direct and oversee the Company’s global insurance program and lead, align, and enhance cross-functional risk management processes across manufacturing, procurement, transportation and logistics, trade compliance, commercial, human resources, and legal functions. Ensure global risk programs are consistent, compliant, and strategically impactful across all regions.
- Lead global enterprise risk management program proactively monitoring and ensuring appropriate mitigation of risks
- Provide people leadership by directing cross-functional risk management initiatives, fostering collaboration among teams, and ensuring effective identification, communication, and mitigation of risks enterprise-wide.
- Direct and oversee the Company’s global insurance program including, but not limited to, property, general liability, casualty, and excess insurance
- Develop and execute a robust and comprehensive strategy to manage risk through direct insurance, self-insurance, and reinsurance while actively managing the overall cost profile of managing risk
- Actively utilize the Company’s captive insurance entity to manage overall exposures and lower the Company’s overall cost of insurance
- Develop a strategy and program to identify areas of self-insured risk to offset through reinsurance programs
- Directly oversee the Company’s administration and management of claims under self-insured retention programs, driving initiatives that proactively reduce loss exposure and deliver measurable risk and cost savings through effective claims management and process improvement.
- Undertake complete and thorough review of underlying direct insurance and reinsurance contracts and amendments, as applicable, to understand areas of current or emerging risk with contracted insurance coverage and develop plans to address areas of risk
- Internal subject matter expert on risk management strategies, policies, practices, and procedures
- Directly manage relationships with third party service providers, including insurance brokers
- Actively participate in risk management and insurance industry events, programs, conferences, to maintain a current understanding of emerging trends and best practices
- Lead the Company’s periodic engagement with insurance underwriters to ensure the Company’s broad risk management activities and programs are properly reflected in insurance coverages
- Participate on the Company’s Risk Management Committee.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
