Job Details

Must Haves:

• 10+ years related experience within risk management and corporate insurance
• Flexible on years down to 7 if they have shown growth through career
• Looking for an insurance SME
• Experience working in a high volume claims environment
• Experience managing the total cost of risk for a large vehicle fleet (5-1K fleet size is the requirement)
• This role has 8K vehicles in fleet
• Prior people leadership experience
• This role will be managing 3 risk analysts

Pluses:

• ARM or CPCU certifications
• Global insurance experience
• Captive insurance program
• Prior experience implementing best risk practices

A Brief Overview

The Director, Risk Management & Corporate Insurance is a key leader in our clients overall risk management efforts, and is responsible for managing the corporation's business insurance programs. This includes procurement of these policies, managing the associated claims, facilitating settlements, and leveraging data and insights from these programs to influence the company's overall risk control and safety programs. This will also require significant cross-functional collaboration with other internal teams including finance, enterprise risk management, legal, safety, operations and human resources.

What you will do

• Develop risk finance strategy for the company, identify short term and long-term goals. Evaluate and implement appropriate risk financing techniques such as procurement of insurance, management of self-insurance programs, captive insurance and alternative risk financing options. A key component of this is for our large fleet of +5,000 vehicles.
• Research, evaluate and make recommendations regarding current state of the art trends in risk management and insurance strategies. Identify and analyze potential impact of exposures of loss faced by the corporation. When appropriate, market/price the various insurance lines to ensure the most cost effective but also the most reliable insurance coverage is secured.
• Strategically analyze contracts such lease, customer contracts, acquisitions, supplier agreements for appropriate risk assumption and insurance provisions.
• Partner with the global insurance team in ensuring seamless coverage and management of insurance claims between locally procured policies and those established centrally.
• Manage external brokerage partner and in partnership design, implement and manage the following but not limited to E&O, auto, , general liability, workers' compensation and excess programs including (but not limited to) negotiating coverage, limits, pricing, and other key terms.
• Direct and lead the high volume claims management process. Process includes oversight of internal and external claim administrators, and oversee the maintenance of department records, ensuring close alignment and approval with key company executives in the settlement of high value claims. Key to success is the leadership of the team ensuring balanced work allocation, coaching, and ensuring proper controls are implemented and operate.
• Collaborate with other key stakeholders across the business, including but not limited to operations, legal, finance, technology and human resources, in the development and deployment of a comprehensive risk control and safety program, leveraging claim/loss data from the insurance programs to help identify opportunities for preventative measures. Partner with health and safety team to manage driver safety and loss prevention program, as well as support worker's compensation claim management.
• Provide input to Board level materials summarizing the Global Insurance Program. Including the creating and delivering presentations to the Audit Committee where necessary.
• Manage annual budget and insurance budget along with forecasting and managing the self-insurance accruals.
• Develop loss prevention standards to drive continuous improvement efforts for distribution centers, warehouses, and retail locations.