The Director of Risk Management is a strategic business partner directly responsible for protecting the assess and reputation of the Company by ensuring successful operation, coordination, communication and management of a comprehensive, effective and efficient safety and risk management program. The position manages the insurance coverage portfolio, including renewal cycle for all lines of coverage working directly with broker, scope of coverage, tendering of approved claims and reporting.
Build and lead the risk management team in maintaining a world class, cost efficient, risk management finance program that provides value to shareholders by reducing variability to cashflows and impact to the balance sheet
Oversee the management of the following commercial insurance programs: property, casualty, executive risk, cyber security, business travel, surety and other ancillary lines of coverage.
Coordinate all insurance negotiations with insurance brokers, insurers, and other third-party insurance/risk management related vendors such as actuaries to secure competitive and favorable insurance terms and contract certainty. Establish processes to work with service providers to identify and implement best practices.
Coordinate claims activities working with claims management consultants and third-party claims administrators, internal and external legal, and other vendors in effective claims management. Gather information and provide recommendation of reserves and settlements within authority.
Partner with internal facilities, safety, human resources, security and other business units as necessary to implement loss control initiatives and quantify impact of the initiatives in executive-level reporting.
Manage processes for supplier/subcontractor insurance compliance and serves as a technical liaison and resource for internal stakeholders (e.g. legal, contracts, quality groups).
Facilitate field programs to develop high-quality safety projects from conceptualization, developing and planning program goals and determining educational formats and processes.
Develop and maintain updated knowledge of existing and evolving food service risks and their effect on commercial risk transfer program.
Recognized as an authority and prepares and presents ideas and recommendations to colleagues and senior management.
Bachelor’s degree (B.S.) in Business Management, Finance, Accounting, or another business-related field preferred plus nine (9) years risk management experience or equivalent insurance company or insurance broker experience.
Professional designation or license in insurance, risk management, or finance preferred such as Chartered Property Casualty Underwriter (CPCU); Associate in Risk Management (ARM); Certified Risk Manager (CRM); or similar preferred.
Experience managing a risk management staff (5-7 years).
Demonstrated record of successfully partnering with other areas of an organization to drive risk management initiatives (7 years).
Strong communication skills. Ability to communicate effectively both verbally and in writing.
Must be able to interact with and influence individuals at all levels of the organization and outside parties. Serve as corporate representative, presenting professional image with industry or vendor organizations. Maintain effective working relationships with internal/external partners.
Must possess advanced analytical skills and the ability to use business tools such as Excel at least at an intermediate level and a variety of financial/loss reporting or database systems.
Extremely detailed-oriented with the ability to prioritize, organize, and handle competing demands simultaneously while meeting assigned deadlines.
Ability to function effectively with, or as part of, a team. Team-oriented/collaborative focus.