Great opportunity with a high growth company! Our client is a multibillion-dollar corporation with corporate headquarters in Rapid City, SD.
This important role manages the corporate insurance program. Establishes, maintains and monitors compliance of insurance and risk management procedures. Prepares loss analyses and budgets, identifies exposures and recommends solutions including cost saving measures and alternative risk transfer concepts. Assists in the identification of insurable and uninsurable business risks and in the development, implementation and administration of insurance coverage or other risk transfer mechanisms to protect the organization. Must have knowledge of all types of insurance coverage including workers’ compensation, automobile, general liability, property, surety, captive, and financial policies. Must be able to analyze contracts and identify compliance with insurance requirements as well as assumption of liability clauses. Interacts with insurance company underwriters, brokers, claims personnel, customers, employees, and other parties.
Manages the corporate insurance program.
Identifies risks and ensures coverage adequacy; classifies risks and measures potential financial impact on Company Drafts and presents information on the insurance program and risk levels to senior management and the board of directors annually and upon request.
Compiles and analyzes underwriting data, summarizes asset and loss information from all properties and divisions prior to renewals.
Develops renewal strategies with brokers or others, negotiates with insurers.
Reviews policies and premiums for accuracy, coordinates payment of premium; assists in allocation of premiums.
Develops specifications, coordinates marketing efforts, and participates in negotiating policy language.
Maintains policy files, premium and loss history, policy lists and other records.
Reviews and maintains engineering inspections and other risk assessments.
Manages the efficacy of the insurance programs, financial solvency of underwriters and provides guidance to management on developing, implementing and revising insurance policies and programs.
Prepares annual Insurance budget.
EDUCATION / KNOWLEDGE / EXPERIENCE REQUIREMENTS
Bachelor’s degree in finance, business, risk management, compliance or an equivalent of education and experience.
Risk Management certification desired.
10 or more years of experience in claims management, underwriting, risk management and/or loss control within the insurance industry or a related field is required.
Current knowledge of insurance and alternative risk transfer procedures.
Basic economic and accounting principles.
Proficiency in Word, Excel, PowerPoint, Outlook.
Knowledge of laws, insurance and risk management processes required.
Knowledge of safety and loss prevention practices desirable.
SKILLS / ABILITY / OTHER CHARACTERISTICS
Ability to understand Company’s assets, liabilities, cash flow, insurance coverages, tax status and financial objectives.
Excellent interpersonal, oral and written communication skills.
Ability to multi-task in a fast-paced environment.
Flexibility, ability to meet deadlines and be proactive.
Analytical, negotiation and organization skills, attention to detail and accuracy.
Ability to prioritize diversified work load.
Some travel involved.
Employer will assist with relocation costs.
About High Growth Public Company
Rolle Schmidt & Associates, Inc. is a professional search firm that focuses on servicing our client’s recruitment needs. We excel at getting to know our clients – their business; their people; and their culture. This results in efficient searches and “RIGHT FIT” placements for our clients and their new employees.
Founded in 1994 in St. Paul, Minnesota, we represent public and privately held entities in a broad variety of industries from coast-to-coast. We have helped our clients build their companies by placing hundreds of qualified candidates in all areas of their business, including accounting, finance, human resources, manufacturing, operations, sales, marketing, information technology, and engineering. Our placements range from entry level to the corner office positions.
Our commitment is to find the best possible candidates for our clients. Our staff uses extensive recruitment tools that allow us to present thoroughly interviewed, referenced and qualified candidates who have expressed a specific interest in the opportunity set forth by you, and who have the necessary skills. Our goal is to establish long-lasting relationships with clients and candidates.