Director Risk & Insurance Loc: NJ HYBRID Model
Job Description:
This position will serve as the primary risk and insurance manager for the organization, reporting to the EVP & CFO, with authority to make decisions and recommendations affecting the entire organization. Major responsibilities will include, but will not be limited to, the following:
- Recommend decisions on risk management and coverage cost issues affecting the organization.
- Develop and implement strategic objectives, ensuring effective hazard, environmental, safety and security (typically insurable risks) risk management for the organization and lead key risk stakeholders to proper strategies.
- Own the process of identifying, measuring and managing insurable risks, developing reports and plans, and analyzing risk/insurance problems and defining and/or overseeing the implementation of risk solutions that optimize operations.
- Report findings on risk exposures to EVP & CFO including developing and managing an internal ERM program.
- Direct the purchase of insurance programs, management of claims, and loss control activities.
- Proactively and aggressively manage relationships with third-party service providers including brokers, insurers and other TPAs.
- Lead claims management process for settlement of designated claims
- Prepare loss analyses and budgets, identify exposures, recommend solutions, implement approved programs, promote loss prevention, summarize, and present the same to executive management.
- Update and monitor compliance with insurance procedures and manage safety/risk management manuals.
- Travel to various Client facilities and operational sites as required.
Required Skills:
- Bachelor’s Degree in a related field of study.
- 10-15 years experience in risk management including ERM.
- Strong technical insurance expertise across various causality, insurance, and liability lines
- Ability to perform a variety of tasks with minimal support staff.
- Plan and direct business analysis, risk modeling, and loss prevention programs.
- Management of third-party relationships.
- Strong analytical skills, including the ability to quickly analyze data to generate key insight.
- Proven ability to work in a team environment.
- Excellent written and verbal communication skills, as well as organizational skills.
- Strong business judgment, including the ability to balance resources.
- Experience working for a national corporation at the senior manager or director level is preferred.