Senior Risk Manager

Location: Aurora

Position Overview Under the direction of the Director of Risk Management, the Senior Risk Manager will design, negotiate, manage and maintain International’s global insurance programs. The Senior Risk Manager will lead the enterprise insurance and risk financing programs; assess, quantify, and communicate business risk; develop and execute risk mitigation strategies; and ensure continuity of operations. This position will own the insurance purchasing cycle, manage external partners (brokers, insurers, TPAs), and oversee claims governance while driving measurable reductions in total cost of risk (TCoR).

The position will also provide direction to staff and cross-functional partners; recommend budget and update International’s Insurance Management Policy, as needed.

Responsibilities Manage insurance programs and structures to align insurance coverage with International strategic initiatives and risk appetite

Review and confirm exposure data for insurance program submissions, including General Liability, Workers’ Compensation, Auto Liability, Umbrella/Excess Liability, Foreign Liability and First Party Property insurance coverage, including Business Interruption, for all domestic and foreign locations

Coordinate placement of complicated liability coverages, including Errors & Omissions, Crime, Fiduciary, Dealer Floor Plan, and Special Liability policies

Prepare the analysis of risk financing strategies, retention levels and risk transfer limits

Review policy documentation to ensure accuracy; coordinate with broker and insurance companies, as appropriate, to resolve documentation issues

Develop financial analysis of insurance renewals to facilitate cost comparisons and develop budget estimates for various lines of insurance

Provide oversight of claims management, including Workers’ Compensation, Auto Liability, General Liability, and Property claims. Working with International Motor’s WC claims manager, monitor TPA and carrier performance, analyze loss trends, and drive strategies to reduce total cost of risk and improve claim outcomes

Manage single parent captive insurance company domiciled in Bermuda Prepare data for insurance company audits

Act as a company-wide resource on risk management issues involving promotional events, new business ventures, real estate and contract/vendor issues; responsible for managing, reviewing and negotiating 100 contracts annually as respects risk management

Supervise Risk/Claims Manager

Minimum Requirements Bachelor's degree and at least 6 years of risk management or insurance experience

At least 3 years of lead experienceORMaster's degree and at least 5 years of risk management or insurance experience

At least 3 years of lead experienceORAt least 10 years of risk management or insurance experience

At least 3 years of lead experience

Additional Requirements Qualified candidates, excluding current employees, must be legally authorized on an unrestricted basis (US Citizen, Legal Permanent Resident, Refugee or Asylee) to be employed in the United States. We do not anticipate providing employment related work sponsorship for this position (e.g., H-1B status)
Desired Skills6+ years of prior risk management experience, with at least 3 years of lead Risk Management experience, inclusive of:

- Insurance Placement
- Claims ManagementBA/BS degree required; MBA preferred; insurance designations (Chartered Property/Casualty Underwriter (CPCU) and/or Associate in Risk Management (ARM) desirable

Proficient in Microsoft Word, Excel and Power Point Exceptional  interpersonal and analytical abilities including fully developed written and verbal communication skills

Self-motivated, independent with superior project management skills

Extensive knowledge of Risk Management Information…