Enterprise Risk Manager

**** Please note, this role requires hybrid in-office work based in our Irving, Texas Support Center Monday - Thursday, and offers work from home on Fridays****

The Manager – Enterprise Risk manages and coordinates Michaels’ claim-related activities (e.g., General Liability, Worker's Compensation, Property, Auto, etc.), developing and driving post-loss reduction strategies. This position is expected to identify, evaluate, and quantify significant risks, opportunities, and trends for Michaels leadership and assist in addressing them. The Manager – Enterprise Risk oversees claims administration, claims management, and implementation of appropriate policies and procedures.

In addition, the Manager – Enterprise Risk manages our relationships with third-party providers.

• Work closely with Third Party Administrator (TPA) on GL, WC claims reporting, managed care, pharmacy management, and legal management and settlement. Review loss runs monthly for opportunities for closure and expense reserve adjustments.
• Conduct regular (but not less than quarterly) claim reviews with third-party administrator (TPA) and broker claims control consultant.
• Has oversight responsibility for working with TPA in communicating with carriers in putting them on notice when claims meet recording requirements from the insurance policy.
• Maintain prompt claim reporting procedures and provide appropriate training to team members handling claims and injury counselor roles.
• Ensure that computer reporting and tracking systems are properly utilized, maintained, updated, and backed up.
• Supervise and drive communication with injured team members to bring about claims closure and appropriate medical treatment and facilitate their return to work following injury, working with all parties involved.
• Oversee the management of legacy claims.
• Coordinate organizational response to injured third parties.
• Collaborate with legal counsel on pertinent claims matters and pursue subrogation where appropriate.
• Partner with in-house counsel on litigated risk matters.
• Represent the company in claims matters; attend depositions, mediations, and trials, representing the company as necessary.
• Work with Financial Accounting monthly on store chargebacks and credits for claims.
• Ensure that all state-required notices (e.g., Worker's Compensation) are issued for postings upon annual renewal.
• Work with third-party actuary in providing information to develop appropriate reserves for company accruals and overall performance assessment.
• Coordinate and complete property loss claims as necessary.
• Manage claim-related discovery requests.
• Manage Certificate of Insurance requirements.

• Maintain awareness of pertinent legislative activity through professional and trade journals and organizations like the Risk and Insurance Management Society (RIMS).
• Supervise, train, and develop a team of high-performing team members to provide top-quality service to our customers, team members, and TPA business partners.
• Develop Standard Operating Procedures (SOPs) for the stores and other corporate facilities to support requirements and processes for claims administration and other risk-related requirements.
• Develop and maintain monthly organizational reporting reflecting performance results.
• Participate in Benchmarking/Best Practices sessions to reduce costs and manage risk.
• Establish and monitor litigation management/defense attorney contacts.
• Timely accounting and processing of all invoices.
• Trains and develops a team of risk coordinators.
• Conduct regular training with business partners with respect to the proper handling of incidents and claims.
• Assist with the preparation of materials for the Audit Committee of the Board of Directors.

• Work with Safety Manager to initiate accident investigations following unique incidents and make recommendations for process improvement.
• Work with Safety Manager on the development and implementation of safety-related training for management and team members, ensuring injury prevention and regulatory compliance.
• Partner with the Regulatory Compliance Manager in providing timely product-related injuries…