Director, Insurance Risk

Summary

The Insurance Risk Director will play a critical role in implementing and managing the company’s global insurance strategy to mitigate financial, operational, and legal risks. This role ensures appropriate coverage across all business entities and supports strategic decision-making through risk analysis and insurance expertise.

Essential Job Duties And Responsibilities

• Aid in developing and executing the company’s global insurance strategy to ensure comprehensive risk protection.
• Lead the renewal process for all corporate insurance policies, including data collection, risk assessments, and negotiations with brokers and carriers to optimize cost and coverage.
• Collaborate with internal stakeholders to align insurance coverage with business needs and risk appetite.
• Oversee claims management processes, ensuring timely reporting, tracking, and resolution.
• Conduct exposure analysis and benchmarking to maintain appropriate coverage and competitive pricing.
• Monitor regulatory and market developments affecting insurance programs, particularly in key markets.
• Advise business leaders on insurance and risk considerations for new ventures or expansions.
• Manage relationships with brokers, underwriters, and insurance providers.
• Maintain accurate records of insurance policies, certificates, endorsements, and claims; handle related administrative tasks.
• Provide regular reports to senior management on insurance performance, coverage adequacy, claims status, and risk exposure.
• Comply with all company policies and procedures.
• Maintain regular and punctual attendance.

Other Job Duties And Responsibilities

• Performs other related duties as assigned.
• Supervises staff and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.

Qualifications

• Education And/or Experience: Bachelor’s degree in Risk Management, Finance, Business Administration, or a related field. 10 years of experience in corporate insurance, risk management, brokerage, or related discipline.
• Knowledge: Strong knowledge of Executive Risk (D&O, EPL, Fiduciary), property, casualty, liability, cyber, and other corporate insurance lines.
• Skills: Excellent communication and relationship-building skills across various organizational levels. Proven ability to manage multiple priorities and work collaboratively in a cross-functional environment.