Director Insurance Risk Management

About the role

The Director of Risk Management and Insurance is responsible for the strategic planning, development, and implementation of the Company’s Property & Casualty insurance programs. The Director is responsible for identifying and evaluating current and potential risks, risk mitigating strategies, and ensuring that the organization is adequately protected. The Director will be responsible for the creation and evaluation of risk retention and transfer strategies as well as leading broker and insurance vendor relationships, and achieving premium spend objective. The Director will work closely with senior leadership to align risk management strategies with overall business objectives.

Responsibilities

• Strategically design and execute property, casualty and executive risk insurance to adequately protect the Company’s assets while proactively considering changes in the market and in the Company’s portfolio.
• Oversee the procurement of insurance policies and manage relationships with brokers, insurance providers, and various related vendors.
• Ensure timely renewal of insurance policies and adjust coverage as necessary to reflect changes in the organization.
• Collaborate cross-functionally across the enterprise to develop and implement robust risk management strategies, ensuring the protection of the company's assets and mitigation of potential threats.
• Communicate the organization’s risk management strategy and insurance portfolio through reports and presentations to senior leadership and across the company as needed, ensuring transparency and informed decision-making.
• Leverage data analytics and digital tools to improve data quality and drive towards digital transformation.
• Lead and develop a high-performing team of risk manager(s), fostering collaboration to achieve strategic treasury objectives.
• Partner with senior leadership and other Treasury Directors, including the Claims Director, to align strategies, enhance financial risk management, and streamline processes, ensuring cohesive and optimized treasury operations.
• Hold ultimate responsibility for the issuance and management of necessary insurance documentation and the thorough review of insurance terms within the Company's contracts, ensuring compliance and adequate coverage to protect the organization's interests.

Qualifications & Requirements

• Bachelor’s degree is required (Finance, Risk Management, Economics, Accounting, or related major preferred).
• Minimum of 7 years of progressively responsible experience in corporate risk management, insurance brokerage, insurance carrier operations, and/or risk consulting environments. Strong preference for candidates currently employed by: Property & Casualty insurance carriers, Global or regional insurance brokerage firms, Risk management consulting firms, Large multinational corporations with complex risk management and insurance programs.
• Demonstrated experience designing, placing, negotiating, and managing complex Property & Casualty insurance programs, including casualty, property, executive risk, and related coverages.
• Experience leading relationships with insurance brokers, underwriters, carriers, and other insurance service providers.
• Proven expertise in risk financing, insurance program structure, policy negotiation, premium optimization, and risk transfer strategies.
• Experience supporting large, multi-location, global, or highly matrixed organizations preferred.
• Strong understanding of insurance markets, underwriting processes, claims trends, and evolving risk exposures.
• Prior leadership experience managing teams and influencing senior executives across finance, treasury, legal, operations, and procurement functions.