Jobs · Finance · Minnesota

Risk Manager

Donaldson · Bloomington, MN · 2 mo ago
HybridFinance$94k–$122k/yrFull-time

Role Responsibilities

  • Lead day-to-day oversight of workers’ compensation claims within a high-deductible program
  • Manage the third-party administrator (TPA) to drive claim strategy, reserve adequacy, and timely resolution
  • Conduct regular claim reviews, with a focus on large, complex, or litigated claims
  • Collaborate with key stakeholders on return-to-work planning, accommodations, and claim resolution strategies
  • Monitor and report claim trends, identify loss drivers, and recommend actionable improvements
  • Support litigation management, including coordination with defense counsel and internal stakeholders
  • Coordinate with FM Global and partner with internal stakeholders to lead property risk engineering and loss prevention initiatives
  • Manage FM engineering visits, track and prioritize recommendations to ensure timely execution by facility teams, report follow-up activities, and monitor progress
  • Support the placement and renewal of global property and casualty insurance programs
  • Aid in exposure data collection, underwriting submissions, and program analysis
  • Manage certificates of insurance, policy documentation, and related compliance activities
  • Coordinate with brokers and insurers to address coverage questions and policy administration
  • Support M&A due diligence and insurance program integration
  • Review contractual insurance requirements for alignment with risk management standards
  • Support the management of general liability, auto liability, and property claims as needed
  • Assist with claim reporting, investigation coordination, and coverage analysis
  • Partner with internal stakeholders and external partners to facilitate efficient claim resolution
  • Analyze and report claims, exposure, and loss prevention data to identify trends and inform risk management strategy
  • Develop and maintain reports and dashboards related to claims performance and risk metrics
  • Support budgeting, accruals, and total cost of risk analysis

Minimum Qualifications

  • Bachelor’s degree
  • 8+ years of experience in risk management, insurance, or claims administration

Preferred Qualifications

  • Strong knowledge of workers’ compensation claims handling practices
  • Experience managing workers’ compensation programs in a high-deductible or self-insured environment
  • Experience working with third-party administrators (TPAs) and conducting claim reviews
  • Familiarity with FM Global or similar property risk engineering carriers
  • Professional designations such as ARM, CPCU, or similar
  • Excellent analytical, organizational, and communication skills
  • Ability to manage multiple priorities and work effectively across functions

Annual Salary Range

$93,800 – 122,000. Actual salaries will vary based on several factors including, but not limited to applicable work experience, training, education, performance.

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