Risk Manager
Donaldson · Bloomington, MN · 3 wk 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.