Jobs · Finance · New Jersey

Senior Director, Global Risk and Claims Management

Avis Budget Group · Parsippany, NJ · 2 wk ago
Finance$170k–$225k/yrFull-time

About the role

The Senior Director, Global Risk & Claims Management is a strategic leadership role responsible for overseeing the company’s global risk management, insurance programs, and corporate auto liability claims function. Reporting to the SVP of Corporate Finance, this role will lead a comprehensive risk and claims organization, ensuring effective risk transfer, claims management, cost control, and regulatory compliance across the enterprise.

Responsibilities

  • Lead the design and execution of the company’s global risk management strategy
  • Oversee all global insurance placements, including property & casualty, cyber, environmental, and executive risk lines
  • Manage relationships with brokers, insurers, and external partners
  • Assess and quantify risk related to new business initiatives and strategic investments
  • Review contracts to ensure alignment with company risk tolerance and exposure guidelines
  • Oversee global actuarial reserving across auto liability, general liability, workers’ compensation, and related programs
  • Manage budgeting, forecasting, and allocation of insurance costs
  • Oversee the performance and profitability of offshore captive insurance entities
  • Provide executive reporting and insights on risk exposure, claims trends, and cost drivers
  • Work with Revenue Management Team to create, price, and monitor insurance and damage waiver products globally
  • Oversee end-to-end corporate auto liability claims management, from incident reporting through resolution
  • Ensure proper investigation, liability assessment, reserving, and settlement strategies for all claims
  • Lead oversight of Third Party Administrators (TPAs), including reserve approvals and settlement authority
  • Partner with legal counsel on litigated claims and defense strategies
  • Oversee workers’ compensation claims in partnership with safety and operations teams
  • Drive continuous improvement in claims handling, cost containment, and cycle times
  • Ensure compliance with all applicable global, federal, and state regulations related to insurance and claims
  • Oversee ancillary insurance programs, licensing, and regulatory requirements
  • Partner with internal and external auditors to support audit and SOX compliance
  • Maintain strong internal controls and documentation standards across all programs
  • Develop and utilize AI tools to assist in the analytics of claims and risk trends to identify opportunities for cost reduction and risk mitigation
  • Deliver regular executive reporting on claims performance, insurance costs, and risk exposure
  • Build and lead a high-performing team across risk management and claims functions
  • Establish best practices, KPIs, and performance metrics for both functions
  • Provide guidance and training on claims reporting and risk awareness across the organization

Requirements

  • Bachelor’s degree in Risk Management, Finance, Business Administration, or related field
  • 10+ years of experience in corporate risk management, insurance, and/or claims leadership
  • Deep expertise in insurance programs, auto liability claims, and regulatory environments
  • Strong understanding of actuarial concepts, reserving, and captive insurance structures
  • Proven leadership experience managing complex, global functions and teams
  • Strong analytical, financial, and problem-solving skills
  • Excellent negotiation, communication, and stakeholder management abilities
  • Experience working with TPAs, brokers, insurers, and legal counsel

Qualifications

  • ARM, CPCU, or similar professional designation preferred

Benefits

  • Access to Medical, Dental, Vision, Life and Disability insurance
  • Eligible to elect other voluntary benefits including: Group Auto Insurance, Group Home Insurance, Pet Insurance, Legal Assistance, Identity Theft Protection, FSA, Accident Insurance, Critical Illness Insurance, and additional life insurance coverages
  • 401(k) Retirement Plan with company matched contributions
  • Employee discounts, including discounted prices on the purchase of Avis/Budget cars
  • Access to an Employee Assistance Program for services including counseling, financial and legal consultation, referrals for care service and more

Pay

The annual starting salary for this position is between $170,000 – $225,000 annually. Factors that may affect starting pay within this range include geography/market, skills, education, experience, and other qualifications of the successful candidate.

Schedule

N/A

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