Job Details

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:

• Assist 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.

Supervisory Responsibilities:

This position may have direct reports. Manages staff and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and/or Experience:

• Bachelor's degree in Risk Management, Finance, Business Administration, or a related field.
• 5-7 years of experience in corporate insurance, risk management, brokerage, or related discipline.
• Strong knowledge of Executive Risk (D&O, EPL, Fiduciary), property, casualty, liability, cyber, and other corporate insurance lines.
• Excellent communication and relationship-building skills across various organizational levels.
• Proven ability to manage multiple priorities and work collaboratively in a cross-functional environment.

Certificates, Licenses, Registrations:

• None Required

Work Complexity:

Problems and issues faced are moderately complex. Problems typically impact own department and maybe other departments. Problems are typically solved through drawing from prior experience and analysis of issues.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is normally performed in a typical interior office work environment which does not subject the employee to any hazardous or unpleasant elements. The noise level in the work environment is usually moderate.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds.

Equal Employment Opportunity:

The company is committed to providing equal employment opportunities to all employees and applicants without regard to race, ethnicity, color, sex, marital status, sexual orientation, gender identity or expression, pregnancy, religion, national origin, age (40 and over), disability, military status, genetic information, or any other basis protected by applicable federal, state, or local laws.

Americans with Disabilities Act:

Applicants as well as employees who are or become disabled must be able to satisfactorily perform the essential job functions of the position either with or without reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall review reasonable accommodations on a case-by-case basis in accordance with applicable law.

Job Responsibilities:

The statements reflect the general duties and responsibilities considered necessary to perform the essential functions of the job and should not be considered as an all-inclusive list of all the work requirements of the position. The company may change the specific job duties with or without prior notice based on the needs of the organization.

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