5 Director of Risk Management Jobs in Lynnfield, MA
The Mom Project is Hiring a Director of Risk Management Near Lynnfield, MA
Department: Treasury
Supervisor Title: GVP, Treasurer
Job SummaryThe position requires technical expertise in corporate risk management and the management of commercial insurance programs.
The Director of Risk Management, reporting to the Treasurer, is responsible for the design, implementation, management, and monitoring of risk transfer, financing, and prevention strategies/programs that minimize the adverse impact of loss on the company and its affiliates. This is accomplished first through the identification of risks which may cause harm to the reputation and/or financial prosperity of the organizations. Risk issues are communicated to management along with recommended strategies for preventing/mitigating losses, transferring the risk of loss to insurers and other third parties, and managing accepted/retained risk. The Director of Risk Management then develops, implements, manages, and monitors programs/strategies to address such risks. While there is heavy emphasis on risk transfer/financing programs provided by commercial insurers, the position also requires evaluation and implementation of other non-insurance strategies that support business objectives.
The Director of Risk Management is also responsible for compliance with insurance and surety bond regulatory requirements in connection with Workers’ Compensation, underground storage tanks, employee welfare plans, and various licensing/permitting processes.
The Director of Risk Management, with the support of the Casualty Claims Manager, is responsible for oversight to ensure that risk management policies, procedures, and practices are implemented throughout the organizations. This involves direct interaction with all levels of management and staff.
Essential Duties And Responsibilities
- Direct insurance brokerage activities in designing, negotiating, implementing, and managing corporate insurance programs.
- Working in conjunction with brokerage/insurer resources and Operations teams, develop Property/Casualty loss prevention/control programs and coordinate implementation/compliance with line management.
- Working with the Casualty Claim Manager, manage all Property/Casualty claims processes.
- Coordinate and participate in onsite insurer engineering surveys at plants and other locations, and facilitate line management response to engineering recommendations.
- Manage plant self-audit loss prevention inspections.
- Prepare and maintain insurance/loss cost analytics and recordkeeping in support of accounting, management reporting, and insurance program audit requirements.
- Develop insurance/loss cost budgets, allocation metrics, and support accounting functions in the allocation of costs/losses to business units.
- Provide technical support to legal department and other business units in developing insurance and other risk control requirements for third party business partners. Develop written contract language outlining such requirements.
- Direct and supervise Casualty Claims Manager position, with responsibility for performance management, evaluation, and accountability.
- Work in close coordination with environmental health & safety, human resources and operations staff in the administration of claims management and other risk control programs and processes. Participate in, and present risk topics at, monthly/annual safety calls and meetings.
- Stay current on evolving risk issues, strategies and solutions and keep management informed as appropriate.
- Work with IT information security risk staff on continued development of cyber security risk programs.
- Manage interdepartmental cyber security committee.
- Other duties as assigned
- Bachelor’s Degree
- 10 years of corporate risk management or other applicable commercial insurance experience.
- CPCU, ARM, insurance brokerage license or other similar professional designations are highly preferred.
- Proficiency in Microsoft Outlook, Excel, Word, and Power Point.
- Strong written/verbal communication and group presentation skills.
- Ability to communicate with all levels of management/staff and ability to independently build relationships and foster teamwork.
- Must be able to analyze, summarize, take initiative, solve problems and drive for results.
- Frequent travel is required.
- Full-time position with 100% in-office workday presence requirement (not a remote or hybrid position).
Job Summary
Full Time
Business Services
$150k-190k (estimate)
06/09/2024
07/07/2024
themomproject.com
CINCINNATI, OH
200 - 500
2015
ALLISON ROBINSON
<$5M
Business Services
Related Companies
The job skills required for Director of Risk Management include Risk Management, Claims Management, Initiative, ARM, Loss Prevention, Negotiating, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Risk Management. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Risk Management. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Director of Risk Management positions, which can be used as a reference in future career path planning. As a Director of Risk Management, it can be promoted into senior positions as a Top Risk Management Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Risk Management. You can explore the career advancement for a Director of Risk Management below and select your interested title to get hiring information.
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