Corporate Vice President Risk Management

SUMMARY:

The VP Risk Management is responsible for managing all aspects of casualty insurance, workers compensation, safety and general liability programs.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Prepares annual underwriting submissions for all insurance programs; completing applications, compiling loss runs and gathering other information as requested.
• Establish a strong presence in operations by working closely with hotel/casino senior management team in support of Safety and Risk Management initiatives.
• Evaluate adequacy of limits and appropriateness of retentions/deductibles.
• Conduct cost/benefit analysis of program alternatives.
• Negotiate policy purchases/renewals.
• Prepare the annual budget by line of insurance and assist in the appropriate allocation of operating units.
• Research with internal departments the existence of agreements, contracts, and certificates of insurance in such matters.
• Analyzes loss/claims experience to identify trends and make recommendations for improvement.
• Work closely with properties to assure high quality service for carrier’s loss control teams.
• Coordinate insurance communications with specified business units.
• Ensure a uniform approach in developing consistent risk management policies and programs.
• Work closely with proper safety and workers compensation programs to determine trends.
• Ensure the property’s safety and workers compensation programs are maintained and audited on a periodic basis.
• Work with insurance carrier to ensure effective claim management and reserving of all claims.
• Litigation management in conjunction with insurance carrier & SVP Law and Administration & Secretary.

SUPERVISORY RESPONSIBILITIES

Directs the Risk Management department. Responsibilities include, but are not limited to, hiring and training staff; 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 duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

All Employees must be knowledgeable to all Company policies and procedures, including fire and safety regulations.

Must be willing to travel, as needed

EDUCATION and/or EXPERIENCE

Bachelors’ Degree required, preferably in Business Administration. MBA or related advanced degree is preferred.

Eight or more years relevant Risk Management experience in the gaming industry, with increasing levels of responsibility and supervision (5 years minimum leadership/management experience).

CERTIFICATES, LICENSES, REGISTRATIONS

Must possess and be able to maintain the applicable regional Gaming card(s) and/or License(s), if any.