What are the responsibilities and job description for the Director of Risk Management position at Mai Placement?
Director of Risk Management
Hybrid – Spring Valley, NY
$225-275
Job Summary:
The Director of Risk Management is responsible for developing and implementing comprehensive risk management strategies to minimize potential losses and ensure compliance with regulatory requirements. This role plays a crucial part in reducing financial and operational risks, particularly those associated with workplace injuries. The ideal candidate will have extensive experience in risk management, strong leadership skills, and a proven track record in managing claims effectively.
Supervisory Responsibilities:
- Oversees direct reports, providing leadership, guidance, and performance management.
Key Responsibilities:
- Develop and implement programs to reduce workplace injuries and accidents, including safety training and workshops.
- Conduct regular risk assessments and audits to identify potential workplace risks, analyze injury trends, and evaluate safety protocols.
- Work closely with clients to tailor risk management strategies, offering expert advice on best practices.
- Ensure compliance with local, state, and federal workplace safety and workers’ compensation regulations.
- Utilize risk management software tools for tracking, analyzing, and reporting risk data; oversee the implementation of new software solutions.
- Provide leadership to the risk management team, fostering a culture of accountability and continuous improvement.
- Build and maintain relationships with insurance carriers, brokers, and external partners to optimize loss control and minimize workplace injuries.
- Analyze loss trends to identify opportunities for process improvement and cost reduction.
- Prepare reports and presentations for senior management on risk management and loss control matters.
- Stay updated on emerging trends, best practices, and regulatory changes in the risk management and insurance industries.
- Perform other duties as assigned.
Qualifications & Experience:
- Education: Bachelor's degree in risk management, insurance, business administration, or a related field; Master’s degree preferred.
- Experience: Minimum of 5-10 years in workers' compensation risk management.
- Certified Risk Manager (CRM) preferred.
- Strong knowledge of risk management principles and insurance products.
- Expertise in Workers’ Compensation and Employer’s Liability; familiarity with Code Rule 59 and Code Rule 60 preferred.
- Advanced understanding of insurance principles and regulatory requirements.
- Excellent analytical, problem-solving, and decision-making skills.
- Exceptional communication, negotiation, and leadership abilities.
- Ability to manage multiple priorities in a fast-paced environment.
- Proficiency in risk management software and Microsoft Office Suite.
- Strong organizational and time management skills.
- Ability to interpret financial data and market trends.
- Travel required.
Email: Baila@maiplacement.com
Job Type: Full-time
Pay: $225,000.00 - $275,000.00 per year
Schedule:
- 8 hour shift
Work Location: Hybrid remote in Spring Valley, NY 10977
Salary : $225,000 - $275,000
