What are the responsibilities and job description for the Senior Director, Risk Management position at Smithfield Foods?
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A great job-and a great future-awaits you at Smithfield Foods. We are an American food company with a leading position in packaged meats and fresh pork products. We're looking for motivated people who want to join our team and grow lasting and meaningful careers with us. Apply Now!
Our team members receive industry-competitive salaries and are eligible for great benefits packages:
Competitive Pay
Annual Bonus Earning Potential
Comprehensive Health Insurance, Retirement Benefits and More
Education benefit available to full and part time Smithfield team members on their first day of employment.
Open to moving? We will help! Ask about our Relocation Assistance packages!
In addition, we offer opportunities for career growth, professional development, and tuition assistance.
THE VALUE YOU'LL BRING:
The position summary states the general nature and purpose of the job. Overall accountabilities are defined in this section.
As the Senior Director of Risk Management, you'll play a pivotal role in shaping our company's risk strategy! In this dynamic position, you will identify and analyze risks across our global insurance programs, including Property, Casualty, D&O, and more. You will engage with international insurance markets to negotiate optimal coverage and pricing, ensuring the protection of our assets and earnings. With responsibilities that span from developing innovative risk financing strategies to managing our Bermuda-based captive insurance company with over $350 million in assets, you will have the opportunity to implement our Enterprise Risk Management (ERM) program. Collaborate with cross-functional leaders and present vital insights to our senior leadership and Board of Directors, positioning risk management as a competitive advantage. In this position, your strategic thinking and enthusiasm for innovation will guide us as we tackle the challenges of today's business environment!
WHAT YOU'LL DO:
The below statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. May perform other duties as assigned.
Risk Management: Strategically identify exposures, analyze and evaluate risks, and oversee the placement of the Company's global insurance programs, including Property, Casualty, Excess, D&O, Trade Credit, Marine and Aviation programs.
Optimize Insurance Coverage: Engage with worldwide insurance markets to secure optimal structure and pricing for insurance coverage.
Safeguard Company Assets: Formulate and recommend alternative retention levels, limits, and coverage to safeguard the company's assets and earnings.
Strategic Risk Financing: Recommend risk financing alternatives, including management of the company's Bermuda-based captive insurance company.
Leverage Risk: Benchmark organizational metrics against industry standards to leverage risk as a competitive advantage.
Cost Allocation: Design and implement methodologies to accurately allocate the total cost of risk to global business units. Lead the company's risk management program budget focusing on efficiency and effectiveness and develop comprehensive cost containment strategies.
Enterprise Risk Management: Develop, implement and manage a formal corporate-wide Enterprise Risk Management program.
Contract Management: Review insurance provisions of general contracts, leases, customer and vendor agreements to ensure compliance with company's overall risk management strategy
Relationship Management: Cultivate relationships with third-party service providers including insurers, brokers, and actuaries.
Leadership: Drives a positive employee experience through leadership by way of employee development and coaching.
WHAT WE'RE SEEKING:
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. Reasonable accommodations may be made to enable individuals to perform the essential functions.
Bachelor's Degree from an accredited four-year college or university in Business, Finance, Risk Management, or related field and 12 years of relevant experience in Corporate Insurance/Risk Management or related field or equivalent combination of education and experience, required.
5 years of demonstrated experience in team management/development is required.
Strong verbal and written communication skills to effectively communicate with executive leadership.
Ability to work well with others in a fast-paced, dynamic environment.
Energized by collaboration through travel both domestically and internationally. (30% of the time)
OTHER SKILLS THAT MAKE YOU STAND OUT:
ARM (Associate Risk Management) designation is preferred
Relocation Package Available
YesEligible for Company Vehicle
NoEEO Information
Smithfield is an equal opportunity employer committed to workplace diversity. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, gender identity, protected veterans status, status as a disabled individual or any other protected group status or non-job characteristic as directed by law.
If you are an individual with a disability and would like to request a reasonable accommodation for any part of the employment selection process, please call us at 757-357-1595.
Smithfield is an Equal Opportunity/Affirmative Action (EEO/AA) Employer. All qualified applicants will receive consideration without regard to race, color, national origin, sex, sexual orientation, gender identity, religion, age, status as a protected veteran, status as an individual with disability, or any other protected group status or non-job related characteristic as directed by law.
