Director of Risk Management

This is a fully remote position, open to applicants in California.

📋 Description

• Evaluate and manage the corporate risks of the company.

• Establish criteria for reviewing and negotiating insurance clauses in contracts.

• Lead negotiations for significant contracts.

• Procure and renew corporate insurance policies.

• Create, assess, and implement best practices in risk management.

• Formulate, execute, and monitor risk management policies.

• Supervise the corporate audit program.

• Develop and oversee the corporate insurance budget.

• Create and maintain procedural manuals for risk management.

• Implement and uphold record-keeping systems for risk and legal documents.

• Collaborate with senior management to identify risk strategies and corporate initiatives.

• Identify, secure, renew, and manage commercial insurance coverage.

• Monitor insurance policies and relay coverage information to staff.

• Oversee insurance renewals, brokers, insurers, and claims processes.

• Coordinate investigations of losses and improvements for loss prevention.

• Manage certificates of insurance and verify contractual obligations.

• Negotiate insurance programs and review policies for precision.

• Prepare submissions for underwriting and gather necessary underwriting data.

• Analyze claims expenses and devise strategies to enhance risk performance.

• Collaborate with senior management and legal advisors on claims administration.

• Identify lessons learned from claims and formulate strategies for risk reduction.

• Maintain systems for allocating risk management costs.

• Analyze historical data and project potential loss levels.

• Work with insurers to establish reserves for known exposures.

• Lead efforts in disaster recovery, business continuity, and local safety committees.

• Stay informed on regulatory changes and adjust risk management processes accordingly.

• Perform additional duties as assigned.

⛳️ Requirements

• Bachelor's Degree in Risk Management, Finance, or a related field.

• A minimum of ten (10) years of experience in a leadership role within Risk Management.

• Proficiency in assessing risks accurately and creating programs, processes, and controls for risk management and loss mitigation.

• Experience across all lines of coverage, direct claims accountability, oversight of insurance transactions, and management of insurance broker relationships.

• Previous experience working for a broker is required.

• Ability to collaborate with others on projects, whether as a team member or leader.

• Exceptional communication and conflict resolution skills.

• Strong interpersonal skills for maintaining relationships with brokers, insurers, vendors, clients, and all employee levels.

• Outstanding contract review and negotiation capabilities.

• Proven skills in project planning, decision-making, delivering results, and team development.

• Adaptability to assignments and responsiveness to the needs of the company and clients.

• A strong commitment to ethical conduct.

🏝️ Benefits

• Competitive salary and performance-based bonuses.

• Comprehensive health insurance plans.

• Retirement savings plans with company matching contributions.

• Generous paid time off and holiday policies.

• Opportunities for professional development and continuing education.