Director of Risk Management

We are working with a large manufacturing company that is looking for an experienced Director of Risk Management for their team.

The DRM is a key piece of the legal team and will work closely with General Counsel, CFO and other top management team members. The DRM will report to the GC, and will be responsible for managing all aspects of risk with respect to the organization, its employees, reputation, and assets.

Preferred experience is in the manufacturing or industrial asset areas. It is preferred if the DRM is local but it is not a requirement.

Responsibilities

• Responsible for designing, implementing and leading a global risk management strategy for the organization.
• Understands and analyzes complex insurance issues and developing and executing appropriate policies and procedures to mitigate the Company’s exposure to risk and to reduce cost.
• Maintains a leadership role in the tactical execution of all binder requirements, policy renewals and amendments and continual changes in coverage.
• Responds to numerous queries from carriers, brokers, regulatory agencies and corporate stakeholders across the enterprise, providing requested information daily.
• Advises internal stakeholders on workers compensation, auto accidents, general liability, professional liability, property, and cyber-crime claims.
• Ensures the Company is adequately covered and secured across all lines.
• Reviews, researches and finalizes claims within established regulatory requirements and Company policies.
• Reviews provider disputes or appeals and provides a detailed analysis of findings.
• Provides expertise and assistance relative to provider billing and payment guidelines consistent with Company policies and procedures.
• Develops workers compensation incident reduction programs, shepherds injured employees through work restrictions and resolves open workers comp claims.
• Provides leadership with loss run analytics and risk mitigation strategies while anticipating changes in the everchanging and expanding risk landscape.
• Creates and propagates loss run key performance indicators to benchmark risk, rolling out evidence-based risk mitigation initiatives.
• Maintains detailed metrics and dashboards on vehicle accidents, employee injuries, workers compensation claims, general liability claims and the cost trends associated with each. Utilize data to drive risk mitigation for business units.
• Recommends and implements risk and cost reduction strategies across all lines of insurance
• Manages TPA to rigorous KPIs.
• Leads by way of example and provides outstanding mentorship to junior claims administrators and colleagues.

Ideal Experience

1. Renewals
2. Coverage Negotiation
3. Claims Management
4. Rep. & Warranty Insurance on M & A
5. Analytics
6. Experience with Board presentations on strategy around risk mitigation

• 10+ years of risk management experience in-house as head of risk for a company, preferably in the manufacturing or industrial sectors.
• Strong academic credentials, including Bachelor’s degree.
• Strong verbal and written communication skills; ability to interact at all levels.
• Ability to effectively communicate and create presentations for the Board of Directors and executive leadership teams.
• Ability to distill and communicate complex topics to all stakeholders across the company.
• Demonstrated growth mindset with the desire to learn and proactively seek different views
• Demonstrated claims investigations and negotiating experience.
• Must be self-driven, detail oriented and possess strong organization skills including time-management and prioritization.
• Travel may be required as business needs dictate.
• Drives best in class process and outcomes
• Experienced with managing TPAs efficiently and effectively
• Ability to produce and present effective presentations and training sessions

Critical Competencies

• Financial Acumen – Strong analytical skills, including the ability to distill complexity and quantities of data into actionable insights. An experienced, globally-oriented professional who can ensure a best-in-class process, while focused on accuracy and timeliness.

• Business Partner – Well-developed business acumen and an ability to effectively influence decision-making by drawing on analysis and insight. Skilled at balancing the need to be collaborative with the need to be assertive and directive. Develops a deep commercial knowledge of key business drivers and builds relationships across the enterprise, appropriately balancing business objectives when making judgments on complex topics.

• Leadership and Influencing – Will have well-developed leadership, interpersonal, and communication skills, and a collaborative orientation necessary to thrive in a matrixed and evolving environment, where success depends on partnering with diverse functional and operating colleagues. Proactively builds relationships, communicates in business terms, and can convey complex financial concepts crisply and compellingly. Possesses unquestioned integrity and ethics and brings a strong character that quickly gains the confidence and trust of others. Demonstrates a hands-on, team-oriented, leadership by example, “roll your sleeves up” style and a strong work ethic. Portrays a “can-do” attitude when approaching challenges. Leverages outstanding analytical, interpersonal and communication skills to effectively communicate with senior management and other key stakeholders.

If interested, or know of someone who may be intrigued, please contact David Block at 305-556-8882 ext. 1 or by email at david@hertnerblock.com