Corporate Risk Manager Job in Fairfax, Virginia US
JOB DESCRIPTION/RESPONSIBILITIES: COMPANY: Very successful mid cap petrochemical company experiencing double digit growth looking for a Risk/Loss Control Mgr.
JOB DESCRIPTION: Global Corporate Risk/Loss Control Mgr who reports to the CFO to manage a worldwide, comprehensive insurance program to mitigate financial risks associated with certain business activities. Identify exposure, analyze and evaluate risks and manage the purchase of appropriate insurance programs.
1. Collaborate with senior management (CEO, CFO, and General Counsel) to establish acceptable levels of risk to be retained and managed through insurance programs. Annually participate in Audit Committee meeting of the Board.
1. Manage domestic and international insurance programs including developing program design, coverage specifications, claims procedures and metric reporting for program results. Review the insurance provisions of all proposed contracts and leases
2. Develop working relationship with numerous internal business partners to continue gaining experience on exposures and be seen as a subject matter expert for insurance topics.
4. Manage insurance broker and underwriter relationships for continued success during renewal process and throughout policy periods.
5. Submit annual renewals to brokers and underwriters. Approve and process insurance charges and premium invoices.
6. Design and provide training to key employees for handling routine insurance related matters.
7. Report all required losses to Broker and negotiate settlement of all claims under any policies of insurance carried by the Corporation including the settlement of workers compensation claims. Work cooperatively with the Legal department and other departments as necessary throughout the entire process, from claim to settlement.
8. Conduct ongoing review and analysis of corporate exposures associated with current and new activities/business with regard to transportation and product liability and property and business interruption exposures. Research and develop a plan to reduce the number of high cost claims
9. Secure proper certificates of insurance for contractors and other third parties who may visit our sites or that may require evidence if insurance from the corporation.
10. Understand and apply information from the company financial statement to make sound insurance decisions
11. Analyze cost data effectively and apportion costs over the corporate structure appropriately
12. Partner with both internal business groups, brokers and insurance underwriters to deliver best product for the company
13. Understand current and future operations of the company and provide appropriate insurance coverage
JOB REQUIREMENTS
· MUST have manufacturing industry experience
· Demonstrate an in depth understanding of risk assessment and management practices and principles
· Demonstrate a broad understanding of how various coverage will be affected by different exposures
· Demonstrate ability to explain and communicate the details of insurance coverage to non-insurance professionals
· Demonstrate broad familiarity with the insurance companies in the market place, the coverage they offer, their underwriting standards and financial stability.
· Demonstrate in depth knowledge of claims negotiation practices and principles
· Ability to travel to domestic and international locations as needed to foster relationships and manage insurance/risk related issues
- Effective oral and written communication skills and the ability to communicate with all levels in the company and with
YEARS EXPERIENCE REQUIRED: 5-7 years of experience with increasing responsibility supporting manufacturing industry as a risk manager responsible for loss control. Prefer chemical industry
EDUCATION LEVEL REQUIRED: Bachelors degree in Finance, Business Admin or related field; CPCU and ARM preferred.