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Director, Corporate Risk Management

4 months ago

Providence, United States Planet Professional Full time

Job Title: Director, Corporate Risk Management

Salary: 175-190k plus 20% bonus

Job Location: Providence, RI

Hybrid: 2-3 days/week onsite


Industry/Company Size: Global, $3 Billion+ in revenue, publicly held company that owns and operates slot machines and other games for casinos. Also have a sports book and lottery groups. Have offices in Providence, RI...Las Vegas...and Rome, Italy.

Why Open: Person in role is retiring and will be leaving the company in March 2025. Would like to hire his replacement and then have cross training before he officially retires.

Required:

7-10+ years experience in Risk Management (corporate risk experience and management of large insurance programs)

Global/international company experience

Someone who is a licensed broker/producer or willingness to become licensed

Supervisory experience (will manage a team of 2, a Risk Manager and Risk Analyst)

Willingness to travel as needed. Will likely be about 10% travel but could be higher based on business needs and will include international travel (London & Italy)


Job info: The Director, Risk Management reports to the SVP & Group Treasurer and will be responsible for managing company's risk through insurance programs. Will oversee a team of 2, a Risk Manager and a Risk Analyst. This is a highly visible position and will have interaction with senior executives.


POSITION DESCRIPTION


JOB TITLE: Director Risk Management


REPORTS TO: SVP and Group Treasurer


Overview:

We are seeking a self-motivated individual to join our fast-paced global team. As Director of Risk Management, you will play an important role and will have an opportunity for future career growth. This position will be based in Providence, RI and have a global reach, collaborating with a host of diverse constituencies around the globe. This position provides guidance and recommendations and executes variety of risk management related activities including insurance programs, surety programs/operations, claims management, brokerage management, coordinating and maintaining extensive internal and external relationships, and other duties as assigned.


Primary Activities and Responsibilities:

• Prepare and manage an annual insurance budget greater than $20M

• Prepare, analyze, and manage insurance claim accruals greater than $5M

• Manage monthly forecasting process & communications with Treasury and Accounting leadership

• Provide oversight of P&C claims administration that is being provided by insurers and TPA’s

• Manage a large multi-national surety program of more than $1B in capacity which requires the candidate to have, or be willing to obtain, a commercial insurance broker’s license.

  • • Support M&A and Business Development activity including frequent RFPs for our international; Lottery business Manage external partnerships including brokers, insurers, consultants, surety companies, etcetera

• Provide support for internal expense reviews and monthly financial close

• Manage all insurance renewal cycles (multiple times in the year)

• Monitor and respond to inquiries from sites and internal departments related to insurance and surety

• Liaise with internal departments (e.g. FP&A, Accounting, Legal, Tax, International Sites, IT, Business Proposals, Account Development Managers, etc.)



Qualifications:

• Education: Bachelor’s degree in business administration, finance or related area required

• Minimum of 7 years’ experience managing large multi-national insurance related programs. Experience can include: Corporate Risk Management, Commercial Insurance Broker, Multiline Insurance Underwriter, etc.

  • • Experience managing a large surety program is a plus Comfortable working in a fast-paced environment and the ability to multi-task as necessary
  • • Excellent written and verbal communication skills, and the ability to effectively interact with senior management and individuals with varying degrees of insurance/surety knowledge Proficiency with Excel, Word, Power Point and Access
  • Motivated self-starter with a logical, practical, and creative mindset
  • Strong analytical and research skills
  • Strong team player; willingness to listen and act on feedback
  • Attention, to detail and strong organizational skills, are a must
  • Insurance Brokers License: Required and/or Ability to Acquire