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Director of Risk Management

3 months ago


Providence, United States Planet Professional Full time

Job Title: Director, Risk Management

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.

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 TPAs

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 brokers 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: Bachelors 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