Risk Management Director
3 weeks ago
At Indorama Ventures, we are seeking a highly skilled Risk Management Director to join our team in The Woodlands, Texas. As a key member of our global business and insurance team, you will be responsible for directing the day-to-day and strategic functions of risk and insurance management.
The ideal candidate will have a deep understanding of global and American insurance programs, as well as experience in risk placement and reinsurance in the Oil & Gas or chemical industry. In addition, they will possess a high level of finance and accounting understanding.
Key Responsibilities:
- Determine insurable risk and risk retention.
- Manage exposure data.
- Follow up on insurance claims.
- Own insurance policies.
- Set up a robust incidence reporting system.
- Manage premium allocations and payables in a SAP environment.
- Liaise with global and regional insurance and risk teams.
- Help commercial teams review and advise on insurance clauses in contracts.
- Define the placement strategy for all lines of business and monitor its implementation.
- Hold brokers accountable for the delivery of agreed services.
- Liaise with underwriters to achieve desired levels of cover on appropriate commercial terms and/or exploit reinsurer capacity, data, and expertise to maximize protection and cost efficiencies.
- Contribute to the development of IVL's insurance strategy.
- Plan, monitor, manage, and control reports with business operations, ensuring strict delivery of the EHS risk management agenda.
- Build and maintain effective working relationships with other business areas and functions to maximize the effective operation of the team/department/unit.
- Represent IVL externally, taking a leading role in influencing market expectations, direction, standards in line with IVL's best interests and commercial priorities, and promoting IVL as a leading petrochemical client.
- Support process innovation by identifying and implementing new and/or better ways of doing things to improve service and/or efficiency.
- Lead the development and management of strategic relationships with brokers and underwriters, leveraging global group relations.
- Optimize the cost of risk equity and manage the captive insurance function.
What We Offer:
Indorama Ventures is a global and innovative chemical company, offering sustainable and high-value solutions for the long-term success of our customers. As a Risk Management Director, you will receive a competitive salary of $120,000 - $180,000 per year, depending on experience, and be eligible to participate in a comprehensive benefits package, including medical, vision, and dental insurance, basic life insurance, AD&D insurance, and a 401(k) plan. In addition, you will have the opportunity to make an impact and make a difference in the petrochemical industry.
Requirements:
- Minimum of 7 years of experience in an insurer or retail broker working in the Americas.
- Formal professional qualifications in insurance and risk management are highly encouraged.
- Deep understanding of global and American insurance programs.
- Good understanding of risk placement and reinsurance in the Oil & Gas or chemical industry.
- High level of finance and accounting understanding.
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