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Vice President of Risk Oversight
2 months ago
SUMMARY:
The Vice President of Risk Oversight is accountable for overseeing all facets of insurance, workers' compensation, safety, and general liability initiatives.
KEY RESPONSIBILITIES:
- Prepare annual submissions for underwriting across all insurance programs, including application completion, loss run compilation, and information gathering as required.
- Establish a robust presence within operations by collaborating closely with the senior management team to support Safety and Risk Oversight initiatives.
- Assess the adequacy of coverage limits and the suitability of retentions/deductibles.
- Conduct cost-benefit analyses of alternative programs.
- Negotiate the purchase and renewal of policies.
- Develop the annual budget by insurance line and assist in the proper allocation across operating units.
- Investigate the existence of agreements, contracts, and certificates of insurance with internal departments.
- Analyze loss and claims data to identify trends and propose recommendations for enhancements.
- Collaborate with properties to ensure high-quality service from the carrier's loss control teams.
- Coordinate insurance communications with designated business units.
- Ensure a standardized approach in formulating consistent risk management policies and programs.
- Work closely with safety and workers' compensation programs to identify trends.
- Ensure that the safety and workers' compensation programs at properties are maintained and periodically audited.
- Collaborate with insurance carriers to ensure effective claims management and reserving of all claims.
- Manage litigation in conjunction with the insurance carrier and senior legal administration.
SUPERVISORY DUTIES:
Leads the Risk Management department, which includes hiring and training staff, planning and directing work, evaluating performance, rewarding and disciplining employees, and addressing complaints and resolving issues.
QUALIFICATIONS:
To excel in this role, an individual must successfully perform each essential duty. The requirements outlined below represent the knowledge, skills, and abilities required.
All employees must be familiar with all company policies and procedures, including fire and safety regulations.
EDUCATION AND EXPERIENCE:
A Bachelor's Degree is required, preferably in Business Administration. An MBA or related advanced degree is preferred.
A minimum of eight years of relevant Risk Management experience in the gaming sector, with progressively increasing levels of responsibility and supervision (at least five years in leadership/management roles).
CERTIFICATIONS AND LICENSES:
Must possess and maintain the applicable regional gaming card(s) and/or license(s), if required.
LANGUAGE SKILLS:
Must be proficient in English, capable of reading and writing simple lists, interoffice memorandums, and business correspondence.
MATHEMATICAL SKILLS:
Ability to perform basic arithmetic operations using whole numbers, common fractions, and decimals.
COMPUTER SKILLS:
Proficient in Microsoft Office products.
DISCLAIMER:
This job posting is intended to outline the general nature of this position and is not an exhaustive list of all responsibilities, duties, and skills required. Employee benefits may vary based on location, position, length of service, and employment status.
Final candidates will be required to complete a drug test and background check. Many positions will require a state gaming license. Affinity Gaming is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, national origin, gender, age, religion, disability, sexual orientation, veteran status, or marital status.
