Job Description:
Job Description
Position: Director of Insurance / Risk Management
This role is responsible for leading a global portfolio of insurance and ensuring the protection and sustainability of operations worldwide. The position plays a critical role in developing and executing risk management strategies across multiple subsidiaries and markets.
Key Responsibilities
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Lead and manage the global subsidiary portfolio of insurance, including property, excess liability, Directors & Officers (D&O), and cyber insurance.
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Develop and implement comprehensive risk management strategies to support business operations.
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Leverage and manage a captive insurance entity to optimize the overall insurance portfolio.
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Coordinate and manage relationships with insurance brokers and underwriters to ensure effective placements.
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Collaborate with internal teams to support seamless insurance operations and placements.
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Monitor and analyze the insurance market to identify trends, opportunities, and risks.
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Ensure compliance with relevant regulations and standards.
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Provide expert advice and guidance to senior management on insurance and risk management matters.
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Prepare and present reports on insurance and risk management activities to the executive team.
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Deliver efficient and responsive insurance coverage that meets the diverse needs of international operations.
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Ensure strong builder's risk insurance coverage to protect construction and development projects.
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Advise on U.S. market-based risks and insurance considerations for global operations.
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Manage contractor and vendor insurance requirements directly and through third-party vendors.
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Collaborate with internal resources to manage insurance claims.
Qualifications
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Bachelors degree in Business, Finance, Risk Management, or a related field; Masters degree or professional certification (e.g., JD, CPCU, ARM) preferred.
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Minimum of 10 years of experience in insurance and risk management, with a focus on industrials and operations.
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Proven experience managing a diverse portfolio of insurance lines, including property, excess liability, D&O, and cyber insurance.
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Strong knowledge of global insurance underwriting markets across the USA, London, Bermuda, and Asia.
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Expertise in captive insurance entities, particularly Vermont-registered captives.
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Excellent relationship management skills with the ability to coordinate with brokers, underwriters, and internal stakeholders.
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Strong analytical, problem-solving, and strategic thinking skills.
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Excellent communication and presentation abilities.
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Ability to work independently and collaboratively as part of a team.
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Capable of balancing strategic insurance placements with day-to-day claims management responsibilities.