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Director of Risk Management
Impact Solutions Deerfield, IL
$133k-169k (estimate)
Full Time | Scientific Services 0 Months Ago
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Impact Solutions is Hiring a Director of Risk Management Near Deerfield, IL

Our mission is to provide clean energy to feed and fuel the world sustainably. Our employees are focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management. By joining , you will be part of a team that brings their varied experiences, wide-ranging knowledge and diverse talents together to deliver important work and you’ll be able to pursue complex, exciting opportunities that help you continue to grow and achieve your potential in different areas. You’ll take pride in working for a company that lives its values and where you can be yourself at work, as part of an authentic team that encourages you to share your views and opinions. Our eight manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy.

Function:

Finance & Accounting

Job Summary:

The Director, Risk Management develops, recommends and administers a risk management program that will effectively protect Company assets at the most economical rates and is keeping with in the objectives established by the Company.

Job Description:

Major Responsibilities:

  • Develops, implements, administers and maintains the Company’s insurance programs including the negotiation of premiums; deductibles/retentions; and terms and conditions
  • Manages insurance broker and underwriter relationships and serves as primary day-to-day point of contact with service providers
  • Supervises third party claims administrator in handling all Auto and General Liability claims; provides authority to adjusters; directs funding for claims payments for all claims including payments for Workers’ Compensation claims
  • Coordinates loss prevention activities at operating facilities
  • Leads the annual Corporate Risk Assessment process to compile senior leadership’s risk identification, scoring and mitigation plans
  • Provides risk management and insurance expertise to operations and staff departments throughout the Company
  • Determines contractual insurance requirements and supervises required periodic reporting
  • Reviews allocation and analysis of insurance charges among operating units and departments
  • Prepares data and provides analysis for insurance program submissions, audits and internal studies

Supervisory Relationships:

  • Position Reports To: VP, Treasury and Investor Relations
  • Subordinate Positions: Risk Analyst, Sr. Risk Analyst

Incumbent Attributes:

  • BS/BA in a related field (Engineering, Finance or Risk Management preferred)
  • Advanced degree and professional accreditations (Associate in Risk Management - ARM, Chartered Property and Casualty Underwriter - CPCU, etc) desirable
  • At least 10 years of professional experience in complex property/casualty claims and policy administration, or commensurate experience in a related field
  • Must be able to interact effectively with management at both corporate and operating unit levels

Position Scope/Contribution:

The Director, Risk Management will be responsible for annual premiums in excess of $40,000,000 a team of 3 risk professionals, and a department budget of $2 million.. The incumbent’s management of risk and claims can have a direct impact on the Company operations and costs. This position deals with all levels of management within the Company and serves as the Company’s representative and intermediary to the risk management and insurance industry (.e.g. brokers, insurers, legal counsel). The role establishes and implements processes and procedures to meet departmental internal controls requirements while ensuring that established processes/procedures are followed as designed. Works with Internal Audit Department to identify deficiencies in existing processes/procedures, the need for new ones, and the extent to which such processes/procedures are being followed. The Director, Risk Management develops and implements corrective actions with regard to department internal controls as necessary.

What We Offer:

You’ll enjoy competitive compensation, consisting of base pay plus an incentive program available to all full-time employees, and a comprehensive benefits package including high-quality healthcare options, a well-being incentive program, 401k, life and disability insurance, generous time off (with time off to volunteer) and much more! Additionally, we offer several Flexible Work Arrangements to support a healthy work-life balance.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Scientific Services

SALARY

$133k-169k (estimate)

POST DATE

05/10/2023

EXPIRATION DATE

06/07/2024

WEBSITE

impact-solutions.co.uk

HEADQUARTERS

GRANGEMOUTH, SCOTLAND

SIZE

25 - 50

FOUNDED

2002

CEO

KEVIN ROSS

REVENUE

<$5M

INDUSTRY

Scientific Services

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The job skills required for Director of Risk Management include Risk Management, Analysis, ARM, Risk Assessment, Loss Prevention, Insurance Industry, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Risk Management. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Risk Management. Select any job title you are interested in and start to search job requirements.

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The following is the career advancement route for Director of Risk Management positions, which can be used as a reference in future career path planning. As a Director of Risk Management, it can be promoted into senior positions as a Top Risk Management Executive that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Director of Risk Management. You can explore the career advancement for a Director of Risk Management below and select your interested title to get hiring information.