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OmniTRAX, Inc. · 1 month ago

Senior Director Risk Management

Cherry Creek, CO

Contract

Onsite

Director/Executive

$221K/yr - $221K/yr

8+ years exp

OmniTRAX, Inc. is a company focused on risk management, and they are seeking a Senior Director of Risk Management to direct their risk management function across all lines of business. The role involves developing risk management strategies, ensuring compliance with regulations, and managing relationships with insurance providers to minimize the company’s exposure to various risks.

LogisticsTransportation

Responsibilities

Develop, monitor, direct and maintain risk management functions organization-wide to minimize the Company’s exposure to insurable risks

Serves as the primary resource to establish standards and procedures to ensure compliance with all applicable industry laws and regulations

Create and implement organization-wide overall risk management strategy to reduce and mitigate exposure to risk in operations, property, casualty and other areas

Monitor and analyze risks within the Company’s business units; identify risks, establish internal controls, and implement mitigation factors; report to senior executives

Develop and conduct risk assessments and analysis of the performance of risk management programs and processes; identify continuous process improvements; implement best practices

Oversee and manage the collection, monitoring and reporting of risk event data to ensure compliance to internal and regulatory reporting needs and requirements

Ensure compliance with laws and regulations that affect the organization through compliance reviews, other oversight activities and consulting with management as necessary; proactively track and identify compliance issues and regulatory developments to allow adequate time to implement necessary changes to policies and procedures

Oversee the selection and management of ongoing relationships with insurance providers to reduce costs; ensure satisfactory standards of service; work with family office and senior management, brokers, captive administrator and actuaries to develop a risk financing strategy utilizing insurance and alternative financing options; assist with design, marketing and implementation of insurance programs

Effectively communicate the risk characteristics of Company to: brokers, underwriters, insurers, and reinsurers in order to differentiate ourselves, allay insurer concerns and to reduce insurance costs

Manage renewal process including collection of exposure data and other information required for carrier submissions

Manage selection of and relationship with property and casualty brokers, insurers, and third-party administrator

Communicate insurance premiums and estimated losses, when deductibles/retentions are significant, to operating company budget departments and to corporate accounting for accrual purposes; assist with equitable allocation of shared insurance costs

Coordinate management and tracking of all open claims (including affiliate company claims) utilizing third-party administrators and Nurse Case Managers as needed; working with Risk Analysts to develop and establish policies and procedures which support the company’s risk management objectives; assisting with implementation of Insurance Receivables process among Accounting, Risk Management, and Field Operations

Manage, monitor and evaluate cost effectiveness of all insurance policies across the organization including, but not limited to: property and casualty, general and product liability, directors’ and officers’ liability

Work with legal department to manage litigated claims toward successful resolution; evaluate and minimize contractual assumption of risk (and maximize contractual risk transfer) with customers, vendors, insurers, and service providers

Work with executive team to identify and communicate relevant risks and opportunities, and to establish acceptable risk tolerance levels

Provides consultation and advice to all levels of management through various risk management processes, including: independent review of policies, procedures, practices, controls and documentation

Manage the purchase of all relevant insurance policies for all Company and family related matters

Participate in the development and implementation of loss prevention and safety programs

Maintain current knowledge of insurance and financial marketplace: keep abreast of changing regulatory environment; apprise management of potential impact to company and recommend appropriate actions, as needed

Perform other duties and projects assigned

Assist in creation and management of Company’s ERM program

Provide leadership, mentoring and guidance to team with execution of projects; set performance goals, and provide on-going coaching of employees to achieve career objectives, cultivate a high performance culture; build a leadership pipeline throughout the organization

Set the example, create and lead the culture of mutual respect, cooperation and attention to detail for employees to deliver profitable execution on business goals

Qualification

Risk management strategyRegulatory complianceInsurance managementProject managementAnalytical skillsFinancial analysisLeadership skillsMicrosoft Office SuiteInterpersonal skillsCommunication skillsTime managementCreative thinkingTeam mentoringProblem-solving

Required

Bachelor's Degree in Business Administration, Finance or related field

8+ years progressively more responsible risk management experience with strategy experience

2-4+ year supervisory experience

Strong knowledge of brokerage industry and financial advisor reward, compensation, and incentive programs

Read and interpret documents such as policies, proposals, claims, and standard operating procedures

Read, analyze, and interpret general business periodicals, professional journals, technical procedures, and/or governmental regulations

Write reports and business correspondence, policies, renewals and proposals

Effectively present information to C-Team and departments

Create and effectively manage administrative budgets; develop business performance measures to evaluate productivity

Manage large projects and ensure that there is a clear line of communication through the organization

Strong leadership and mentoring skills: build a high-performance team that meets or exceeds goals

Exceptional project management skills: managing complex projects in diverse environments

Organized, self-motivated and multi-tasker

Creative, “out of the box” thinker for innovative solutions and savings strategies: excellent analytical, critical thinking and problem-solving skills

Strong time management skills: work under pressure and meet assigned deadlines

Effective interpersonal skills and relationship management skills: dealing with challenging situations, navigating disagreement, and negotiation at different levels in the organization

Excellent verbal and written communication skills; effectively converse with all levels of the company, customers and business associates

Intermediate computer skills in Microsoft Office Suite; advance Excel skills

Professional integrity and accountability

Work in fast-paced, collaborative environment