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Director, Insurance & Risk Management
HireTalent
Location not stated
Manager or above
2 months ago
- Risk Management
2 months ago
Not enough detail in this posting to match
Job Duration: 3 months
Job Location: Remote
30 hours a week up to 3 months, could extend but not guaranteed
Complete Description:
- At ***, our mission is to bring health through food to as many people as possible. As a certified B Corp and leading food and beverage company, we operate with a dual commitment to business performance and social impact. The Director, Insurance & Risk Management plays a critical leadership role in protecting *** U.S. and Canada’s people, assets, reputation, and financial strength.
- The Director, Insurance & Risk Management leads the design, implementation, and governance of ***'s insurance and risk management programs. This role is responsible for safeguarding the organization through effective
- risk identification, assessment, mitigation, financing, and transfer strategies.
- Oversees commercial insurance programs, claims management, broker and insurer relationships, and insurance-related support for strategic initiatives, including acquisitions, divestitures, major capital projects, contractual risk
- assessments, and other significant business events. The Director partners closely with Legal, Finance, Operations, Supply Chain, Manufacturing, IT Security, HR, Procurement, Employee Health & Safety, Marketing/Sales,
- Global Risk teams, and other stakeholders to ensure comprehensive risk oversight and alignment with *** global standards.
- As a key member of our team, you will play an important role in driving our mission forward. The responsibilities below outline the core expectations and contributions for this position.
- Develop and execute ***’s insurance strategy, ensuring appropriate protection of company people, assets, operations, and financial strength.
- Lead the design, placement, administration, and ongoing management of insurance and risk transfer programs across multiple business units.
- Manage insurance programs including Property; Commercial General Liability / Excess Umbrella; Product Liability; Auto Liability; Workers’ Compensation; Directors & Officers (D&O); Employment Practices Liability (EPL); Fiduciary Liability; Cyber Insurance; Crime/Fidelity; Environmental Impairment Liability; Marine/Cargo; Product Contamination/Recall; and other specialty coverages.
- Lead local and annual insurance renewals, underwriting submissions, market negotiations, and policy wording reviews; negotiate coverage, pricing, and policy terms with insurers and brokers.
- Partner with global insurance teams of the parent company to optimize coverage structure, limits, deductibles, and total cost of risk.
- Develop and manage the insurance budget, including premium projections, retained claims / self-insured fund contributions, and total cost of risk analysis.
- Analyze market trends and develop renewal strategies that balance risk protection, cost, and business priorities.
- Identify, assess, and prioritize operational and strategic risks with potential insurance, financial, reputational, or business continuity impacts.
- Support enterprise risk management activities as needed, including risk assessments, risk mitigation planning, and leadership reporting.
- Promote a risk-management culture and ensure the business involves Insurance & Risk Management in significant events, crises, transactions, projects, and organizational changes.
- Develop risk policies, insurance-related processes, and claims procedures to support consistent governance across the organization.
- Oversee major insurance claims, including property, casualty, workers’ compensation, and litigation-related insurance matters.
- Coordinate with brokers, carriers, legal counsel, business leaders, operational stakeholders, and other relevant partners to support timely claim resolution.
- Drive loss-prevention initiatives for insurable risks, including property engineering inspections, risk recommendations, and related follow-up actions.
- Coordinate property risk engineering recommendations and support business continuity and operational risk initiatives.
- Monitor claims performance and identify opportunities to reduce frequency, severity, and total cost of risk.
- Review customer, supplier, co-manufacturer, transportation, real estate, commercial, and other third-party agreements for insurance, indemnification, and risk transfer provisions.
- Advise business partners on risk allocation, contractual protections, indemnification, and insurance requirements.
- Provide advice to Procurement, Legal, Sales/Marketing, Logistics, and other internal stakeholders during contract negotiations.
- Partner with Cyber Security and Digital teams to evaluate cyber risk exposures for insurance renewals and broader risk oversight.
- Assess evolving regulatory, operational, technological, and emerging risks that may affect ***.
- Develop insurance and risk solutions for emerging threats in coordination with internal stakeholders and external advisors.
- Support acquisitions, divestitures, joint ventures, integrations, major capital projects, and other strategic initiatives.
- Conduct insurance and risk due diligence and evaluate transaction-specific liabilities and insurance requirements.
- Coordinate warranty and indemnity insurance or other transaction-specific insurance solutions when appropriate.
- Ensure compliance with insurance regulations and internal governance standards.
- Maintain accurate insurance records, certificates, filings, and reporting.
- Prepare management presentations and reports for leadership and global stakeholders.
- Support internal and external audits related to insurance and risk management activities.
- Lead relationships with brokers, carriers, insurers, consultants, and third-party vendors.
- Establish performance expectations and service-level objectives for external partners.
- Collaborate with global *** teams to leverage best practices, market intelligence, and global standards.
Director, Insurance & Risk Management · HireTalent