Posted:
8/2/2024, 5:21:01 AM
Location(s):
Illinois, United States
Experience Level(s):
Senior
Field(s):
Finance & Banking
This role is responsible for leading and developing the Risk Management strategy for Chamberlain Group and the Parent Company. The function protects the assets of the organization using a methodical approach of identification, implementation, management and control of known and unknown risks. This includes negotiating insurance placement and coverage terms and conditions, risk transfer, contract reviews, claims management oversight and loss control activities. This position cultivates and manages relationships with third party service providers including brokers, insurers, and consultants. This role regularly interfaces with department personnel at all levels to remain current on business activities and strategic plans to ensure the insurance structure appropriately protects the business exposures.
Identify loss exposures, recommend solutions, direct the structure of insurance programs, and implement approved programs and other risk mitigation strategies
Manage insurance carrier and broker relationships, evaluating market conditions throughout renewal cycle
Research insurance program structures based on company risk profile, risk appetite and market availability; negotiate most favorable terms and conditions at renewal based on appropriate levels of retained liability
Prepare supporting documentation, meet with auditor and review casualty program audit work annually
Provide regular reporting to senior executives and the Audit Committee related to insurance program structure, policy terms, limits and deductibles, loss payments and reserves, and overall cost of risk
Manage end-to-end claim process for all insurance policies (e.g. D&O, Worker’s Comp, Auto, Property and Casualty, Employment Practices, Cyber, Fiduciary, Crime, etc.); manage relationship with all insurance carriers, brokers, third party administrators and legal counsels
Implement and manage all aspects of the Business Continuity Plan including administration of company-wide BCP programs, performance of periodic system reviews and maintenance of best practices
Develop and maintain insurance budget for all lines of coverage
Perform risk due diligence and integration for all acquisitions and investment opportunities
Maintain awareness of emerging risks and market responses to these risks including insurance products and risk transfer vehicles; evaluate and propose options to management as appropriate; improve overall health and safety outcomes of the organization as part of Chamberlain Group’s Global Safety Council
Respond to company personnel requests to provide insurance certificates and auto ID cards; provide insurance resources to company personnel
Comply with health and safety guidelines and rules; managers should also ensure compliance across their teams.
Protect Chamberlain Group’s reputation by keeping information confidential.
Maintain professional and technical knowledge by attending educational workshops, reading professional publications, establishing personal networks, and participating in professional societies.
Contribute to the team effort by accomplishing related results and participating on projects as needed.
Motivate and lead a high performance team by attracting, developing, engaging and retaining team members
Drive the performance management and compensation processes by communicating job expectations, monitoring and evaluating performance, providing feedback and facilitating employee development per the company’s policies
Maintain transparent communication by appropriately communicating organization information to team through department meetings, one-on-one meetings, appropriate email, IM and regular interpersonal communications
Lead and motivate individuals and teams to create a workplace culture that is consistent with the Chamberlain Group mission, vision and values.
Qualifications:
Bachelor's Degree; ARM required
10-15 years of progressive experience in the fields of insurance or risk management
Ability to establish and maintain relationships with key underwriters, brokers, and other service providers; Must possess strong problem identification & resolution capabilities along with strong & professional judgment & decision making abilities
Ability to travel up to 15%, both international and/or domestic travel may be required
Preferred Qualifications:
Proficiency in fusion software
#LI-Hybrid
Chamberlain Group wants all of its employees to succeed and encourages people of all backgrounds to apply. We’re proud to be an Equal Opportunity Employer, and you’ll be considered for this role regardless of race, color, religion, sex, national origin, age, sexual orientation, ancestry; marital, disabled or veteran status. We’re committed to fostering an environment where people of all lived experiences feel welcome.
Persons with disabilities who anticipate needing accommodations for any part of the application process may contact, in confidence [email protected].
NOTE: Staffing agencies, headhunters, recruiters, and/or placement agencies, please do not contact our hiring managers directly.
Website: https://www.chamberlaingroup.com/
Headquarter Location: Elmhurst, Illinois, United States
Employee Count: 5001-10000
Year Founded: 1954
IPO Status: Private
Industries: Manufacturing ⋅ Security ⋅ Smart Home