Director, Risk Mgmt and Insurance

Director, Risk Management & Insurance

Established in 1806 as a small soap and candle business in New York City, Colgate-Palmolive is now a truly global company with products sold in over 200 countries and territories under such internationally recognized brand names as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, Haci Sakir, Suavitel, PCA SKIN, EltaMD, Filorga and Hello as well as Hill's Science Diet and Hill's Prescription Diet. Colgate-Palmolive is a leading consumer products company that serves hundreds of millions of consumers worldwide with brands and products across four core businesses – Oral Care, Personal Care, Home Care and Pet Nutrition. We are committed to offering products that make lives healthier and more enjoyable, and programs that enrich communities around the world. Every day millions of people trust our products to care for themselves and the ones they love. Our goal is to use our technology to create products that will continue to improve the quality of life for our consumers wherever they live. A career at Colgate-Palmolive is an excellent opportunity if you seek a global experience, constant challenge, and development opportunities in an environment that respects work/life effectiveness.

Location: Park Ave New York

Role Summary

The Director of Insurance and Risk Management is responsible for creating comprehensive risk and insurance management policies to safeguard corporate assets and minimize financial exposure. The Director evaluates, develops, implements and administers all Casualty, Property, FinPro and Specialty lines. The Director is also responsible for the management of Colgate's Captive, surety capacity, as well as Merger/Acquisition/Divestiture Due Diligence and the integration or run-off of the insurance policies, supporting the company and its business units. The Director manages the optimal balance between risk, cost, statutory, and contractual requirements.

Responsibilities

• Risk Identification and Assessment: Identify all potential operational, property, liability, and other non-financial risks that could lead to a significant financial loss for the company. Work with business units and external experts to quantify the exposure and determine appropriate level of risk retain and insurance coverage.
• Global Insurance Strategy and Placement: Design, execute, and maintain the company's global insurance and self-insurance programs. Determining the optimal balance between risk transfer and retention. Direct global broker and carrier relationships, negotiate optimal coverage terms and pricing across all lines (Casualty, Property, FinPro, etc.). Oversee the financial management and regulatory compliance of the company's Captive.
• Claims Management and Recovery: Lead complex claims management and subrogation strategies, authorizing settlements and coordinating with Legal and external counsel on litigation resolution. Ensure timely and strict compliance with policy notice provisions to protect coverage, provide comprehensive follow-up for legacy claims, and maintain all administrative records (e.g., policies, certificates of insurance, and proofs of financial responsibility).
• Financial Management: Direct financial analysis of insurance renewals to facilitate cost comparisons and develops budget estimates for various insurance programs. Prepare the annual insurance budget and allocate premiums back to business units in a transparent and equitable manner.
• Contract & M&A Support: Partner with Legal and Operations to refine contract language and review risk-related clauses in agreements, leases, and licenses as well as real estate transactions. Conduct insurance due diligence for mergers and acquisitions.

Required Qualifications

• Bachelor's degree in Risk Management, Finance, Business, or a closely related quantitative field.
• 12+ years of progressive experience in corporate risk management or insurance account management, with a track record in global operations in a large, multinational company
• Expert knowledge of complex claims, commercial insurance products, and international insurance concepts.
• Prior experience in the direct management of a Captive.
• Strong quantitative and financial acumen, including the ability to interpret actuarial analyses and manage departmental budgets.
• Excellent proficiency in translating technical insurance data, risk profiles, and metrics into clear guidance for varied internal audiences.

Preferred Qualifications

• Proficiency in leveraging technology tools to streamline reporting, perform advanced data analysis, and drive process automation.
• Professional designations such as CPCU and / or ARM

Compensation and Benefits

Salary Range $190,000.00 - $215,000.00 USD Pay is determined based on experience, qualifications, and location. Salaried employees may also be eligible for discretionary bonuses, profit-sharing, and long-term incentives for Executive-level roles. Benefits: Salaried employees enjoy a comprehensive benefits package, including medical, dental, vision, basic life insurance, paid parental leave, disability coverage, and participation in the 401(k) retirement plan with company matching contributions subject to eligibility requirements. Additional benefits include a minimum of 15 vacation/PTO days (hourly employees receive a minimum of 120 hours) and 13 paid holidays (vacation days are prorated based on the employee's hire date within the calendar year). Paid sick leave is adjusted based on role and location in accordance with local laws. Detailed information regarding paid sick leave entitlements will be provided to employees upon hiring and may be subject to adjustments based on changes in legislation or company policies.

Our Commitment to Inclusion

Our journey begins with our people—developing strong talent with diverse backgrounds and perspectives to best serve our consumers around the world and fostering an inclusive environment where everyone feels a true sense of belonging. We are dedicated to ensuring that each individual can be their authentic self, is treated with respect, and is empowered by leadership to contribute meaningfully to our business. Equal Opportunity Employer Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law. Reasonable accommodation during the application process is available for persons with disabilities. Please complete this request form should you require accommodation.