Director of Risk Management

Alliant Insurance Services Job Opportunity

Alliant Insurance Services is one of the nation's largest and fastest-growing insurance brokerage and consulting firms. We operate through a network of specialized national platforms and local offices to offer our clients a comprehensive portfolio of solutions built on innovative thinking and personal service. Alliant is changing the way our clients approach risk management and benefits, so they can capitalize on new opportunities to grow and protect their organizations.

Summary: Performs the assessment and management of the company's corporate risks; setting standards for review and negotiation of insurance provisions in contracts; direct negotiation of key contracts; and placement and renewal of corporate insurance policies.

Essential Duties And Responsibilities

• Establishes, evaluates and performs best practices for risk management
• Develops, implements and monitors risk management policies of the company
• Oversees corporate audit program
• Develops and manages the corporate insurance budget
• Develops and maintains risk management procedural manuals
• Implements, monitors and maintains effective record keeping systems for the full range of risk and legal records and documents
• Works directly with senior management to identify risk strategies and corporate projects
• Identifies, secures, renews and manages all necessary and prudent commercial insurance to manage risk
• Monitors insurance policies to ensure adequate coverage and communicates policy coverage to appropriate staff to ensure wide spread knowledge of coverage options and parameters
• Provides additional coverage as needed and provides certificates of insurance coverage as requested
• Manages the insurance renewal process, including staging multiple renewals simultaneously
• Partners with CAO on final proposals and recommendations
• Effectively manages and coordinates the activities of brokers and insurers
• Reports, monitors and completes all claims
• Analyzes, recommends, implements and monitors policy and procedure revisions to improve loss prevention
• Coordinates with claims adjusting staff to effectively investigate and address losses and prevent further loss
• Develops insurance budgets for division management using appropriate allocations methodology
• Manages certificates of insurance
• Verifies certificates meet contractual wording/requirements
• Performs negotiations for all insurance programs company has in place
• Works with Producer to verify all carriers used or approached for insurance meet solvency requirements
• Maintains and manages carrier approval process for ratings below A-
• Informs CAO about carrier rating changes on a quarterly basis and summarizes all A- or below rated carriers for reevaluation with SMDs and Operating Committee
• Verifies and recommends actions to be taken with carrier rating changes according to procedure
• Reviews all insurance policies for accuracy and negotiate changes/corrections through broker
• Prepares professional submissions to portray company in most favorable light to Underwriters
• Collects underwriting information
• Reviews costs associated with all claims handling and develops strategy to improve risk performance
• Continual communication with Senior Management and coordination with Legal Counsel on claims management
• Identifies lessons learned relative to claims in order to feed back to the business
• Interfaces with all corporate and operational leaders on risk reduction strategies
• Develops/maintains allocation systems to allocate RM costs to appropriate areas within the company
• Analyzes, develops and trends historical data to forecast probabilities of various loss levels
• Works with insurance companies to accurately set reserves for known exposure
• Leads corporate efforts on disaster recovery planning, business continuity, and local safety committees
• Monitors developments in the regulatory framework and proactively adapts risk management process and procedures whenever necessary
• Other duties as assigned

Qualifications: Education/Experience Bachelor's Degree in Risk Management, Finance or related discipline Ten (10) or more years working in a Risk Management leadership capacity Expertise at analyzing risks appropriately and developing programs, processes and controls for managing risks and mitigating losses Experience in exposure to all lines of coverage, direct claims responsibility, oversight of the insurance transaction, and managing insurance broker relationships Experience working for a broker Skills Ability to work for and with others on projects, either as part of a team or team leader Excellent communication and conflict management skills Interpersonal skills needed to maintain good working relationships with brokers, insurers, vendors, clients and all levels of employees Excellent contract review and negotiation skills Demonstrated ability in project planning, decision making, results delivery and team building Flexibility regarding assignments, responsiveness to the needs of the company and its clients Strong commitment to ethical behavior