Senior Manager of Risk Management - Corporate Insurance

We are seeking a highly skilled and experienced Senior Manager of Risk Management - Corporate Insurance, to become part of our risk management team and future initiatives. This role will involve identifying, assessing, and mitigating risks to ensure the organization's stability and future growth. The ideal candidate will have a strong background in risk management and prior experience as an insurance broker, providing a unique perspective on risk assessment and mitigation strategies for multi-national programs.

Key Responsibilities:

• You will have ownership for the implementation and management of Regal Rexnord's suite of insurance programs (both global and local) with specific focus on the Casualty, Property and Executive Management programs.

• You will have responsibility for: Design of insurance program, scope of coverage, and oversight, management and coordination of the work of insurance brokers supporting the company, negotiation of policy contracts and commercial content with brokers and insurers, and verification of the premium allocation for the global programs

• You will act as the central point of expertise for insurance queries of Regal Rexnord companies worldwide and have management and oversight of claims settlement and support for Regal Rexnord companies and insurance brokers

• You will serve as an insurance expert on internal teams, contributing to due diligence and future strategy in M&A projects, as well as participating in commercial contract discussions with customers and suppliers.

• You will serve as a key contributor to daily department operations, supporting third party service provider selection, negotiations and contract development, budget preparation, cost management, allocation, operational enhancements and strategic projects in the insurance field and cross training of department colleagues to enhance teamwork and knowledge

• Develop and implement comprehensive risk management strategies and policies.

• Conduct regular risk assessments across the organization's segment to identify potential risks and vulnerabilities.

• Collaborate with various segments to ensure risk management practices are integrated into business operations.

• Monitor and report on risk management performance and compliance with regulatory requirements.

• Lead training sessions and workshops to promote a risk-aware culture within the organization.

• Manage relationships with internal and external stakeholders.

• Analyze insurance coverage and negotiate terms to optimize risk transfer solutions, knowledge of captive programs preferred.

• Stay updated on industry trends and emerging risks to proactively adjust strategies with business development.

Minimum Requirements:

• Bachelor's degree required in risk management, Finance, Business Administration, or a related field;

• Minimum of 6+ years of experience in risk management required, with 1+ years in a managerial role preferred.

• Proven experience as a multinational insurance broker and risk advisor at a global insurance brokerage, with a deep understanding of insurance products and risk assessment methodologies, is preferred

• Strong analytical and problem-solving skills, with the ability to make data-driven decisions.

• Experience in designing, securing and managing complex insurance programs gained either with an insurer, broker or multinational corporate; to include assessment of as-is risks, the value of risk transfer, coordination of claims and follow-up monitoring and control

• Experience in selection, management and coordination of third-party agents (brokers, loss adjustors, actuaries)

• Demonstrated experience in advising and communicating with non-insurance professionals to effectively educate and inform colleagues on the structure, coverage and value of risk programs

• Proficiency in risk management software and tools (ie: Origami, Bluei).

• Proven intercultural sensitivity and experience in mediating between different interests and at various hierarchy levels

• You should possess an understanding of the strategic added value of insurance and its place in a large organization

• Excellent communication and interpersonal skills, capable of building relationships across all levels of the organization.

• Professional certifications such as Associate Risk Manager (ARM), Certified Risk Manager (CRM) or Chartered Property Casualty Underwriter (CPCU) are preferred.

Compensation

$120K - $160K

The salary range provided is intended to display the value of the company's base pay compensation for all statewide locations across the United States. Salary is dependent on a multitude of factors, including but not limited to the physical worksite location, candidate's skill set, level of experience, education and internal peer compensation comparisons.