Director, Risk Management

ESSENTIAL DUTIES AND RESPONSIBILITIES:Maintain awareness and knowledge of risk conditions prevailing in all elements of the company’s business both domestic and foreign so as to be able to appraise and analyze new or potential risk situations and recommend appropriate courses of action.Develop, formulate and coordinate property and casualty insurance claims control function at all locations.Continue review of existing safety, environment, loss prevention, employment and security programs as related to the management of risk or accidental loss.Maintain historical record of all losses, insured and uninsured, including recoveries and reserves set by insurance companies.Review leases, contracts, sales and finance agreements in order to ascertain compliance with appropriate insurance requirements.Insure the proper and efficient handling of claims as they relate to workers’ compensation insurance requirements.Coordinate risk control activities and monitor compliance for:Security/Asset protectionPersonnel safety/OSHAAutomobile safetyProperty conservation, fire safety and fire preventionEmergency preparednessBusiness recoveryCoordinate the reporting of all property and cargo claims to insurers or against third parties and process such claims.Prepare detailed investigative reports that are factual, timely, well written and logical.Collect company data, on which insurance premiums are based, verify the accuracy and validity of policies and premiums when received, prepare the reports that are required by the insurance companies and allocate premium among locations.Direct the activities of the company’s subsidiaries and offices both domestic and foreign as they relate to the various professional consultants, insurance brokers and insurers concerned with the company’s insurance programs.Maintain surveillance over existing programs of self-insurance and risk assumption to assure continued cost effectiveness.Maintain knowledge of sources and types of insurance coverage that can be procured at economical cost, and the current stability and services of insurance brokers and insurers.Maintain a current knowledge of market conditions and governmental activities in the insurance, safety, loss prevention, environmental and loss control fields, apprising executive management of probable effects upon the company and recommending appropriate actions.Establish and maintain risk management and insurance expense allocation for all locations.Recommend and approve major equipment for asset protection and loss control.On a corporate level, perform claims handling and settlement activities.Travel to key company locations worldwide.