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VP Risk Management

  • 07 Mar 2022 12:18 PM
    Message # 12645925

    The vice president of risk management is the principal person responsible for managing the insurance, workers compensation and safety/health program for the organization. The VP of risk management will serve as the primary resource for the establishment of standards and policy for the risk management program. 

    This VP will be responsible for creating programs that addresses the need to reduce claim frequency and positively impact the total cost of risk.  Critical deliverables will be management reporting in claims, development & maintenance of a strong safety and health effort and working closely with vendors, insurance brokers as it relates to the overall insurance program. This is a very hands-on position that requires a high degree of flexibility to manage the different functional areas and ensure timely deliverables.

    Essential Functions

    1. Be able to evaluate new business to identify risk issues and determine whether it is a viable business opportunity for the organization.

    2. Serve as a Subject Matter Expert within Insurance to assist other internal groups with any insurance related issues to define and execute action plans.

    3. Manage and handle all aspects of various insurance programs (Property, Casualty, WC – Captive Programs etc.), including analyzing exposure data and loss information as well as preparing presentations that summarize the data for the renewal submission.

    4. Develop and provide reports that details the company risk performance as to reserves, overall risk scorecard, open/closed claims, monthly business review etc.

    5. Claims production, project management and initiative leadership and execution of claims initiatives including reserve practices.

    6. Troubleshoot and collaborate branch office to problem-solve and advance the implementation of safety/health program.

    7. Select and manage vendor services, programs and standards.

    8. Collaborate to establish and manage the departmental budgets and resources.

    9. Be able to work independently, make decisions based on available information in all areas of risk management, and manage multiple programs and/or projects simultaneously.

    10. Lead and conduct meetings and other communication avenues to develop consistent risk management practices across all locations.

    11. Oversight and provide program development on safety practices, injury prevention, reporting procedures, claim and safety awareness.

    12. Provide leadership, guidance and technical support to operations, sales and search division relating to both safety and workers compensation management.

    13. Able to evaluate new business in collaboration with sales to determine if the business fits the company’s risk profile


    1. Technical Capacity

    2. Claim & safety management 

    3. Customer/Client Focus

    4. Presentation Skills

    5. Multi-tasking 

    6. Personal Effectiveness/Credibility

    7. Communication Proficiency

    8. Leadership

    9. Financial Management

    Required Education and Experience 

    1. Bachelor’s degree

    2. At least 5 to10 years or more of insurance, safety & claims and industry experience.

    3. Must have managed at least a two-tiered management structure previously (at least responsible overseeing / leading a risk department and multiple state operations). 

    4. Be willing to travel approximately 25% to field locations.

    5. Ability to work as a team leader and provide regular support to the field in managing risk issues.

    6. Navigate between different RIMIS systems to review risk performance, analyze loss, and reserve data, complete reports etc.

    Resumes can be sent to Tom Stanton, VP HR

    Last modified: 23 Jan 2023 11:24 AM | Anonymous

RIMS Chicago Chapter
318 Half Day Road
Buffalo Grove, Illinois 60089

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