Director, Corporate Insurance

Job Description

Job Summary

Under limited direction, uses extensive knowledge and skills obtained through education and experience to set the strategic direction of assigned insurance programs, translate business strategy into comprehensive risk assessment programs and manages the work of other staff in conducting reviews and developing insurance programs in a variety of functional areas. Oversees staff who lead large or multiple projects with significant scope and impact. Manages others in performing difficult assignments that are broad in nature requiring originality and ingenuity with appreciable latitude for unreviewed actions or decisions. Provides comprehensive solutions to escalated complex problems. Results are evaluated at agreed upon milestones for effectiveness in achieving specified results. Extensive contact with executive management and is required to lead others in identifying, researching, analyzing and resolving complex issues.

Essential Duties and Responsibilities

• Sets the strategic direction for insurance programs at the firm.

• Represents insurance programs to management, brokers, carriers, and regulators.

• Influences positive change through leadership, sound analysis, and demonstrated subject matter expertise.

• Leads the team and collaborates extensively with business units to ensure a cohesive approach.

• Directs insurance consulting activities for assigned areas of responsibility, across multiple business areas, in accordance with internal standards, relevant government statutes and regulations.

• Oversees multiple engagements concurrently from planning through reporting and produces quality deliverables in accordance with both department and professional standards.
• Participates in complex business initiatives and pro-actively advises and assists the business on change initiatives.

• Maintains strong relationships with senior leaders, including executive management, as well as insurance brokers and carriers within RJ's insurance programs.

• Attracts, develops, and retains talent within the Insurance Team and the Firm.

• Uses excellent communication skills in order to influence a wide range of internal audiences including respective product, function, and executive management partners.

• Ensures the use of sound judgment to provide an overall opinion on the business unit's insurance coverage and communicates findings to management. Challenges the team to identify opportunities for improvement in the design and effectiveness of insurance programs, including claims handling and renewal processing.

• Holds entire team accountable for meeting deliverables, adhering to internal criteria and utilizing consistent methodology.

• Oversees continuous monitoring for assigned areas, including monitoring of key metrics to identify control issues and adverse trends.

• Evaluates existing governance programs for effectiveness and for consistency with regulatory expectations and industry leading practices.

• Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking. Consulted often by others for advice and opinions and recognized as a leadership role model.

• Participates in complex business initiatives and pro-actively advises and assists the business on change initiatives.

• Viewed as an expert in evolving industry and regulatory changes impacting the business.

• Builds and maintains effective working relationships with Regulators and External Auditors.

• Manages expenses to budget, solving for department inefficiencies and excess spending.

• Performs other duties and responsibilities as assigned.

Knowledge of

• In-depth understanding of insurance and insurance markets, including insurance broker and insurance carrier relationships.

• Specific subject matter expertise regarding insurance program and an advanced understanding of Raymond James products and services, especially those associated with the area of responsibility.

• Utilization of captive insurance companies/solutions as part of the overall Corporate Insurance program

• Managing data and building reports for insurance programs to manage and benchmark claims cost and premiums paid relative to changes in retention levels

Skill in

• Implementing advanced risk transfer and self-insurance strategies, including captive insurance programs.

• Critical thinking, problem solving, and creativity.

• Managing direct reports including managers and staff.

• Demonstrated ability and success in interacting with and influencing senior leadership, including executive management.

• Experience in managing against deadlines associated with an annual project plan.

• Strong analytical skills particularly with regard to assessing the probability and impact of insurance exposures.

• Excellent verbal and written communication skills, with the ability to present complex and sensitive issues to management in a persuasive manner.

• Enthusiastic, self-motivated, effective under pressure and willing to take personal risk and accountability.

• Proven ability to multitask as well as assess and change priorities.

• Ability to work well individually, and in teams, share information, support colleagues and encourage participation.

Ability to

• Explain complicated topics/insurance concerns to any audience.

• Influence and guide across departmental boundaries.

• Interpret, analyze, and apply technical information.

• Perform human resource management activities.

• Plan, assign, monitor, review, evaluate and lead the work of others.

• Coach and mentor others.

• Identify training needs and develop subordinates.

• Balance conflicting resource and priority demands.

• Facilitate meetings, ensuring that all viewpoints, ideas and problems are addressed.

• Incorporate needs, wants and goals from different business unit perspectives into insurance engagements and recommendations.

• Attend to detail while maintaining a big picture orientation.

• Gather information, identify linkages and trends and apply findings to assignments.

• Communicate effectively, both orally and in writing.

• Read, interpret and apply information from business periodicals and professional journals.

• Lead others in providing a high level of customer service.

• Establish and maintain effective working relationships at all levels of the organization.

Education/Previous Experience

• Bachelor's Degree (B.A.) and a minimum of ten (10) years of experience in a related field, including at least four (4) years of people management experience.
• Minimum five (5) years of experience with captive insurance programs, including knowledge of captive insurance structures, alternative risk financing, and regulatory requirements.

• ~or~

• Any equivalent combination of experience, education, and/or training approved by Human Resources.

Licenses/Certifications

• None.

Travel Required: Yes, 10 % of the Time

Education
Bachelor's: Business Administration, Bachelor's: Construction Management, Bachelor's: Economics, Bachelor's: Finance

Work Experience
General Experience - 6 to 10 years

Certifications

Travel

Workstyle
Hybrid

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.

We expect our associates at all levels to:
Grow professionally and inspire others to do the same
Work with and through others to achieve desired outcomes
Make prompt, pragmatic choices and act with the client in mind
Take ownership and hold themselves and others accountable for delivering results that matter
Contribute to the continuous evolution of the firm

At Raymond James - as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.