Director of Insurable Risk

I. Position Description

The Director of Insurance and Risk Management at Ecobat is responsible for leading and coordinating insurance and risk management efforts across the company, including collaboration with various departments like Finance, Legal, and Operations. This hands-on role involves managing a $20M cost of risk, primarily focused on property and workers' compensation. Key duties include integrating global operations, developing standard operating procedures, providing expertise to leadership, assessing and controlling insurable risks, designing cost-effective coverage, and managing risk financing and procurement. The role also involves working with brokers, underwriters, and other vendors, with support from an Insurance & Claims Coordinator.

E ESSENTIAL DUTIES AND RESPONSIBILITIES

• Foster collaborative enterprise-wide business partnerships to promote a global culture focused on cash and risk mitigation and to establish Treasury as a globally centralized shared services function.
• Maintain and develop risk management framework throughout the organization.
• Manage, negotiate and interact with internal partners across all organizational levels and a wide array of external relationships insurance underwriters, insurance brokers, legal counsel, technology vendors and investors.

• Collect and analyze key exposures and risk metrics throughout the organization from both inter-departmental and geographic standpoints.
• Provide cross-functional support to departments like Legal, Finance, and Human Resources to ensure the organization effectively complies with strategic goals and drive risk management efficiency
• Identify and formulate processes to periodically and proactively assess potential risks to the organization and support the organization
• Negotiate and review terms in all insurance policies for various lines of coverage, with the objective of managing and transferring risk, minimizing the total cost of the insurance program; determine retention levels and limits of insurance
• Work closely with the Human Resources, Legal and Environmental Health & Safety (EHS) to manage claims handling and drive down total cost of risk
• Support enterprise risk management (ERM) initiatives including risk monitoring, risk mitigation, emergency response and business continuity
• Monitor and optimize the appropriate levels of risk financing versus risk retention
• Liaise with and oversee independent third-party insurance and risk providers to ensure those partners understand and align with organizational goals and drive the most-competitive outcomes
• Ensure adequate and timely insurance and risk due diligence through mergers and acquisitions
• Periodically test key controls to determine the operational effectiveness of key controls that mitigate critical strategic risks
• Lead and prepare materials for c-suite committees and executives.
• Support the direction of the Treasurer on ad-hoc assignments.

II. II. Qualifications

• Bachelor's degree in Finance, Accounting or Business Administration required;
• Professional designation(s) are preferred.

• 12+ years of relevant professional work experience demonstrating growth in experience (required), including at least 5 years of relevant experience in international insurance and risk management (non-brokerage/underwriting) within the industrial sector with no less than a $10M cost of risk.
• Demonstrated technical experience in corporate insurance, risk management and claims management across multiple lines of coverage including property, general liability, workers compensation, environmental risk, cyber risk, directors & officers' liability, employment practices liability and international insurance (required)
• Demonstrated technical experience in loss sensitive programs, including retention analysis, loss forecasting, cost modeling and interpreting/applying actuarial reports in support of insurance financial management (required). Captive experience preferred.
• Strong leadership and communication skills, including demonstrated ability to engage and consult to c-suite, and coordinate and inspire internal, external and cross functional teams

IV. III. Physical Requirements & Work Environment

• Prolonged periods sitting at a desk and working on a computer.
• Must be able to lift to 15 pounds at times.
• Willingness and ability to travel as needed.