Senior Manager Risk and Insurance

Location:

This position is located at our (corporate office / property XXXXX) in (Place), (Country).

Overview:

The Senior Manager will work closely with senior leadership, departmental heads, and external partners to ensure that risks are understood, communicated, and appropriately managed across the organization.

Responsibilities:

• Risk Identification and Assessment:
• Lead the identification, evaluation, and prioritization of risks across all areas of the organization, including financial, operational, strategic, and compliance risks.
• Risk Mitigation Strategies:
• Implement risk mitigation strategies, including insurance programs, loss prevention initiatives, and contingency plans.
• Work with various departments to develop and maintain business continuity plans.
• Policy and Framework Development:
• Establish and maintain risk management policies and procedures that align with industry best practices and regulatory requirements.
• Regularly review and update the risk management framework to ensure it remains effective and relevant.
• Monitoring and Reporting:
• Monitor the effectiveness of risk management initiatives and make recommendations for improvements.
• Prepare and present regular reports to senior management on the status of risk management activities and the organization’s risk profile.
• Coordinate internal audits and manage the relationship with external auditors.
• Compliance and Regulatory Oversight:
• Ensure compliance with all relevant laws, regulations, and standards related to risk management.
• Serve as the point of contact for regulatory bodies and oversee the response to regulatory inquiries and inspections.
• Leadership and Collaboration:
• Collaborate with other departments (e.g., legal, finance, operations) to ensure a cohesive approach to risk management.
• Engage with external stakeholders, including insurers, regulators, and industry groups, to stay informed of emerging risks and trends.
• Strategic Planning:
• Contribute to the strategic planning process by providing insights on risk-related issues and ensuring that risk management is integrated into organizational decision-making.
• Advise the executive team on risk-related matters and participate in the development of corporate strategies.
• Insurance Management
• Oversee the organization’s insurance portfolio, including property, liability and other relevant policies.
• Negotiate insurance terms, conditions, and premiums with brokers, underwriters, and carriers to ensure optimal coverage.
• Manage the insurance renewal process, ensuring that policies are renewed in timely manner with appropriate coverage.
• Manage the claims process from initiation to resolution, working closely with insurers to ensure favourable outcomes.

Qualifications:

• Bachelor’s degree in Risk Management, Finance, Insurance, Business Administration, or a related field.
• Minimum of 5 years experience in risk management and insurance across financial, operational, strategic, and compliance domains, preferably within a corporate or regulated industry.
• Strong knowledge of risk mitigation strategies and insurance program management, including expertise in policy negotiations, renewals, and claims management.
• Proven ability to develop and maintain risk management frameworks that align with regulatory standards and industry best practices.
• Excellent collaboration and communication skills to work with cross-functional teams (e.g., legal, finance, operations) and engage effectively with external stakeholders, including insurers and regulators.