Director of Risk Management

$200,000 - $275,000/Yr

Highview National Insurance Company - Spring Valley, NY

Full-time - Director

Spring Valley, NY

About the position

Highview National Insurance is seeking a Director of Risk Management to join our team in Spring Valley, NY. This full-time position offers a competitive salary ranging from $200,000 to $275,000 annually. As a leading insurance carrier specializing in workers' compensation coverage, we pride ourselves on fostering an exceptional team environment that promotes growth and development. The Director of Risk Management will be instrumental in developing and implementing comprehensive risk management strategies aimed at minimizing potential losses and ensuring compliance with all relevant regulations. This role is critical in mitigating the financial and operational risks associated with workplace injuries, and the ideal candidate will possess extensive experience in risk management, strong leadership capabilities, and a proven track record in effectively managing claims. In this position, you will supervise direct reports, providing leadership, guidance, and performance management to the risk management team. You will foster a culture of accountability, professionalism, and continuous improvement. Your responsibilities will include developing and implementing programs designed to reduce workplace injuries and accidents, which may involve creating safety training materials, conducting workshops, and ensuring compliance with safety regulations. Regular risk assessments and audits will be part of your duties to identify potential workplace risks, analyze injury trends, and evaluate existing safety protocols. You will work closely with clients to tailor risk management strategies to their specific needs, offering expert advice on best practices and assisting them in implementing effective safety measures. Ensuring compliance with local, state, and federal regulations regarding workplace safety and workers' compensation will be a key aspect of your role. Proficiency with risk management software tools is essential, as you will utilize these tools to track, analyze, and report risk data effectively. Additionally, you will develop and maintain relationships with insurance carriers, brokers, and other external partners to optimize loss control and minimize workplace injuries. Your analytical skills will be crucial in identifying opportunities for process improvement and cost reduction based on loss trends and patterns. You will also prepare reports and presentations for senior management and stakeholders on risk management and loss control matters, while staying informed about emerging trends, best practices, and regulatory changes in the risk management and insurance industries.

Responsibilities

• Supervise direct reports and provide leadership, guidance, and performance management to the risk management team.
• Develop and implement programs to reduce workplace injuries and accidents, including creating safety training materials and conducting workshops.
• Conduct regular risk assessments and audits to identify potential workplace risks and analyze injury trends.
• Work closely with clients to tailor risk management strategies to their specific needs and offer expert advice on best practices.
• Ensure compliance with local, state, and federal regulations regarding workplace safety and workers' compensation.
• Utilize risk management software tools to track, analyze, and report risk data effectively.
• Develop and maintain relationships with insurance carriers, brokers, and other external partners to optimize loss control.
• Analyze loss trends and patterns to identify opportunities for process improvement and cost reduction.
• Prepare reports and presentations for senior management and stakeholders on risk management and loss control matters.
• Stay informed about emerging trends, best practices, and regulatory changes in risk management and insurance industries.

Requirements

• Bachelor's degree in risk management, insurance, business administration, or a related field.
• Minimum five to ten (5 - 10) years of worker's compensation risk management experience is required.
• Strong knowledge of risk management principles and insurance products.
• Expert knowledge of Workers' Compensation and Employer's Liability; knowledge and expertise of other product lines.
• Excellent analytical, problem-solving, and decision-making skills.
• Advanced knowledge of insurance principles and regulatory requirements.
• Exceptional communication, negotiation, interpersonal, and leadership skills.
• Ability to effectively manage multiple priorities in a fast-paced environment.
• Attention to detail and accuracy in assessing risk factors.
• Proficiency in risk management software and Microsoft Office Suite.

Nice-to-haves

• Certified Risk Manager (CRM) preferred.
• Master's degree in risk management, insurance, business administration, or a related field preferred.

Benefits

• Health insurance
• Dental insurance
• Vision insurance
• Flexible spending account
• Opportunities for advancement
• 401K eligible upon 1st day of employment