Director Risk Management- REMOTE

$110,000 - $150,000/Yr

Ryder - Olympia, WA

Full-time - Senior

Remote - Olympia, WA

Rental and Leasing Services

About the position

The Director of Risk Management position at Ryder is a pivotal role that encompasses financial oversight and strategic pricing for the North American Fleet Management Solutions rental and lease insurance extension program. This role is designed for a seasoned professional who will be responsible for the comprehensive planning, forecasting, and budgeting activities associated with the insurance product line and risk management departments. The position is fully remote, allowing for flexibility while ensuring that the director can effectively manage a team of finance and insurance professionals from home. In this role, the director will oversee the accuracy of insurance renewal data necessary for policy underwriting, ensuring compliance with governmental insurance requirements. The director will collaborate with external brokers alongside the Vice President and department to uphold fiduciary responsibilities regarding insurance policies and procurement. Additionally, the director will assist with executive lines claims management and provide financial support and claims analysis to the claims teams located in Colorado and Atlanta. The director will also direct all activities of the Lease and Rental Physical Damage Insurance underwriting and pricing team, ensuring that all planning, forecasting, and budgeting for Risk Management and the Insurance Product Line are executed effectively. The role requires the director to provide approval or disapproval on escalated insurance deals and monitor the performance of the insurance product line, taking corrective pricing actions when necessary. Furthermore, the director will maintain and enhance insurance pricing and underwriting models, ensuring that cost assumptions and market dynamics are appropriately accounted for. Participation in setting pricing strategies with senior management to drive profitable growth is also a key responsibility of this position.

Responsibilities

• Manage a staff of finance and insurance professionals.
• Ensure insurance renewal data for policy underwriting is accurate and compliant with insurance government requirements.
• Work with external brokers in conjunction with VP and department to maintain fiduciary responsibility around insurance policies and procurement.
• Assist with executive lines claims management and support claims team in Colorado and Atlanta with financial support and claims analysis.
• Direct all activities of the Lease and Rental Physical Damage Insurance underwriting/pricing team.
• Oversee all planning, forecasting and budgets for Risk Management and the Insurance Product Line.
• Provide approval/disapproval on escalated insurance deals.
• Monitor insurance product line performance and take corrective pricing action when appropriate.
• Maintain and improve insurance pricing/underwriting models, ensuring appropriate cost assumptions and market dynamics.
• Participate with senior management in setting pricing strategy to drive profitable growth.
• Develop and present to senior management presentations on the insurance product line performance.
• Perform other duties as assigned.

Requirements

• Master's Degree in concentration in Risk Management/Finance (Preferred).
• Bachelor's Degree in concentration in Risk Management/Finance (Required).
• 7 years or more in relevant insurance knowledge (Required).
• 5 years or more in relevant Ryder IT systems knowledge (Preferred).
• 7 years or more in significant analytical and financial modeling skills (Required).
• Knowledge of insurance and underwriting practices (Advanced, Required).
• Strong familiarity with Ryder IT systems (Advanced, Preferred).
• Certified Risk Manager (CRM) (Preferred, 1 Year).
• Chartered Property Casualty Underwriter (CPCU) (Preferred, 1.5 Years).

Nice-to-haves

• Strong verbal and written communication skills.
• Demonstrated ability to build and lead professional teams effectively.
• Ability to create and maintain professional relationships within all levels of the organization.
• Ability to effectively interact and influence Executive and Field management.
• Flexibility to operate and self-driven to excel in a fast-paced environment.
• Excellent financial modeling acumen.

Benefits

• Comprehensive health and welfare benefits including medical, prescription, dental, vision, life insurance, and disability insurance options.
• Paid time off for vacation, illness, bereavement, family and parental leave.
• Tax-advantaged 401(k) retirement savings plan.