Director Risk Management- REMOTE

$110,000 - $150,000/Yr

Ryder - Washington, DC

Full-time - Senior

Remote - Washington, DC

Rental and Leasing Services

About the position

The Director of Risk Management will play a pivotal role in overseeing the financial aspects and pricing strategies for Ryder's North American Fleet Management Solutions rental and lease insurance extension program. This position is crucial for ensuring that all planning, forecasting, and budgeting activities related to the insurance product line and risk management departments are executed effectively. The role is designed for a remote work environment, allowing the director to manage operations from home while leading a team of finance and insurance professionals. In this capacity, the director will be responsible for ensuring the accuracy of insurance renewal data for policy underwriting and compliance with government insurance requirements. The director will collaborate with external brokers alongside the Vice President and department to uphold fiduciary responsibilities concerning 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 direct all activities of the Lease and Rental Physical Damage Insurance underwriting and pricing team, overseeing all planning, forecasting, and budgeting for both Risk Management and the Insurance Product Line. This includes providing approval or disapproval on escalated insurance deals and monitoring the performance of the insurance product line, taking corrective pricing actions when necessary. The director will also maintain and enhance insurance pricing and underwriting models, ensuring that cost assumptions and market dynamics are appropriately considered. Participation with senior management in setting pricing strategies to drive profitable growth is also a key responsibility. Furthermore, the director will develop and present performance presentations on the insurance product line to senior management and will perform other duties as assigned, ensuring that the department meets its strategic goals and objectives.

Responsibilities

• Manage a staff of finance and insurance professionals.
• Ensure insurance renewal data for policy underwriting is accurate and compliant with 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).

Benefits

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