Ryder - Boise, ID
posted 5 months ago
The Director of Risk Management position at Ryder is a pivotal role that encompasses financial oversight and the development of pricing strategies for the North American Fleet Management Solutions rental and lease insurance extension program. This position is primarily responsible for the planning, forecasting, and budgeting activities associated with the insurance product line and risk management departments. The role is designed for a remote work environment, allowing for flexibility while managing a team of finance and insurance professionals. In this capacity, the Director will ensure that insurance renewal data for policy underwriting is accurate and compliant with government requirements. The position requires collaboration with external brokers, alongside the Vice President and department staff, 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 oversee the Lease and Rental Physical Damage Insurance underwriting and pricing team, directing all activities related to this function. This includes managing the planning, forecasting, and budgeting processes for both Risk Management and the Insurance Product Line. The role involves making critical decisions regarding escalated insurance deals, monitoring the performance of the insurance product line, and implementing corrective pricing actions when necessary. Furthermore, the Director will maintain and enhance insurance pricing and underwriting models, ensuring that they reflect appropriate cost assumptions and market dynamics. Participation in setting pricing strategies with senior management to drive profitable growth is also a key responsibility. The position requires the development and presentation of performance reports on the insurance product line to senior management, along with the execution of other duties as assigned.