Director Risk Management- REMOTE

$110,000 - $150,000/Yr

Ryder - Dover, DE

Full-time - Mid Level

Remote - Dover, DE

Rental and Leasing Services

About the position

This position will be responsible for providing financial oversight and pricing strategy for Ryder's North American Fleet Management Solutions rental and lease insurance extension program. The role encompasses all planning, forecasting, and budgeting activities of the insurance product line and risk management departments. The successful candidate will manage a team of finance and insurance professionals, ensuring that insurance renewal data for policy underwriting is accurate and compliant with government requirements. This includes working closely with external brokers in conjunction with the VP and department to maintain fiduciary responsibility around insurance policies and procurement. Additionally, the position will assist with executive lines claims management and support the claims team in Colorado and Atlanta with financial support and claims analysis. The individual will direct all activities of the Lease and Rental Physical Damage Insurance underwriting and pricing team, overseeing all planning, forecasting, and budgets for Risk Management and the Insurance Product Line. They will provide approval or disapproval on escalated insurance deals and monitor the performance of the insurance product line, taking corrective pricing action when appropriate. The role also involves maintaining and improving insurance pricing and underwriting models, ensuring appropriate cost assumptions and market dynamics are considered. Participation with senior management in setting pricing strategy to drive profitable growth is also a key responsibility. In addition to these essential functions, the candidate will develop and present presentations to senior management regarding the insurance product line performance and perform other duties as assigned.

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 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 presentations to senior management 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, 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.