Director Risk Management- REMOTE

$110,000 - $150,000/Yr

Ryder - Albany, NY

Full-time - Senior

Remote - Albany, NY

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 primarily responsible for the planning, forecasting, and budgeting activities associated with the insurance product line and risk management departments. The position is designed for remote work, allowing the successful candidate to operate from home while managing a team of finance and insurance professionals. In this role, the Director will ensure that insurance renewal data for policy underwriting is accurate and compliant with government requirements. They will collaborate with external brokers alongside the Vice President and department to uphold fiduciary responsibility regarding insurance policies and procurement. The Director will also assist with executive lines claims management and provide financial support and claims analysis to the claims team located in Colorado and Atlanta. The Director will oversee all activities of the Lease and Rental Physical Damage Insurance underwriting and pricing team, directing all planning, forecasting, and budgeting for both Risk Management and the Insurance Product Line. They will have the authority to approve or disapprove escalated insurance deals and will monitor the performance of the insurance product line, taking corrective pricing actions when necessary. Additionally, the Director will maintain and enhance insurance pricing and underwriting models, ensuring that cost assumptions and market dynamics are appropriately accounted for. Participation with senior management in setting pricing strategies to drive profitable growth is also a key responsibility of this role.

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, 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.