POSITION PURPOSE

This position leads the development, implementation, and management of insurance and self-insurance programs, as well as a captive insurance company, with the primary purpose of controlling exposures and losses to the company, vendors and customers. The position partners cross-functionally with internal business partners (legal, treasury, accounting, tax and other teams) as well as external partners (insurance brokers, captive manager and insurance companies) to ensure the proper management of these programs and the captive insurance company. This position serves as a subject matter expert to the company on risk management issues such as risk retention, risk mitigation, the captive and strategic risk solutions across the entire enterprise.

MAJOR TASKS, RESPONSIBILITIES AND KEY ACCOUNTABILITIES

• Ensures placement and administration of insurance programs including retention analyses, coverage negotiations and policy/certificate maintenance; a primary liaison with insurance brokers, captive manager and insurance carriers.
• Provides proper control of administration of self-insurance programs including annual review of cost effectiveness; ensures all associated government reporting obligations are met as prescribed by law or regulation.
• Develops captive insurance program and evaluates levels of risk transfer and risk retention based on overall company strategies and risk appetite.
• Serves as the primary liaison to internal business partners as well as third party vendors on captive insurance programs.
• Evaluates risk levels of various agreements and other contracts entered by the company with specific focus on insurance and risk transfer provisions. Provides feedback and suggestions to Legal and outside counsel.
• Implements appropriate processes for review of loss data to develop actuarial loss reserves for the captive insurance company.
• Manage certificate of insurance tracking program for vendors, installers, and others with contractual obligations.
• Develops captive program reports within the company’s risk information system. Oversees production of monthly field reports as well as ad hoc reports.

  NATURE AND SCOPE 
  Reports to Director – Risk Management. This position may have direct reports.

  ENVIRONMENTAL JOB REQUIREMENTS 
  Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable. Typically requires overnight travel less than 10% of the time.