Director of Risk Management

Director of Risk Management

Hybrid – Spring Valley, NY

225-275k

Job Summary:

The Director of Risk Management is responsible for developing and implementing comprehensive risk management strategies to minimize potential losses and ensure compliance with regulatory requirements. This role plays a crucial part in reducing financial and operational risks, particularly those associated with workplace injuries. The ideal candidate will have extensive experience in risk management, strong leadership skills, and a proven track record in managing claims effectively.

Supervisory Responsibilities:

• Oversees direct reports, providing leadership, guidance, and performance management.

Key Responsibilities:

• Develop and implement programs to reduce workplace injuries and accidents, including safety training and workshops.
• Conduct regular risk assessments and audits to identify potential workplace risks, analyze injury trends, and evaluate safety protocols.
• Work closely with clients to tailor risk management strategies, offering expert advice on best practices.
• Ensure compliance with local, state, and federal workplace safety and workers’ compensation regulations.
• Utilize risk management software tools for tracking, analyzing, and reporting risk data; oversee the implementation of new software solutions.
• Provide leadership to the risk management team, fostering a culture of accountability and continuous improvement.
• Build and maintain relationships with insurance carriers, brokers, and external partners to optimize loss control and minimize workplace injuries.
• Analyze loss trends to identify opportunities for process improvement and cost reduction.
• Prepare reports and presentations for senior management on risk management and loss control matters.
• Stay updated on emerging trends, best practices, and regulatory changes in the risk management and insurance industries.
• Perform other duties as assigned.

Qualifications & Experience:

• Education: Bachelor’s degree in risk management, insurance, business administration, or a related field; Master’s degree preferred.
• Experience: Minimum of 5-10 years in workers’ compensation risk management.
• Certified Risk Manager (CRM) preferred.
• Strong knowledge of risk management principles and insurance products.
• Expertise in Workers’ Compensation and Employer’s Liability; familiarity with Code Rule 59 and Code Rule 60 preferred.
• Advanced understanding of insurance principles and regulatory requirements.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional communication, negotiation, and leadership abilities.
• Ability to manage multiple priorities in a fast-paced environment.
• Proficiency in risk management software and Microsoft Office Suite.
• Strong organizational and time management skills.
• Ability to interpret financial data and market trends.
• Travel required.

Email: Baila@maiplacement.com