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Director of Risk Management

Company: Tatum by Randstad
Location: Virginia Beach
Posted on: January 12, 2022

Job Description:

One of my clients in the Virginia Beach area is looking to add a Director of Risk Management to their team! This salaried exempt position reports to the Chief Legal Officer and is the senior insurance and risk management position in the organization. Great opportunity to work for a thriving company that offers great company culture!

  • Develop programs to protect against financial loss resulting from; damage to company property; business interruption; liability arising from property damage or injury to employees, contractors, and the public
  • Analyze and review all current property and casualty insurance coverage needs based on the company's exposure to loss
  • Maintain a proper balance among: losses retained, risk control, insurance premiums, and administrative costs;
  • Maintain proper schedule of values for all real and personal property, and business interruption exposures
  • Develop coverage specifications and submit directly to underwriters
  • Review proposals for all coverage lines, negotiate terms and make recommendations on final products
  • Review all issued insurance policies for accuracy
  • Maintain an insurance register that details all relevant information for each in-force policy;
  • Process insurance premium payments
  • Issue certificates of insurance and annual auto ID cards as required.
  • Develop, maintain, and communicate indemnification and insurance criteria for contractors and vendors - including standard templates for use in company contracts/agreements;
  • Review sales agreements, leases, contracts and other corporate agreements for liabilities or exposure areas that should be avoided and provide acceptable terms;
  • Analyze and evaluate potential risk exposures presented by proposed new corporate ventures and acquisitions and provide recommendations for the appropriate management of the risks; and Obtain approval of contract terms and issue surety bonds when required.
  • Direct and manage all insured and self-insured claims;
  • Represent company in mediations of litigated matters and settlement negotiations;
  • Maintain a litigation management system that details defense counsel in each area where the company operates;
  • Attend periodic claims review with TPA adjusters that focuses on claim strategy and reserve adequacy;
  • Provide safety managers and business unit managers with historical and open claims;
  • Conference with third party administrator (TPA) adjusters on individual claims as needed; and
  • Review and approve reserve increases and payment authorizations requested by TPA.
    • Bachelor's degree and/or advanced degree in Business, Risk Management, Finance, or Law
    • 10+ years of risk management leadership experience in heavy industry or a like field of business
    • Other Training/Certifications preferred; Licensed Property/Casualty Insurance Agent Associate in Risk Management (ARM); Chartered Property & Casualty Underwriter (CPCU)
      If you or someone know you may be interested, please apply to this post or email Alyssa Crnkovich at Thank you!

Keywords: Tatum by Randstad, Virginia Beach , Director of Risk Management, Executive , Virginia Beach, Virginia

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