Regal Rexnord

Senior Manager of Risk Management - Corporate Insurance

LocationRosemont, IL
Job Typefull_time
Salary$120,000-$160,000

About This Job

We are seeking a highly skilled and experienced Senior Manager of Risk Management - Corporate Insurance, to become part of our risk management team and future initiatives. This role will involve identifying, assessing, and mitigating risks to ensure the organization's stability and future growth. The ideal candidate will have a strong background in risk management and prior experience as an insurance broker, providing a unique perspective on risk assessment and mitigation strategies for multi-national programs.

Key Responsibilities:

You will have ownership for the implementation and management of Regal Rexnord's suite of insurance programs (both global and local) with specific focus on the Casualty, Property and Executive Management programs.
You will have responsibility for: Design of insurance program, scope of coverage, and oversight, management and coordination of the work of insurance brokers supporting the company, negotiation of policy contracts and commercial content with brokers and insurers, and verification of the premium allocation for the global programs
You will act as the central point of expertise for insurance queries of Regal Rexnord companies worldwide and have management and oversight of claims settlement and support for Regal Rexnord companies and insurance brokers
You will serve as an insurance expert on internal teams, contributing to due diligence and future strategy in M&A projects, as well as participating in commercial contract discussions with customers and suppliers.
You will serve as a key contributor to daily department operations, supporting third party service provider selection, negotiations and contract development, budget preparation, cost management, allocation, operational enhancements and strategic projects in the insurance field and cross training of department colleagues to enhance teamwork and knowledge
Develop and implement comprehensive risk management strategies and policies.
Conduct regular risk assessments across the organization’s segment to identify potential risks and vulnerabilities.
Collaborate with various segments to ensure risk management practices are integrated into business operations.
Monitor and report on risk management performance and compliance with regulatory requirements.
Lead training sessions and workshops to promote a risk-aware culture within the organization.
Manage relationships with internal and external stakeholders.
Analyze insurance coverage and negotiate terms to optimize risk transfer solutions, knowledge of captive programs preferred.
Stay updated on industry trends and emerging risks to proactively adjust strategies with business development.


Minimum Requirements:

Bachelor's degree required in risk management, Finance, Business Administration, or a related field;
Minimum of 6+ years of experience in risk management required, with 1+ years in a managerial role preferred.
Proven experience as a multinational insurance broker and risk advisor at a global insurance brokerage, with a deep understanding of insurance products and risk assessment methodologies, is preferred
Strong analytical and problem-solving skills, with the ability to make data-driven decisions.
Experience in designing, securing and managing complex insurance programs gained either with an insurer, broker or multinational corporate; to include assessment of as-is risks, the value of risk transfer, coordination of claims and follow-up monitoring and control
Experience in selection, management and coordination of third-party agents (brokers, loss adjustors, actuaries)
Demonstrated experience in advising and communicating with non-insurance professionals to effectively educate and inform colleagues on the structure, coverage and value of risk programs
Proficiency in risk management software and tools (ie: Origami, Bluei).
Proven intercultural sensitivity and experience in mediating between different interests and at various hierarchy levels
You should possess an understanding of the strategic added value of insurance and its place in a large organization
Excellent communication and interpersonal skills, capable of building relationships across all levels of the organization.
Professional certifications such as Associate Risk Manager (ARM), Certified Risk Manager (CRM) or Chartered Property Casualty Underwriter (CPCU) are preferred.

Compensation $120K - $160K

The salary range provided is intended to display the value of the company's base pay compensation for all statewide locations across the United States. Salary is dependent on a multitude of factors, including but not limited to the physical worksite location, candidate's skill set, level of experience, education and internal peer compensation comparisons.

Benefits

Medical, Dental, Vision and Prescription Drug Coverage
Spending accounts (HSA, Health Care FSA and Dependent Care FSA)
Paid Time Off and Holidays
401k Retirement Plan with Matching Employer Contributions
Life and Accidental Death & Dismemberment (AD&D) Insurance
Paid Leaves
Tuition Assistance

About Regal Rexnord

Regal Rexnord is a publicly held global industrial manufacturer with 30,000 associates around the world who help create a better tomorrow by providing sustainable solutions that power, transmit and control motion. The Company’s electric motors and air moving subsystems provide the power to create motion. A portfolio of highly engineered power transmission components and subsystems efficiently transmits motion to power industrial applications. The Company’s automation offering, comprised of controls, actuators, drives, and precision motors, controls motion in applications ranging from factory automation to precision control in surgical tools.

The Company’s end markets benefit from meaningful secular demand tailwinds, and include factory automation, food & beverage, aerospace, medical, data center, warehouse, alternative energy, residential and commercial buildings, general industrial, construction, metals and mining, and agriculture.

Regal Rexnord is comprised of three operating segments: Industrial Powertrain Solutions, Power Efficiency Solutions, and Automation & Motion Control. Regal Rexnord has offices and manufacturing, sales and service facilities worldwide. For more information, including a copy of our Sustainability Report, visit RegalRexnord.com.

Equal Employment Opportunity Statement

Regal Rexnord is an Equal Opportunity and Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex/gender, sexual orientation, gender identity, pregnancy, age, ancestry, national origin, genetic information, marital status, citizenship status (unless required by the applicable law or government contract), disability or protected veteran status or any other status or characteristic protected by law. Regal Rexnord is committed to a diverse and inclusive workforce. We are committed to building a team that represents diverse and inclusive backgrounds, perspectives, and skills. If you’d like to view a copy of the company’s affirmative action plan for protected veterans/individuals with disabilities or policy statement, please email Recruiting@RegalRexnord.com. If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an online application, please e-mail Recruiting@RegalRexnord.com.

Equal Employment Opportunity Posters

Notification to Agencies

: Please note that Regal Rexnord Corporation and its affiliates and subsidiaries ("Regal Rexnord") do not accept unsolicited resumes or calls from third-party recruiters or employment agencies. In the absence of a signed Master Service Agreement or similar contract and approval from HR to submit resumes for a specific requisition, Regal Rexnord will not consider or approve payment to any third-parties for hires made.

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