THE POSITION:STACK is looking for a Director of Risk Management to grow and mature its insurance programs. As a leader in hyperscale data center development and operations, STACK has a substantial portfolio of construction and operational risk requiring diligent placement, management and renewal of insurance programs. This cross-functional role requires effective communication and collaboration with company leadership, our financial sponsor (Blue Owl) risk management stakeholders, finance organization members, construction project managers and EHS leaders. The Director of Risk will report to the Treasurer. This role initially is an individual contributor role.
- In collaboration with Blue Owl, define risk management framework (policy, strategy, plan), establish risk management process, and organize risk management resources with leadership support
- Work directly with construction and financing teams to manage placements of construction risk policies and organize ongoing monitoring of construction risk
- Manage claims and loss control process
- Direct the purchase and annual renewal of the property & casualty, executive risk, cybersecurity, and other corporate coverage lines for STACK
- Manage STACK's surety bond placements in coordination with development and power teams
- Manage third party relationships with service providers such as brokers, insurers, financing counterparties, and other stakeholders
- Work with preconstruction teams to operationalize appropriate insurance cost assumptions for project budgets
- Perform contract reviews and communicate / negotiate terms with business units and clients in clear and accessible language
- Work with legal and supply chain stakeholders to establish and standardized insurance coverage requirements for vendors
- Field and manage COI requests from vendors and financing parties
- Advise on insurable and uninsurable risks to project teams and business unit leaders
- Maintain company Risk Management Information System (RMIS) to aggregate exposures, claim reporting and insurance coverage
MUST-HAVE QUALIFICATIONS:- Bachelor's Degree or equivalent work experience
- Minimum of 7 years' experience in an insurance related field, including construction risk
- CRIS a plus
- Experience in the data center industry a plus
- Strong written, verbal, interpersonal capabilities
- Ability to work in a high demand, rapid paced environment, managing several projects concurrently and reprioritizing based on business unit needs
- Ability to create and deliver training on insurance coverage and process
- Ability to function as an integral part of a highly collaborative team distributed across geographies and time zones
- Ability to understand issues quickly and follow through to resolution independently
- Strong problem solving, planning, and organizational skills-including multi-tasking
THIS MIGHT BE RIGHT FOR YOU IF:- You're naturally curious and driven toward the continual improvement of your own professional abilities and the organization you are managing
- You are self-directed. If a process doesn't exist, you create it
- You're a strong communicator, equally comfortable collaborating with colleagues at our HQ as well as those on-site at our data centers. You're persuasive and clear, blending analytics with experience in decision-making
- You don't get flustered easily. You can juggle multiple priorities while balancing urgent requests with shifting timelines and deliverables
Compensation Range: $192,920.00 - $216,240.00
THIS MIGHT BE RIGHT FOR YOU IF:- You are a strong communicator, you are persuasive and clear, blending analytics with experience in decision-making.
- You do not get flustered easily. You can juggle multiple priorities while balancing urgent requests with shifting timelines and deliverables.
- You are a team builder. You take the time to understand and develop the strengths of your resources while formulating long-term plans for the growth and success of the team.
- You are naturally curious and driven toward continual improvement. While you celebrate your successes, you take time to review and analyze campaigns for future learning.
