Lockton

Risk Manager

Lockton$100K — $120K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in business or related field, or equivalent experience
  • 7+ years managing complex claim programs
  • Certification as Safety Professional, ASP, ARM, or CRIS
  • Knowledge of Third-Party Administrator practices
  • Proven experience in evaluating property and casualty claims reserving
  • Strong communication skills with senior management
  • Proficient in Microsoft Office Suite (Word, Outlook, Excel, PowerPoint)

Responsibilities

  • Own and manage the client's risk program
  • Act as a strategic consultant for U.S. offices
  • Analyze and review loss management program effectiveness
  • Partner with brokerage services to improve total cost of risk
  • Establish reporting protocols for risk mitigation and cost analysis
  • Review and recommend changes to risk management policies
  • Draft and present risk reports to executive leadership
  • Implement risk management solutions and provide oversight for loss prevention programs

Benefits

  • Exposure to a diverse range of complex risk scenarios
  • Collaboration with leading insurance brokerage services
  • Opportunity to influence executive decisions
  • Professional development through industry training sessions
  • Access to a wide professional network in the insurance sector
Full Job Description
Job Summary:

The Risk Manager will oversee the client's comprehensive insurance and risk management program, assessing and identifying risks that could impede the reputation, safety, security, or financial success of the organization.

Position responsibilities

  • Own, drive, and manage client's risk program.
  • Serve as the key consultant to our internal partners, operating as a strategic consultant to all U.S offices.
  • Reviews and analyzes the effectiveness of loss management programs, including coverages and ways to reduce costs and losses.
  • Partners with Lockton's brokerage services to assess various risk finance and purchasing opportunities to improve total cost of risk; leverages quantitative analyses to present findings and recommendations.
  • Architect reporting protocol for all Risk Mitigation programs and cost analysis. Establishes policies and procedures to identify and address risks in the organizations services and departments, conducts risk assessments, collecting and analyzing documentation. statistics, reports, and market trends.
  • Reviews and assesses risk management policies and protocols; makes recommendations and implements modifications and improvements.
  • Reviews and analyzes metrics and data such as cash flow, inventory, breakage, and employee activity that could uncover fraudulent behavior.
  • Drafts and presents risk reports and proposals to executive leadership and senior staff.
  • Recommends and implements risk management solutions such as insurance, safety and security policies, business continuity plans, or recovery measures.
  • Provides oversight and strategic direction for our internal loss prevention programs.
  • Acts as a liaison to attorneys, insurance companies and individuals, investigating and incidence that may result in asset loss.
  • Review and negotiate insurance provisions in contracts (with assistance/input from Legal).
  • Respond to and ensure completions of Certificate-of-Insurance requests
  • Respond to general insurance inquiries
  • Coordinate the general administration of insurance - including, but not limited to exposure collection, insurer presentations and submission materials, preparation of an insurance budget, summaries of insurance to key internal personnel, account handler communication and coordination of activities/services, liaison with all necessary Lockton internal departments.
  • Manage claims and loss control activities
  • Represent client in the insurance market - meet with insurers on behalf of the client and manager other third-party vendor relationships.


Requirements:

Position qualifications

  • Bachelor of Arts or Sciences degree in business field, related field, or equivalent practical insurance claim management experience
  • 7+ years of experience and expertise to manage large and complex claim programs
  • Certified in Safety Professional, ASP, and ARM or CRIS.
  • Substantial knowledge of the practices and procedures of Third-Party Administrators, and the skill to effectively develop long term partnerships that meet client expectations and needs
  • Proven experience in the evaluation of the accuracy of property and casualty claims reserving practices
  • Demonstrates the skills and confidence to be effective in communicating with senior level management within the client's organization
  • Strong knowledge the evaluation, interpretation and communication of insurance claims and coverage
  • Strong knowledge of Microsoft Office Suite (Word, Outlook, Excel, and PowerPoint)
  • Strong verbal and interpersonal communication skills required
  • Understands industry trends and governmental regulations
  • Ability to complete continuing education requirements as needed
  • Ability to attend company, department, and team meetings as required, including industry training sessions
  • Ability to comply with all company policies and procedures, proactively protecting confidentiality of client and company information
  • Ability to efficiently organize work and manage time to meet deadlines
  • Ability to travel by automobile and aircraft
  • Ability to work outside of normal business hours as needed
  • Legally able to work in the United States

About Lockton

Lockton Companies is the world's largest privately held insurance brokerage firm, providing insurance, risk management, employee benefits and retirement services. The company was founded in 1966 and is headquartered in Kansas City, Missouri. Lockton has more than 7,500 associates in over 100 offices worldwide. The company serves clients in a variety of industries, including construction, healthcare, hospitality, manufacturing, real estate, and technology. Lockton is known for its innovative solutions and exceptional customer service.
Learn more about Lockton
Size
7,500 employees
Industry
Founded
1966

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