Watsco Inc

Risk Manager

Watsco Inc • $95K — $115K *
Coconut Creek, FL 33097In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years in corporate risk management or insurance brokerage.
  • Bachelor's degree in Risk Management, Business, Finance, or related field.
  • 3+ years managing corporate insurance renewals across various coverages.
  • Proven track record in identifying and mitigating corporate risk.
  • Exceptional attention to detail and problem-solving skills.

Responsibilities

  • Manage and oversee Watsco's risk management framework and insurance programs.
  • Lead the insurance renewal process, ensuring compliance and effective communication with stakeholders.
  • Administer claims to ensure timely resolution and activity.
  • Conduct operational risk analyses to assess insurance needs and exposures.
  • Develop internal training to build risk awareness organization-wide.

Benefits

  • Hybrid work schedule at Coconut Grove HQ.
  • Collaboration with a committed and experienced risk management team.
  • Opportunities to pursue continuous professional development and coaching.
  • Contributions to shaping insurance and risk management strategy.
Full Job Description
We are actively seeking to add a Risk Manager to our Risk Management team.

The Risk Manager is responsible for maintaining and enhancing the Company's risk management and insurance framework, bond and surety program and compliance. This individual will serve as a trusted advisor within the department and the organization who is required to proactively identify, assess and mitigate threats. The Manager will assist the Director of Risk Management in putting plans in place to mitigate, remediate any incident and decide the best ways to proactively avoid, reduce, mitigate or transfer risk. This individual will help drive the insurance renewal process and overall management of the corporate risk management framework while managing Watsco's partnership with internal clients, insurance brokers and providers as needed.

Primary Duties:

Risk Management and Insurance:

  • Front-facing management of Watsco risk management framework and insurance programs.
  • Lead Watsco's insurance renewal processes, including but not limited to the collection of internal information, organizing meetings with stakeholders, providing and presenting the findings and renewal results and recommendations to the Director of Risk Management.
  • Ensure all claims are reported and handled in a timely and compliant manner.
  • Manage and administer claims proactively to ensure timely resolution, activity and reserves.
  • Ensure timely response to insurance-related requests, including but not limited to COIs, contract reviews, BIDs, RFP, claims notices etc.
  • Lead planning and administration of risk and crisis management strategies and programs.
  • Conduct operational risk analyses and research areas of exposure to assess insurance needs.
  • Proactively identify opportunities to improve operational practices and processes.
  • Develop operational risk management reporting and data analysis.
  • Oversee and administer all insurance quotes, binders, policies, schedule of insurance, renewal presentation etc.
  • Review contracts and agreements (leases, suppliers, customers, services etc.) to ensure insurance adequacy, risk transfer and indemnity provisions are acceptable and aligned to the Company guidelines.
  • Identify and pursue risk mitigation and risk transfer opportunities in close collaboration with the operational teams, business development, legal, insurance, and procurement.
  • Monitor insurance market dynamics and forecast market trends by gathering, maintaining, analyzing, and presenting data and make recommendations to the Director of Risk Management related to the findings.
  • Provide technical advice on insurance related matters, loss prevention and other risk management issues.
  • Coordinate insurance submissions/applications/agreements for all programs and work closely with the risk management team, insurance brokers and internal stakeholders.
  • Consolidate all claims loss and financial data for multiple plans and analyze the data to build monthly, quarterly, and annual reports for management as needed.
  • Develop and lead all internal risk-related matters by developing support, education and training across the organization to build risk awareness.
  • Stay apprised of insurance industry trends and strategies and advise the company on opportunities to adopt or respond.
  • Provide general support to the Risk Management Department as needed.

Bond and Surety:
  • Build, maintain, and manage a surety bond program that cost-effectively addresses the company's risks and meets client and jurisdictional requirements.
  • Ensure timely response to surety-related requests, including but not limited to permit and license bond requests, contract bond opportunities and surety reference letters.
  • Advise bidding and estimating teams on available capacity, bond structure, and surety expectations.
  • Manage surety and broker relationships in conjunction with the Director of Risk Management.
  • Track and close completed bonds to maximize available bonding capacity.
  • Stay apprised of surety industry trends and techniques and advise the company on opportunities to adopt or respond.


Qualifications:
  • Five to seven years minimum in corporate risk management or insurance brokerage, with an insurance company or large brokerage firm.
  • Bachelor's degree in Risk Management, Business, Financial, Management, or related field.
  • Ability, and willingness, to work a hybrid schedule in our Coconut Grove HQ

Requirements:
  • 3+ years' experience managing corporate insurance renewals for a wide variety of coverages
  • Display a proven track record of identifying and mitigating corporate risk.
  • Self-motivated with a strong work ethic and a team player disposition.
  • Demonstrate ability to span between tactical execution and strategy through a willingness to roll up your sleeves and do the work in addition to thinking through the plan.
  • Possess impeccable attention to detail and exceptional problem-solving skills, in particular with insurance policy, claims, and contract review.
  • Utilize the ability to learn, adapt quickly, and consistently apply critical thinking skills.
  • Pursue continuous improvement and be receptive to coaching from supervisor.
  • Display self-awareness and a natural curiosity.
  • Possess strong critical thinking, analytical, written, and verbal communication skills.
  • Leverage proven ability to build collaborative partnerships and lead through influence.
  • Strong math and computer skills, including Microsoft Office, Sales Force, Share Point, BI etc.
  • Exceptional planning and organizational skills.
  • Excellent time management skills and the ability to work independently with minimum supervision in a collaborative environment.
  • Reliable and thorough with a commitment to accuracy.
  • Ability to serve as strategic business partner to meet current and anticipated business objectives.
  • Ability to work in a very fast-paced work environment and support peers in a collaborative team setting

About Watsco Inc

Watsco is a distributor of heating, air conditioning, and refrigeration (HVAC/R) products as a manufacturer of parts and components for HVAC/R equipment.

Watsco Inc Careers

Join the dynamic team at Watsco Inc, the leading distributor in the HVAC industry, and be part of a company known for its enduring commitment to innovation and growth. At Watsco Inc, we offer more than just job opportunities; we provide a platform for professional development and leadership in an environment that values diversity and inclusion.

Work You’ll Do

Embark on a career with Watsco Inc and contribute to our mission of transforming the HVAC industry through sustainable and innovative solutions. Our team at Watsco Inc is at the forefront of industry expertise and digital innovation, making us a unique leader in the marketplace.

Explore Professional Growth and Development

Watsco Inc is dedicated to the professional growth of its employees, offering unparalleled career advancement opportunities. With a variety of training and development programs, Watsco Inc supports your journey from internship to full-time leadership positions. Our commitment to professional growth ensures that every team member has the resources and support to succeed.

Innovative Work Environment

Join a team of over 5,000 dedicated professionals who are driving change in the HVAC industry. At Watsco Inc, innovation isn’t just another word—it's part of our culture and every project we undertake. Engage in work that challenges the status quo, utilizing your skills to contribute to meaningful projects that have a tangible impact on our business and the environment.

Diversity and Inclusion

At Watsco Inc, we believe that diversity fuels innovation. Our inclusive culture embraces different perspectives and creates a vibrant workplace where all employees can achieve their potential. Diversity training is integral to our operations, ensuring that we continue to lead with empathy and understanding in all aspects of our business.

Benefits and Culture

Choosing a career at Watsco Inc means joining a company that prioritizes the well-being and satisfaction of its employees. We offer a competitive package of benefits designed to support the diverse needs of our team members. From health and wellness programs to flexible working conditions, we ensure that our employees are well taken care of.

Join Our Team

Discover the array of job opportunities at Watsco Inc, from entry-level positions to senior roles in various departments. We are always looking for passionate, curious, and innovative individuals to join our team. Explore open positions that match your skills and interests, and take the first step towards a rewarding career at Watsco Inc.

Stay Connected

Keep up to date with the latest at Watsco Inc by following our careers blog. Gain insider perspectives and industry-leading insights that can help you navigate your career path. Personalize your experience by subscribing to job alert emails, tailored to your preferences and skills.

Networking and Interviews

Networking at Watsco Inc opens doors to numerous opportunities within the company and the broader industry. Prepare your resume and sharpen your interview skills to take advantage of the career opportunities available. Our hiring process is designed to identify and nurture talent, ensuring that every new member is a perfect fit for our team. At Watsco Inc, your career is what you make of it. Join us and be part of a company that is reshaping the future of the HVAC industry through leadership, collaboration, and innovation.
Learn more about Watsco Inc
Size
6,850 employees
Market Cap
$9.7 billion
Industry
Real Estate & Construction
Net Income
$269.5 million
Founded
1945
5 Year Trend
+8.3%
Revenue
$5 billion
NASDAQ
WSO
* Ladders Estimates

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