Job Title: Director of Risk Management
Department: Risk Management FLSA Status: Exempt
Reports To: COO
Summary: Identify and mitigate financial and operational risk. Deliver complete visibility into all lines of business and full data consistency.
- Duties and Responsibilities:Maintain an effective, proactive risk management program for all products at the program, agent, and dealer levels.
- Monitor underwriting experience at the dealer, agent, and program level
- Provide management reports/updates on underperforming dealers, agents, and programs, including developing remedial loss control actions as needed.
- Develop agent presentations on effective risk management techniques for their dealers
- Serve as insurance carrier liaison.
- Develop and maintain successful relationships with carriers
- Maintain knowledge of insurance carrier practices and procedures related to product, dealer, and agent requirements.
- Prepare presentations and reports for management and carriers as required.
- Product Development
- Enhance existing products to remain competitive
- Secure insurance for products as required
- Develop new products
- Develop and implement streamlined processes and procedures for risk reporting and tracking.
- Report business performance and projections to the executive team and key stakeholders.
- Obtain, review, and confirm procedures and results from external actuarial firm.
- Adapt to changing responsibilities to accommodate company growth.
- Podium Review Requirements – two per month
- Other duties as assigned.
