Director of Risk Management
Position Summary:
We are seeking an experienced and strategic Director of Risk Management to lead the development, implementation, and oversight of comprehensive risk management and insurance programs. This senior leadership role is responsible for identifying, assessing, and mitigating enterprise-wide risks while optimizing insurance coverage, claims management, and loss prevention strategies. The Director will serve as a key advisor to executive leadership on risk-related matters, ensuring alignment with organizational objectives, regulatory compliance, and cost-effective risk financing. This position reports to the Chief Financial Officer and leads a team of risk management professionals.Key Responsibilities
- Develop, implement, and continuously improve enterprise risk management frameworks, policies, and procedures to identify, evaluate, and mitigate operational, financial, strategic, and insurable risks.
- Oversee the organization’s insurance programs, including property, casualty, liability, workers’ compensation, directors & officers, cyber, and other specialized coverages. Negotiate terms, manage renewals, and liaise with brokers, carriers, and underwriters.
- Lead claims administration, loss control initiatives, and incident investigations to minimize financial exposure and prevent recurrence.
- Conduct regular risk assessments, audits, and scenario analyses. Provide recommendations to senior leadership on risk tolerance, mitigation strategies, and alternative risk financing options.
- Ensure compliance with all applicable federal, state, and local regulations, industry standards, and contractual insurance requirements, including contract reviews for risk transfer and indemnification.
- Manage the risk management budget, including insurance premiums, self-insurance programs, and third-party service providers.
- Build and maintain strong relationships with internal stakeholders across departments to embed risk awareness and support proactive risk management.
- Supervise, mentor, and develop the risk management team, fostering a culture of safety, compliance, and continuous improvement.
- Monitor industry trends, emerging risks, and best practices in risk management and insurance. Recommend program enhancements as needed.
- Prepare risk reports, dashboards, and presentations for executive leadership and the board of directors.
Qualifications Required:
- Bachelor’s degree in Risk Management, Business Administration, Finance, Insurance, or a related field. Master’s degree preferred.
- Minimum of 10 years of progressive experience in risk management, insurance, or a closely related field, including at least 5 years in a leadership or director-level role.
- Demonstrated expertise in designing and managing insurance programs, claims handling, and loss prevention.
- Strong knowledge of insurance products, risk financing techniques, regulatory requirements, and enterprise risk management frameworks.
- Proven leadership skills with experience building and managing high-performing teams.
- Excellent analytical, negotiation, communication, and interpersonal skills with the ability to influence and collaborate at all organizational levels.
Preferred:
- Direct experience working in an insurance agency or carrier environment, with deep familiarity of underwriting, policy placement, and carrier relationships.
- Professional designations such as Associate in Risk Management, Certified Risk Manager, Chartered Property Casualty Underwriter, or equivalent.
- Experience in a corporate, multi-location, or regulated industry setting.
- Proficiency with risk management information systems and data analytics tools.
What We Offer:
- Competitive salary and performance-based bonus.
- Comprehensive benefits package including health, dental, vision, 401(k) with company match, and generous PTO.
- Professional development opportunities and support for continuing education and certifications.
- Collaborative, forward-thinking work environment with opportunities to make a significant impact on organizational resilience.
My name is Brandon Womack, and I look forward to discussing your career aspirations for a future role as a Commercial Lines Account Manager – Middle Market.
For a fully CONFIDENTIAL conversation about this exciting opportunity, please reach out to me directly!
Brandon Womack
Search Consultantgpac - Insurance Division
(605) 800-4384
brandon.womack@gogpac.com
All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.
GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.
