Transformco

Director, Risk Management


PayCompetitivo
LocationHoffman Estates/Illinois
Employment typeFull-Time

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  • Job Description

      Req#: 1017512BR
      JOB SCOPE:
      The Director of Risk Management at TransformCo will manage a small team comprised of two (2) direct reports, focused on property and casualty insurance placement, collateral recovery, and risk mitigation.

      JOB SUMMARY:
      The Director of Risk Management at TransformCo will oversee property and casualty insurance placement, collateral recovery, and perform essential financial tasks including forecasting and group P&L review. This role requires expert-level Excel skills and a minimum of seven (7) years of experience in risk management, focusing on insurance and financial analysis. The successful candidate will lead a team, engage with stakeholders, and contribute to the financial stability and risk mitigation efforts of the company.

      SUPERVISION:
      Direct : 2

      REPORTS TO:
      DVP, Internal JOB DUTIES/RESPONSIBILITIES:
      • Leads the placement and management of property and casualty insurance programs to protect the company's assets and minimize risk exposure
      • Performs in-depth risk analysis and assessments to identify potential risks affecting the company. Develop and implement mitigation strategies to manage identified risks effectively
      • Develops and implements strategies for the effective recovery of collateral, minimizing losses and enhancing the financial stability of the company
      • Conducts financial forecasting related to risk management activities, providing insights and recommendations for strategic decision-making
      • Participates in the group's P&L review process, analyzing financial data to identify trends, variances, and areas for improvement
      • Liaises with internal and external stakeholders, including insurance brokers, underwriters, and financial institutions, to negotiate terms and optimize coverage
      • Develops and maintains risk management policies and procedures to ensure compliance with regulatory requirements and industry best practices
      • Leads, mentors, and develops a team of risk management professionals, fostering a culture of continuous improvement and professional development
      • Performs supervisory functions, including but not limited to, making employment decisions regarding hiring, promoting, demoting and terminating, conducting performance appraisals and coaching and developing associates
      JOB REQUIREMENTS:
      • Bachelors Degree
      • Over 10 years of related experience
      • 18 years of age or older
      REQUIRED SKILLS:
      • Bachelor's degree in Finance, Risk Management, Business Administration, or a related field
      • A minimum of seven (7) years of experience in risk management, with a focus on property and casualty insurance and collateral recovery
      • Expert-level proficiency in Microsoft Excel and financial modeling, with the ability to analyze complex data sets and provide actionable insights
      • Strong understanding of financial forecasting, budgeting, and group P&L review processes
      • Excellent negotiation, communication, and stakeholder management skills
      • Proven ability to lead and develop a team in a dynamic and fast-paced environment
      • Detail-oriented with strong analytical and problem-solving skills
      PREFERRED SKILLS:
      • Master s degree or professional certifications (e.g., CRM, FRM) are highly desirable
  • About the company

      We are transforming Transformco® into an integrated retail company that provides superior value through trusted brands, great products and convenient, reliable services. We want you to be a part of our journey. Are you in?