Director of Insurance

Company: transdevna
Location: Lombard
Posted on: May 27, 2023

Job Description:

Overview:Transdev U.S. has an exciting opportunity for an accomplished leader to join our team as Director of Insurance,reporting to the Chief Finance Officer.

The Director of Insurance serves as an internal expert for the company's North American operations. The Director provides counsel, advice, and reporting on a broad spectrum of risk-related issues (e.g., risk identification and mitigation strategies, insurance and non-insurance risks transfer strategies, loss funding and accrual requirements, and claims management activities). Risk identification may include operational, strategic, financial, property and hazard risks, the scope of risk mitigation and transfer responsibilities are primarily centered on property, casualty, and surety insurance programs (e.g., Workers' Compensation, Auto Liability, General Liability, Cyber, Pollution Liability, Directors' & Officers', Fiduciary Liability, Crime, Property, Surety Bonds and Letters of Credit).

The Director of Insurance focuses primarily on domestic insurance programs, however, they also coordinate efforts with Transdev's Corporate Risk Management function in Paris as it relates to the placement and oversight of global insurance programs (e.g., Excess Liability and Airport/Aircraft, Property and Terrorism, etc.).Responsibilities:The Director proactively ensures a balanced approach to managing uncertainty and risk in the delivery of strategic objectives and commercial outcomes.

• Direct efforts for the placement of domestic North American insurance policies, surety bonds, and supporting administrative services (e.g., insurance brokers, third-party claims administrators, actuaries, and risk management information systems)
• Provide expert level assistance to business divisions in contract reviews and negotiations of insurance and indemnity provisions in leases and commercial contracts and request for proposals to minimize the company's exposure to risk.
• Direct the effective and timely management of insurance certificates, both outgoing issued on behalf of the company for its various stakeholders, and incoming from business partners (e.g., clients, contractors, and vendors).
• Lead the identification, communication, measurement, and management of company-wide risk
• Identify and quantify loss exposures which result from corporate operations, assets, and personnel
• Actively engage with business to seek opportunities to continue to mature existing programs while identifying and managing current key organizational risks
• Develop strategies to minimize loss exposures to reduce the cost of the property/casualty programs
• Advise Senior Management of strategies to reduce risks and their related costs
• Actively participate with Legal, Business Development and Procurement on evolving insurance and indemnification provisions dealing directly clients
• Develop and maintain relationships with internal stakeholders, carriers, vendors, and other key members of the risk management industry
• Accountability for performance and results of Risk Management programs in alignment with strategic goals and objectives
• Responsible for proper account design, data collection and analysis of trends related to risk of financial loss to the company
• Track, calculate and communicate, as required, the company's exposure from workers compensation, auto liability and general liability claims
• Direct, design, implement and monitor of retained risks and swing program and regular analysis of additional risk financing alternatives for the property/casualty program
• Direct surety bond program to ensure timely contract processing, optimal bond pricing, minimal collateral requirements, and maintain favorable surety market relations
• Design, direct and negotiate agreements with third-party claims management administrator and other risk related business partners/vendors (i.e brokers, underwriters, etc.) for management of insured risk, including but not limited to general liability, workers compensation and auto liability in various jurisdictions
• Continually evaluate performance of claim administrators/TPAs and review costs associated with all claims handling
• Design and maintain program structure, procurement and financial processes of all insured programs working with internal and external parties to secure proper insurance coverage to include providing professional submissions to potential insurers to portray the company in a favorable light with underwriters
• Direct regular annual formal actuarial analyses in addition to periodic smaller analyses to regularly evaluate and substantiate the status of retained financial risk from main property/casualty exposure (General Liability, Auto Liability and Workers Compensation)
• Evaluate insurance policies and respective coverage for accuracy and confirm adequacy of satisfying requirements of contracts
• Negotiate changes and/or corrections with insurers leveraging broker relationshipQualifications:Qualifications
  
  • Bachelor's degree in Risk Management or Business Administration with concentration in risk management or equivalent work experience.
  • 10 years multi-national risk management experience with background in transportation or construction.
  • Direct experience in the negotiation and administration of multi-line property and casualty insurance renewals
  • Direct experience in the negotiation of contracts.
    Preferred to include the following:
    
    • Experience administering multi-state risk financing programs that include: monopolistic state funds; High Deductible; and Captive Insurance programs.
    • Risk consulting experience (e.g., risk assessment; claims; risk mitigation)
      
      About Transdev:
      
      Based near Chicago, Transdev is the largest private-sector operator of multiple modes of transit in North America, including bus, rail, streetcar, paratransit, and shuttle services. Transdev is committed to being the trusted partner of cities and transit authorities through quality execution and innovations in mobility. Its parent company, Transdev Group, is a leading global operator and integrator of mobility operating in 17 countries and provides passengers every day the freedom to connect to what they care about in their cities. www.transdevna.com
      
      The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified.
      
      The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions upon request.
      
      Transdev is an Equal Employment Opportunity (EEO) employer and welcomes all qualified applicants. Applicants will receive fair and impartial consideration without regard to race, sex, color, national origin, age, disability, veteran status, genetic data, gender identity, sexual orientation, religion or other legally protected status, or any other classification protected by federal, state, or local law.
      
      EEO is the Law Poster:
      
      Drug free workplace
      
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Keywords: transdevna, Lombard , Director of Insurance, Executive , Lombard, Illinois