Director, Insurance Risk Management Position Available In Palm Beach, Florida

Director, Insurance Risk Management Oxbow Carbon

LLC – 3.4

West Palm Beach, FL Job Details Estimated:

$115K – $149K a year 1 day ago Benefits Health insurance Dental insurance Paid time off Vision insurance 401(k) matching Life insurance Qualifications 7 years Underwriting Writing skills Master’s degree Bachelor’s degree Legal drafting Risk management Associate in Risk Management Senior level Business Leadership Communication skills Full Job Description Founded in 1983 by principal shareholder William I. Koch, Oxbow is one of the world’s largest recyclers of refinery and natural gas coproducts. Oxbow is headquartered in West Palm Beach, Florida with approximately 950 employees operating from more than 30 locations in 14 countries worldwide. Oxbow is a world leader in the production and distribution of calcined petroleum coke and the distribution of fuel grade petroleum coke. Oxbow also provides bulk storage and handling for petroleum coke and other commodities. Oxbow’s scale, expertise and leading market positions have allowed it to create a powerful global sourcing platform with superior market intelligence and longstanding relationships with many of its key suppliers and customers. Oxbow’s products are essential in the production of aluminum, steel, glass and cement and our specialty products are used in variety of innovative products, including high performance plastics, solar panels, electronics and batteries. Oxbow is currently looking for a Director of Insurance Riks Management to join our team in West Palm Beach. The job duties are as follows:

Strategic Direction :

In consultation with the Treasurer and CFO, sets the strategic direction for insurance risk management programs.

Program Management :

Oversees the delivery of these programs across the company, coordinating with business management.

Risk Assessment :

Develops and advises management on potential risk exposures and determines appropriate insurance levels.

RFP Preparation :

Prepares and initiates requests for proposals for insurance and risk management services.

Insurance Applications :

Completes and analyzes insurance applications, ensuring accurate and complete data submission.

Contract Analysis :

Analyzes and interprets insurance contracts, including terms, structures, retentions, and coverage.

Contract Negotiation :

Negotiates contractual provisions and insurance requirements with third parties, including drafting and reviewing vendor and tenant certificates of insurance.

Policy Management :

Procures and manages the company’s insurance policies, analyzing types, scope of coverage, premiums, and terms.

Claims Management :

Manages the reporting, handling, and settling of insurance claims, analyzes loss history, and develops policies to mitigate claim frequency and severity. Acts as the corporate liaison for worldwide claims and provides timely notification to insurance carriers.

Stakeholder Coordination :

Coordinates with in-house legal counsel, health and safety teams, claims administrators, insurance brokers, and carriers to efficiently investigate, process, and defend claims.

Information Maintenance :

Maintains critical information regarding the company’s insurance policies, named insured, renewal dates, and other relevant data.

Loss Control :

Works with management, brokers, and insurance carriers to oversee and administer portfolio-wide policies and procedures for loss control activities and property inspections.

Policy Development :

Develops policies and procedures and provides training and educational materials to employees on insurance and risk management.

Relationship Management :

Maintains strong relationships with existing insurance carriers and develops new relationships with insurance markets.

Third-Party Management :

Manages relationships with third-party service providers, including brokers, consultants, third-party administrators, and insurance carriers.

Contract Review :

Reviews contracts and deal structures for insurance implications and takes necessary action.

Staff Development :

Works with direct reports to establish annual goals and objectives, monitoring progress to enhance professional development.

Special Projects :

Supports management with special projects and other duties as assigned. The key qualifications for the role of Director, Insurance Risk Management include:

Education :

A bachelor’s degree in business, insurance, or administration is required. A master’s degree in these fields is preferred.

Certifications :

One or more of the following professional certifications are preferred: Certificate in general insurance Associate in risk management (ARM) Certified risk manager (CRM) ARM with enterprise-wide risk management designation Chartered property and casualty underwriter

Experience :

Seven years of experience in the following areas: Drafting, reviewing, and negotiating contractual insurance requirements in leases, service contracts, and construction and loan agreements. Insurance claim reporting and settlement. Developing and administering risk management policies and procedures.

Skills :

Strong communication skills, ability to establish specific, measurable, achievable, and relevant goals, and well-planned and organized work. The physical requirements for the role of Director, Insurance Risk Management include:

Extended Sitting or Standing :

The role typically involves sitting or standing for extended periods in front of a computer.

Lifting and Moving Objects :

Occasionally, the role may require lifting, carrying, or positioning objects weighing up to 20 pounds.

Mobility :

The role may require moving about to coordinate work.

Communication :

The ability to communicate or exchange ideas verbally or in writing is essential for imparting information to clients or the public and conveying detailed instructions to other workers.

Weekend/Evening Work :

The role may occasionally require weekend or evening work.

Travel :

The ability to travel is needed as a requirement. Why Join Us? Be part of a forward-thinking company that values innovation and continuous improvement. Work in a collaborative and supportive environment. Competitive compensation package. Health, dental, vision and life insurance. Generous 401k match and paid time off.