Director of Risk Management

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🔥 17 minutes ago

🏄 California – Remote

🏄 California – Remote

⏰ Full Time

🔴 Lead

🎲 Risk

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Dayforce

WebsiteLinkedInAll Job Openings

5001 - 10000 employees

👥 HR Tech

☁️ SaaS

🏢 Enterprise

💰 $1G Post-IPO Debt - Dayforce on 2024-03

HR Tech • SaaS • Enterprise

Dayforce is a cloud-based human capital management (HCM) platform offered by Ceridian. It integrates payroll, HR, benefits administration, talent management, workforce management (time and attendance, scheduling), and related workforce processes into a single SaaS application aimed at business customers.

📋 Description

• Performs the assessment and management of the company's corporate risks • Establishes, evaluates and performs best practices for risk management • Develops, implements and monitors risk management policies of the company • Oversees corporate audit program • Develops and manages the corporate insurance budget • Develops and maintains risk management procedural manuals • Implements, monitors and maintains effective record keeping systems for the full range of risk and legal records and documents • Works directly with senior management to identify risk strategies and corporate projects • Identifies, secures, renews and manages all necessary and prudent commercial insurance to manage risk • Monitors insurance policies to ensure adequate coverage and communicates policy coverage to appropriate staff • Provides additional coverage as needed and provides certificates of insurance coverage as requested • Manages the insurance renewal process, including staging multiple renewals simultaneously • Partners with CAO on final proposals and recommendations • Effectively manages and coordinates the activities of brokers and insurers • Reports, monitors and completes all claims • Analyzes, recommends, implements and monitors policy and procedure revisions to improve loss prevention • Coordinates with claims adjusting staff to effectively investigate and address losses and prevent further loss • Develops insurance budgets for division management using appropriate allocations methodology • Manages certificates of insurance • Verifies certificates meet contractual wording/requirements • Performs negotiations for all insurance programs company has in place • Works with Producer to verify all carriers used or approached for insurance meet solvency requirements • Maintains and manages carrier approval process for ratings below A- • Informs CAO about carrier rating changes on a quarterly basis and summarizes all A- or below rated carriers for reevaluation with SMDs and Operating Committee • Verifies and recommends actions to be taken with carrier rating changes according to procedure • Reviews all insurance policies for accuracy and negotiate changes/corrections through broker • Prepares professional submissions to portray company in most favorable light to Underwriters • Collects underwriting information • Reviews costs associated with all claims handling and develops strategy to improve risk performance • Continual communication with Senior Management and coordination with Legal Counsel on claims management • Identifies lessons learned relative to claims in order to feed back to the business • Interfaces with all corporate and operational leaders on risk reduction strategies • Develops/maintains allocation systems to allocate RM costs to appropriate areas within the company • Analyzes, develops and trends historical data to forecast probabilities of various loss levels • Works with insurance companies to accurately set reserves for known exposure • Leads corporate efforts on disaster recovery planning, business continuity, and local safety committees • Monitors developments in the regulatory framework and proactively adapts risk management process and procedures whenever necessary • Other duties as assigned.

🎯 Requirements

• Bachelor's Degree in Risk Management, Finance or related discipline • Ten (10) or more years working in a Risk Management leadership capacity • Expertise at analyzing risks appropriately and developing programs, processes and controls for managing risks and mitigating losses • Experience in exposure to all lines of coverage, direct claims responsibility, oversight of the insurance transaction, and managing insurance broker relationships • Experience working for a broker