Director- Risk Management

As a premier global food provider, the OSI Group partners with the world’s leading foodservice and retail food brands to provide concept-to-table solutions that delight consumers around the globe.  

Join us and discover a work experience where diverse ideas are met with enthusiasm, and where you can learn and grow to your full potential. We’re looking for individuals who thrive in an entrepreneurial environment and who enjoy working as a team to deliver unparalleled service and solutions to our customers.  

The salary range posted represents the low and high end of OSI’s salary range for this position. Salaries will vary based on various factors, including but not limited to, location, education, skills, experience and performance. Base salary is one component of OSI’s overall total rewards package. Other components may include bonuses, special pay programs, comprehensive time off, 401k with match and a full suite of benefit offerings for you and your family. 

Principal Duties & Responsibilities:

• Individual in this role manages a team, has authority to hire and performance-manage the team.
• Individual in this role leads/supervises/manages 1-5 employees.

General Risk Management

• Develop a risk management strategy for the corporation which is in support of the overall organizational objectives, identifying both short and long-term goals. 
• Develop a Risk Management Policy Statement and Global Risk Council.
• Identify and analyze potential impact of exposures of loss faced by corporation. 
• Provide leadership to corporate and to division personnel in adopting the best demonstrated practices of companies that have been very successful in risk management. Monitor results of these activities.
• Contracts with, manages and monitors compliance against standards for third parties such as carriers, brokers, safety engineers, third party administrators, and risk consultants.
• Conduct comprehensive due-diligence reviews for prospective acquisitions and planned divestitures to uncover material risk-management and insurance exposures, assess the adequacy of existing coverage, quantify potential liabilities, and present clear, actionable recommendations to senior leadership.
• Approve vendor onboarding and review / approve request for Certificates of Insurance

Financial Management

• Oversee preparation of annual risk management and insurance budget, including cost allocation to divisions and Total Cost of Risk.
• Compute and monitor versus budget the Total Cost of Risk.
• Oversee preparation of periodic chargeback of losses to divisions, as appropriate.
• Coordinate financial and administrative reporting for captive.
• Prepare quarterly budget-to-actual reports.

Communications

• Develop and maintain Risk Management Manual.
• Provide consultation and technical advice on insurance and risk management issues to corporate and divisions management and others, as needed.
• Prepare quarterly reports for management.
• Make recommendations and report on progress to Global Risk Management Council.

Insurance Protection

• Global insurance protection procurement across all lines of insurance programs. 
• Conduct cost/benefit of program alternatives; evaluate adequacy of limits and appropriateness of retentions/deductibles for global and local programs.
• Make recommendations to CFO and Board regarding insurance purchases 
• Prepare complete underwriting submission packages to advocate on behalf of OSI.
• Negotiate insurance coverage placement and service agreements.
• Review insurance and risk management aspects of leases, major contracts and other legal documents assure compliance and company is properly protected in case of loss/event.
• Maximize use of captive and coordinate reporting and financial evaluation of programs in the captive. 
• Receive, check for accuracy and maintain insurance policies.
• Obtain/issue Certificates of Insurance, Auto I. D. Cards and bonds, as needed.

Risk Management Information Systems

• Develop and retain vital information regarding corporate risk management programs such as historical insurance policies and exposure data.
• Maximize use of RMIS system for claims analysis, underwriting submissions, management reporting, and identify potential losses to the company.

Claims Management

• Analyze loss data to identify trends and developments and identify appropriate claim cost containment techniques, manage litigation and claims resolution process. Collaborate with legal and other personnel on pertinent claims matters.
• Provide direction in the adjustment of claims, investigation of major losses and in settlement negotiations.
• Establish and monitor compliance with formalized claims service standards with service providers.
• Provide direction in the development of effective Pre-Loss and Post-Loss Injury Management Programs.
• Approve claims payments within authority level.
• This role has the responsibility to understand and places in practice appropriate safety procedures.  This responsibility is achieved through education, training, use of protective equipment (as applicable) and by following safety policies, regulations, standards, and laws.
• Perform other duties as assigned.

Experience & Skills:

• 5-10 years of experience in related field is preferred.
• Excellent proficiency in all Microsoft Office Suite Products.
• 5+ years managing a global risk management function for a manufacturing company with experience managing a safety program within that environment.
• Experience in claims management or claims processing.
• Understanding of accounting principles, allocation methods, cost of insurance and ability to evaluate risks and rewards on financial and non-financial basis.
• Familiar with information systems and how to mine data to create actionable reporting.
• Food industry experience a plus.

Preferred Education:

• BA/BS degree or equivalent is preferred.
• Major in Business, Insurance or Engineering preferred.

Work Environment: 

• Work is generally performed within a business professional office environment, with standard office equipment available.
• Work conditions are typical of an office environment.
• This role requires both domestic and international travel.
• Position may require the physical agility of lifting up to 15 pounds
• Position may require frequent and/or infrequent of bending, squatting, pushing, pulling, stretching/reaching, use hands or fingers, talk, hear, feel objects, tools, controls and standing/walking on concrete flooring.
• Position may require the physical ability to stand/walk for Less than 4 hours.