Senior Director, Risk Management

Unit Description

Senior Director, Risk Management, Sodexo North America

This position reports to Sodexo North America SVP and CFO with significant interaction and alignment with the head of Sodexo Global Risk Management. The position has five direct reports and offices in either Gaithersburg, MD or Buffalo, NY.

This position is Sodexo’s most senior corporate risk management position in North America. It includes all leadership aspects of property, casualty and liability insurance; risk management; and claim management. Emphasis on data and analytics extends to directing actuarial analysis; forecasting, budgeting and allocating total cost of risk, risk optimization, and use of risk management information system.

This position procures all property and casualty insurance specific to North American operations as well as coordinating the North American exposures included in global insurance programs. Management of broker and insurer relationships are key to success. The ability to effectively communicate risk and claim management issues, challenges and alternatives to senior management is also important.

Experience required is at least 10 years of relevant corporate risk management knowledge. Managerial experience is also required as the position will have at least 5 direct reports of various levels of seniority and responsibility. Industry certifications attained can be CPCU, ARM or most preferably RIMS-CRMP. Strong knowledge of insurance industry is required in terms of Workers’ Compensation, General & Products Liability, Auto/Fleet Liability, Employment Practices Liability and Wage & Hour, Property and Cyber.

A successful risk management leader in Sodexo requires the following attributes:

• Highly analytical and organized

• Strong business acumen and presence

• High personal credibility and ethics

• Comfort and experience operating at a senior level in the organization

• Excellent interpersonal, oral, written and presentation skills

• Strong leadership skills including the ability to build and manage a large and diverse team in a matrixed, multi-cultural, global environment

• High degree of initiative, self-motivation, and professional integrity

• Results orientation and drive to surpass expectations.

• Interest and demonstrated ability to develop others while being a role model

• Strong project management skills with demonstrated success leading project team while operating under pressure with strict deadlines

• Strong orientation toward and support of corporate diversity and inclusion excellence

• Willingness and capability to make and communicate tough decisions as well as potentially difficult and challenging concerns.

Position Summary

Evaluates the effectiveness of existing risk management practices, control systems, policies, processes and procedures and recommend changes or improvements to transfer or eliminate exposures and risks and improve the cost effective management of retained risks. (30%)

Manages the planning and administration of insurance and claim management functions.

Manages a budget related to insurance expense. Manages the actuarial studies related to reserves for corporate large-retention and deductible insurance programs. Coordinates activities necessary to ensure successful internal and external audits and other management reviews (30%)

Develops appropriate protocol, procedures and reporting for cost and exposure relating to insurance coverage and liabilities resulting from the due diligence process for new business or mergers or the divestment of current businesses (10%)

Makes presentations at Finance Team meetings.

Provides directional oversight of claims handling, claims data and reporting out results to operations divisions

Leads and oversees the function to develop and monitor models and procedures to track and ensure adequate funding for losses and the insurance programs (20%)

Provides directional oversight of contractual negotiation and review of corporate operational and support contracts

Handles relationships with insurance broker, Third Party Administrator, insurance carriers, regulators, industry working groups, task forces and clients as required

Interacts and coordinates activities with the Sodexo global risk management team. (10%)

Qualifications & Requirements

Basic Education Requirement – Bachelor’s Degree or equivalent experience

Basic Management Experience – 10 years

Basic Functional Experience – 10 years

Sodexo is an EEO/AA/Minority/Female/Disability/Veteran employer.

Location US-MD-GAITHERSBURG | US-NY-CHEEKTOWAGA

System ID 87225

Category Finance

Relocation Type No

Employment Status Full-Time