Risk Manager - Captive Operations - ADM
Erlanger, KY
About the Job
76891BR
Job Title:
Risk Manager - Captive Operations
Department/Function:
Risk Management
Job Description:
RISK MANAGER -– Captive Operations - Decatur, IL or Erlanger, KY.
This is a full-time exempt position.
Position Summary: ADM seeks a Risk Manager -– Captive Operations to lead operations of the company’s wholly-owned captive insurance company. We are looking for an analytical, innovative, solution-oriented person with the desire and ability to drive improvement and identify efficiencies. The Risk Manager will report to ADM’s Director for Insurance & Risk Management in Chicago, and partner and interact regularly with our commercial, operations, finance, and legal colleagues to implement and communicate captive insurance solutions for existing and emerging risks. This role will advise the company on coverage elections, insurance structures, policy wording, and overall risk management. The role will lead operations of the captive’s wholly-owned captive insurance company, including direction of the captive’s external management company.
Job Responsibilities: The position will be responsible for the following:
+ Partnering with internal stakeholders globally across ADM’s footprint in the United States and Canada to identify existing and emerging operational and financial risks;
+ In connection with ADM’s external insurance broker, and the ADM global insurance team, designing insurance solutions for those risks, utilizing market-based solutions and ADM’s captive;
+ Leading and partnering with other members of the Insurance & Risk Management Team on department initiatives to drive efficiencies and strengthen results, with a particular focus on driving value to our internal clients;
+ Working closely with risk management professionals and internal business units to proactively reduce or eliminate losses in all responsible lines of business.
+ Efficiently managing communications involving third-party adjusters, insurance brokers, primary and excess insurance carriers, captive insurance company, and others to ensure accuracy in notifications, reserves, and financial reporting.
+ Assist in leveraging and improving internal systems for data collection, analysis, and reporting of claim and loss information.
+ Advising the company on coverage elections, insurance structures, policy wording and overall risk management.
Job Requirements:
The ideal candidate will be hands-on and inventive and possess a strong work ethic and professional persona in addition to the following:
+ Track record of outstanding achievement in the Insurance & Risk Management field with a demonstrated desire and ability to proactively take on challenging work;
+ Experience leading captive operations for a regulated captive insurance company, including all regulatory and audit-related requirements, periodic reporting, and allocation equity;
+ Experience with insurance issues related to large scale manufacturing facilities, agricultural products, food and beverage, and flavorings preferred but not required;
+ Committed to ADM values: integrity, respect, excellence, resourcefulness, teamwork, and responsibility;
+ Experience leading and mentoring diverse teams;
+ Highly motivated, proactive, self-disciplined and team-oriented;
+ A strong spirit of teamwork and cooperation and a confirmed ability to cultivate and maintain positive working relationships with people at all levels inside and outside of the organization;
+ Maturity, professional attitude and personal discretion to interact with business leaders and directors;
+ Ability to build relationships among a diverse group of stakeholders and positively influence outcomes;
+ Independent decision-making and problem-solving skills with the ability to develop solutions in a logical and detailed way;
+ Ability to manage others and work independently in furtherance of department goals and the strategic plan;
+ Excellent interpersonal skills emphasizing writing and speaking succinctly, clearly and effectively;
+ Excellent listening skills with a strong ability to anticipate needs and design solutions to meet those needs;
+ Excellent organizational and time-management skills with an attention to detail and follow-up;
+ Ability to work under pressure in a fast-paced and dynamic environment handling multiple competing tasks simultaneously;
+ Ability to exercise prudent judgment involving issues of a highly-confidential and sensitive nature;
+ Ability to maintain a positive attitude and adapt to changes in environment and responsibilities;
+ Commitment to continuous learning, especially new technologies;
+ Proficiency in the Microsoft Office Suite (Word, PowerPoint, and Excel) required;
+ A college degree is required, preferably in insurance, risk management, or finance. Alternatively, relevant experience may substitute for a degree in these particular fields Prior experience as director of insurance and risk management program preferred.
Excited about this role but don’t meet every requirement listed? Studies show that often applicants will self-select out if they don’t check every box. We encourage you to apply anyway. You may be just the right candidate for this role or another one of our openings.
ADM requires the successful completion of a pre-employment background check.
“AJCIND”
REF:76891BR
Req/Job ID:
76891BR
City:
Erlanger
State:
KY - Kentucky
Ref ID:
#LI-LP2
:
About ADM
At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.
:
#LI-Onsite
t:
#IncludingYou
Diversity, equity, inclusion and belonging are cornerstones of ADM’s efforts to continue innovating, driving growth, and delivering outstanding performance. We are committed to attracting and retaining a diverse workforce and create welcoming, truly inclusive work environments — environments that enable every ADM colleague to feel comfortable on the job, make meaningful contributions to our success, and grow their career. We respect and value the unique backgrounds and experiences that each person can bring to ADM because we know that diversity of perspectives makes us better, together.
We are committed to ensuring all qualified applicants receive consideration for employment regardless of race, color, ethnicity, disability, religion, national origin, gender, gender identity, gender expression, marital status, sexual orientation, age, protected veteran status, or any other characteristic protected by law.
We welcome everyone to apply, especially those individuals who are underrepresented in our industry, as we strive to ensure our workforce represents the world that we help to feed: people of color, women, gender non-conforming, LGBTQIA+, veterans and persons with disabilities. For more information regarding our efforts to advance Diversity, Equity, Inclusion & Belonging, please visit our website here: Diversity, Equity and Inclusion | ADM. (https://www.adm.com/en-us/culture-and-careers/diversity-equity-inclusion/)
:
Benefits and Perks
Enriching the quality of life for the world begins by taking care of our colleagues. In addition to competitive pay, we offer a comprehensive total rewards package to support your well-being, including:
+ Physical wellness – medical/Rx, dental, vision and life insurance; on-site wellness center access or gym reimbursement (as applicable)
+ Financial wellness – flexible spending accounts, 401(k) with matching contributions and cash balance plan, discounted employee stock purchasing program, disability, workers’ compensation, legal assistance, identity theft protection
+ Mental and social wellness – Employee Assistance Program (EAP) and Employee Resource Groups (ERGs)
Additional benefits include:
+ Paid vacation time, plus 11 paid holidays and one paid personal day
+ Adoption assistance and paid parental leave
+ Tuition assistance
+ Company-sponsored training and development resources, such as LinkedIn Learning, language training and mentoring programs
Job Title:
Risk Manager - Captive Operations
Department/Function:
Risk Management
Job Description:
RISK MANAGER -– Captive Operations - Decatur, IL or Erlanger, KY.
This is a full-time exempt position.
Position Summary: ADM seeks a Risk Manager -– Captive Operations to lead operations of the company’s wholly-owned captive insurance company. We are looking for an analytical, innovative, solution-oriented person with the desire and ability to drive improvement and identify efficiencies. The Risk Manager will report to ADM’s Director for Insurance & Risk Management in Chicago, and partner and interact regularly with our commercial, operations, finance, and legal colleagues to implement and communicate captive insurance solutions for existing and emerging risks. This role will advise the company on coverage elections, insurance structures, policy wording, and overall risk management. The role will lead operations of the captive’s wholly-owned captive insurance company, including direction of the captive’s external management company.
Job Responsibilities: The position will be responsible for the following:
+ Partnering with internal stakeholders globally across ADM’s footprint in the United States and Canada to identify existing and emerging operational and financial risks;
+ In connection with ADM’s external insurance broker, and the ADM global insurance team, designing insurance solutions for those risks, utilizing market-based solutions and ADM’s captive;
+ Leading and partnering with other members of the Insurance & Risk Management Team on department initiatives to drive efficiencies and strengthen results, with a particular focus on driving value to our internal clients;
+ Working closely with risk management professionals and internal business units to proactively reduce or eliminate losses in all responsible lines of business.
+ Efficiently managing communications involving third-party adjusters, insurance brokers, primary and excess insurance carriers, captive insurance company, and others to ensure accuracy in notifications, reserves, and financial reporting.
+ Assist in leveraging and improving internal systems for data collection, analysis, and reporting of claim and loss information.
+ Advising the company on coverage elections, insurance structures, policy wording and overall risk management.
Job Requirements:
The ideal candidate will be hands-on and inventive and possess a strong work ethic and professional persona in addition to the following:
+ Track record of outstanding achievement in the Insurance & Risk Management field with a demonstrated desire and ability to proactively take on challenging work;
+ Experience leading captive operations for a regulated captive insurance company, including all regulatory and audit-related requirements, periodic reporting, and allocation equity;
+ Experience with insurance issues related to large scale manufacturing facilities, agricultural products, food and beverage, and flavorings preferred but not required;
+ Committed to ADM values: integrity, respect, excellence, resourcefulness, teamwork, and responsibility;
+ Experience leading and mentoring diverse teams;
+ Highly motivated, proactive, self-disciplined and team-oriented;
+ A strong spirit of teamwork and cooperation and a confirmed ability to cultivate and maintain positive working relationships with people at all levels inside and outside of the organization;
+ Maturity, professional attitude and personal discretion to interact with business leaders and directors;
+ Ability to build relationships among a diverse group of stakeholders and positively influence outcomes;
+ Independent decision-making and problem-solving skills with the ability to develop solutions in a logical and detailed way;
+ Ability to manage others and work independently in furtherance of department goals and the strategic plan;
+ Excellent interpersonal skills emphasizing writing and speaking succinctly, clearly and effectively;
+ Excellent listening skills with a strong ability to anticipate needs and design solutions to meet those needs;
+ Excellent organizational and time-management skills with an attention to detail and follow-up;
+ Ability to work under pressure in a fast-paced and dynamic environment handling multiple competing tasks simultaneously;
+ Ability to exercise prudent judgment involving issues of a highly-confidential and sensitive nature;
+ Ability to maintain a positive attitude and adapt to changes in environment and responsibilities;
+ Commitment to continuous learning, especially new technologies;
+ Proficiency in the Microsoft Office Suite (Word, PowerPoint, and Excel) required;
+ A college degree is required, preferably in insurance, risk management, or finance. Alternatively, relevant experience may substitute for a degree in these particular fields Prior experience as director of insurance and risk management program preferred.
Excited about this role but don’t meet every requirement listed? Studies show that often applicants will self-select out if they don’t check every box. We encourage you to apply anyway. You may be just the right candidate for this role or another one of our openings.
ADM requires the successful completion of a pre-employment background check.
“AJCIND”
REF:76891BR
Req/Job ID:
76891BR
City:
Erlanger
State:
KY - Kentucky
Ref ID:
#LI-LP2
:
About ADM
At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.
:
#LI-Onsite
t:
#IncludingYou
Diversity, equity, inclusion and belonging are cornerstones of ADM’s efforts to continue innovating, driving growth, and delivering outstanding performance. We are committed to attracting and retaining a diverse workforce and create welcoming, truly inclusive work environments — environments that enable every ADM colleague to feel comfortable on the job, make meaningful contributions to our success, and grow their career. We respect and value the unique backgrounds and experiences that each person can bring to ADM because we know that diversity of perspectives makes us better, together.
We are committed to ensuring all qualified applicants receive consideration for employment regardless of race, color, ethnicity, disability, religion, national origin, gender, gender identity, gender expression, marital status, sexual orientation, age, protected veteran status, or any other characteristic protected by law.
We welcome everyone to apply, especially those individuals who are underrepresented in our industry, as we strive to ensure our workforce represents the world that we help to feed: people of color, women, gender non-conforming, LGBTQIA+, veterans and persons with disabilities. For more information regarding our efforts to advance Diversity, Equity, Inclusion & Belonging, please visit our website here: Diversity, Equity and Inclusion | ADM. (https://www.adm.com/en-us/culture-and-careers/diversity-equity-inclusion/)
:
Benefits and Perks
Enriching the quality of life for the world begins by taking care of our colleagues. In addition to competitive pay, we offer a comprehensive total rewards package to support your well-being, including:
+ Physical wellness – medical/Rx, dental, vision and life insurance; on-site wellness center access or gym reimbursement (as applicable)
+ Financial wellness – flexible spending accounts, 401(k) with matching contributions and cash balance plan, discounted employee stock purchasing program, disability, workers’ compensation, legal assistance, identity theft protection
+ Mental and social wellness – Employee Assistance Program (EAP) and Employee Resource Groups (ERGs)
Additional benefits include:
+ Paid vacation time, plus 11 paid holidays and one paid personal day
+ Adoption assistance and paid parental leave
+ Tuition assistance
+ Company-sponsored training and development resources, such as LinkedIn Learning, language training and mentoring programs
Source : ADM