Corporate Risk Manager, Insurance
Herndon, VA 
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Posted 16 days ago
Job Description
Corporate Risk Manager, Insurance
Job Locations US
Requisition ID 2024-146628 Position Category Accounting, Finance and Procurement Clearance No Clearance Required Sector Finance
Responsibilities

As an important member of the Peraton Corporate Treasury team, the Corporate Risk Manager, Insurance is responsible for managing the corporation's risk and insurance programs to minimize the impact of operational and financial risk to the enterprise. This position will work collaboratively across the organization, our external advisors, brokers, insurance carriers and others on risk management strategy formulation, identification of exposures, implementation of best practices, gathering underwriting data, and the design and placement of appropriate coverage. This individual will have a good understanding of potential risks facing the corporation and optimal methods to adequately address exposures with insurance or other measures.

    Manage all lines of insurance including but not limited to Professional Liability (E&O) and Cyber, Directors and Officers, Fiduciary Liability, Crime, Property, Workers' Compensation, Automobile, Environmental, Aviation, Cargo, EPL, General and Foreign Liability, DBA, Marine, and other coverages standard for a government services contractor
  • Review annual insurance policies and invoices for accuracy as bound and prepare payment vouchers
  • Track, process and distribute Certificates of Insurance
  • Build relationships within the company, including Sector and corporate business leaders, to identify, measure and manage operational risk
  • Work closely with the Insurance Broker on design and implementation of cost-effective programs, based on corporate risk posture/tolerance, to transfer and fund risk through insurance policies
    • Negotiate insurance placement pricing, structure and limits
    • Conduct cost/benefit analysis of program alternatives
    • Evaluate adequacy of limits and appropriateness of retentions/deductibles
  • Work with broker, 3rd parties or others to develop loss projections to support risk management decisions for insurance programs, particularly on E&O/Cyber, as required
  • Perform risk and loss analysis and identify areas for improvement, as well as coordinate carrier services, including risk engineering visits
  • Research, evaluate and make recommendations regarding current and state-of-the-art trends in risk management, safety, loss control and claims management strategies
  • Support Contracts staff with the review of proposals and other contract activities that create risk and advise on risk exposures as well as develop recommended actions (contract edits, insurance requirements, etc.) to mitigate identified risk
    • Review leases, contracts and other legal documents to evaluate appropriateness of wording and assure compliance with insurance and risk management policies
  • Help train Program Managers and Contracts / Subcontract administrators on risk management concepts and contract language best practices, and establish contract standards for insurance and indemnification wording
  • Manage claims for all lines, principally Workers' Compensation (liaison between company and carrier adjusters), Auto, EPL and others if and as they occur
    • Investigate major losses and negotiate audit and other settlements
    • Collaborate with legal and other personnel on pertinent claims matters
  • Manage the Corporate surety program - assure access to surety bonding capacity to meet all contract and miscellaneous bond requirements and implement a program to provide oversight of bond requirement reviews and approvals
  • Develop an insurance budget annually, including establishing and managing the cost allocation process with corporate finance, and manage annual insurance renewal premium costs to fit within the established budget
  • Prepare and present financial and departmental reports as required to management
  • Develop and maintain a Risk Management Program Manual for distribution to corporate and business management
  • Maintain historical exposure information, and develop and retain vital information regarding corporate risk management programs
  • Work with financial reporting, accounting and audit functions, and outside auditors as required
  • Review potential acquisitions to identify significant risk management and insurance issues and make recommendations
  • As required, assist the Treasurer to communicate with senior management and the Board on the state of the company's insurance programs
Qualifications
  • Bachelors Degree and a minimum of 12 years of related work experience with a deep understanding of corporate insurance programs, claim administration and risk management strategy development.
  • Government contracting industry experience, especially for the US Government in the areas of IT, engineering, technology, and government services.
  • US Citizenship
  • Excellent oral and written communication skills and a commitment to customer service.
  • Strong attention to detail, documentation, and organization.
  • Skilled in data analysis.
  • Strong interpersonal skills.
  • Leadership abilities.
  • Computer skills in Windows environment, working knowledge of Word, Excel, etc.
  • Relevant professional certifications a plus: CRM, ARM, CPCU, etc.
  • Local to the DC Metro area preferred.
Peraton Overview

Peraton is a next-generation national security company that drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. As the world's leading mission capability integrator and transformative enterprise IT provider, we deliver trusted, highly differentiated solutions and technologies to protect our nation and allies. Peraton operates at the critical nexus between traditional and nontraditional threats across all domains: land, sea, space, air, and cyberspace. The company serves as a valued partner to essential government agencies and supports every branch of the U.S. armed forces. Each day, our employees do the can't be done by solving the most daunting challenges facing our customers. Visit peraton.com to learn how we're keeping people around the world safe and secure.

Target Salary Range
$112,000 - $179,000. This represents the typical salary range for this position based on experience and other factors.

We are an Equal Opportunity/Affirmative Action Employer. We consider applicants without regard to race, color, religion, age, national origin, ancestry, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, veteran status, disability, genetic information, citizenship status, or membership in any other group protected by federal, state, or local law.


 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
12+ years
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