Risk and Insurance Manager
The Risk and Insurance Manager provides direction and oversight to designated insurance brokers regarding the annual renewal of all coverage placements including, Property, Casualty, Directors and Officers, Employment Practices and all other lines of insurance. This leader will oversee the compilation and analysis of insurance and claims related data for insurance policy applications, record keeping and loss forecasting purposes. The Risk and Insurance Manager is accountable to make recommendations regarding insurance program design, coverage enhancement opportunities, and to take a lead role in preparing submissions to present to the underwriters of participating carriers.
*Manage and direct brokers and take a lead role in developing strategies related to insurance policy renewal processes involving all lines of coverage.
*Monitor outside broker activity to ensure that all programs are competitively bid in accordance with company guidelines.
*Recommend innovative and creative risk-financing techniques to generate positive balance sheet impact.
*Review policy forms and insurance contracts to ensure elimination of coverage deficiencies; consistently monitor industry trends and business needs to recommend available coverage enhancements.
*Develop strong relationships with key brokerage and underwriting partners to secure the best available terms and conditions on all insurance programs purchased.
*Maintain a knowledge base of key business functions and initiatives to develop and communicate a clear understanding of risks control or transfer alternatives
*Collaborate with Property Development and Legal departments for optimal insurance language in all leases and contracts
*Represent Risk Management team on various projects and initiatives involving cross functional disciplines so that departmental objectives are given proper consideration
*Oversee state self-insurance programs; ensure timely reporting of losses and submission of regulatory requirements. Continuously evaluate benefit of self-insurance vs. traditional insurance in the states in which we operate.
*Monitor and track insurance based collateral needs and seek opportunities to facilitate reduction.
*Oversee Surety Bond program and monitor administration of same
*Actively participate in catastrophic property claims preparation, forecasts and submittals; support insurance recovery from carriers.
*Five to Ten (5-10) years' experience in insurance, risk management, and/or finance fields. Restaurant, retail or hospitality industry experience preferred
*Bachelor's degree in business administration, finance or related field.
*ARM, CPCU or other insurance designation preferred
*Master's degree preferred
Additional Skills, Proficiencies and Requirements
*Compliance with all Bloomin Brands policies and procedures.
*Advanced proficiency in utilization of Risk Management Information Systems (RMIS)
*Advanced PC skills including proficiency with the primary Microsoft Office applications
*Ability to manage and direct multiple complex projects simultaneously.
*Excellent communication and interpersonal skills to effectively convey complex and detailed information to a diverse population.
*Exceptional problem resolution and process improvement skills.
*Superior analytical, organizational, decision-making and project management skills.
*Ability to exercise strong judgment in analyzing, evaluating and solving problems of a difficult procedural, organizational, administrative or technical nature.
*Ability to maintain the highest level of confidentiality.