Senior Risk Management Director
Foundation Finance Company LLC
full-time
Posted on:
Location Type: Hybrid
Location: Durham • Maryland, North Carolina • 🇺🇸 United States
Visit company websiteJob Level
Senior
About the role
- Responsible to ensure successful execution of the Department's strategic goals and objectives
- Administer all ERM Program activities
- Assist corporate and business unit leaders in identifying exposures to loss and implementing appropriate risk management strategies to eliminate or reduce the impact of such loss
- Oversee the development and maintenance of a Risk Management Program Manual
- Lead and oversee the Property, Casualty and Management liability insurance programs
- Participate in negotiating insurance coverage and pricing, structure and limits for all property, casualty, management liability and other insurance policies and service agreements
- Conduct cost/benefit analysis of program alternatives as appropriate
- Evaluate adequacy of limits and appropriateness of retentions/deductibles
- Participate in managing broker and insurer relationships
- Responsible for risk management compliance with Clinical Trial Insurance SOP
- Review leases, business development opportunities, clinical trial agreements, contracts and other legal documents to evaluate appropriateness of wording and assure compliance with insurance and risk management policies
- Oversee the business continuity management/planning across all business segments of the organization
- Lead the Corporate Resiliency Program to ensure it addresses all critical business functions and provides assurance that they can resume normal business operations to within planned disruption specifications
- Ensure that the management of the Organizational Resiliency Program includes regular testing of plans in accordance with the Organizational Resiliency Program Policy and framework
- Assist business units with review and inspection of facilities with a focus on loss reduction
- Review and provide recommendations on insurer issued loss prevention reports
- Provide ongoing risk management and insurance subject matter expertise, resources, guidance and collaboration to all Unitherians
- Other duties as may be assigned
Requirements
- 15+ years of risk management and/or commercial insurance experience with a Bachelor's Degree in business, finance, or risk management OR 13+ years of risk management and/or commercial insurance experience with a Master's Degree in business, finance, or risk management
- 10+ years of experience in biotech or pharmaceutical industry, including global clinical trial risk strategy
- 5+ years of experience as a functional leader and/or people manager
- Ability to read, understand, explain, and negotiate insurance policy contract language
- Subject Matter Expert in commercial insurance coverages, enterprise risk management, and organizational resilience
- Excellent oral and written communication skills
- Strong interpersonal skills
- Demonstrates strong leadership skills with team, peers and business stakeholders
- Excellent administrative and organizational skills
- Proficient with Microsoft Office Suite
- Ability to engage confidently across all levels of the organization, including executive leadership and that Board delivering risk insights with clarity, credibility and impact
- Strategic mindset with the ability to execute effectively at both strategic and operational levels
- Deep understanding of contractual risk, and indemnification provisions within the life sciences space
- Proven ability to lead enterprise risk processes, manage complex insurance portfolios, and oversee cross-functional risk initiatives
- Skilled in managing a team; including developing others, giving feedback, managing conflict, and fostering collaboration across disciplines
Benefits
- medical / dental / vision / prescription coverage
- employee wellness resources
- savings plans (401k and ESPP)
- paid time off & paid parental leave benefits
- disability benefits
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard skills
risk managementcommercial insuranceenterprise risk managementorganizational resilienceinsurance policy negotiationcost/benefit analysisbusiness continuity managementclinical trial risk strategycontractual riskindemnification provisions
Soft skills
leadershipcommunicationinterpersonal skillsadministrative skillsorganizational skillsstrategic mindsetteam managementconflict managementcollaborationexecutive engagement