Head of Risk Management & Insurance

Risk Management Position

With a career at The Home Depot, you can be yourself and also be part of something bigger.

Position Purpose: Under general direction; develops, executes, and manages the insurance, self-insurance, contractual risk transfer and risk management information programs of the company with the primary purpose of controlling exposures and losses to the company.

Key Responsibilities:

Ensures placement and administration of insurance and surety bond programs including retention analyses, coverage negotiations and policy/certificate maintenance; primary liaison with insurance brokers and insurance carriers.

Provides proper control of administration of self insurance programs including annual review of cost effectiveness; ensures all associated government reporting obligations are met as prescribed by law or regulation.

Evaluates risk levels of various agreements and other contracts entered into by the company with specific focus on insurance and risk transfer provisions. Provides feedback and suggestions to Legal and outside counsel.

Implements appropriate processes for review of loss data to develop actuarial loss reserves for workers'compensation, Texas non-subscriber, automobile liability and general liability.

Develops corporate insurance program and evaluates the incorporated levels of risk transfer and risk retention based on overall company strategies and risk appetite.

Develops and implements policies and procedures for the effective management of the risk information system; acts as liaison with the risk management information system vendor. Oversees production of monthly field reports as well as ad hoc reports.

Manage certificate of insurance tracking program for vendors, installers, and others with contractual obligations for providing certificates of insurance.

Selects, develops, motivates and evaluates subordinate associates and vendor partners in a manner which ensures that the department is operating at its most effective abilities and in compliance with known company policies and procedures.

Direct Manager/Direct Reports:

Typically reports to Director - Risk Management

No direct responsibility for supervising others.

Travel Requirements:

~ Typically requires overnight travel less than 10% of the time.

Physical Requirements:

~ Most of the time is spent sitting in a comfortable position and there is frequent opportunity to move about. On rare occasions there may be a need to move or lift light articles.

Working Conditions:

~ Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable.

Minimum Qualifications:

Must be eighteen years of age or older.

Must be legally permitted to work in the United States.

Preferred Qualifications:

MBA with focus of study in Risk Management

CPCU, ARM or equivalent professional designations

Work experience in corporate risk management department, insurance broker or insurance carrier.

Minimum Education:

~ The knowledge, skills and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field of study related to the job.

Preferred Education:

~ No additional education

Minimum Years of Work Experience:

~2

Preferred Years of Work Experience:

~ No additional years of experience

Minimum Leadership Experience:

~ None

Preferred Leadership Experience:

~ None

Certifications:

~ None

Competencies:

Intimate knowledge of insurance contracts and other risk transfer vehicles.

Understanding of financial/accounting principles.

Ability to manage and control outside vendor partners.

Working knowledge of risk and claims management information systems.

Strong analytical and critical thinking abilities with negotiating skills.

Home Depot