Summary
Hyatt Hotels Corporation seeks an enthusiastic Manager to join our Risk Management Department in Chicago, IL. In this role, you will collaborate closely with Finance, Legal, and Operations to support Hyatt's global risk financing programs, including captive insurance operations and the commercial insurance program.
Key Responsibilities
- Prepare monthly cash and department forecasts for both Hyatt Risk Management and Hyatt's captive insurance company.
- Review insurance program financial statements and audit reports for completeness and accuracy.
- Manage data compilation of underlying exposures for captive premium pricing and review corresponding impacts within the quarterly actuarial reports.
- Prepare semi‑annual Board of Directors meeting materials for the captive.
- Assist with the annual budgeting process to establish the company's Total Cost of Risk (TCOR) and allocate costs to participating hotels.
- Address hotel inquiries regarding their insurance costs and general market conditions.
- Prepare monthly reporting to monitor actual vs. forecasted spend compared to budget and investigate variances.
- Collaborate with Corporate Accounting to address reconciling items identified in account reconciliations and provide periodic updates to leadership regarding insurance account balances.
- Manage relationships with insurance brokers, captive managers, actuaries, investment managers, and other third‑party service providers.
- Supervise Risk Management accounts payable processes and collaborate with the Accounts Payable and Receivable teams to ensure all accruals are processed timely.
- Manage collateral (letters of credit and surety bonds) including annual reviews and periodic updates.
- Address both internal and external audit requests and ensure SOX compliance.
Qualifications
Experience Required:
- 5+ years of experience related to Risk Management, Accounting, and/or Finance functions, as well as professional communications.
- Proficiency with Microsoft Office, enterprise financial systems (e.g., Oracle, SAP), and enterprise risk management systems (e.g., Ventiv, Origami, RiskConnect).
- Proven ability to manage cross‑functional initiatives and engage effectively with senior stakeholders.
Experience Preferred:
- Familiarity with insurance products.
Benefits
- Annual allotment of free hotel stays at Hyatt hotels globally.
- Work‑life benefits including wellbeing initiatives such as a complimentary Headspace subscription, and a discount at the on‑site fitness center.
- A global family assistance policy with paid time off following the birth or adoption of a child as well as financial assistance for adoption.
- Paid Time Off, Medical, Dental, Vision, 401(k) with company match.
Salary and Compensation
The salary range for this position is $98,600 – $128,000. This position is also eligible to earn an annual bonus. The final pay rate/salary offered to the successful candidate will depend on experience, skill level and other qualifications for the role, as well as the location of the performance of work. Pay for the successful candidate will meet local requirements, including the local minimum wage rate.