Senior Director, Risk Management

Company: XPO Logistics
Location: Greenwich
Posted on: July 13, 2020

Job Description:

Logistics done differently.

Reporting to the Senior Vice President, Treasury, the Senior Director, Risk Management will be responsible for implementing and maintaining XPO's risk management program. Duties include administration of property and casualty insurance, general liability insurance, product liability insurance, workers compensation, cyber insurance, executive risks and management of XPO's captive.

Pay, benefits and more.

We are eager to attract the best, so we offer competitive compensation and a generous benefits package, including full health insurance (medical, dental and vision), 401(k), life insurance, disability and the opportunity to participate in a company incentive plan.

What you'll do on a typical day:

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• Negotiate and renew insurance policies for various lines of coverage, with the objective of minimizing the total cost of the insurance program. Determines optimized risk retention levels, aggregates and limits of insurance; manage relationship with insurance brokers and insurance companies. Drive coordination amongst the company, liability insurance companies, brokers and/or attorneys.
  
• Reviews and analyzes company practices and liability experience towards developing policies, practices, training and programs designed to reduce or eliminate costs relating to liability claims; establishes and implements procedures to ensure timely notification and proper reporting of claims and litigation against company to appropriate internal stakeholders, insurers and third-party administrators.
  
• Reviews and analyzes exposure risks presented by claims and litigation and ensures establishment of appropriate liability reserves; monitor progress of litigation and as necessary, participate on behalf of XPO at alternative dispute resolution proceedings, settlement conferences and trials.
  
• Oversight of claims reporting process, payment authorization and reconciliation of invoices
  
• Provides actuarially derived budgetary guidance management.
  
• Reviews insurance billings against claims data to ensure detailed reconciliation in line with Sarbanes Oxley regulations.
  
• Understands applicable XPO insurance policies and identifies significant developments on liability matters and insurance coverage issues that may impact company's risk and exposure.
  
• Liaison with the M&A team on all risk management related items
  
  What you need to succeed at XPO:
  
  At a minimum, you'll need:
  
  
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  • Bachelor's degree in Finance or equivalent related work or military experience
    
    
  • 7 years of risk management, insurance industry experience or other relevant finance experience
    
    It'd be great if you also have:
    
    
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    • MBA or other advanced degree in Finance or similar field
      
      
    • 10 years of risk management or insurance industry experience or other relevant finance experience
      
    • 3 years proven success in a leadership role
      
    • Licensed insurance industry professional a plus
      
      Be part of something big
      
      XPO is a leading provider of cutting-edge supply chain solutions to the most successful companies in the world. We help our customers manage their goods most efficiently using our technology and services. Our greatest strength is our global team - energetic, innovative people of all experience levels and talents who make XPO a great place to work.
      
      We are proud to be an Equal Opportunity/Affirmative Action employer. Qualified applicants will receive consideration for employment without regard to race, sex, disability, veteran or other protected status.
      
      The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required of personnel so classified. All employees may be required to perform duties outside of their normal responsibilities from time to time, as needed.

Keywords: XPO Logistics, Greenwich , Senior Director, Risk Management, Executive , Greenwich, Connecticut