VP, Global Risk Management and Loss Control

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profile Job Location:

Chicago, IL - USA

profile Monthly Salary: $ 190000 - 245000
Posted on: 13 hours ago
Vacancies: 1 Vacancy

Department:

Risk Management

Job Summary

Job Requirements

  • Education & Experience:College degree extensive primary casualty and DBA loss control experience and relevant designations. Advanced degrees or certifications such as OSHA training are highly valued.
  • Skills:
    • Superior organizational skills and time management.
    • Excellent written and verbal communication negotiation and presentation skills.
    • Proficiency in MS Word Excel and PowerPoint and experience with modern data analytics and safety management software/platforms.
    • Strong analytical problem-solving and critical thinking abilities.
    • Knowledge of insurance terminology and a deep understanding of risk management principles.
    • Ability to perform on-site inspections which may require physical mobility (climbing confined spaces) as well as conduct remote/virtual assessments.

Prohibited Work

Employee may not be involved in any underwriting negotiations or decisions. All activities must be approved by the Legal & Compliance department.

Salary range: $190000 $245000

Compensation:

The annualized base pay range is a broad range based on analysis of similar positions in the market. The actual base pay for the position may be above or below the listed range and determined by a number of considerations including but not limited to complexity location and scope of the role along with experience skills education training and other conditions of employment. Base salary represents one component of Allied Worlds comprehensive total reward package which may also include annual incentive compensation rewards.

Allied World Assurance Company Holdings Ltd through its subsidiaries is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients cedents and trading partners with thoughtful service and meaningful coverages since are a subsidiary ofFairfax FinancialHoldings Limited and benefit from a strong capital base and a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.

Our generous benefits package includes: Health Dental and Disability Insurance a company match 401k plan and Group Term Life World is an Equal Opportunity Employer. All qualified applicants will be considered for employment without consideration of any disability veteran status or any other characteristic protected bylaw.

To learn more visit or follow us on Facebook at LinkedIn at Summary

To provide strategic leadership for the Primary Casualty and Defense Base Act (DBA) divisions aligning the loss control and risk engineering departments strategy with organizational goals. This role involves developing a market-leading innovative risk engineering proposition to drive profitable growth through proactive loss mitigation initiatives. The Vice President will provide expert-level consultation and services essential for risk identification selection and reduction while leveraging data analytics and technology to enhance effectiveness.

Key Responsibilities & Job Duties

  • Function as a subject matter expert in the Defense Base Act division with interactions to our internal and external clients.
  • Collaborate with the brokers and insureds to develop and execute comprehensive loss control service plans safety tools and programs to support company efforts and insureds.
  • Participate in external communications and marketing activities (excluding negotiation preparation pricing or underwriting of specific policies).
  • Represent Allied World at industry forums conferences and panels including active participation on the board of directors seat on the National Floor Safety Institute (NFSI) and the ANSI steering committees.
  • Support the analysis and profile of potential exposure by assisting and monitoring employee concentration at job sites and for conveyance within DBA book of business.
  • Create customer files loss control recommendations and introductory materials to be stored in Efiles.
  • Identify loss control vendors and firms; oversee vendor relationships.
  • Provide monthly loss control status report to DBA SVP and your direct report outlining the services rendered and that are going to be rendered to insureds as well as quantify those services rendered.
  • Actively participate in the monthly DBA/FGL team meeting providing updates on your service plans ongoing service expected travels and any identified trends noted in industry.
  • Complete desktop analysis in a timely manner for DBA/FGL requests from the underwriting team members.
  • Maintain continuing professional development and attend appropriate technical courses.
  • Lead the development and implementation of risk assessment tools reports and resources that will promote a competitive advantage over our competitors.
  • Continually conduct research and analysis on emerging risk management issues liability trends best practices and relevant judicial decisions laws and regulations.
  • Lead a quarterly claims and loss control meeting that reviews trends in both claims and loss control new initiative plans and record minutes to be distributed to DBA SVPs.
  • Lead the 45-60 day renewal review meetings (Claims Loss Control and Underwriting) for all insureds with premium >$250000 while recording minutes of the meeting and distribute to DBA SVPs.
  • Manage policyholder contact databases oversee vendor relationships and lead external communications and marketing activities (excluding policy negotiation or underwriting).

Required Experience:

Exec

Job RequirementsEducation & Experience:College degree extensive primary casualty and DBA loss control experience and relevant designations. Advanced degrees or certifications such as OSHA training are highly valued.Skills:Superior organizational skills and time management.Excellent written and verba...
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About Company

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Allied World Assurance Company Holdings assures its clients that everything is well insured. In the US its insurance products include general property/casualty coverage as well as specialty products such as environmental, health care, and professional liability coverage targeted to sm ... View more

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