Summary of Position (Job Purpose) - Major purpose and functions of the position.

The Director of Risk Management reports to the Vice President of Risk Management and is a key leader responsible for overseeing and optimizing Family Dollar's comprehensive insurance and risk management programs.  This individual will be instrumental in designing and implementing risk transfer strategies, procuring insurance across all exposure areas, and managing a substantial portfolio of policies. The role requires a proactive approach to risk assessment, mitigation, and the exploration of innovative financing mechanisms, including a captive.
Principal Duties and Responsibilities - Primary responsibilities listed in order of importanceWork with underwriters, brokers and VP to evaluate and design risk transfer options and oversee procurement of insurance across all areas of exposure. Serve as day-to-day contact with insurance brokers and insurers to manage a portfolio of insurance policies.Ensure timely management of insurance renewals including applications, presentations, meetings, analysis of policy terms and conditions, and metrics/analytics pertaining to rate and cost. Complete applications, provide exposure metrics, and represent Family Dollar with brokers and underwriters.Support the VP with risk assessments and development of risk control strategies with business owners to mitigate identified risks.Research and recommend insurance and self-insurance mechanisms for evolving risks Manage direct reports overseeing certificate of insurance compliance and insurance, claims, and financial analytics.Track and trend key loss data across insurance lines and analyze for global trends; create action plans for responses to such trends and work with applicable internal and external resources to ensure execution.Provide education to appropriate areas within the Company on timely risk management topics.Conduct cost/benefit analysis of program alternatives, including consideration of a captive model for one or more lines of insurance; evaluate and benchmark the adequacy of limits and appropriateness of retentions/deductibles for all lines of insurance against established risk appetite. Oversee preparation of annual risk management and insurance budget.Provide leadership and professional development to the risk management staff.
Minimum Requirements/Qualifications - Summary of knowledge, experience, and education required.
 Bachelors or advanced degree required7+ years’ experience in corporate risk management department, insurance broker, underwriter, or similar roleDeep understanding of various types of insurance policies that are required for large commercial businesses.Ability to develop metrics depicting trends and costs of incidents.Expertise in various types of risk finance mechanisms (i.e. high-deductible plans, self-insurance, guaranteed cost, and self-insured retention arrangements).Exceptional verbal and written communication skills are essential. Strong project management leadership skills with the ability to assist in implementing execution strategies and methodologies appropriate for a retail services environment.Ability to interface successfully with all levels of management within Family Dollar and with outside business relationships.Desired Qualifications - Desired but not required.Professional insurance designation – ARM, CPCUCaptive experience a plusWorkers compensation experience a plus