Risk Management Specialist

Metro; Toronto; On-site; CAD 70,000 - 90,000; Full time

Job summary

A major Canadian retailer in Toronto is looking for a Risk Management Specialist to oversee claims related to bodily injury, property damage, and product incidents. This role requires strong organizational skills and the ability to negotiate settlements. Candidates should have relevant educational background, along with experience in risk management and claims handling. The position offers a hybrid work schedule and competitive benefits.

Benefits

Flexible schedule

Telecommuting in hybrid mode

Group insurance from day one

Competitive pension plan

Generous holiday policy

Qualifications

• 2-4 years of experience in claims handling, insurance, or risk management.
• Proven experience managing bodily injury, property damage, and product liability claims.
• Strong understanding of legal processes including litigation and defense strategy.

Responsibilities

• Manage and analyze investigative materials and evidence for assigned incidents.
• Facilitate collaboration with location managers for timely reporting.
• Negotiate and finalize claim settlements with relevant parties.

Skills

Claims handling

Attention to detail

Analytical thinking

Communication skills

Customer focused

Education

Post-secondary education in Business, Insurance, or Risk Management

Professional designations such as CIP, CRM

Tools

Claims Management Systems

MS Office

Outlook

Job description

Position Title : Risk Management Specialist

Requisition ID : 44375

Career Group (ADSP) : Administrative

Division : Nat - Finances ()

Department : Finance and Accounting

WorkLocation : METRO ON - 5559 DUNDAS STREET W (#A-D)

Province : Canada : Ontario

Position Type : Permanent

Benefits

• Flexible schedule to promote work / life balance
• Telecommuting in hybrid mode
• Group insurance from the first day
• Very competitive pension plan
• Generous holiday policy
• Personal days
• Employee Assistance Program
• Free parking
• Opportunity for professional development

SUMMARY :

This role is responsible for managing a wide range of claims including bodily injury liability (from low to high severity) property damage and product-related incidents. Responsibilities include efficient retention and transfer of claims along with timely and professional communication with third parties insurers and legal representatives. File retention volumes can fluctuate and may exceed 150 active claims at any given time requiring strong organizational time management and prioritization skills.

Specific Responsibilities

• Independently manage gather and critically analyze investigative materials and evidence related to all assigned incidents ensuring thorough documentation and informed decision-making.
• Facilitate effective collaboration and communication with location managers to ensure timely participation accurate reporting and the successful completion of defense documentation. Provide coordinated support to both internal and external stakeholders throughout the claims process.
• Review contractual agreements relevant case law and internal policies to support informed assessments and strategic claims handling decisions.
• Evaluate and implement strategic approaches to claim response including recommendations for retention transfer denial or settlement based on case specifics and organizational guidelines.
• Resolve deny transfer or escalate liability claims as appropriate while developing comprehensive defense files in preparation for potential litigation. Provide ongoing support and guidance to assigned adjusters and legal counsel throughout the claims process.
• Negotiate and finalize claim settlements with plaintiffs or their legal representatives insurers adjusters and third parties in accordance with delegated authority from the Manager.
• Substantiate and negotiate property claims by engaging directly with at-fault third parties or coordinating with assigned third-party administrators to ensure fair and timely resolution.
• Review and update independent adjusters reports defense counsel correspondence initial legal opinions discovery reports and subsequent updates. Provide clear recommendations comments and direction on files as needed to support effective claims management.
• Educate location managers on claim programs policies and procedures including incident reporting investigation protocols litigation management resolution strategies and the effective delivery of claim-related information.
• Ensure the integrity and accuracy of the claims database by maintaining up-to-date details reserve amounts and claim status. This includes vigilant oversight of data entry and timely updates to support informed decision-making and reliable reporting.
• Provide direct supervision and leadership in the performance management of the Risk Management Administrator including goal setting coaching feedback and development planning to ensure operational excellence and continuous improvement.
• Continuously monitor and analyze legal opinions claims costs and exposure data to identify patterns emerging risks and trends. Apply root cause analysis to uncover underlying factors contributing to claim frequency or severity and collaborate with management team to develop targeted mitigation strategies. This insight-driven approach supports proactive risk management enhances operational efficiency and informs future policy and procedural improvements.
• Conduct analysis to identify opportunities for improvement in existing claims programs and procedures. Develop and present recommendations for enhancements or new initiatives and support the implementation of approved changes to ensure alignment with operational goals and best practices.

Qualifications

• Post-secondary education in Business Insurance Risk Management or a related field.
• 2 4 years of experience in claims handling insurance or risk management
• Professional designations such as CIP CRM or equivalent (preferred).
• Proven experience managing bodily injury property damage and product liability claims across varying severity levels.
• Strong understanding of legal processes including litigation discovery and defense strategy.
• Experience working with third-party administrators insurers and legal counsel.
• Experience with Claims Management Systems
• Familiarity with contractual review case law interpretation and policy analysis.
• Intermediate skills in MS Office and Outlook
• Attention to detail decision making and documentation and reporting abilities ability to manage change analytical thinking strong communication skills and customer focused

METRO is committed to providing an inclusive work environment that reflects the communities we serve. The company values respects and relies on the diversity of backgrounds experiences and points of view because it allows us to innovate make better decisions and better understand our customers. We will consider qualified applications from all walks of life to build the best team.

We encourage you to let us know if your current condition requires accommodation in the recruitment process so that we can accommodate you.

Please note that we will only contact those whose applications are selected.