Director, Corporate Risk and Insurance

Burlington Stores; Burlington (NJ); On-site; USD 135,000 - 175,000; Full time

Benefits offered by this job

Associate discount

Competitive wages

Paid time off

Holidays

401(k)

Medical, dental, vision

Life & disability insurance

Job summary

Burlington Stores is seeking a Director, Corporate Risk & Insurance to design and manage the company’s risk management and insurance programs. You will handle enterprise-wide renewals, negotiate with insurers and brokers, and oversee self-insured and captive activities with actuaries and third-party administrators.

The role requires a strong background in risk management, 10+ years in the field, and expertise in MS Office and databases.

Qualifications

• Bachelor’s degree in business administration, risk management or related field.
• 10+ years of experience in risk management, insurance company or brokerage.
• MS Office and database systems proficiency.
• Professional affiliations (ARM, CPCU, Licenses) preferred.
• Superior interpersonal and communication skills with stakeholders at all levels.
• Strong time and project management abilities to handle multiple deadlines.

Responsibilities

• Develop, design, implement and manage enterprise risk and insurance programs.
• Oversee insurance renewals, negotiations with carriers, brokers and vendors.
• Manage self-insured casualty program with actuaries and third-party admins.
• Lead reserve analysis with actuaries for self-insurance risks.
• Oversee captive program and audits with regulators and auditors.
• Communicate coverage needs and exposures to business units and Treasury.

Skills

Interpersonal skills

Time management

Project management

Communication

Education

Bachelor's degree in business administration / risk management or related field

ARM/CPCU certifications preferred

Tools

Microsoft Office

Job description

Position OverviewReporting to the SVP of Tax, Risk Management & Payroll, the Director, Corporate Risk & Insurance will be responsible to develop, design, implement and manage Burlington’s risk management and risk transfer strategy and programs.You would be responsible for managing enterprise-wide insurance program renewals, marketing and negotiating price and service with insurance carriers, claims administrators, brokers, and vendors. In this role, you will manage and oversee self- insured casualty program working closely with actuaries and third-party administrators.A Day in the LifeInsurance Program Renewals: Assist with analysis of underwriting and loss data, independently preparing submissions and completing applications for renewals. Interface with insurer and brokerage personnel on questions arising out of the applications / renewals.Self- Insurance Management: Oversee and direct the financial activity of self- insured claims management relating to workers compensation and general liability. Work closely with all internal stakeholders, third party administrators and brokers for effective closure of claims.Reserve Analysis: Work with actuaries to accurately develop short term and long term reserves necessary to cover self- insurance risks.Oversee and direct the financial activity of the captive insurance company which provides workers compensation and general liability coverage. Manage the activity of the captive accountants, the independent actuary staff and all associated audit activity with state regulators and external and internal auditors.Keeps abreast of new exposures of the organization, explores potential coverage with broker partners and communicates appropriately to the business about whether coverage exists under current insurance programs. Explains applicable deductibles and/or retentions and the potential financial risk to the business if necessaryResponsible for implementing and following process for sharing / reporting of premium, broker and tax payments for communicating with Treasury and Corporate Accounting.Reviews premium, broker and tax invoices for accuracy providing such to Finance for processing via wire transfer or accounts payable system.Supports VP, Insurance & Risk in establishing recommendations for insurance program changesReview Requests for Information, Requests for Proposals and other new business ventures to analyze complex risk issues associated with new business opportunities effectively communicating findings within Global Risk Management Line of Business and Aramark in-house legal teamIdentify potential risk issues such as liability and property exposures, potential regulatory compliance concerns, including but not limited to environmental and cyber liability matters, and other business risks associated with new business opportunitiesYou'll Come WithBachelor’s degree from an accredited college or university, preferably in business administration, risk management or a related field10+ years of experience working in a risk management department, insurance company or insurance brokerage firm Experience should include all lines of insurance and experience in captive oversight preferredProficiency in use of Microsoft Office (Word, Outlook, Excel, PowerPoint) and database systemsProfessional affiliations (ARM, CPCU, Agents & Brokers License) preferred.Superior interpersonal skills, with the ability to interface with all levels of management, internally and externally.Excellent time and project management skills with ability to prioritize and meet deadlines in order to review voluminous documents in brief period of time and to manage competing deadlines and priorities.Strong working knowledge of insurance concepts and policiesComputer software and web-based applications skills (Excel, Word, PowerPoint)#LI-NF2Burlington Stores is not able to provide visa sponsorship for this position. Candidates must be legally authorized to work in the United States without sponsorship by the company.Come join our team. You’re going to like it here!You will enjoy competitive wages, flexible hours, and an associate discount. Burlington’s benefits package includes medical, dental and vision coverage including life and disability insurance. Full-time associates are also eligible for paid time off, paid holidays and a 401(k) plan.We are a rapidly growing brand and provide a variety of training and development opportunities so our associates can grow with us. Our teams work hard and have fun together! Burlington associates make a difference in the lives of customers, colleagues, and the communities where we live and work every day. Burlington Stores, Inc. is an equal opportunity employer committed to workplace diversityIndividual pay decisions will be based on a variety of factors, such as but not limited to, qualifications, education, job-related skills, relevant experience, and geographic location.Compensation Range: $135,000.00 - $175,000.00