Director, Corporate Risk and Insurance

Burlington Coat Factory Whse. Corp.; United States; On-site; USD 135,000 - 175,000; Full time

Benefits offered by this job

Competitive wages

Associate discount

Medical, dental, vision coverage

401(k) plan

Paid time off

Holidays

Job summary

Burlington Stores is seeking a Director, Corporate Risk & Insurance to design and lead our enterprise-wide risk management framework in the United States. You will oversee insurance renewals, engage with carriers and brokers, and supervise self-insured programs with actuaries and third-party admins.

You will analyze underwriting data, coordinate reserves with actuaries, and ensure compliance across the organization.

Qualifications

• Bachelor's degree in business administration, risk management, or related field.
• 10+ years of experience in a risk management department, insurance company, or brokerage.
• Experience across all lines of insurance; captive oversight preferred.
• Proficiency with Microsoft Office and database systems; strong analytical skills.

Responsibilities

• Develop, implement, and manage Burlington's risk management and risk transfer programs.
• Oversee enterprise-wide insurance program renewals and interact with carriers and brokers.
• Manage self-insured casualty program with actuaries and third-party admins.
• Direct reserve analysis with actuaries and oversee captive insurance activity.
• Identify risk issues related to new business opportunities and regulatory compliance.

Skills

Interpersonal skills

Time management

Project management

Communication

Education

Bachelor's degree in business administration / risk management

Tools

Microsoft Office

Excel

PowerPoint

Database systems

Job description

Position Overview

Reporting 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 Life Insurance 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 necessary Responsible 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 changes Review 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 team Identify 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 opportunities

Qualifications & Experience

You’ll Come With Bachelor’s degree from an accredited college or university, preferably in business administration, risk management or a related field 10+ 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 preferred Proficiency in use of Microsoft Office (Word, Outlook, Excel, PowerPoint) and database systems Professional 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 policies Computer software and web-based applications skills (Excel, Word, PowerPoint) #LI-NF2

Compliance & Eligibility

Burlington 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.

Benefits

• 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.

Company & Culture

Burlington Stores, Inc. is an equal opportunity employer committed to workplace diversity Individual 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

Compensation Range: $135,000.00 - $175,000.00

About the Company

For over half a century, Burlington have been delivering value to our customers, associates and our communities. With our every day low prices on top brand name merchandise for the entire family and home, combined with our dedication to our thousands of associates nationwide and our ability to make an impact in the communities where we live and work, Burlington is proud to be an award-winning off-price retailer.