Director of Risk Management

Inland Real Estate Group of Companies; Downers Grove (IL); On-site; USD 150,000 - 230,000; Full time

Job summary

The Inland Real Estate Group of Companies seeks an experienced Director of Risk Management to lead our enterprise-wide risk program. Reporting to the Chief Risk Officer, EVP, this senior role oversees insurance programs, captive operations, claims management, and key risk initiatives across the organization.

The role requires a strong background in risk management, captive administration, and regulatory compliance, with leadership of a small team and collaboration across business lines.

Qualifications

• Bachelor's degree in Risk Management, Finance, or equivalent professional experience.
• 10+ years in Risk Management, Claims, Loss Control, Insurance, and Financial Management.
• Experience with captive insurance administration (required).
• Property & Casualty License required (or able to obtain within 1 year).
• ARM (Associate in Risk Management) strongly preferred.

Responsibilities

• Lead placement, structure, and ongoing management of complex property & casualty insurance programs.
• Oversee claims management, ensuring effective resolution and cost control.
• Manage a single-parent captive insurance program domiciled in Vermont.
• Conduct comprehensive risk assessments and enterprise risk analyses.
• Support Enterprise Risk Management (ERM) and ESG initiatives.
• Develop strategies for collateral recovery.
• Perform risk-related financial forecasting and support strategic decisions.
• Participate in group P&L reviews.
• Advise leadership on insurance market conditions, coverage optimization, and cost containment.
• Develop and maintain risk management policies and procedures.
• Act as a member of the Cyber Security Incident Response Team and ESG committee.
• Lead, mentor, and develop the risk management team.
• Perform supervisory duties including hiring, performance management, coaching, and disciplinary actions.
• Maintain professionalism and compliance with laws and policies.
• Perform other duties as assigned.

Skills

Excel

Microsoft Word

Microsoft Outlook

RMIS

TPA systems

Leadership

Communication

Financial analysis

Education

Bachelor's degree in Risk Management or Finance

Tools

RMIS

TPA systems

Job description

The Inland Real Estate Group of Companies, a diversified real estate, investment, and financial services organization, is seeking an experienced Director of Risk Management to lead and advance our enterprise-wide risk management strategy. This is a highly visible, senior-level role with broad exposure to executive leadership and multiple business lines across the organization.

Reporting directly to the Chief Risk Officer, EVP, the Director of Risk Management will oversee complex insurance programs, captive operations, claims management, and key financial and strategic risk initiatives. Inland Risk Management operates as a shared service model, offering the opportunity to collaborate closely with leaders across the firm and influence risk strategy at an enterprise level.

Key Responsibilities

• Lead the placement, structure, and ongoing management of complex property & casualty insurance programs, including D&O/E&O, Cyber, EPL, Fiduciary, Crime, and Workers' Compensation.
• Oversee claims management, ensuring effective resolution and cost control.
• Manage and grow a single-parent captive insurance program domiciled in Vermont, coordinating with brokers, captive managers, and internal stakeholders to maximize utilization and revenue opportunities.
• Conduct comprehensive risk assessments and enterprise risk analysis, identifying exposures and developing mitigation strategies.
• Support and participate in Enterprise Risk Management (ERM) and Environmental, Social & Governance (ESG) initiatives.
• Develop and execute strategies for collateral recovery, strengthening financial outcomes and reducing losses.
• Perform risk-related financial forecasting, providing insight and recommendations to support strategic decision-making.
• Participate in group P&L reviews, analyzing trends, variances, and opportunities for improvement.
• Serve as a key advisor to leadership on insurance market conditions, coverage optimization, and cost containment.
• Develop, implement, and maintain risk management policies and procedures in alignment with regulatory and industry best practices.
• Act as a key member of the Cyber Security Incident Response Team and ESG committee.
• Lead, mentor, and develop the risk management team, fostering professional growth and continuous improvement.
• Perform supervisory duties including hiring, performance management, coaching, promotion, and disciplinary actions.
• Maintain the highest standards of professionalism, integrity, and compliance with all laws, policies, and regulations.
• Perform other duties as assigned.

Supervisory Responsibility

• Directly supervises two team members:
  • Administrative Assistant
  • Claims Specialist

Qualifications

Education

• Bachelor's degree with a concentration in Risk Management, Finance, or equivalent professional experience required

Experience

• 10+ years of progressive experience in Risk Management, Claims, Loss Control, Insurance, and Financial Management
• Demonstrated experience with captive insurance administration (required)

Licenses & Certifications

• Property & Casualty License - required (or able to obtain within 1 year)
• ARM (Associate in Risk Management) strongly preferred

Skills & Technical Expertise

• Expert-level Microsoft Excel skills
• Proficiency in Microsoft Word and Outlook
• Experience with RMIS and TPA systems
• Strong analytical, financial, and problem-solving skills
• Excellent written and verbal communication abilities
• Proven leadership skills with the ability to influence across diverse business groups

Why Join Inland

• High-impact, enterprise-level leadership role
• Exposure to executive leadership and multiple business platforms
• Opportunity to shape and grow a sophisticated risk function and captive program
• Stable, well-established organization with a long-term view