Director of Risk Management

Software Placement Group; Tuscaloosa (AL); On-site; USD 120,000 - 155,000; Full time

Job summary

An established industry player is seeking a seasoned Director of Risk Management to lead risk operations. This pivotal role involves developing strategies to mitigate financial and operational risks, focusing on commodities, energy, and insurance. The ideal candidate will have a strong background in risk control within manufacturing, ensuring the safeguarding of assets and financial health. This position promises a competitive salary and performance-based bonuses, offering a unique opportunity to influence corporate strategy and promote a culture of proactive risk management across the organization.

Qualifications

• 5-7 years experience in commodity hedging and energy cost management.
• Strong knowledge of insurance program oversight and claims management.

Responsibilities

• Develop and implement strategies to manage financial and operational risks.
• Lead the management of the company’s insurance portfolio and workers' compensation.

Skills

Analytical Skills

Financial Modeling

Commodity Management

Energy Market Expertise

Negotiation Skills

Interpersonal Skills

Communication Skills

Project Management

Education

Bachelor’s degree in Finance, Risk Management, Business, or Economics

Advanced degree in Business Administration or Risk Management

Job description

Director of Risk Management

We are actively seeking a seasoned Director of Risk Management to spearhead our risk management operations. This pivotal role encompasses the development and implementation of strategies to manage and mitigate financial and operational risks, with particular emphasis on commodities, energy, and insurance. The ideal candidate will possess a deep understanding of risk control within a manufacturing setting, leveraging this knowledge to safeguard the company's assets and financial health. This position offers a competitive salary ranging from $120,000 to $155,000 annually, in addition to performance-based bonuses.

Salary: $120,000 - $155,000 per year

Essential Duties and Responsibilities:

• Devise and execute daily hedging strategies for copper inventory, aligning with market conditions to minimize price volatility risks.
• Develop hedging solutions for managing variability in gas and electricity costs, ensuring alignment with the company's operational needs.
• Direct comprehensive management of the company’s insurance portfolio, ensuring optimal coverage across all business areas.
• Lead the strategic administration of workers' compensation insurance, focusing on risk assessments and minimizing claim frequencies.
• Provide detailed financial risk analysis, influencing corporate strategy with a focus on safeguarding cash flows and maximizing economic outcomes.
• Establish risk management frameworks, conduct regular evaluations, and drive strategic decisions based on thorough risk assessments.
• Maintain robust internal controls, ensuring compliance with regulations and alignment with the company's strategic goals.
• Engage in cross-functional collaboration to integrate risk management with broader corporate objectives.
• Develop and train internal teams on risk awareness, promoting a culture of proactive risk management.

Minimum Position Qualifications:

• Bachelor’s degree in Finance, Risk Management, Business, Economics, or related field.
• Minimum 5-7 years of demonstrated experience in commodity hedging and energy cost management.
• Profound knowledge of insurance program oversight and claims management.
• Previous exposure to manufacturing industry settings, with a deep understanding of the associated risks and controls.
• Established track record in developing and implementing risk mitigation strategies.

Preferred Qualifications:

• Advanced degree in a relevant field such as Business Administration or Risk Management.
• Professional certifications related to risk management or financial analysis.
• Experience in leading cross-functional teams and projects.
• Strong leadership capabilities with the ability to drive change and influence decision-making.

Skills:

• Exceptional analytical and financial modeling skills.
• Advanced expertise in managing commodity and energy markets and associated financial products.
• Strong negotiation and interpersonal skills, with the ability to engage effectively with internal and external stakeholders.
• Highly developed communication skills, capable of providing clear and concise reports to senior leadership and board members.
• Proven ability to manage complex projects and timelines effectively.