Insurance Risk Manager

Socket.dev; West Fargo (ND); On-site; USD 90,000 - 120,000; Full time

Job summary

Socket.dev is seeking a Corporate Insurance Risk Manager to identify, assess, and mitigate business risks, lead incident and claims management, and oversee insurance programs.

The role collaborates across functions to deliver risk reporting for leadership, maintains Business Continuity Plans, and coordinates with finance, EHS, legal, and IT to ensure effective mitigation.

Requires a bachelor’s degree and at least five years of relevant experience, with strong MS Office skills.

Qualifications

• Bachelor’s degree or equivalent in risk management or insurance.
• Minimum of 5 years of relevant risk or insurance experience.
• Strong Microsoft Office skills, with advanced PowerPoint and Excel.
• Preferred supervisory or team-lead experience.

Responsibilities

• Partner with field leaders, adjusters, and legal to manage incidents and claims.
• Coordinate quarterly claims review with insurer and HR.
• Support insurance program, including annual renewal process.
• Administer Surety Bond, COIs, Railroad Liability, and Builders Risk programs.
• System administrator for Origami incident reporting system.
• Lead risk trends reporting to senior leadership and Finance Committee.

Skills

Risk management

Claims management

Data analysis

Leadership

Education

Bachelor's degree or equivalent in risk management or insurance

Tools

Microsoft Office Suite

PowerPoint

Excel

Job description

Job Summary:

The Corporate Insurance Risk Manager is responsible for identifying, assessing, and mitigating business risks to protect people, assets, and operations. This role leads incident and claims management, oversees insurance programs, prepares risk reporting to support informed leadership decision-making, and maintains business continuity programs. The Corporate Risk Manager collaborates across functions to ensure consistent responses to risk events and the implementation of effective mitigation strategies.

This position can be located within the Midco footprint of KS, MN, ND, SD, or WI. Individuals located outside of this area must be willing to relocate to within the footprint.

Responsibilities:

• Partners with field leaders, insurance adjusters, and legal to effectively manage incidents and claims for general liability, auto, and property.
• Coordinates the quarterly claims review process in partnership with our insurance carrier and Human Resources.
• Provides support for the insurance program, including managing the annual renewal process.
• Administers the Surety Bond program, Certificates of Insurance (COIs), Railroad Liability Policies and Builders Risk programs.
• System administrator for Midco's preferred incident reporting system, Origami.
• Lead quarterly risk trends reporting and distribution/presentation to field leaders and the EHS team.
• Supports the creation of risk reporting presentation for senior leadership, Finance Committee and Board of Directors.
• Coordinate with leadership on maintaining Midco's strategic (enterprise) risk universe and risk mitigation strategies.
• Maintain Business Continuity Plan (BCP) and support creation of executive level tabletop crisis response exercises.
• Monitor, evaluate and communicate emerging risks to business operations and senior leadership teams.
• Owns data center SOC compliance program.
• Provides back-up support for assigned Risk processes and procedures.
• Cultivate productive working relationships with other team members including, but not limited to finance, EHS, legal, field leaders and IT to effectively cross departmental boundaries to ensure successful and desirable results.
• Foster a cohesive working relationship with Midco's insurance broker and insurance carriers.
• Model Midco's mission, vision, values, ethos, and Leadership Success Drivers, and inspire others to do the same.
• Ensure customer privacy by adhering to Midco's privacy guidelines while actively following Midco policies and procedures.
• Perform other duties as assigned.

Note: Management reserves the right to assign or reassign functions and responsibilities to this job description at any time.

Required Qualifications:

• Bachelor's degree or equivalent work required and/or equivalent experience in risk management or insurance programs.
• Minimum of 5 years previous relevant experience.
• Applicants must possess strong Microsoft Office skills, with expertise in PowerPoint and Excel.

Preferred Qualifications:

• Previous supervisory or experience leading teams.

The hiring range for this position is $90,000-$120,000. The actual base salary offered will be determined based on multiple factors including internal equity, location, and the individual’s job-related knowledge, skills and experience. In addition to the base salary, this position is eligible for an annual bonus based on company and/or individual performance.

Work Environment:

• 5-10% of travel required.
• The noise level in the work environment is moderate.
• May be required to work more than 40 hours per week.

Physical Demands:

• May occasionally be required to reach with hands and arms, stoop, kneel, or crouch.
• Heavy keyboard/mouse usage required with repetitive movements.
• Must remain at your desk or workstation for long periods of time.

Mental Demands:

• Ability to analyze complex risk, claims, and incident data to identify trends, root causes, and opportunities for mitigation across business operations.
• Strong critical thinking and judgment required to evaluate emerging risks and recommend appropriate actions to leadership, including situations involving legal, financial, or safety implications.
• Capacity to manage multiple priorities and deadlines while coordinating cross-functional processes.