Manager, Global Risk Management

Cardinal Health, Inc.; Kentucky; On-site; USD 105,000 - 165,000; Full time

Benefits offered by this job

Medical, dental and vision coverage

401k savings plan

Paid time off

Job summary

Cardinal Health is seeking a senior-level Risk Manager to lead the risk management function for its specialty alliance subsidiary. You will manage domestic and international insurance programs, coordinate with actuaries on reserve analyses, and oversee risk-related budgets and reporting.

The role requires a strong background in risk management, excellent analytical and communication skills, and the ability to lead and mentor a team in a dynamic healthcare environment.

Qualifications

• Bachelor's degree in Risk Management, Business Administration, Finance or Accounting preferred.
• 8+ years of risk management experience preferred.
• 2+ years of managerial experience preferred.
• Strong analytical skills; ability to interpret laws, regulations and contracts.
• Ability to lead, mentor others and manage resources.

Responsibilities

• Lead risk management for Cardinal Health subsidiary; support physician-led specialty practices.
• Manage domestic and international insurance programs; renew policies and negotiate terms.
• Support underwriting inquiries and ensure regulatory compliance.
• Supervise Sr. Risk Analyst and provide oversight.
• Coordinate with brokers and actuaries on reserve analysis and budgets.

Skills

Problem solving

Financial analysis

Communication skills

Leadership

Excel

SAP experience

Regulatory interpretation

Risk management

Education

Bachelor’s degree

Tools

Microsoft Office

Excel

SAP

Job description

What Risk Management contributes to Cardinal Health

Finance oversees the accounting, tax, financial plans and policies of the organization, establishes and maintains fiscal controls, prepares and interprets financial reports, oversees financial systems and safeguards the organization's assets.

Risk Management identifies property, casualty and executive risks, recommends risk transfer solutions and administers risk transfer programs. This family mitigates retained risk via loss prevention and loss control programs. This family also analyzes strategic, operational, economic, regulatory and compliance risks and facilitates mitigation strategies (e.g., business continuity) to address those risks.

Responsibilities

• Lead the risk management function for The Specialty Alliance, a Cardinal Health subsidiary that supports independent specialty practices by providing the infrastructure, resources, and scale needed to grow while preserving physician leadership and clinical independence. Built for specialists, by specialists, we exist to empower the foremost physician-led groups in gastroenterology and urology-helping them thrive through scale, infrastructure, and innovation without compromising clinical independence.
• Manages domestic and international primary casualty commercial insurance programs, property, professional liability (including medical malpractice), umbrella, cyber and other insurance programs. This involves the renewal of insurance policies, presentation of risk to insurance underwriters, negotiation of policy terms and conditions and compliance with country insurance regulations.
• Supports the completion of required submissions and underwriting inquiries.
• Supervises and develops the Sr. Risk Analyst and as a result provides oversite and support for the Sr. Analyst job accountabilities.
• Manages and directs insurance brokers in determining insurance policy renewal strategies, selecting insurance carriers, negotiating coverage and premium and placing insurance. Establishes relationships with worldwide insurance markets to ensure capacity for risk exposures.
• Works directly with actuaries to complete quarterly reserve analysis and communicates those results to internal stakeholders.
• Prepares operational and risk management reports for management, including overall insurance program costs, annual budgets/forecasts, and historical loss experience. Recommends risk management budget for insurance coverages managed and determines business unit allocations for premium and retained risk costs.
• Functions as a departmental RMIS Risk Management Information Systemsubject matter expert.
• Performs due diligence activities for potential acquisitions, including analysis of risk exposures and insurance integration issues. Manages integration of acquired business into Company’s insurance programs.
• Identifies new risk exposures and analyzes and classifies risks as to frequency and potential severity in order to recommend whether such risks are retained or transferred to third parties.
• Reviews vendor and customer contracts to mitigate risk by drafting and negotiating insurance provisions and providing advice regarding indemnification obligations.
• Manages and/or participates in various risk management projects as assigned.
• Works to understand complex situations by employing attention to detail while also breaking topics/issues down.
• Uses deep subject matter/functional expertise, influence and process skills to help internal/external customers and stakeholders identify and meet their high priority needs while considering cultural and diversity implications.
• Demonstrates a high degree of internal customer support; collaborates with appropriate parties to identify the drivers leading to business success.
• Encourages informed risk-taking and acts as a catalyst for innovation at Cardinal Health; generates practical, sustainable and creative options to solve problems and create business opportunities, while maximizing existing resources.
• Proactively develops and maintains technical knowledge in specialized area(s), remaining current on trends and best practices.
• Displays a willingness to constantly learn as part of a complex dynamic environment.

Qualifications

• Bachelor’s degree or equivalent, preferably in Risk Management, Business Administration, Finance or Accounting, preferred
• 8+ years equivalent risk management experience, preferred
• 2+ years manager experience, preferred
• Ability to define problems, collect data, and draw valid conclusions. Ability to make sound business judgements and decisions based on summary information. Ability to interpret applicable laws, regulations and contracts. Strong analytical skills.
• Ability to strategically plan and organize resources, orchestrate multiple activities at once to accomplish a goal/project management and use resources effectively/efficiently.
• Excellent oral and written communication skills. Ability to summarize and analyze financial matters into clear, concise presentations (written and oral) for effectively interacting with various levels of management.
• Proficient in Microsoft Office; Expert or Advanced Excel skills preferred; SAP experience preferred. Operational Excellence or Risk Management Information System experience is a plus.
• Relied upon to exceed goals successfully and to push self/others for results. Ability to lead and mentor others team members.
• Ability to deal comfortably with company senior leadership, to understand company strategic goals and needs , Ability to effectively present information and respond to questions from business partners, vendors, customers, and insurance underwriters. Strong interpersonal skills.
• Ability to work independently in a fast paced, busy environment with deadlines.

Anticipated salary range: $105,100-$165,110

Bonus eligible:Yes

Benefits:Cardinal Health offers a wide variety of benefits and programs to support health and well-being.

• Medical, dental and vision coverage
• Paid time off plan
• Health savings account (HSA)
• 401k savings plan
• Access to wages before pay day with myFlexPay
• Flexible spending accounts (FSAs)
• Short- and long-term disability coverage
• Work-Life resources
• Paid parental leave
• Healthy lifestyle programs

Application window anticipated to close: 08/31/2026

The salary range listed is an estimate. Pay at Cardinal Health is determined by multiple factors including, but not limited to, a candidate’s geographical location, relevant education, experience and skills and an evaluation of internal pay equity.

Candidates who are back-to-work, people with disabilities, without a college degree, and Veterans are encouraged to apply.

Cardinal Health supports an inclusive workplace that values diversity of thought, experience and background. We celebrate the power of our differences to create better solutions for our customers by ensuring employees can be their authentic selves each day. Cardinal Health is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, ancestry, age, physical or mental disability, sex, sexual orientation, gender identity/expression, pregnancy, veteran status, marital status, creed, status with regard to public assistance, genetic status or any other status protected by federal, state or local law.