Manager, Global Risk Management

Cardinal Health; Wisconsin; On-site; USD 107,000 - 168,000; Full time

Benefits offered by this job

Medical, dental & vision

401k plan

Paid time off

MyFlexPay access

FSAs

Job summary

Cardinal Health is seeking a Senior Global Risk Manager to lead domestic and international insurance programs, manage captive arrangements, and work with actuaries on reserve analyses. The role includes negotiating terms, managing brokers, and presenting risk to senior leadership.

Ideal candidates have extensive risk management and captive experience, with strong analytical and leadership skills. The position requires collaboration with senior stakeholders and may involve some travel to support

Qualifications

• Bachelor's degree in related field preferred.
• 8+ years risk management experience and captive experience preferred.
• Ability to define problems, collect data, and draw valid conclusions.
• Proficient in Microsoft Office; SAP experience preferred.

Responsibilities

• Manages domestic and international primary casualty commercial insurance programs and non-products umbrella.
• Negotiates policy terms and compliance with country regulations.
• Directs brokers in renewal strategies and carrier selection.
• Supports captive insurance company management and leverage captive reinsurance.
• Completes quarterly reserve analysis with actuaries and communicates results.
• Prepares insurance program costs, budgets and forecasts.

Skills

Risk management

Analytical skills

Leadership

Communication

Budgeting

Education

Bachelor's degree in Risk Management or related field

Tools

SAP

Origami RMIS

Excel

Job description

Ideal candidate will be based in Ohio with the ability to come into the Dublin, Ohio office monthly, quarterly and as needed for key relationship meetings.

What Global Risk Management contributes to Cardinal Health

Global Risk Management is responsible for implementing, administering and monitoring executive, property and casualty risk transfer and alternative risk financing programs to protect Cardinal Health’s assets.

Responsibilities

• This role reports to the Director, Global Risk Management and may have direct report(s).
• Manages domestic and international primary casualty commercial insurance programs (including the fronted miscellaneous professional liability) as well as the non-products umbrella. 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 insurance program renewal submissions and underwriting inquiries.
• 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.
• Provides the primary day-to-day support for the captive insurance company, works with an external captive manager and internal stakeholders. Manages and administers captive reinsurance arrangements and policies including strategic projects which may involve risk retention/group captive formation or other reinsurance arrangements.
• Works directly with actuaries to complete quarterly reserve analysis and communicates those results to internal stakeholders using established processes and procedures
• Prepares operational and risk management reports 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 system administrator for the departmental RMIS .
• Performs due diligence activities for potential acquisitions, including analysis of risk exposures, policy language and presenting due diligence findings to senior management. Manages integration of acquired businesses into Company’s insurance programs.
• Identifies new risk exposures, consults, 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 contracts to mitigate risk by drafting and negotiating insurance provisions, limitation on liability and providing advice regarding indemnification obligations.
• Manages and/or participates in various risk management projects as assigned.

Qualifications

• Bachelor's degree in related field such as Risk Management, Business Administration, Finance, Accounting, or equivalent work experience, preferred
• 8+ years risk management experience and captive 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 with Origami is a plus.
• Relied upon to exceed goals successfully and to encourage self/others for results. Ability and enthusiasm to lead and mentor team members.
• Ability to deal comfortably with company senior leadership, to understand company strategic goals and articulate how Risk Management adds value.
• 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, dynamic environment with deadlines.

Anticipated salary range: $106,700-$167,640

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: 12/01/2026

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.