Manager of Risk Management

Wakefern Food Corp.; Edison (NJ); Hybrid; USD 140,000 - 170,000; Full time

Job summary

Wakefern Food Corp. is seeking a Manager of Risk Management in Edison, NJ. In this role, you'll manage comprehensive insurance and risk management programs, ensuring the organization's financial protection and optimizing risk management practices. Ideal candidates will have extensive experience in risk management, strong leadership skills, and a commitment to a culture of ownership.

Benefits

Vibrant Food Centric Culture

Competitive Salary and Paid Time Off

Fitness Reimbursement and Well-Being Program

Corporate Training and Development University

Collaborative team environment

401K

Matching Gifts and Community Volunteer Involvement

Qualifications

• Minimum 5-7 years of experience in insurance risk management.
• 2-5 years managerial experience required.
• Experience with RIMS, ARM, CPCU certifications preferred.

Responsibilities

• Manage all property and casualty insurance programs.
• Lead oversight of risk transfer and funding strategies.
• Coordinate loss control improvements across the organization.

Skills

Risk Management

Insurance Procurement

Claims Management

Leadership

Communication

Education

RIMS-CRMP Certification

ARM Certification

CPCU Certification

Job description

This range is provided by Wakefern Food Corp.. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$140,000.00/yr - $170,000.00/yr

Additional compensation types

Annual Bonus

About Wakefern

Wakefern Food Corp. is the largest retailer-owned cooperative in the United States and supports its co-operative members' retail operations, trading under the ShopRite, Price Rite, The Fresh Grocer, Dearborn Markets, Fairway Markets, Gourmet Garage and Di Bruno Bros. banners.

Employing an innovative approach to wholesale business services, Wakefern focuses on helping the independent retailer compete in a big business world. Providing the tools entrepreneurs need to stay a step ahead of the competition, Wakefern’s co-operative members benefit from the company’s extensive portfolio of services, including innovative technology, private label development, and best in class procurement practices.

About You

Your contribution:

The Manager of Risk Management will handle the comprehensive insurance and risk management programs of Wakefern, assessing and identifying risks that could impede the reputation, safety, security, and financial success of the organization and ensuring the financial protection of the organization through insurance and self-insurance programs.

Responsibilities include day to day management of the purchase and maintenance of insurance programs through third party insurers and/or captive insurance company, and the associated relationships with third party service providers including brokers, insurers and TPAs. This leader handles responsibilities of the Risk Management Committee (RMC) and captive board meetings, and prepares loss analyses and insurance budgets. In addition, the manager identifies risk exposures, recommends solutions and promotes practices to prevent, mitigate and reduce risk.

This position is located in Edison, NJ.

What you will do:

Insurance and Captive Programs

• Manage all property and casualty insurance and captive insurance programs.
• Lead the oversight and handling the risk transfer and funding strategies, including insurance renewals, captive operations and performance improvement of its programs
• Manage Risk Management Committee (RMC) agendas, planning, review, preparation and presentation of materials with internal and external providers.
• Manage captive meeting planning agenda, preparation and presentation of materials with internal and external providers.
• Handle property and casualty loss control programs, initiatives and activities, across the cooperative in partnership with external services providers and internal stakeholders.
• Recommend, help implement and monitor the performance of the risk management, insurance and regulatory practices, policies, and solutions across the enterprise.
• Coordinate the insurance inspections and loss control improvements across the organization

Business and Insurance Relations

• Oversee the insurance and captive programs relationship with brokers, insurers, insurance advisors and regulators.
• Collaborate with the team and cross divisional teams to identify day to day challenges and opportunities and look for ways to innovate, improve and implement, working holistically.
• Assist and respond to Member request/inquiries in a timely fashion.
• Lead a team of senior and junior risk analysts, and act as coach, mentor, and advisor.
• Educate team on insurance and risk management policies and practices
• Maximize performance across the division for efficiency and effectiveness.
• Evaluate team members’ performance and provide ongoing feedback for growth and development.

What we’re looking for:

• Minimum 5-7 years of in-depth insurance property and casualty risk management experience, including corporate insurance procurement, claims management and loss control programs.
• Minimum 2-5 years managerial experience
• Certification/Designation such as RIMS-CRMP, ARM and/or CPCU.
• Enterprise Risk Management experience is a plus.
• Origami or other RIMS system experience preferred.
• Strong people skills and customer service orientation, with ability to build and maintain strong internal and external relationships.
• Strong, demonstrated oral and written communication skills, including the ability to communicate clearly and effectively and deliver both informal and formal presentations.
• Ability to work in a fast-paced environment, with exceptional ability to multi-task, attend to detail and resolve problems effectively and efficiently
• Demonstrated ability to analyze data and metrics, evaluate information and develop and present a plan to support operations and business strategy
• Proactivity in day to day responsibilities, proceeding with a sense of urgency
• Strong leadership skills and self-awareness
• Ability to engage, inspire and influence others
• Ability to present complex information to associates and stakeholders with varying levels of knowledge
• Ability to maintain strict confidentiality
• Willingness to travel to and within our trading area
• Demonstrated proficiency in Microsoft Office Word, Excel and Powerpoint
• Ability to work a hybrid schedule as established by company (4 days on-site, 1 day remote)
• Valid driver’s license

How you will succeed:

• Think Strategically: Create a compelling vision, develop a strategy and empower others to achieve it
• Influence Others: The ability to effectively collaborate, inspire, persuade and align others
• Drive Change: Create the vision and drive the momentum for change
• Talent Planning: Build organizational and associate capability to achieve business goals
• Take Accountability: Drive a culture of ownership throughout the organization

Core Competencies

• Communicate Effectively: Communicates thoughts and ideas in a well-organized manner, encouraging two-way communication.
• Build Relationships: Creates cross-functional partnerships through the development and maintenance of constructive and cooperative relationships.
• Stay Competitive: Demonstrates a mindset of continuous improvement while exhibiting passion and enthusiasm for their work.
• Embrace Change: Looks for new ways of working by supporting advancements in processes and technology.
• Develop You: Identifies and capitalizes on opportunities for personal and professional career growth.
• Drive for Results: Supports divisional and strategic objectives through achievement of work goals.

Company Perks:

• Vibrant Food Centric Culture
• Competitive Salary and Paid Time Off
• Fitness Reimbursement and Well-Being Program
• Corporate Training and Development University
• Collaborative team environment
• 401K
• Matching Gifts and Community Volunteer Involvement

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Industries

  Retail

Referrals increase your chances of interviewing at Wakefern Food Corp. by 2x

Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

Paid maternity leave

Paid paternity leave

Tuition assistance

Get notified about new Manager Risk Management jobs in Edison, NJ.

New York, NY $80,000.00-$155,000.00 3 days ago

New York, NY $80,000.00-$155,000.00 1 week ago

New York, NY $80,000.00-$155,000.00 2 weeks ago

Consultant - Chief Risk Officer, Investments (Fractional/Contract Role)

Audit Manager, Risk Management, Finance, and Lending

New York, NY $130,000.00-$170,000.00 1 week ago

Jersey City, NJ $110,000.00-$190,000.00 3 weeks ago

New York, NY $169,500.00-$291,500.00 1 month ago

SVP, Senior Regional Service Manager - New York, NY

New York, NY $163,600.00-$245,400.00 1 week ago

New York, NY $169,500.00-$291,500.00 1 month ago

Sr Mgr Business Mgmt (US) Office of the Chief Risk Officer

New York, NY $110,760.00-$178,880.00 3 days ago

Manager, Risk, Compliance & Strategic Initiatives

New York, NY $74,000.00-$77,000.00 2 days ago

Consultant- Chief Risk Officer - Operations (Fractional/Contract Role)

New York, NY $80,000.00-$155,000.00 2 days ago

Westfield, NJ $145,000.00-$175,000.00 2 weeks ago

Manager, Financial Crime Risk Management - Commercial Bank

New York, NY $86,840.00-$139,360.00 2 days ago

AVP, Private Assets Operations - Private Credit

New York, NY $80,000.00-$175,000.00 1 week ago

New York, NY $90,000.00-$165,000.00 2 days ago

New York, NY $180,000.00-$250,000.00 3 months ago

Risk Management - Business Analysis Manager - Vice President

Central Compliance and Strategy Senior Manager

New York, NY $124,800.00-$214,500.00 2 weeks ago

Morris County, NJ $65,000.00-$100,000.00 1 day ago

Somerset, NJ $248,615.00-$341,846.00 3 weeks ago

Chief of Staff (Manager Assistant), Operational Risk Management (ORM)

New York, NY $80,000.00-$155,000.00 2 weeks ago

New York, NY $95,000.00-$150,000.00 1 week ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.