Risk Manager

Donaldson Company; BLOOMINGTON (MN); On-site; USD 93,800 - 122,000; Full time

Benefits offered by this job

Health benefits

Retirement plan (401k)

Paid time away

Paid parental leave

Job summary

Donaldson Company in Bloomington, MN, is seeking a qualified individual to lead workers' compensation claims management. The candidate must have a Bachelor's degree and at least 8 years of experience in risk management or claims administration.

This role involves overseeing claims, supporting programs for property and casualty insurance, and analyzing claims data. The position offers a competitive salary ranging from $93,800 to $122,000, with additional benefits including health plans, a retirement plan, and paid time off.

Qualifications

• 8+ years of experience in risk management, insurance, or claims administration.
• Strong knowledge of workers' compensation claims handling practices.

Responsibilities

• Lead oversight of workers' compensation claims within a high-deductible program.
• Manage third-party administrator to drive claim strategy and timely resolution.
• Analyze claims data to inform risk management strategies.

Skills

Workers' compensation claims management

Risk management

Analytical skills

Organizational skills

Communication skills

Education

Bachelor's degree

Job description

Position Summary

Donaldson is committed to solving the world's most complex filtration challenges. Together, we make cool things. As an established technology and innovation leader, we are continuously evolving to meet the filtration needs of our changing world. Join a culture of collaboration and innovation that matters and a chance to learn, effect change, and make meaningful contributions at work and in communities.

Role Responsibilities

Workers' Compensation Claims Management

• Lead day-to-day oversight of workers' compensation claims within a high-deductible program
• Manage the third-party administrator (TPA) to drive claim strategy, reserve adequacy, and timely resolution
• Conduct regular claim reviews, with a focus on large, complex, or litigated claims
• Collaborate with key stakeholders on return-to-work planning, accommodations, and claim resolution strategies
• Monitor and report claim trends, identify loss drivers, and recommend actionable improvements
• Support litigation management, including coordination with defense counsel and internal stakeholders

FM Global Engineering & Property Risk Management

• Coordinate with FM Global and partner with internal stakeholders to lead property risk engineering and loss prevention initiatives
• Manage FM engineering visits, track and prioritize recommendations to ensure timely execution by facility teams, report follow-up activities, and monitor progress

Insurance Program Administration

• Support the placement and renewal of global property and casualty insurance programs
• Assist with exposure data collection, underwriting submissions, and program analysis
• Manage certificates of insurance, policy documentation, and related compliance activities
• Coordinate with brokers and insurers to address coverage questions and policy administration
• Support M&A due diligence and insurance program integration
• Review contractual insurance requirements for alignment with risk management standards

Claims Management (General Liability, Auto, Property)

• Support the management of general liability, auto liability, and property claims as needed
• Assist with claim reporting, investigation coordination, and coverage analysis
• Partner with internal stakeholders and external partners to facilitate efficient claim resolution

Analytics & Reporting

• Analyze and report claims, exposure, and loss prevention data to identify trends and inform risk management strategy
• Develop and maintain reports and dashboards related to claims performance and risk metrics
• Support budgeting, accruals, and total cost of risk analysis

Minimum Qualifications

• Bachelor's degree
• 8+ years of experience in risk management, insurance, or claims administration

Preferred Qualifications

• Strong knowledge of workers' compensation claims handling practices
• Experience managing workers' compensation programs in a high-deductible or self-insured environment
• Experience working with third-party administrators (TPAs) and conducting claim reviews
• Familiarity with FM Global or similar property risk engineering carriers
• Professional designations such as ARM, CPCU, or similar
• Excellent analytical, organizational, and communication skills
• Ability to manage multiple priorities and work effectively across functions

Relocation

This position is not eligible for relocation assistance.

Annual Salary Range

$93,800 – 122,000. Actual salaries will vary based on several factors including, but not limited to applicable work experience, training, education, performance. Based on work location, geographic adjustment is included.

Compensation Details

Eligible for sales incentive or commission plan based on sales targets under company policy.

Employee Benefits

Employee benefits are part of the competitive total rewards package that Donaldson Company, Inc. provides. Our comprehensive benefits program includes health benefits, retirement plan (401k), paid time away, paid leaves (including paid parental leave) and more.

Immigration Sponsorship Not Available

• Applicants for this position must be currently and legally authorized to work in the United States without the need for current or future sponsorship (e.g., H-1B, J-1, F-1, CPT, OPT, etc.).
• Donaldson will not offer immigration sponsorship or assume sponsorship of an employment visa for this position.
• International relocation or remote work arrangements outside of the U.S. will not be considered.

Keywords

Risk Management, Continuous Improvement, Loss Prevention, Workers Compensation, Claims

Equal Employment Opportunity

Equal Opportunity Employer, including Disability and Veterans.

Our policy is to provide equal employment opportunities to all qualified persons without regard to race, gender, color, disability, national origin, age, religion, union affiliation, sexual orientation, veteran status, citizenship, gender identity and/or expression, or other status protected by law.