Senior Risk Manager

Post Holdings, Inc.; Missouri; Hybrid; USD 85,000 - 115,000; Full time

Job summary

A leading company in the food industry seeks a Risk Management Analyst to oversee corporate insurance processes and support various business units. This hybrid role involves data analysis, stakeholder communication, and ensuring compliance with insurance protocols. Ideal candidates will have a strong finance or risk management background with substantial experience in corporate risk settings.

Qualifications

• Minimum of 10 years’ experience in corporate risk management or financial analysis.
• Certifications preferred such as CRM or ARM.
• Experience as an underwriter or insurance broker preferred.

Responsibilities

• Assist with corporate property and casualty insurance program renewals.
• Lead the collection and analysis of renewal data for casualty lines.
• Manage relationships with insurance providers and brokers.

Skills

Communication

Negotiation

Attention to Detail

Analytical Skills

Education

Bachelor’s degree in finance, accounting or risk management

Advanced degree (MBA) preferred

Job description

Business Unit Overview

Feeding the world is what we do – how we do it is unique. We are not your textbook consumer packaged goods company. While others may be slow to make change happen, Post continuously drives both inorganic and organic growth. Our history is evidence of that fact with over 100 years of heritage and growth from brands that transcend generations like Honey Bunches of Oats, Fruity Pebbles, Malt-O-Meal, Bob Evans, Kibbles 'n Bits, Egg Beaters, Peter Pan peanut butter and more. Our foodservice and ingredient businesses supply other products you love for brands, restaurants and stores.

Our offices and manufacturing sites are in more than 60 locations in five countries, and we have 11,500+ employees. Over the past 12 years, Post has made 25+ acquisitions and reached $7.9 billion in net sales in fiscal 2024. During turbulent times of market uncertainty, the food industry has provided a level of stability unlike other industries.

Post Holdings, Inc. is a Fortune 500 company headquartered in Brentwood, a suburb of St. Louis, Missouri. Our casual professional atmosphere encourages team members to collaborate, innovate and support our operating companies. Our passion and drive advance the reputation of our operating companies and brands—together, we make a difference.

Responsibilities

This position will assist the Senior Director, Risk Management with the corporate property and casualty insurance program renewals and manage the on-going requests for information from the business units, insurance brokers and third-party claims administrators. This position will work closely with many functional areas within Post Holdings and each of the business units and serve as a trusted resource for accurate insurance information.

KEY RESPONSIBLITIES

• Lead the collection and analysis of the renewal data for all casualty lines of coverage for Company and its business units and any other majority owned organization. Work closely with the operating division’s finance personnel to collect the data.
• Analyze and understand variances in data and how it relates to changes in the organization.
• Research and respond to questions related to exposure data posed by brokers and underwriters.
• Manage the administration of the Ohio work comp programs including renewals and annual reporting.
• Lead the collection of the property renewal values for Company and its business units; ensure accurate reporting of insurable values for all property including business interruption values. Analyze and explain variances in data over prior year. Assist with allocation of insurance costs to the business units.
• Develop the annual insurance budget with broker and business unit allocations with finance.
• Manage the collateral needed for renewals including Bonds and Letters of Credit.
• Assist with managing the third-party claims administrator (TPA) who handles all work comp, auto and general liability claims. Ensure integrity of the claim reporting structure by managing organizational changes; assist with claim reporting needs of the organization. Participate in semi-annual claim reviews to develop sound understanding of claims.
• Monitor Company loss data to identify potentially large claims and provide management direction. Assist with ensuring claim reserves are appropriate.
• Effectively oversee the certificate of insurance process, including the collection and review of certificates received from vendors and suppliers; assist with the conversion to and the maintenance of a 3^rd party provider for certificate review; manage the issuance of Company certificates with broker at renewal.
• Assist with the integration of acquired companies into the Company’s insurance program. Manage insurance policy and reporting structure changes with brokers, TPA and others related to acquisitions, recapitalization, spin-offs and divestitures.
• Effectively communicate insurance coverage changes as needed to all levels within the organization including business unit operations teams.
• Assist the outside actuaries with the annual actuary report by ensuring accurate source data; understand and communicate the financial impacts of annual report to accounting and finance.
• Effectively manage insurance costs by reviewing all insurance related invoices to ensure accuracy; work with accounting on related analysis as requested. Analyze the total cost of risk, including the self-insured accruals as needed. Partner with procurement and finance on purchase order creation and invoice payment.
• Facilitate communication between business units and insurance brokers on various topics including certain claims issues involving work comp, auto, general liability, and cargo claims.
• Assist with managing the relationships with insurance providers such as brokers and underwriters.

Qualifications

QUALIFICATIONS / SKILLS

• Bachelor’s degree in finance, accounting or risk management and preferred advanced degree (MBA)
• Minimum of 10 years’ experience in corporate risk management or financial analysis with an aptitude and willingness to learn corporate insurance
• Certifications preferred such as Certified Risk Manager (CRM) or Associate Risk Management (ARM) or other insurance related designations or willingness to pursue
• Experience as an underwriter, insurance broker, or in a corporate risk management department preferred
• Superior communication skills including ability to translate complex insurance concepts to diverse audiences
• Negotiation skills and ability to influence at various levels including senior leadership
• Great attention to detail and ability to efficiently multitask and thrive in a matrix reporting environment
• Organized finance professional with a commitment to continuous process improvement and demonstrated ability to meet deadlines
• Proven team player with excellent verbal and written communication skills and analytical skills
• Positive attitude and the ability to "get things done”
• Willingness to travel on occasion for meetings and/or training opportunities

This is a hybrid role based in St. Louis, Missouri. In-office days are Tuesdays, Wednesdays and Thursdays. Work from home days are Mondays and Fridays. #LI-hybrid