Contractors’ Warehouse —
Manager, Risk Management – Captive

POSITION PURPOSE – Support Home Depot’s Risk Management Department, with a special emphasis on managing existing captive programs, overseeing program performance, supporting internal stakeholders, and assisting with all aspects of captive oversight consistent with the Risk Management philosophy.

As an integral part of the Risk Management team, the Manager will oversee analysis of retained risk exposures within the captive to ensure the risk profile of the captive aligns with the department philosophy.  In addition, overseeing the tracking and reconciling of claims activity within the captive.

The incumbent will lead insurance renewals, including the collection and validation of exposure data, completion of renewal applications, and regulatory/audit documentation, as well as leading semi-annual actuarial review process of validating accuracy of loss data and coordinating with involved parties.

Ideal candidates will be well-versed in developing presentation materials for leadership surrounding new projects, insurance coverage, and conveying complex data in a digestible manner by specified deadlines and be comfortable assisting with traditional risk finance organizational tasks supporting various Home Depot operations units.

MAJOR TASKS, RESPONSIBILITIES AND KEY ACCOUNTABILITIES

• Ensures placement and administration of insurance and surety bond programs including retention analyses, coverage negotiations and policy/certificate maintenance; primary liaison with insurance brokers and insurance carriers.
• Provides proper control of administration of self-insurance programs including annual review of cost effectiveness; ensures all associated government reporting obligations are met as prescribed by law or regulation.
• Evaluates risk levels of various agreements and other contracts entered by the company with specific focus on insurance and risk transfer provisions. Provides feedback and suggestions to Legal and outside counsel.
• Implements appropriate processes for review of loss data to develop actuarial loss reserves for workers' compensation, Texas non-subscriber, automobile liability and general liability.
• Develops corporate insurance program and evaluates the incorporated levels of risk transfer and risk retention based on overall company strategies and risk appetite.
• Develops and implements policies and procedures for the effective management of the risk information system; acts as liaison with the risk management information system vendor. Oversees production of monthly field reports as well as ad hoc reports.
• Manage certificate of insurance tracking program for vendors, installers, and others with contractual obligations for providing certificates of insurance.
• Selects, develops, motivates and evaluates subordinate associates and vendor partners in a manner which ensures that the department is operating at its most effective abilities and in compliance with known company policies and procedures.

REQURIED QUALIFICATIONS

• Knowledge of risk management and insurance principals
• Proficient in PowerPoint
• Proficient in Excel, including knowledge of Pivot Tables, and VLOOKUP functions
• Strong analytical, problem solving and judgment skills
• Organization, planning and prioritization skills
• Ability to manage deadlines and work under pressure at times

PREFERRED QUALIFICATIONS

• Knowledge of captive insurance companies
• Experience in managing data and building reports for insurance programs
• Experience with large data sets and consolidating multiple data sets findings in streamlined reporting
• Experience reviewing financial statements
• Experience with financial audits

NATURE AND SCOPE – Typically reports to Senior Director of Risk Management with no direct responsibility for supervising others.

ENVIRONMENTAL JOB REQUIREMENTS – Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable. Typically requires overnight travel less than 10% of the time.

MINIMUM QUALIFICATIONS –
Must be eighteen years of age or older.
Must pass the Background Check.
Must pass pre-employment tests if applicable.

EDUCATION REQUIRED – The knowledge, skills and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field of study related to the job.

YEARS OF RELEVANT WORK EXPERIENCE – 5-10

PHYSICAL JOB REQUIREMENTS – Most time sitting in a comfortable position and there is frequent opportunity to move about. On rare occasions there may be a need to move or lift light articles.

KNOWLEDGE, SKILLS, ABILITIES AND COMPETENCIES – Advanced interpersonal skills for dealing with sensitive or controversial situations. Effective oral and written communication, skills and problem solving. Ability to solve problems by considering courses of action within the framework of management's goals and standards. Flexibility and team orientation required.