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Director, Risk Management

Country : USA

State : New York


Category : Logistics

Contract type : Permanent

Availability : Full time

Job description

Coty is seeking a Director of Risk & Insurance for our Corporate team. In this role, the Director of Risk & Insurance will provide direction and oversight of risk management at a corporate level and will develop, enforce and drive strategy as it pertains to compliance, loss events and will improve the internal process to prevent future loss and risk. Reporting to the SVP Corporate Finance the Director of Risk & Insurance will be responsible for implementing and maintaining Coty's Risk Management program. Duties include the administration of property & casualty insurance and executive risk categories.
- Negotiate and renew all insurance policies for various lines of coverage, with the objective of minimizing the total cost of the insurance program. Determines risk retention levels, aggregates and limits of insurance
- Own the process of identifying, measuring and managing insurable risks, developing reports and plans, and defining the implementation of risk solutions that optimize operations.
- Manage relationship with insurance brokers and insurance companies and drive coordination amongst external and internal stakeholders.
- Act as the insurance subject matter expert and advise internal teams on potential risks and coverage requirements for company initiatives.
- Assist with budgets, forecasts, and financial reports, including the analysis of annual insurance premiums, financial performance of insurance programs, and premium allocations.
- Review leases, contracts and other legal documents to evaluate appropriateness and assure compliance
- Oversee claims management, analyze loss data and identify corrective actions where possible.
- Reviews and analyzes exposure risks presented by claims and litigation and ensures establishment of appropriate liability reserves; participate on behalf of Coty Inc. at alternative dispute resolution proceedings.
- Reviews insurance billings against claims data to ensure detailed reconciliation.
- Track claims trends and safety narratives through business reviews with leadership.
- Liaison with the M&A team on all risk management related items


- Bachelor's degree in Finance or equivalent related work; MBA preferred
- 7-10 years of demonstrated experience in managing and directing large insurance programs or risk management programs is required
- Strong project and time management skills with the ability to handle multiple tasks, set priorities, meet deadlines and develop process efficiencies
- Strong presentation skills, particularly in the development of professional and thoughtful materials
- Ability to work independently
- Ability to drive key program and process improvements and effectively manage priorities and ambiguity
- Experience leading cross-functional teams and projects
- Excellent organization and communication skills
Special skills required:
- Licensed insurance industry professional a plus
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