$190,000–$215,000 Per Year
Job Number #172504 - New York, New York, United States
Who We Are
Colgate-Palmolive Company is a global consumer products company operating in over 200 countries specializing in Oral Care, Personal Care, Home Care, Skin Care, and Pet Nutrition. Our products are trusted in more households than any other brand in the world, making us a household name!
Join Colgate-Palmolive, a caring, innovative growth company reimagining a healthier future for people, their pets, and our planet. Guided by our core values—Caring, Inclusive, and Courageous—we foster a culture that inspires our people to achieve common goals. Together, let's build a brighter, healthier future for all.
Director, Risk Management & Insurance
Location: Park Ave New York
Role Summary
The Director of Insurance and Risk Management is responsible for creating comprehensive risk and insurance management policies to safeguard corporate assets and minimize financial exposure. The Director evaluates, develops, implements and administers all Casualty, Property, FinPro and Specialty lines. The Director is also responsible for the management of Colgate's Captive, surety capacity, as well as Merger/Acquisition/Divestiture Due Diligence and the integration or run-off of the insurance policies, supporting the company and its business units. The Director manages the optimal balance between risk, cost, statutory, and contractual requirements.
Responsibilities
+ _Risk Identification and Assessment:_ _Identify all potential operational, property, liability, and other non-financial risks that could lead to a significant financial loss for the company . Work with business units and external experts to quantify the exposure and determine appropriate level of risk retain and insurance coverage._
+ _Global Insurance Strategy and Placement:_ _Design, execute, and maintain the company's global insurance and self-insurance programs. Determining the optimal balance between risk transfer and retention. Direct global broker and carrier relationships, negotiate optimal coverage terms and pricing across all lines (Casualty, Property, FinPro, etc.). Oversee the financial management and regulatory compliance of the company's Captive._
+ _Claims Management and Recovery:_ _Lead complex claims management and subrogation strategies, authorizing settlements and coordinating with Legal and external counsel on litigation resolution. Ensure timely and strict compliance with policy notice provisions to protect coverage, provide comprehensive follow-up for legacy claims, and maintain all administrative records (e.g., policies, certificates of insurance, and proofs of financial responsibility)._
+ _Financial Management:__Direct financial analysis of insurance renewals to facilitate cost comparisons and develops budget estimates for various insurance programs. Prepare the annual insurance budget and allocate premiums back to business units in a transparent and equitable manner._
+ _Contract & M&A Support:_ _Partner with Legal and Operations to refine contract language and review risk-related clauses in agreements, leases, and licenses as well as real estate transactions. Conduct insurance due diligence for mergers and acquisitions._
Required Qualifications:
+ _Bachelor’s degree in Risk Management, Finance, Business, or a closely related quantitative field._
+ 12+ years of progressive experience in corporate risk management or insurance account management, with a track record in global operations in a large, multinational company
+ Expert knowledge of complex claims, commercial insurance products, and international insurance concepts.
+ Prior experience in the direct management of a Captive.
+ Strong quantitative and financial acumen, including the ability to interpret actuarial analyses and manage departmental budgets.
+ Excellent proficiency in translating technical insurance data, risk profiles, and metrics into clear guidance for varied internal audiences.
Preferred Qualifications:
+ _Proficiency in leveraging technology tools to streamline reporting, perform advanced data analysis, and drive process automation._
+ Professional designations such as CPCU and / or ARM
Compensation and Benefits
Salary Range $190,000.00 - $215,000.00 USD
Pay is determined based on experience, qualifications, and location. Salaried employees may also be eligible for discretionary bonuses, profit-sharing, and long-term incentives for Executive-level roles.
Benefits: Salaried employees enjoy a comprehensive benefits package, including medical, dental, vision, basic life insurance, paid parental leave, disability coverage, and participation in the 401(k) retirement plan with company matching contributions subject to eligibility requirements. Additional benefits include a minimum of 15 vacation/PTO days (hourly employees receive a minimum of 120 hours) and 13 paid holidays (vacation days are prorated based on the employee's hire date within the calendar year). Paid sick leave is adjusted based on role and location in accordance with local laws. Detailed information regarding paid sick leave entitlements will be provided to employees upon hiring and may be subject to adjustments based on changes in legislation or company policies.
Our Commitment to Inclusion
Our journey begins with our people—developing strong talent with diverse backgrounds and perspectives to best serve our consumers around the world and fostering an inclusive environment where everyone feels a true sense of belonging. We are dedicated to ensuring that each individual can be their authentic self, is treated with respect, and is empowered by leadership to contribute meaningfully to our business.
Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.
Reasonable accommodation during the application process is available for persons with disabilities. Please complete this request form (https://docs.google.com/forms/d/e/1FAIpQLSdaxk_eF4utznQoVHlxmL9jVFJbOkM4Oe5CAdKOg-h9EPdLfg/viewform) should you require accommodation.
For additional Colgate terms and conditions, please click here (https://www.colgatepalmolive.com/content/dam/cp-sites/corporate/corporate/en_us/corp/locale-assets/pdf/colgate-terms-and-conditions-2023.pdf) .
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Colgate-Palmolive
The small soap and candle business that William Colgate began in New York City early in the 19th century is now, more than 200 years later, a truly global company serving hundreds of millions of consumers worldwide. Throughout this history, Colgate people and Colgate values have been at the heart of our success.
Today, Colgate focuses on four core businesses Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate now sells its products in over 200 countries and territories worldwide.
10,000 employees or more
Consumer Packaged Goods Manufacturing
https://www.colgatepalmolive.com/en-us