Insurance Risk Manager

Midco

Sioux Falls, SD

JOB DETAILS
SALARY
$90,000–$120,000 Per Year
SKILLS
Business Analysis, Business Continuity Planning (BCP), Business Operations, Claims Management, Claims Processing, Computer Workstations, Decision Support, Finance, Human Resources, Incident Management, Information Technology & Information Systems, Insurance, Insurance Documentation, Keyboards, Leadership, Legal, Microsoft Excel, Microsoft Office, Microsoft PowerPoint, Multitasking, Network Operations Center, People Management, Physical Demands, Process Management, Project/Program Management, Reporting Skills, Risk, Risk Analysis, Risk Management, Root Cause Analysis, Surety Bonds, Systems Administration/Management, Team Lead/Manager, Team Player, Time Management, Trend Analysis, Willing to Travel
LOCATION
Sioux Falls, SD
POSTED
1 day ago
### Work Location Type Remote ### Location(s) ### Job Description **Job Summary:** The Corporate Insurance Risk Manager is responsible for identifying, assessing, and mitigating business risks to protect people, assets, and operations. This role leads incident and claims management, oversees insurance programs, prepares risk reporting to support informed leadership decision-making, and maintains business continuity programs. The Corporate Risk Manager collaborates across functions to ensure consistent responses to risk events and the implementation of effective mitigation strategies. This position can be located within the Midco footprint of KS, MN, ND, SD, or WI. Individuals located outside of this area must be willing to relocate to within the footprint. **Responsibilities:** - Partners with field leaders, insurance adjusters, and legal to effectively manage incidents and claims for general liability, auto, and property. - Coordinates the quarterly claims review process in partnership with our insurance carrier and Human Resources. - Provides support for the insurance program, including managing the annual renewal process. - Administers the Surety Bond program, Certificates of Insurance (COIs), Railroad Liability Policies and Builders Risk programs. - System administrator for Midcos preferred incident reporting system, Origami. - Lead quarterly risk trends reporting and distribution/presentation to field leaders and the EHS team. - Supports the creation of risk reporting presentation for senior leadership, Finance Committee and Board of Directors. - Coordinate with leadership on maintaining Midcos strategic (enterprise) risk universe and risk mitigation strategies. - Maintain Business Continuity Plan (BCP) and support creation of executive level tabletop crisis response exercises. - Monitor, evaluate and communicate emerging risks to business operations and senior leadership teams. - Owns data center SOC compliance program. - Provides back-up support for assigned Risk processes and procedures. - Cultivate productive working relationships with other team members including, but not limited to finance, EHS, legal, field leaders and IT to effectively cross departmental boundaries to ensure successful and desirable results. - Foster a cohesive working relationship with Midcos insurance broker and insurance carriers. - Model Midcos mission, vision, values, ethos, and Leadership Success Drivers, and inspire others to do the same. - Ensure customer privacy by adhering to Midcos privacy guidelines while actively following Midco policies and procedures. - Perform other duties as assigned. Note: Management reserves the right to assign or reassign functions and responsibilities to this job description at any time. **Required Qualifications:** - Bachelors degree or equivalent work required and/or equivalent experience in risk management or insurance programs. - Minimum of 5 years previous relevant experience. - Applicants must possess strong Microsoft Office skills, with expertise in PowerPoint and Excel. **Preferred Qualifications:** - Previous supervisory or experience leading teams. The hiring range for this position is $90,000-$120,000. The actual base salary offered will be determined based on multiple factors including internal equity, location, and the individuals job-related knowledge, skills and experience. In addition to the base salary, this position is eligible for an annual bonus based on company and/or individual performance. **Work Environment:** - 5-10% of travel required. - The noise level in the work environment is moderate. - May be required to work more than 40 hours per week. **Physical Demands:** - May occasionally be required to reach with hands and arms, stoop, kneel, or cr uch. - Heavy keyboard/mouse usage required with repetitive movements. - Must remain at your desk or workstation for long periods of time. **Mental Demands:** - Ability to analyze complex risk, claims, and incident data to identify trends, root causes, and opportunities for mitigation across business operations. - Strong critical thinking and judgment required to evaluate emerging risks and recommend appropriate actions to leadership, including situations involving legal, financial, or safety implications. - Capacity to manage multiple priorities and deadlines while coordinating crossfunctional processes. ### Benefits Summary - Free Midco internet and TV - Generous 401(k) match and paid time away from work programs - Midco-provided short and long term disability insurance - Midco contributions to your HSA - Programs to support your physical, mental, emotional and financial wellbeing - And many more ::: {style="color: #262321; background-color: #ffffff; font-size: 18.24px; font-family: Circular, -apple-s "} :::

About the Company

M

Midco