hr-ways-3
Senior Risk Manager | Remote from Pakistan | PKR Salary
Job description
About the company
The company we are looking for specializes in products for retail stores, wholesale, and distribution partners.
Role Overview ~ Senior Risk Manager
Position Summary The Senior Risk Manager will lead the design, implementation, and administration of the Company's insurance and risk financing strategy for a growing multi-state commercial real estate portfolio.
The role will oversee: traditional insurance programs, self-insurance initiatives, captive insurance formation activities, claims administration, lender insurance compliance, and reinsurance coordination.
The position will serve as the internal coordinator among: insurance brokers, captive managers, actuaries, reinsurers, legal counsel, auditors, lenders, and company operations teams.
The position is expected to evolve into a leadership role within the Company's future captive insurance operations.
Core Responsibilities Insurance Program Management
Manage all commercial insurance programs.
Coordinate annual renewals.
Review policy terms and conditions.
Monitor premium trends and market conditions.
Evaluate coverage gaps and opportunities.
Captive Formation Support
Coordinate captive feasibility studies.
Assist with data collection and underwriting submissions.
Manage actuarial and reserve studies.
Coordinate domicile applications.
Support licensing and regulatory filings.
Assist with capitalization planning.
Claims Management
Oversee all property and liability claims.
Monitor claim development.
Coordinate with TPAs and adjusters.
Review reserve adequacy.
Identify claim trends.
Self-Insurance and Retention Analysis
Analyze historical loss data.
Evaluate deductible strategies.
Recommend retention levels.
Monitor self-insured reserves.
Reinsurance Coordination
Assist in designing reinsurance structures.
Coordinate annual renewals.
Monitor catastrophe exposures.
Review reinsurance recoverables.
Property Exposure Management Maintain
Statement of Values (SOV)
Total Insured Values (TIV)
COPE data
catastrophe modeling information
Lender Compliance
Monitor insurance requirements.
Coordinate lender certificates.
Manage mortgagee schedules.
Ensure policy compliance.
Reporting Responsibilities Prepare quarterly reporting, including:
Insurance Dashboard
Total premiums
Claims activity
Loss ratios
Reserve development
Deductible utilization
Captive Dashboard
Captive surplus
Combined ratio
Retention levels
Reinsurance utilization
Return on capital
Minimum Qualifications Experience
7+ years in commercial insurance, risk management, or underwriting.
3+ years managing property and casualty insurance programs.
Preferred Experience Experience with: commercial real estate portfolios, retail centers, industrial assets, mixed-use projects, multi-state operations.
Highly Preferred Experience
Captive insurance programs.
Self-insurance structures.
Alternative risk financing.
Reinsurance placements.
Catastrophe modeling.
Education Required
- Bachelor's degree in: •
Risk Management
Finance
Accounting
Insurance
Business Administration
Preferred
MBA
MS Risk Management
Insurance specialization
Professional Designations Strongly Preferred : CPCU, ARM, CRM Valuable : ARe, CIC, RIMS-CRMP, CPA
Technical Skills The ideal candidate should possess working knowledge of:
Insurance Lines
Commercial Property
General Liability
Umbrella
Environmental
Inland Marine
Cyber
Workers Compensation
Analytical Skills
Loss runs
Claims triangles
Deductible analysis
Reserve analysis
Premium allocation
Catastrophe exposure modeling
Software Skills
Excel modeling
Insurance management systems
RMIS platforms
Power BI or Tableau preferred
Personal Characteristics The ideal candidate should be
Highly analytical
Detail oriented
Comfortable with financial modeling
Able to negotiate with brokers and carriers
Strong project manager
Comfortable interacting with lenders and regulators
Other Details: Experience: 7+ years Location: Remote from Pakistan Timings: US Time Zone
About HR Ways HR Ways is an award-winning Technical Recruitment Firm helping software houses and IT Product companies internationally and locally to find IT Talent. HR Ways is engaged by 300+ Employers worldwide, ranging from the world's biggest SaaS Companies to the most competitive Startups. We have entities in Dubai, Canada, the US, UK, Pakistan, India, Saudi Arabia, Portugal, Brazil, and other parts of the world. Join our WhatsApp Channel https://whatsapp.com/channel/0029VamSiLr5fM5fMtAdCS2M to stay updated, or visit www.hrways.co to know more.
