Vice President Insurance, Risk Management, and Claims

Job Title :

Vice President Insurance, Risk Management, and Claims

Department : Insurance

Country :

United States of America

State / Province : Arkansas

City : Lowell

Full / Part Time : Full time

Job Summary :

Under administrative direction, this position is responsible for the management of the company's risk mitigation programs, including claims processing, as well as the structure, design, and procurement of the insurance and risk financing programs across all areas of the company's exposures. This role also collaborates in establishing and promoting the company's enterprise risk management practices.

Job Description :

Key Responsibilities :

• Utilizes personal skills and independent knowledge to build relationships within the insurance underwriting community to promote positive structure and design of cost effective insurance programs
• Utilizes personal skills and industry knowledge to build effective relationships with national insurance broker practices to ensure the most favorable insurance markets, structures, and pricing are being utilized; including, but not limited to, managing multiple insurance brokers across various lines of coverage
• Utilizes personal skills and industry knowledge to build effective relationships with industry peers to remain updated of evolving industry topics and matters that can effect insurance, claims, and risk programs
• Utilizes personal knowledge and experience to effectively manage teams to ensure protection of the company's assets, employees, and shareholders in a legal and fair manner, while ensuring all claims are handled according to insurance policy guidelines
• Oversees accurate and up-to-date reserving levels for all claims exposures against the company
• Partners closely with the company's CFO and finance teams to ensure proper accounting of risk financing programs
• Confers with Executive leadership and Board of Directors regularly, advising on potential material company exposures and mitigation efforts combatting these exposures
• Affirms business unit leadership is fully informed of all financial exposures relevant to their areas of responsibility and provides strategic guidance on the development and implementation of mitigation frameworks to address associated risks
• Utilizes independent knowledge in working with business-unit-level operations to identify and assist in development of programs designed to mitigate risk and financial exposure
• Utilizes independent knowledge in working with legal and procurement teams to evaluate and negotiate acceptable contractual risk mitigation and insurance terms
• Utilizes strong negotiations skills in insurance procurement / policy adjustments and claims and litigation scenarios
• Utilizes interpersonal skills in influencing others outside and within the organization, fostering alignment and driving optimal outcomes

Qualifications :

Minimum Qualifications :

Bachelor's degree in Business, Finance, Risk Management, or related field with 15 years Auto / General Liability Claims, Insurance, Risk Management, or relevant experience with at least 10 years of which being direct management experience

AND Demonstration of the following skills and abilities through education, certifications, military, or other experiences

Travel required up to 25% of the time

International travel required on occasion; must have valid passport and be permitted to travel outside of the United States

Ability to read and understand insurance policies and policy terms / language

Ability to understand risk financing options and accounting principles

Ability to understand legal contractual terms

Ability to understand claims and litigation strategy and process

Ability to uphold a professional demeanor in all interactions, demonstrating empathy and patience in the face of challenging situations

Ability to accurately analyze situations and reach productive decisions based on informed judgment

Ability to adapt to a dynamic work environment and shifting priorities and directives

Ability to effectively transmit, receive, and accurately interpret ideas through various mediums

Ability to work with a variety of individuals and groups in a constructive and collaborative manner

Ability to capture and document relevant business information in an auditable, organized, and easily retrievable manner

Ability to process information with high levels of accuracy

Ability to effectively and persuasively communicate

Preferred Qualifications :

Auto / general liability, cargo and workers' comp claims, insurance, or risk management experience in the transportation industry

Certified Property Casualty Underwriter (CPCU) certification

Experience in managing Claims or Litigation teams within the Transportation or Insurance industry

Experience in managing large claims volume programs, including complex claims matter management systems

Ability to maintain composure under pressure

Ability to type at least 30 words-per-minute

Knowledge of claim investigation procedures

Knowledge of approaches and techniques for recognizing, anticipating, and resolving problems

Proficiency in documenting case details accurately and assessing payment eligibility

This position is not eligible for employment-based sponsorship.

Compensation :

Factors which may affect starting pay within this range may include skills, education, experience, geography, and other qualifications of the successful candidate. This position may be eligible for annual bonus and incentives based on profitability or volumes in accordance with the terms of the Company’s bonus and incentive plans, as applicable and in effect from time to time.

Benefits :

The Company offers the following benefits for full-time positions, subject to applicable eligibility requirements, as may be in effect from time to time : medical benefit, dental benefit, vision benefit, 401(k) retirement plan, life insurance, short-term and long-term disability coverage, paid time off commensurate with tenure (includes vacation and sick time), six weeks of paid maternity leave along with two weeks of paid parental leave, and six paid holidays annually.

Education :

High School (Required)

Work Experience :

Loss Prevention / Claims Management

Job Opening ID :

00603835 Vice President Insurance, Risk Management, and Claims (Open)

“This job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.”

J.B. Hunt Transport, Inc. is committed to basing employment decisions on the principles of equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, persons with disabilities, protected veterans or other bases by applicable law.

Fortune 500 experience. Career advancement. Nationwide relocation possibilities.

Headquartered in Northwest Arkansas, J.B. Hunt is a dominant force in transportation and logistics, offering exciting career opportunities both at corporate and at field locations across the country. There are a variety of job types that support our business, so no matter your passion, J.B. Hunt is the place to jumpstart your career.

Why J.B. Hunt?

J.B. Hunt is a leading transportation and logistics company for one simple reason – our people. The career possibilities and benefits of working at J.B. Hunt are endless. From competitive salary and benefits packages, to defined career paths and growth opportunities, we take care of our people and take great pride in our efforts to build and sustain an inclusive workplace for all employees.

What are we looking for?

J.B. Hunt welcomes high-energy, forward-thinking people of all backgrounds and experience levels to join our team. We offer full-time, entry level, professional and management opportunities across all departments. Whether you are fresh out of school or bring years of industry experience, a role at J.B. Hunt could take your career to the next level.

J.B. Hunt is proud to serve individuals of all abilities. If you need assistance completing your application, please contact us at people.support@jbhunt.com .

J.B. Hunt Transport, Inc. affirms its belief in equal employment opportunity for all employees and applicants for employment in all terms and conditions of employment. J.B. Hunt is committed to both the spirit and the letter of affirmative action law and continues its good-faith efforts to comply with all applicable government laws and regulations. The company is committed to basing employment decisions on the principles of equal employment opportunity. J.B. Hunt will recruit, hire, compensate, offer benefits to, upgrade, train, layoff, terminate, and / or promote individuals without discrimination in regards to race, color, religion, sex, national origin, age, sexual orientation, gender identity, status as a qualified individual with a disability, status as a protected veteran, or other bases by applicable law.

J.B. Hunt Transport, Inc. offers reasonable accommodation in the employment process for individuals with disabilities. If you need assistance in the application process due to a disability, you may request accommodation at any time by calling 1-800-777-4968.