Director Risk Management at The Home Depot

With a career at The Home Depot, you can be yourself and also be part of something bigger.

Position Purpose:

Develops strategy and identifies property, casualty, and liability risks and exposures, and devises methods to minimize loss potential while containing cost of risk. Identifies factors to determine when and where to engage with external insurance markets or utilize captive insurance options.

Key Responsibilities:

• 8% - Captive Insurance Company Management
• Manages day-to-day affairs of a captive insurance company ensuring the issuance of policies, adherence to financial and regulatory controls, and provides guidance on strategic opportunities.
• 8% - Certificate of Insurance Compliance Management
• Manages certificate of insurance tracking program for suppliers, vendors, installers and others with contractual obligations for providing certificates of insurance.
• 7% - Contract Risk Assessment & Insurance Provision Review
• Evaluates risk levels of various agreement and other contracts entered into by the company with specific focus on insurance and risk transfer provisions. Provides feedback and suggestions to Legal and outside counsel.
• 7% - Enterprise Risk Exposure Identification
• Identifies and evaluates insurable exposure.
• 8% - Incident Reporting & Claims Data Management
• Develops and maintains reporting systems for incidents involving auto, general liability, product liability, first-party property, marine cargo, and workers compensation incidents.
• 7% - Insurance Program Evaluation & M&A Support
• Evaluates appropriate insurance programs for subsidiary companies and provides support to M&A activity
• 8% - Loss Data Analysis & Actuarial Reserve Development
• Implements appropriate processes for review of loss data to develop actuarial loss reserves for workers compensation, Texas non-subscriber, automobile, general liability, and product liability programs.
• 8% - Management Reporting & Status Communication
• Typically expected to provide status reports to management as appropriate
• 8% - Policy Interpretation & Medium‑Term Decision Making
• Typically considers new courses of action within broad policies and medium-term goals when solving problems.
• 8% - Risk Information System Governance
• Develops and implements policy and procedures for the effective management of the risk information system; acts as liaison with the risk management information system vendor.
• 8% - Self‑Insurance Program Administration & Compliance
• Manages the effective use of self-insurance programs including annual review of cost effectiveness; ensures all associated government reporting obligations are met as prescribed by law or regulation.
• 7% - Strategic Problem‑Solving in Unstructured Environments
• Typically faces situations that are unstructured and require original approaches.

Direct Manager/Direct Reports:

• This Position typically reports to the Senior Director or Vice President
• This position has 2-4 Direct Reports

Travel Requirements:

• Typically requires overnight travel 5% to 20% of the time

Physical Requirements:

• Most of the time is spent sitting in a comfortable position and there is frequent opportunity to move about. On rare occasions, there may be a need to move or lift light articles.

Working Conditions:

• Located in a comfortable indoor area. Any unpleasant conditions would be infrequent and not objectionable.

Minimum Qualifications:

• Must be 18 years of age or older
• Must be legally permitted to work in the United States

Preferred Qualifications:

• None

Minimum Education:

• The knowledge, skills and abilities typically acquired through the completion of a bachelor's degree program or equivalent degree in a field of study related to the job.

Preferred Education:

• The knowledge, skills and abilities typically acquired through the completion of a master's degree program or equivalent degree in a field of study related to the job.

Minimum Years of Work Experience:

• 8

Preferred Years of Work Experience:

• 10

Minimum Leadership Experience:

• None

Preferred Leadership Experience:

• None

Certifications:

• MBA with concentration in accounting, finance or risk management
• CPA
• ARM, AIC, or CPCU designations

Competencies:

• Courage
• Decision Quality
• Builds Effective Teams
• Ensures Accountability
• Instills Trust
• Plans and Aligns
• Communicates Effectively
• Customer Focus
• Develops Talent
• Drives Results
• Balances Stakeholders
• Drives Results
• Expertise in the risk management / insurance discipline.
• Flexibility, problem solving, and organization skills.
• Strategic planning and risk management planning experience.
• Analytical and decision-making skills.