Vice President of Risk Management

JOB SUMMARY

A Vice President of Risk Management is a senior leader responsible for protecting the organization’s assets, operations, and people through comprehensive risk and insurance strategies. This role oversees commercial insurance placement, captive insurance programs, and surety bonds, while leading claims management activities including negotiations, litigated claims oversight, and participation in mediations. The VP monitors liability exposure through actuarial reserve reviews, claims analysis, and regular reporting to stakeholders, supports contract reviews by advising on insurance provisions in partnership with legal, and leads incident response efforts for major events, including directing investigation teams. Additionally, this role supervises claims leadership, ensures priorities are aligned and work is executed effectively, and contributes to the Enterprise Risk Management program to support organizational objectives.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Place coverages for all commercial lines to ensure assets and team members are properly insured.


• Lead claims negotiations and discussions with insurance carrier, legal, and property representatives.


• Support review of company contracts to provide feedback on insurance provisions in conjunction with corporate legal department.


• Review quarterly actuarial reserve analysis.


• Monitor litigated liability claims and provide updates to key stakeholders.


• Participate in mediations.


• Lead the Guest Incident Investigation Team at the Kentucky Oaks and Derby.


• Obtain surety bonds.


• Answer ad-hoc inquiries regarding coverage, best practices, and reserve changes.


• Prepare meaningful claims data (cause of loss reports, claim summaries, loss rate analysis, etc.) for quarterly meetings with each property.


• Oversee captive insurance company.


• Supervise Director or Claims to ensure all work is properly prioritized and completed.


• Serve on the Enterprise Risk Management team.

REQUIREMENTS

• Bachelor’s degree required; advanced degree preferred.


• 10-15 years of relevant risk management experience preferred.


• Excellent analytical, problem solving, and strategic thinking skills.


• Ability to analyze, interpret, and summarize data.


• Excellent financial acumen and understanding of risk management practices.


• Significant experience with commercial insurance policies.


• Experience working with a captive insurance company preferred.


• Detail oriented, professional demeanor, strong organization and project management skills.


• Strong interpersonal skills, including the ability to interact effectively with senior / executive management.


• Excellent verbal and written communication / presentation skills.


• Strong work ethic and ability to cultivate working relationships throughout the organization.


• Proficient with Microsoft suite products (Excel, PowerPoint, etc.).