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Posted : Saturday, October 21, 2023 05:50 PM
UFG is currently seeking an Enterprise Risk Management (ERM) Manager to be responsible for planning, implementing, and managing the company’s ERM framework.
This framework is articulated in the Own Risk and Solvency Assessment (ORSA) Summary report and enables the company to identify, assess, measure, monitor, control and mitigate enterprise risks.
Critical activities include risk identification and prioritization through the Corporate Risk Register (CRR) and the Risk Landscape Report, defining corporate risk appetite and monitoring risk tolerance through the Risk Tolerance Dashboard (RTD), and supervising risk analyst staff.
The ERM Manager works directly with the CRRO to advise executive leadership on relevant enterprise risks and manages meetings and resources to ensure the UFG Risk Office is fulfilling its mission.
Responsibilities: Manage the risk identification process including membership and ownership of risk evaluation teams and following through on action items identified.
Ensure that risk statements, mitigation strategies, and stress statements are current, correct, and complete.
Develop and implement the enterprise risk management framework designed to enable the enterprise to achieve its strategic objectives while managing its operational risks.
Oversee the quarterly preparation of the Risk Landscape Report and the Risk Tolerance Report Manage the continuous ORSA process and the annual preparation of the ORSA Summary Report Coordinate the schedule and agenda for the quarterly Enterprise Risk Management Committee Ensure residual risk within UFG’s business units remains within the company’s defined corporate risk appetite statement and risk tolerance metrics.
Partner with CTO and UFG leadership to support and drive UFG’s innovation strategy and initiatives.
Communicate with senior management and other external audiences about operational risk topics.
Work closely with the economic capital modeling team to ensure that the model is being applied to relevant processes within the Risk Office and within the company.
Assist with the continued development of the economic capital model, stress testing and capital adequacy.
Collaborate with the property catastrophe analytics team to enable the company to manage property catastrophe risk exposures within defined tolerances.
Collaborate with the ceded reinsurance team to ensure that the company’s reinsurance program is fit for purpose.
Work with other staff throughout the organization in support of ERM, capital modeling, capital management, reinsurance and corporate ratings.
Other duties as assigned.
Qualifications: Education: Bachelor’s degree in accounting, business, finance, economics, risk management or other related field required.
Master’s degree preferred.
Certified Risk Manager (CRM), Associate in Risk Management (ARM) or other risk management designation/coursework is a plus.
Experience: 5+ years of enterprise risk management experience or with multiple functional areas of a P&C insurance company.
2+ years of leadership or managerial experience.
Knowledge, skills & abilities: Strong knowledge of enterprise risk management (ERM) and operational risk management disciplines and knowledge of ERM best practices, within the financial services/insurance industry preferred Strong understanding of internal controls Experience producing high quality enterprise-wide risk assessments, including inherent risk and residual risk Understanding the risk and control environments including how data is used to determine risk scoring Ability to effectively develop and communicate recommendations based upon regulatory guidance and standards; Detail-oriented problem solver with proven ability to evaluate processes, controls and issues to determine the risks; proven ability to facilitate discussions and bring to closure control issues High ethical standards with a drive to achieve the best solution Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization Strong desktop skills (Microsoft Word, Excel, and Powerpoint) Must be intellectually curious, highly engaged, and personally driven to achieve optimal outcomes and create value.
Knowledge and experience working with property, professional and general liability, auto and workers compensation insurance.
Working Conditions: This position works in a general office environment not typically subject to adverse environmental or hazardous conditions.
This framework is articulated in the Own Risk and Solvency Assessment (ORSA) Summary report and enables the company to identify, assess, measure, monitor, control and mitigate enterprise risks.
Critical activities include risk identification and prioritization through the Corporate Risk Register (CRR) and the Risk Landscape Report, defining corporate risk appetite and monitoring risk tolerance through the Risk Tolerance Dashboard (RTD), and supervising risk analyst staff.
The ERM Manager works directly with the CRRO to advise executive leadership on relevant enterprise risks and manages meetings and resources to ensure the UFG Risk Office is fulfilling its mission.
Responsibilities: Manage the risk identification process including membership and ownership of risk evaluation teams and following through on action items identified.
Ensure that risk statements, mitigation strategies, and stress statements are current, correct, and complete.
Develop and implement the enterprise risk management framework designed to enable the enterprise to achieve its strategic objectives while managing its operational risks.
Oversee the quarterly preparation of the Risk Landscape Report and the Risk Tolerance Report Manage the continuous ORSA process and the annual preparation of the ORSA Summary Report Coordinate the schedule and agenda for the quarterly Enterprise Risk Management Committee Ensure residual risk within UFG’s business units remains within the company’s defined corporate risk appetite statement and risk tolerance metrics.
Partner with CTO and UFG leadership to support and drive UFG’s innovation strategy and initiatives.
Communicate with senior management and other external audiences about operational risk topics.
Work closely with the economic capital modeling team to ensure that the model is being applied to relevant processes within the Risk Office and within the company.
Assist with the continued development of the economic capital model, stress testing and capital adequacy.
Collaborate with the property catastrophe analytics team to enable the company to manage property catastrophe risk exposures within defined tolerances.
Collaborate with the ceded reinsurance team to ensure that the company’s reinsurance program is fit for purpose.
Work with other staff throughout the organization in support of ERM, capital modeling, capital management, reinsurance and corporate ratings.
Other duties as assigned.
Qualifications: Education: Bachelor’s degree in accounting, business, finance, economics, risk management or other related field required.
Master’s degree preferred.
Certified Risk Manager (CRM), Associate in Risk Management (ARM) or other risk management designation/coursework is a plus.
Experience: 5+ years of enterprise risk management experience or with multiple functional areas of a P&C insurance company.
2+ years of leadership or managerial experience.
Knowledge, skills & abilities: Strong knowledge of enterprise risk management (ERM) and operational risk management disciplines and knowledge of ERM best practices, within the financial services/insurance industry preferred Strong understanding of internal controls Experience producing high quality enterprise-wide risk assessments, including inherent risk and residual risk Understanding the risk and control environments including how data is used to determine risk scoring Ability to effectively develop and communicate recommendations based upon regulatory guidance and standards; Detail-oriented problem solver with proven ability to evaluate processes, controls and issues to determine the risks; proven ability to facilitate discussions and bring to closure control issues High ethical standards with a drive to achieve the best solution Strong interpersonal skills with the ability to work collaboratively and with people at all levels of the organization Strong desktop skills (Microsoft Word, Excel, and Powerpoint) Must be intellectually curious, highly engaged, and personally driven to achieve optimal outcomes and create value.
Knowledge and experience working with property, professional and general liability, auto and workers compensation insurance.
Working Conditions: This position works in a general office environment not typically subject to adverse environmental or hazardous conditions.
• Phone : NA
• Location : Cedar Rapids,Iowa,United States, Cedar Rapids, IA
• Post ID: 9146306116
