Risk Manager

Watsco Inc

coconut grove, FL

JOB DETAILS
SKILLS
Bidding, Bond Market, Brokerage, Business Development, Business Operations, Claims Management, Contract Review, Crisis Management, Customer Support/Service, Data Analysis, Forecasting, HVAC, Industry/Trade Analysis, Insurance, Legal, Loss Prevention, Management Reporting, Management Strategy, Market Tracking, Market Trend Analysis, Mentoring, Needs Assessment, Operational Audit, Operational Improvement, Operations Management, Operations Planning, Operations Processes, Plan Meetings, Procurement Management, Purchasing/Procurement, Refrigeration, Request for Proposals (RFP), Risk, Risk Analysis, Risk Management, Risk Management Framework (RMF), Sales, Surety Bonds, Systems Maintenance, Time Management
LOCATION
coconut grove, FL
POSTED
30+ days ago

Watsco Inc. is the largest distributor of air conditioning heating and refrigeration equipment and related parts and supplies in the HVACR distribution industry. We serve over 125000 contractor-customers through our 692 locations where more than 7400 team members bring essential sustainable comfort to families and businesses across the Americas. At Watsco we recognize our responsibility to help drive the transition to a lower carbon future. Thats why we are committed to providing high efficiency low carbon HVAC equipment and energy-saving parts and supplies to households and businesses across the Americas. Since January 2020 Watscos sales of high efficiency equipment has reduced future CO2e emissions by over 19.2 M MT. Learn more about our impact and how you can become part of this transformation at www.watsco.comenvironment We are actively seeking to add a Risk Manager to our Risk Management team. The Risk Manager is responsible for maintaining and enhancing the Companys risk management and insurance framework bond and surety program and compliance. The Manager will lead mentor the risk management team build and maintain the systems and processes used to support and apply various internal controls or any other tool in a decision-making context. This individual will serve as a trusted advisor within the department and the organization who is required to proactively identify assess and mitigate threats. The Manager will assist the Director of Risk Management in putting plans in place to mitigate remediate any incident and decide the best ways to proactively avoid reduce mitigate or transfer risk. This individual will help the procurement and overall management of the corporate risk management framework and claims while managing Watscos partnership with internal clients insurance brokers and providers as needed. Primary Duties Risk Management and Insurance Front-facing management of Watsco risk management framework and insurance programs. Lead Watscos insurance renewal processes including but not limited to the collection of internal information organizing meetings with stakeholders providing and presenting the findings and renewal results and recommendations to the Director of Risk Management. Ensure all claims are reported and handled in a timely and compliant manner. Manage and administer claims proactively to ensure timely resolution activity and reserves. Ensure timely response to insurance-related requests including but not limited to COIs contract reviews BIDs RFP claims notices etc. Lead planning and administration of risk and crisis management strategies and programs. Conduct operational risk analyses and research areas of exposure to assess insurance needs. Proactively identify opportunities to improve operational practices and processes. Develop operational risk management reporting and data analysis. Oversee and administer all insurance quotes binders policies schedule of insurance renewal presentation etc. Review contracts and agreements leases suppliers customers services etc. to ensure insurance adequacy risk transfer and indemnity provisions are acceptable and aligned to the Company guidelines. Identify and pursue risk mitigation and risk transfer opportunities in close collaboration with the operational teams business development legal insurance and procurement. Monitor insurance market dynamics and forecast market trends by gathering maintaining analyzing and presenting data and make recommendations to the Director of Risk Management related to the findings. Provide technical advice on insurance related matters loss prevention and other risk management issues. Coordinate insurance submissionsapplicationsagreements for all programs and work closely with the risk management team insurance brokers and internal stakeholders. Consolidate all claims loss and financial data for multiple plans and analyze the data to build monthly quarterly and annual reports for management as needed. Develop and lead all internal risk-related matters by developing support education and training across the organization to build risk awareness. Stay apprised of insurance industry trends and strategies and advise the company on opportunities to adopt or respond. Provide general support to the Risk Management Department as needed. Bond and Surety Build maintain and manage a surety bond program that cost-effectively addresses the companys risks and meets client and jurisdictional requirements. Ensure timely response to surety-related requests including but not limited to permit and license bond requests contract bond opportunities and surety reference letters. Advise bidding and estimating teams on available capacity bond structure and surety expectations. Manage surety and broker relationships in conjunction with the Director of Risk Management. Track and close completed bonds to maximize available bonding capacity. Stay apprised of surety industry trends and techniques and advise the company on opportunities to adopt or respond.

About the Company

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Watsco Inc