Enterprise Risk Specialist

AmericanAg
Schaumburg, IL Full Time
POSTED ON 5/21/2021 CLOSED ON 6/20/2021

Job Posting for Enterprise Risk Specialist at AmericanAg

Department:  Corporate Services

Reports to:    Sr. Vice President and Chief Risk Officer

Position Objective:  The enterprise risk specialist is responsible for coordinating details relating to the enterprise risk management (ERM) program, including the documentation of processes, meetings, risks, tolerances and mitigations. The enterprise risk specialist is responsible for the corporate insurance program and the business continuity plan.

Key Responsibilities:

  1. Assist the chief risk officer with enterprise risk management activities:
    • Continuously improve knowledge of ERM standards, techniques and processes
    • Develop ERM reports and exhibits
    • Risk analysis
    • Monitor of ERM activities/issues
    • Coordinate and participate in Emerging Risk Task Force meetings
    • Coordinate and participate in quarterly ERM Forum meetings
    • Maintain and update emerging risks portfolio
    • Build and maintain strong relationships with other AmericanAg staff to facilitate implementation of enterprise risk management processes
    • Provide supporting exhibits for the Own Risk Solvency Assessment
  2. Conduct and provide continuous enhancement strategies for AFBIS ERM
  3. Manage corporate insurance for American Ag, AFBIS, and AFBF:
    • Develop and maintain expertise regarding insurance policy types and the applicability to corporate exposures
    • Preparation of information for applications and renewals
    • Own process for acquisition of insurance and renewals
    • Research and consult regarding coverage related questions/issues
    • Evaluate quotes to ensure they are competitive and complete
    • Review and analyze insurance policies
  4. Mature and maintain business continuity plan (BCP)
    • Develop and maintain expertise in BCP standards, processes and best practices
    • Work closely with BCP coordinators for each to department to understand processes, identify gaps, and facilitate solutions
    • Prepare annual update to business continuity plan and critical contacts register.
    • Create business continuity documents and communicate business continuity strategy with all internal stakeholders
    • Work with information technology department to design and implement tests and exercises for the BCP execution annually
  5. Other duties as assigned

Required Experience, Education, Skills

  1. Bachelor's degree in risk management or related field or equivalent experience
  2. At least one year of experience working in the insurance industry
  3. Strong analytical and data skills including Excel and risk management software
  4. Strong written and verbal communication skills
  5. Attention to detail and organization
  6. A team player with ability to problem-solve and partner with others to effect solutions

Preferred Experience, Education, Skills

  1. Chartered Property and Casualty Underwriter designation
  2. ARM or other industry risk designations 
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Salary.com Estimation for Enterprise Risk Specialist in Schaumburg, IL
$194,628 to $306,753
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