AVP - Enterprise Risk Management

- The AVP, ERM will play a critical role in integrating enterprise risk management activities throughout the organization. Responsibilities include the continual maturation of ERM framework by executing risk-based initiatives across the organization, supporting risk-intelligent decision making. Key Accountabilities: Lead and manage a team as the second line of defense to the organization Collaborate with different departments and different levels of management to develop risk tolerances /limits, indicators, etc. to aid in the identification, assessment, and reporting of significant risks Develop and maintain risk policies; assist Divisions with the development of risk policies and evaluate for fit for purpose. Review policies at least annually or as needed Review/revise Key Risk Indicators at least annually or as needed to reflect the current risk profile Be the Risk advisor to rapidly growing Divisions such as Program business and other Divisions Integrate new Divisions into the organization by providing ERM training and delivering on the work plan Guide/conduct risk assessments, ensure appropriate risk mitigation plans exist where needed and provide meaningful feedback to the organization Oversee the drafting of ORSA, risk registers/dashboards, and other risk reports to ensure effective reporting for the Enterprise Risk Committee and Board Risk Committee Develop training materials and provide training to risk owners and other members of the organization as needed on the ERM framework and approach Ensure effective alignment between ERM processes and Internal Audit activities to promote an integrated risk management approach Serve as a key contact for risk owners Technical Knowledge: Experience in embedding risk management practices within an organization Must have a strong working knowledge of ERM framework and its components Knowledge of Property & Casualty insurance Industry products, processes, analytics, and trends Skilled at project management and execution of final deliverables within specified time frames Collaboration skills that emphasize strong understanding of Relationship Management Proficient with Microsoft suite of products (Word, Excel, PowerPoint), Power BI Familiarity with GRC and risk analytical tools would be a plus Experience: Bachelor’s degree: Risk management and Insurance, Strategy, Finance, or related field MBA, CPCU, and/or other advanced insurance designation preferred 7 years of combined insurance industry, enterprise risk management, and internal audit experience Experience in managing varied priorities concurrently while meeting deadlines and service expectations Accuracy and attention to detail are critical Possess excellent leadership, interpersonal, written, and verbal communication skills Excellent oral, written, and presentation skills and ability to work effectively at all levels of an organization - At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program Core Specialty offers a diversified range of property and casualty insurance products for small to mid-sized businesses. From underwriting offices spanning the U.S., the Company focuses on niche markets, local distribution, and superior underwriting knowledge, offering traditional as well as innovative insurance solutions to meet the needs of its customers and brokers. Core Specialty is an insurance holding company operating through StarStone Specialty Insurance Company, a U.S. excess and surplus lines insurer, and StarStone National Insurance Company, a U.S. admitted markets insurer. The Company is rated A- (Excellent) by AM Best. For further information about Core Specialty, please visit www.corespecialtyinsurance.com. In compliance with the Transparency in Coverage rule, issued in 2020 by US Departments of Health, Human Services, Labor and Treasury our health plan’s machine-readable files (MRFs) can be accessed via www.Cigna.com.