This position provides guidance and recommendations and executes variety of risk management related activities including insurance programs, surety programs/operations, claims management, brokerage management, coordinating and maintaining extensive internal and external relationships, and other duties as assigned.. Manage a large multi-national surety program of more than $1B in capacity which requires the candidate to have, or be willing to obtain, a commercial insurance broker’s license.. Manage external partnerships including brokers, insurers, consultants, surety companies, etcetera. Monitor and respond to inquiries from sites and internal departments related to insurance and surety. Experience can include: Corporate Risk Management, Commercial Insurance Broker, Multiline Insurance Underwriter, etc.

director risk management

Location: Providence, RI, US, 02903
Requisition ID: 14996
IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.
Responsibilities
IGT's Treasury team is seeking a self-motivated individual to join our fast-paced global team. As Director of Risk Management, you will play an important role and will have an opportunity for future career growth. This position will be based in Providence, RI and have a global reach, collaborating with a host of diverse constituencies around the globe. This position provides guidance and recommendations and executes variety of risk management related activities including insurance programs, surety programs/operations, claims management, brokerage management, coordinating and maintaining extensive internal and external relationships, and other duties as assigned.


Primary Activities and Responsibilities:
Prepare and manage an annual insurance budget greater than $20M
Prepare, analyze, and manage insurance claim accruals greater than $5M
Manage monthly forecasting process & communications with Treasury and Accounting leadership
Provide oversight of P&C claims administration that is being provided by insurers and TPA’s
Manage a large multi-national surety program of more than $1B in capacity which requires the candidate to have, or be willing to obtain, a commercial insurance broker’s license.
Support M&A and Business Development activity including frequent RFPs for our international; Lottery business
Manage external partnerships including brokers, insurers, consultants, surety companies, etcetera
Provide support for internal expense reviews and monthly financial close
Manage all insurance renewal cycles (multiple times in the year)
Monitor and respond to inquiries from sites and internal departments related to insurance and surety
Liaise with internal departments (e.g. FP&A, Accounting, Legal, Tax, International Sites, IT, Business Proposals, Account Development Managers, etc.)

Qualifications
Education: Bachelor’s degree in business administration, finance or related area required
Minimum of 7 years’ experience managing large multi-national insurance related programs. Experience can include: Corporate Risk Management, Commercial Insurance Broker, Multiline Insurance Underwriter, etc.
Experience managing a large surety program is a plus
Comfortable working in a fast-paced environment and the ability to multi-task as necessary
Excellent written and verbal communication skills, and the ability to effectively interact with senior management and individuals with varying degrees of insurance/surety knowledge
Proficiency with Excel, Word, Power Point and Access
Motivated self-starter with a logical, practical, and creative mindset
Strong analytical and research skills
Strong team player; willingness to listen and act on feedback
Attention, to detail and strong organizational skills, are a must
Insurance Brokers License: Required and/or Ability to Acquire
Other Duties as Assigned: This description is a summary of principal responsibilities and is not intended to include all duties which may be assigned.

Keys to Success
Building collaborative relationships
Decision making
Drive results
Foster innovation
Personal energy
Self-leadership
#LI-KM1
#LI-HYBRID
IGT is committed to sustaining a workforce that reflects the diversity of the global customers and communities we serve, creating a fair and inclusive culture that enables all our employees to feel valued, respected and engaged. IGT is an equal opportunity employer. We provide equal opportunities without regard to sex, race, color, religion, age, national origin or ancestry, disability, veteran status, sexual orientation, genetic information, gender identity or expression, and any other personal attributes protected by federal, state, or other laws. We thank all applicants for applying; however, only those selected to interview will be contacted.


At IGT, we consider a wide range of factors in determining compensation, including background, skills, experience, and work location. These factors can cause your compensation to vary. The estimated starting compensation range is $123,100 - $240,500. The actual pay offered may end up being higher or lower. The Company will comply with all local pay requirements and collective bargaining agreements, where applicable.


Base pay is only one part of our Total Rewards program. Sales roles may be eligible for commission payments, while other roles are eligible for discretionary bonuses . In addition, we offer employees a 401(k) Savings Plan with Company contributions, health, dental, and vision insurance, life, accident, and disability insurance, tuition reimbursement, paid time off, wellness programs, and identity theft insurance. Note: programs are subject to eligibility requirements.


IGT (NYSE: IGT) is the global leader in gaming. For more information, please visit www.igt.com.

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