Associate Director of Risk Management & Insurance Strategy …, Uttar Pradesh

Job Title: Associate Director (Risk Management & Insurance Strategy) Job Location: Noida Job Type: Full time Job Description: We are seeking a strategic and high-impact Associate Director of Risk Management & Insurance Strategy to lead our enterprise risk portfolio. Reporting directly to the CFO, this individual will transition our insurance function from a tactical administrative process to a strategic value-driver. The Associate Director will not only oversee the day-to-day execution of renewals and compliance but will also act as a senior advisor on risk appetite, cost mitigation, and long-term insurance architecture. The ideal candidate will possess the technical rigour to manage complex US P&C; programs and the strategic vision to forecast risk trends within the staffing industry, ensuring our insurance program evolves ahead of our business expansion. Requirements: Education: Bachelor’s/Master’s degree in Finance, Risk Management, or Law. MBA preferred. Experience: 10 years of progressive experience in Corporate Risk Management or Commercial Insurance, with significant experience supporting US-based entities. Technical Knowledge: Deep understanding of US P&C; insurance markets, NCCI classifications, and “Claims-Made” vs. “Occurrence” policy forms. Certifications: Professional designations such as ARM (Associate in Risk Management) or CPCU (Chartered Property Casualty Underwriter) are highly desirable but optional. Analytical Power: Expert-level data modelling skills to forecast loss trends and premium impacts. Leadership: Proven ability to influence executive stakeholders and manage cross-functional teams (HR, Legal, Finance) without direct authority. Strategic Leadership Responsibilities: Total Cost of Risk (TCOR) Management: Develop and own the TCOR framework. Analyze premiums, retained losses (deductibles), and administrative costs to provide senior leadership with a comprehensive view of risk-related spend. Risk Appetite & Retention Strategy: Evaluate and recommend optimal risk retention levels. Lead the feasibility analysis for alternative risk transfer mechanisms, such as high-deductible programs or captive insurance models. Predictive Risk Advisory: Partner with the Executive and Sales teams to perform “Pre-Entry Risk Assessments” for new business lines or geographic expansions, identifying potential coverage gaps before they impact the balance sheet. Loss Control & Mitigation: Lead the “Safety & Loss Control” strategy. Implement proactive injury prevention and “Return-to-Work” programs to aggressively drive down the Experience Modifier (E-Mod) and long-term Workers’ Comp costs. Advanced Contractual Negotiation: Go beyond basic COI compliance to consult on complex indemnification, “Limit of Liability,” and “Hold Harmless” clauses in Master Service Agreements (MSAs). Review, analyse, and document contracts to ensure strict insurance and risk compliance. Industry Intelligence: Proactively stay abreast of the latest developments in the insurance industry, emerging risks, and regulatory changes to ensure the company’s program remains best-in-class. Tactical & Operational Excellence: End-to-End Renewal Ownership: Project-manage the annual renewal lifecycle for all lines (GL, E&O;/Cyber, D&O;, Workers’ Comp, and Umbrella), ensuring 100% on-time submission. Data Governance & WC Classification: Act as the central hub for the Finance, HR, and Data teams. Meticulously ensure all employees are correctly classified for Workers' Compensation purposes and that payroll audits and exposure data are 100% accurate. Broker Accountability: Manage relationships with US-based brokers, auditing their performance and ensuring aggressive market competition for renewals. Claims Management & Monitoring: Provide oversight on high-value or escalated claims. Responsibilities include reporting and monitoring all liability claims and workplace incidents (Workers' Comp, General and Professional Liability, Employment Practices, etc.) and working with legal counsel to ensure favourable resolutions. Internal Training & Audit Readiness: Create and maintain “Insurance Playbooks” to educate the Business and Operations teams. Maintain comprehensive records to ensure constant audit readiness for insurance and regulatory reviews. Apply on Kit Job: kitjob.in/job/4n9lue