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Director, Risk Management

At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. Our employees are focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management. By joining CF, you will be part of a team that brings their varied experiences, wide-ranging knowledge and diverse talents together to deliver important work and you'll be able to pursue complex, exciting opportunities that help you continue to grow and achieve your potential in different areas. You'll take pride in working for a company that lives its values and where you can be yourself at work, as part of an authentic team that encourages you to share your views and opinions. Our eight manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world's transition to clean energy.Function:Finance & AccountingJob Summary:The Director, Risk Management develops, recommends and administers a risk management program that will effectively protect Company assets at the most economical rates and is keeping with in the objectives established by the Company.Job Description:Major Responsibilities:• Develops, implements, administers and maintains the Company's insurance programs including the negotiation of premiums; deductibles/retentions; and terms and conditions• Manages insurance broker and underwriter relationships and serves as primary day-to-day point of contact with service providers• Supervises third party claims administrator in handling all Auto and General Liability claims; provides authority to adjusters; directs funding for claims payments for all claims including payments for Workers' Compensation claims• Coordinates loss prevention activities at operating facilities• Leads the annual Corporate Risk Assessment process to compile senior leadership's risk identification, scoring and mitigation plans• Provides risk management and insurance expertise to operations and staff departments throughout the Company• Determines contractual insurance requirements and supervises required periodic reporting• Reviews allocation and analysis of insurance charges among operating units and departments• Prepares data and provides analysis for insurance program submissions, audits and internal studiesSupervisory Relationships:• Position Reports To: VP, Treasury and Investor Relations• Subordinate Positions: Risk Analyst, Sr. Risk AnalystIncumbent Attributes:• BS/BA in a related field (Engineering, Finance or Risk Management preferred)• Advanced degree and professional accreditations (Associate in Risk Management - ARM, Chartered Property and Casualty Underwriter - CPCU, etc) desirable• At least 10 years of professional experience in complex property/casualty claims and policy administration, or commensurate experience in a related field• Must be able to interact effectively with management at both corporate and operating unit levelsPosition Scope/Contribution:The Director, Risk Management will be responsible for annual premiums in excess of $40,000,000 a team of 3 risk professionals, and a department budget of $2 million.. The incumbent's management of risk and claims can have a direct impact on the Company operations and costs. This position deals with all levels of management within the Company and serves as the Company's representative and intermediary to the risk management and insurance industry (.e.g. brokers, insurers, legal counsel). The role establishes and implements processes and procedures to meet departmental internal controls requirements while ensuring that established processes/procedures are followed as designed. Works with Internal Audit Department to identify deficiencies in existing processes/procedures, the need for new ones, and the extent to which such processes/procedures are being followed. The Director, Risk Management develops and implements corrective actions with regard to department internal controls as necessary.What We Offer:You'll enjoy competitive compensation, consisting of base pay plus an incentive program available to all full-time employees, and a comprehensive benefits package including high-quality healthcare options, a well-being incentive program, 401k, life and disability insurance, generous time off (with time off to volunteer) and much more! Additionally, we offer several Flexible Work Arrangements to support a healthy work-life balance.You will be part of a team that brings their varied experiences, wide-ranging knowledge and diverse talents together to deliver important work, and you'll be able to pursue complex, exciting opportunities that help you continue to grow and achieve your potential in different areas. You'll take pride in working for a company that lives its values and gain a sense of fulfillment knowing that you're working with purpose, to provide clean energy to feed and fuel the world sustainably.• CF Industries is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected Veteran status.• Employees in the US can learn more about their rights by viewing the federal"EEO is the Law" poster (PDF) and others as detailed below:Pay Transparencyhttps://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp_%20English_formattedESQA508c.pdfFMLA:https://www.dol.gov/whd/regs/compliance/posters/fmlaen.pdfEmployee Polygraph Protection Acthttps://www.dol.gov/whd/regs/compliance/posters/eppac.pdf• Employees in Canada can learn more about their rights by viewing theIf you need any assistance seeking a job opportunity at CF Industries, or if you need reasonable accommodation with the application process, please call 847-405-2400 or contact us at.JOIN OUR TALENT NETWORKEqual Opportunity Employer of Minorities, Females, Protected Veterans, and Individuals with Disabilities
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CEO of CF Industries
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W. Anthony Will
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$120000K
$160000K

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What You Should Know About Director, Risk Management, CF Industries

At CF Industries, we're excited to announce an opening for the Director of Risk Management in Northbrook, IL! This pivotal role involves the development and administration of a comprehensive risk management program that safeguards our company assets while aligning with our long-term objectives. As the Director of Risk Management, you will oversee our insurance programs, negotiate terms, and manage relationships with brokers and underwriters. Your expertise will be crucial in supervising our claims administrator and coordinating loss prevention efforts at our various facilities. A key part of your job will also be leading our Corporate Risk Assessment process, providing valuable insights to senior leadership on risk identification and mitigation plans. We believe in fostering an environment where your skills are utilized to their fullest potential, so you’ll be engaged in strategic decision-making that impacts our operations. You’ll work in close collaboration with diverse teams, gaining unique insights into our operations while ensuring our risk management practices remain robust and responsive. If you have a passion for driving risk management strategies and want to make a tangible impact in the clean energy sector, this role could be your ideal fit. Join us at CF Industries, where you can contribute to our mission of providing clean energy solutions and enjoy a supportive corporate culture that values growth and diversity!

Frequently Asked Questions (FAQs) for Director, Risk Management Role at CF Industries
What responsibilities does the Director of Risk Management at CF Industries have?

The Director of Risk Management at CF Industries is responsible for developing, implementing, and managing the company's risk management program. This includes overseeing insurance programs, negotiating premiums, managing broker relationships, and supervising claims handling. The role also involves conducting annual risk assessments and providing insights to senior leadership on risk mitigation strategies.

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What qualifications are required for the Director, Risk Management position at CF Industries?

Candidates for the Director, Risk Management position at CF Industries should have a BS/BA in a related field such as Engineering, Finance or Risk Management. An advanced degree and professional credentials like ARM or CPCU are desirable. Additionally, a minimum of 10 years of relevant professional experience in complex property/casualty claims and policy administration is essential.

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What is the expected budget and team size for the Director of Risk Management at CF Industries?

The Director of Risk Management at CF Industries will oversee a budget of approximately $2 million and manage a team of three risk professionals. This role is crucial for ensuring effective risk management practices that directly impact the company's operations and costs.

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How does CF Industries support work-life balance for the Director of Risk Management role?

CF Industries promotes a healthy work-life balance by offering various Flexible Work Arrangements for their employees. This ensures that the Director of Risk Management can manage professional responsibilities while also prioritizing personal well-being.

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What impact does the Director of Risk Management have at CF Industries?

The Director of Risk Management plays a significant role at CF Industries as their management of risk and claims has a direct effect on the company’s operations and overall costs. The position serves as a vital link between the company and the risk management and insurance industry, influencing how risks are handled across the organization.

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Common Interview Questions for Director, Risk Management
Can you describe your experience with risk management strategies?

When answering, discuss specific risk management strategies you've implemented, focusing on how they were tailored to organizational needs. Highlight successful outcomes and any metrics that demonstrate the effectiveness of these strategies.

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How do you approach negotiations with insurance brokers and underwriters?

Explain your negotiation style, emphasizing communication and research. Discuss how you prepare for negotiations and provide an example of a successful negotiation that resulted in favorable terms for your previous employer.

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What is your experience with claims administration?

Describe your role in claims administration, highlighting any processes you've improved. Share examples of how you've handled complex claims and the outcomes that were achieved through your involvement.

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How do you prioritize risk management initiatives?

Discuss your method for assessing risks and prioritizing initiatives. Explain how you collaborate with different teams to align risk management priorities with broader organizational goals.

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What steps do you take to ensure compliance with risk management policies?

Emphasize the importance of regular training and audits. Describe how you ensure that all employees understand the policies and procedures and how you address non-compliance when it's identified.

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Can you give an example of a corporate risk assessment process you have led?

Provide details about a specific risk assessment you conducted, including the methodologies used, stakeholders involved, and how the findings impacted decision-making in your organization.

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How do you manage relationships with third-party claims administrators?

Discuss your approach to maintaining strong relationships, emphasis on clear communication, setting expectations, and how you ensure accountability throughout the claims process.

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What is your strategy for loss prevention?

Outline your proactive approach to loss prevention, including regular assessments, safety training, and collaboration with operational teams to implement effective strategies that minimize risks.

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How will you contribute to CF Industries' mission as Director of Risk Management?

Connect your skills and experiences to CF Industries' mission of providing clean energy. Articulate how effective risk management can support sustainable practices and contribute to the company's overall mission.

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How do you stay updated on industry trends related to risk management?

Describe your methods for continuing education, such as attending industry conferences, participating in webinars, following relevant publications, and engaging with professional organizations to stay informed about current trends and best practices.

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Medical Insurance
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CF Industries, a global leader in nitrogen fertilizer manufacturing and distribution, owns and operates world-scale nitrogen complexes and serves agricultural and industrial customers through its best-in-class distribution system. In 2005, an Ini...

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Full-time, on-site
DATE POSTED
March 20, 2025

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