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

Join CF Industries as the Director of Risk Management in Northbrook, IL, and take a pivotal role in our mission to provide clean energy to feed and fuel the world sustainably. This isn't just about risk management; it's about being part of a team that values every member's unique experiences and insights. In this dynamic position, you'll develop and administer risk management programs that safeguard our assets economically while aligning with our broader objectives. Your expertise will shine as you negotiate insurance policies, manage broker relationships, and lead claims administration. Whether it's coordinating loss prevention activities or driving corporate risk assessment processes, your decisions will have a direct impact on our operations and costs. We're looking for someone with a strong background in risk management, ideally with over 10 years of experience in complex property/casualty claims, and a relevant degree. You will lead a dedicated team and work closely with all levels of management, promoting a culture of accountability and compliance. At CF Industries, we prioritize your professional growth and work-life balance, offering a comprehensive benefits package and flexible work arrangements. By joining us, you’ll contribute to crucial endeavors that transcend traditional corporate responsibilities and help foster a sustainable future for all.

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

As the Director of Risk Management at CF Industries, you'll be tasked with developing, implementing, and maintaining comprehensive insurance programs that protect company assets effectively. You will manage relationships with brokers and underwriters, supervise claims handling across different areas, and take the lead in annual corporate risk assessments to identify and mitigate potential risks.

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

To excel as the Director of Risk Management at CF Industries, candidates should hold a BS/BA in related fields such as Engineering, Finance, or Risk Management, with advanced degrees or professional accreditations like ARM or CPCU preferred. Additionally, a minimum of 10 years of professional experience in property/casualty claims and risk policy administration is essential to successfully perform in this role.

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How does the Director, Risk Management impact CF Industries' operations and costs?

The Director of Risk Management plays a critical role in safeguarding the financial health of CF Industries by effectively managing risk policies and claims. Your decisions can influence annual premiums, which exceed $40 million, and optimize the departmental budget of $2 million, ultimately contributing to the company's cost-effectiveness and operational sustainability.

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What is the team structure for the Director, Risk Management at CF Industries?

In the role of Director of Risk Management at CF Industries, you will lead a team of three risk professionals. You will report directly to the VP of Treasury and Investor Relations, and you will work collaboratively with various management levels across the company to ensure risk strategies align with corporate objectives.

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What kind of workplace culture can the Director, Risk Management expect at CF Industries?

CF Industries fosters an inclusive and engaging workplace culture. As the Director of Risk Management, you'll be part of a team that values authenticity, encourages open communication, and supports personal and professional growth. The company is committed to its values and promotes a collaborative environment where everyone's insights are respected.

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Common Interview Questions for Director, Risk Management
Can you describe your experience with risk assessment in previous roles?

When discussing your experience with risk assessment, emphasize specific projects or initiatives you've led or contributed to. Be sure to include methodologies you used for risk identification and mitigation. Highlight the outcomes of these assessments and how they positively impacted your organization.

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How do you handle relationships with insurance brokers and underwriters?

When responding to this question, illustrate your collaborative approach to managing relationships with insurance brokers and underwriters. Discuss how you maintain open communication, negotiate terms, and ensure that the services provided align with the company's risk management objectives.

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What strategies do you use to keep up with changing regulations in risk management?

In your answer, share specific strategies such as attending industry conferences, participating in professional groups, or subscribing to relevant publications. Explain how staying informed about regulations has helped you make informed decisions in your previous roles.

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What role does data analysis play in your risk management strategies?

Emphasize the importance of data analysis in your risk management strategies. Discuss tools and techniques you use to analyze risk data, how you interpret that data to make decisions, and provide examples of how this analysis has led to effective risk mitigation in your experience.

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Can you provide an example of a successful risk mitigation project you've implemented?

Use the STAR method (Situation, Task, Action, Result) to structure your answer. Offer a clear example of a risk mitigation project where your involvement resulted in measurable outcomes—be it reduced incidents, cost savings, or improved compliance.

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What techniques do you use for effective communication with senior management about risk management?

Discuss techniques such as creating clear, concise reports that focus on key metrics, using visual data presentations, and framing discussions around how risk impacts business objectives. Highlight instances where you effectively communicated risk issues to senior management and the positive results that followed.

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How do you ensure compliance with internal controls in risk management processes?

In your response, explain how you assess existing processes for compliance, implement training for team members, and regularly audit risk management practices. Share experiences where you identified and corrected deficiencies to improve compliance.

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How do you approach vendor management in relation to risk management strategies?

Describe your approach to establishing standards for vendor management that align with risk management objectives. Include how you evaluate vendor risk profiles, manage contracts, and monitor performance to mitigate potential risks.

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How do you balance risk and opportunity in decision-making?

Discuss your analytical process in weighing potential risks against business opportunities. Illustrate your decision-making with examples of how you've successfully navigated this balance to enhance organizational performance.

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What is your understanding of current trends in risk management?

Talk about current trends such as digital transformation, data analytics, and regulatory changes in risk management. Share your insights on how these trends can impact organizations and your strategies to adapt them effectively in your work.

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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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