Position Summary
Responsible for developing, implementing, and managing the organization's commercial insurance and casualty risk programs across manufacturing operations.
This role minimizes financial loss, ensures adequate insurance protection, manages claims, oversees broker and carrier relationships, and supports enterprise risk management initiatives.
The position works closely with Environmental Health & Safety (EHS), Operations, Legal, Human Resources, and Finance teams to identify, assess, and mitigate risks affecting employees, facilities, products, and business operations.
Insurance Program Management
Design, negotiate, and administer commercial insurance programs, including:
Coordinate annual insurance renewals and underwriting submissions.
Analyze insurance coverage and identify gaps or opportunities for cost reductions.
Manage insurance certificates and compliance requirements for customers, vendors, and contractors.
Develop insurance strategies aligned with organizational risk tolerance and business objectives.
Casualty Claims Management
Oversee all casualty claims including general liability, and product liability claims.
Partner with third-party administrators (TPAs), insurance carriers, defense counsel, and brokers to achieve favorable claim outcomes.
Review claim reserves, settlement strategies, and litigation exposure.
Monitor claim trends and identify corrective actions to reduce future losses.
Ensure timely claim reporting and regulatory compliance.
Risk Assessment & Mitigation
Conduct risk assessments of manufacturing plants, warehouses, distribution centers, and corporate facilities.
Collaborate with EHS and Operations leadership to identify loss prevention opportunities.
Support implementation of safety initiatives designed to reduce injury frequency and severity.
Analyze operational risks associated with equipment, product quality, transportation, contractors, and supply chain activities.
Develop risk mitigation recommendations based on data analytics and loss experience.
Loss Prevention & Safety Partnership
Partner with EHS leadership to improve workplace safety performance.
Track key risk indicators including:
Total Recordable Incident Rate (TRIR)
Lost Time Incident Rate (LTIR)
OSHA metrics
Workers' Compensation costs
Liability claims frequency
Recommend engineering and administrative controls to reduce loss exposure.
Participate in facility audits and corrective action planning.
Financial & Analytical Responsibilities
Develop annual insurance budgets and forecast insurance-related expenses.
Analyze total cost of risk (TCOR) metrics and loss trends.
Monitor premium allocations, deductibles, self-insured retentions, and collateral requirements.
Prepare reports for executive leadership regarding risk exposures and insurance program performance.
Support actuarial studies and reserve evaluations.
Vendor & Broker Management
Manage relationships with insurance brokers, carriers, TPAs, loss-control consultants, and legal counsel.
Evaluate service provider performance and negotiate service agreements.
Lead insurance marketing and renewal strategies to achieve optimal coverage and pricing.
Regulatory & Compliance
Ensure compliance with federal, state, and local insurance regulations.
Maintain documentation supporting insurance placements, claims, and risk management practices.
Support audits, regulatory inquiries, and litigation matters.
Monitor emerging risks and changing regulatory requirements affecting manufacturing operations.
Qualifications:
Bachelor's degree in Risk Management, Finance, Business Administration, Insurance, Occupational Safety, or related field.
Master's degree preferred.
7+ years of progressive risk management, insurance, claims, or casualty management experience.
3+ years supporting manufacturing, industrial, distribution, or supply chain environments.
Experience managing large deductible, self-insured, or captive insurance programs.
Experience working directly with brokers and insurance carriers.
Strong analytical and financial modeling skills
Claims investigation and settlement negotiation
Data analysis and trend identification
Strategic problem-solving
Budget management
Vendor and broker relationship management
Presentation and executive communication skills
Product Manufacturing Industry Experience Required
Complex General Liability Experience
Certifications Preferred
ARM (Associate in Risk Management)
CRM (Certified Risk Manager)
CPCU (Chartered Property Casualty Underwriter)
AIC (Associate in Claims)
RIMS-CRMP (Risk Management Professional)
Technical Knowledge
Casualty insurance principles
Liability claims management
Contract review and risk transfer
Insurance policy interpretation
Manufacturing operations and safety practices
OSHA regulations and industrial risk controls
Risk financing alternatives
Leadership Competencies
Influencing without authority
Cross-functional collaboration
Strategic thinking
Decision-making under pressure
Continuous improvement mindset
Strong business acumen
Key Performance Indicators (KPIs)
Reduction in Total Cost of Risk (TCOR)
Workers' Compensation claim frequency and severity
General liability claim closure rates
Insurance premium savings and cost containment
Loss ratio improvements
OSHA incident reduction
Successful insurance program renewals
Claim reserve accuracy
Audit and regulatory compliance metrics
Benefits:
Healthcare Insurance: Synectics offers eligible employees and their dependents healthcare coverage through BlueCross BlueShield of Illinois. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. Premiums are subsidized by Synectics.
Dental Insurance: Synectics offers eligible employees and their dependents a dental plan through MetLife. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.
Vision Insurance: Synectics offers eligible employees vision insurance through VSP. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.
401(k) Plan: The Synectics Inc. Investment Savings Retirement Plan. Synectics offers all employees who are 21 years of age or older the opportunity to invest in the 401(k) Plan on the first of the month following at least 1 calendar year after employment begins.
Synectics is an equal opportunity employer.
Company Description
Synectics is a leading staffing and workforce solutions company dedicated to connecting exceptional talent with top organizations. We specialize in IT, engineering, finance, healthcare, and professional services recruitment, offering both contract and permanent staffing solutions. With a people-first approach, we focus on understanding the unique needs of our clients and candidates to create long-term, successful matches. Our mission is to empower businesses with the right talent while helping professionals achieve rewarding career opportunities