Contract Insurance Risk Engineer Jobs in Evanston, IL

Insurance Risk Manager

Location: Southfield, MI or Skokie, IL(Hybrid)

DRiV, Tenneco's Aftermarket business group, is a global leader with top-three market share positions across most of our product categories.

As a premier "House of Brands," DRiV represents more than 30 of the world's most trusted aftermarket names, including Monroe, MOOG, Wagner, Walker, FelPro, Champion, Ferodo, Payen, and others, many with more than 100 years of heritage.

Our scaled and differentiated capabilities allow regional business lines to serve customers with precision while leveraging global manufacturing, engineering, and distribution strength. Approximately 75% of our revenue is positioned as a #1 brand within its product category.

Across shocks & struts, steering & suspension, braking, sealing, engine, emissions, and ignition systems, DRiV delivers quality, performance, and value that customers rely on worldwide.

At DRiV, we win through execution, innovation, and the power of our brands.

Position Summary

We are seeking an experienced Insurance Risk Manager to join DRiV's Global Treasury organization. Reporting to the Treasurer, this position will lead the Company's global insurance risk management programs while partnering with business leaders to identify, assess, mitigate, and monitor strategic, operational, financial, and insurable risks.

The successful candidate will oversee global insurance programs, broker relationships, claims management, and risk governance. This role will collaborate closely with Treasury, Legal, Finance, Tax, Human Resources, Environmental Health & Safety (EHS), Operations, Internal Audit, and external insurance brokers to protect the Company's assets and support its strategic objectives.

As DRiV establishes itself as an independent company, this position will play a critical role in designing scalable risk management processes, strengthening governance, and supporting acquisitions, treasury initiatives, and business transformation.

Key Responsibilities

Insurance Program Management

• Lead the Company's global property, casualty, liability, cyber, directors & officers (D&O), cargo, environmental, and other commercial insurance programs.
• Coordinate annual insurance renewals, policy placement, and coverage negotiations with brokers and insurance carriers.

• Evaluate insurance program design, policy limits, deductibles, and alternative risk financing solutions to optimize protection and cost.

• Monitor global insurance costs and recommend optimization opportunities.
• Review contracts and insurance requirements to ensure appropriate risk transfer provisions.
• Maintain strong relationships with insurance brokers, carriers, consultants, and third-party administrators.

Claims Management and Loss Control

• Oversee the administration and resolution of property, casualty, workers' compensation, liability, and other insured claims.
• Coordinate claim investigations with Legal, Human Resources, Operations, and EHS.
• Monitor claim reserves, settlement strategies, and litigation support.

• Develop and implement loss prevention programs to reduce frequency and severity of claims.

• Maintain claims documentation and management reporting.

Treasury & Financial Risk Support

• Partner with Treasury on financial risk management initiatives, including counterparty credit risk, banking risk assessments, and treasury operational risk.
• Support Treasury governance initiatives related to internal controls, policy compliance, and regulatory requirements.
• Participate in business continuity planning and operational resilience initiatives

• Participate in treasury transformation and process improvement initiatives.

Business Continuity & Crisis Management

• Support enterprise business continuity planning.
• Coordinate insurance and risk support during major operational events.
• Assist with disaster recovery planning and crisis response activities.
• Develop post-event reviews and lessons learned.

Mergers, Acquisitions & Strategic Projects

• Lead insurance and risk due diligence for acquisitions, divestitures, and restructuring activities.
• Evaluate target company insurance programs and identify potential liabilities and coverage gaps.
• Coordinate insurance integration activities following acquisitions.

• Assess risk profiles and recommend mitigation strategies for strategic transactions.

• Support Treasury and Finance during complex business transformation initiatives.

Governance, Compliance and Cross-Functional Leadership

• Ensure compliance with insurance regulations, corporate governance requirements, and international risk standards.
• Maintain insurance documentation, certificates of insurance, and policy records.
• Coordinate internal and external audits related to insurance and risk management.
• Develop and maintain risk management policies, procedures, and governance frameworks.

• Serve as the primary liaison between Treasury and cross functional teams including Legal, Finance, EHS, Procurement. Internal Audit, and Operations.
• Provide risk management guidance to business units and regional finance organizations.

Education

• Bachelor's degree in Risk Management, Finance, Business Administration, Accounting, or related field.
• CPCU, ARM, CRM, CTP, CPA, or equivalent professional designation preferred.

Qualifications

• 8+ years of progressive experience in corporate risk management, insurance, treasury, or finance.
• Strong knowledge of commercial insurance programs, policy language, and claims management.
• Experience leading Enterprise Risk Management (ERM) programs.
• Experience managing insurance brokers and third-party administrators.
• Knowledge of multinational insurance programs and global risk financing strategies.
• Strong analytical and financial skills with ability to evaluate complex risk scenarios.
• Excellent project management, communication, and stakeholder relationship abilities.
• Ability to influence senior leadership and work effectively across multiple business functions.
• Proficiency with risk management software and enterprise systems.

Preferred Experience

• Professional certifications such as CPCU, ARM, CRM, CTP, or CPA.
• Experience with insurance renewals and broker negotiations.
• Captive insurance or alternative risk financing solutions experience.
• Treasury operational risk and financial controls expertise.
• Mergers & acquisitions due diligence and risk integration experience.
• Business continuity planning and crisis management expertise.
• Claims analytics and loss trend reporting capabilities.
• Experience in a multinational manufacturing or industrial environment.

Compensation: The base pay for this position generally ranges between $110,000 - $145,000. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.

Why Join DRiV?

This is a unique opportunity to help build DRiV's global risk management function during a transformational period as we establish an independent company. As Insurance & Enterprise Risk Manager, you will play a critical role in protecting the Company's people, assets, operations, and financial strength while helping shape our long-term risk management strategy.

This role goes beyond traditional insurance administration. You will partner with senior leaders across Treasury, Finance, Legal, Operations, Human Resources, and EHS to develop enterprise-wide risk solutions that support business growth and operational resilience.

If you're looking for an opportunity to make a meaningful impact while building a modern enterprise risk management function, DRiV offers the chance to shape the future of risk management in a dynamic global organization.