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Director Insurance & Risk Management Jobs in Toronto, ON

Director, Risk Management

Toronto, ON ยท Hybrid

CA$140K - CA$260K/yr

As a member of the leadership team you will spend your time helping manage the risk for the service line. This will involve assisting with strategic initiatives for the Risk Team to help drive for ...

You will lead on the cost management services including estimating, procurement and cost planning ... Accountable for the risk management performance of all service delivery for their assigned Hub(s)

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Director Insurance Risk Management information

See Toronto, ON salary details

$25.3K

$90.7K

$167K

How much do director insurance & risk management jobs pay per year?

As of Aug 3, 2026, the average yearly pay for director insurance & risk management in Toronto, ON is $90,749.00, according to ZipRecruiter salary data. Most workers in this role earn between $57,260.00 and $121,201.00 per year, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Director Insurance & Risk Management position, and why are they important?

To thrive as a Director Insurance & Risk Management, you need expertise in risk assessment, insurance portfolio management, and financial analysis, typically supported by a degree in finance, business, or related fields. Familiarity with risk management information systems (RMIS), claims management software, and professional certifications such as CPCU or ARM is highly advantageous. Strong leadership, negotiation skills, and the ability to communicate complex concepts to non-experts help you stand out in this position. These skills are vital to effectively identify, mitigate, and manage organizational risks while safeguarding company assets and ensuring regulatory compliance.

What is a Director Insurance & Risk Management job?

A Director of Insurance & Risk Management is responsible for overseeing an organization's insurance programs and risk management strategies. They assess potential risks, develop policies to mitigate them, and ensure compliance with regulations. Their role includes negotiating insurance coverage, managing claims, and advising executives on financial and operational risks. This position requires strong analytical skills, industry knowledge, and the ability to implement risk-reduction strategies effectively.

What are the typical challenges faced by a Director Insurance & Risk Management, and how can you address them?

Directors of Insurance & Risk Management often face challenges such as balancing cost control with adequate insurance coverage, staying updated on evolving regulations, and managing claims efficiently. Addressing these challenges requires proactive risk assessment, close collaboration with internal stakeholders, and building strong relationships with brokers and insurance carriers. Successful professionals in this role remain adaptable to shifting business landscapes and continuously seek out innovative risk mitigation strategies. Utilizing data-driven insights and effective communication within cross-functional teams can also help overcome common hurdles in the role.

What job categories do people searching Director Insurance & Risk Management jobs in Toronto, ON look for? The top searched job categories for Director Insurance & Risk Management jobs in Toronto, ON are:
What cities near Toronto, ON are hiring for Director Insurance & Risk Management jobs? Cities near Toronto, ON with the most Director Insurance & Risk Management job openings:
Infographic showing various Director Insurance & Risk Management job openings in Toronto, ON as of July 2026, with employment types broken down into 1% As Needed, 84% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 92% Physical, 3% Hybrid, and 5% Remote job distribution, with an average salary of $90,749 per year, or $43.6 per hour.

Specialist, Insurance & Risk Management

City of Mississauga

Mississauga, ON โ€ข On-site

Other

Posted 18 days ago


Job description

Req ID:ย 28404
Vacancy Type: Permanentย 
Number of Positions:ย 1ย ย 
Closing Date:ย 07/31/2026

Job Summary

Reporting to the Manager, Insurance & Risk Management and specializing in the field of risk management and insurance, this position will coordinate insurance coverage for all City of Mississauga assets and liabilities, limit liability through effective risk management, and develop and implement risk management policies and procedures. This position includes risk identification and mitigation strategies, risk financing, claims, contract negotiation and drafting, insurance policy management, risk presentations and education, and working collaboratively with City departments, external vendors and the public, to protect and manage the City's interests.


Our hybrid work model will allow you to work remotely, except as required to attend our offices at 300 City Centre Drive, Mississauga, L5B 3C1 for in person meetings to satisfy business needs and as required.

Duties and Responsibilities

Risk Management Services

  • Review and provide advice in the negotiation and drafting of contracts, leases, procurement documents and other agreements to analyze the scope of the work or arrangement and the relationship between the parties to provide risk financing recommendations
  • Provide advice to management and staff on risk management issues and trends, and maintain an awareness of legislative changes, court decision and other concerns which may impact municipal operations and associated risks
  • Identify and evaluate actual and potential risk exposures and recommend corrective action to staff at all levels, including senior management
  • Develop, coordinate, and present various Risk Management and Loss Control seminars/training programs to other divisions; promote progressive risk management objectives, principles, and techniques throughout the City
  • Research, develop, and implement appropriate risk management policies and procedures, guidelines, training materials, and related documents, and assist in implementing strategies to identify, prevent, mitigate, measure and finance all exposures to loss
  • Communicate, develop and enforce Risk Management policies and procedures. Assist in drafting and preparation of outgoing correspondence, Business Cases and Corporate Reports
  • Review and provide comments on Corporate Policies drafted by client departments, with a focus on effective risk management language
  • Represent the Risk Management Section in Special and LEAN Projects throughout the Corporation, providing risk oversight to the various projects
  • Work with Coordinator, Insurance Claims to prepare financial reporting relating to claim expenses incurred, as well as all statistical claim reporting
  • Assist in the analysis of insurance and claims financial reporting to City's Insurance Broker and internally to LT

Insurance Program

  • Manage the City's corporate insurance policy coverage and renewals, including, valuation, appraisals, and oversight of various special insurance programs
  • Liaise with City's insurance broker to coordinate risk control projects and activities, while maintaining these activities within the annual risk control budget allocated to our insurance broker
  • Liaise with all departments to determine required insurance coverage; advise insurance brokers/providers of additions, deletions, or other changes in a timely manner
  • Primarily responsible for managing and administering the City's Affiliate Group Insurance and Facility User Insurance programs, liaising with various internal and external stakeholders to ensure program efficiency, compliance and optimization
  • Oversee the development, implementation and administration of the section's certificate of insurance tracking and approval process, providing leadership in its application and exercising sound technical knowledge and tact in approving certificates and resolving challenges

Business Support

  • Assist and support the Manager and the section in the development and updating of the section's policies, procedures and budget
  • Manage procurement processes and assist in drafting procurement documents to obtain software and third-party vendors, including insurance brokers, claims adjusting firms and other professional services, as required by Risk Management Section, acting as Contract Manager
  • Assist the Coordinator, Insurance Claims with the administration of the Risk Management Information System (RMIS) and other IT related systems used in the support of the Litigation, Risk & Employment Section
  • Perform other duties as assigned
Skills and Qualifications
  • Post secondary education, either university or college in relevant field of study
  • Industry certifications such as a Chartered Insurance Professional (CIP) designation, and a Canadian Risk Management Designation or a RIMS-Certified Risk Management Professional (RIMS-CRMP) designation required
  • 7+ years risk, insurance and/or claims experience, preferably in a municipal or public sector environment
  • A sound understanding of insurance law and municipal insurance policies along with a good understanding of Acts such as the Highway Traffic Act, Municipal Act, Occupier's Liability Act,
  • Insurance Act and Ontario Automobile Legislation, and MFIPPA
  • Excellent analytical, problem solving, and interpersonal, oral and written communication skills
  • Ability to work independently, as well as collaboratively, in a collegial team environment
  • Effective time management skills, including the ability to balance competing priorities and work within tight deadlines
  • Proficient in the use of Microsoft Word, Excel, PowerPoint and Outlook

Hourly Rate/Salary: $ 91,701.00 - $ 122,268.00
Hours of Work: 35
Work Location: Civic Centre
Hybrid Workplace (For full-time permanent and temporary positions)
Department/Division/Section: LEG/Legislative Services Dept , LEG/Legal Services , Litigation, Labour & Employment
Non-Union/Union: Non Union

The City of Mississauga may use artificial intelligence (AI) technology in sourcing and/or screening candidates for some positions; however, it is not used in selecting final candidates.ย 
We thank all who apply, however, only those candidates selected for an interview will be contacted. You can also check your application status in your candidate profile online.
All personal information is collected under the authority of the Municipal Act.
Equity, Diversity and Inclusion
The City of Mississauga is committed to creating a respectful and supportive workplace that fosters a culture of equity, diversity and inclusion which broadly reflects the communities and residents we serve. Throughout the employee life cycle, the City is working to include an EDI lens to attract, retain and support the growth of diverse talent.
Learn more about the City's commitment to Equity, Diversity and Inclusion.
Accommodations
The City of Mississauga is an Equal Opportunity Employer and is committed to removing barriers in our selection process for people with visible and invisible disabilities. In accordance with the Accessibility for Ontarians with Disabilities Act, 2005 and the Ontario Human Rights Code, the City of Mississauga will provide accommodations throughout the recruitment, selection and/or assessment process to applicants with disabilities.
If selected to participate in the recruitment, selection and/or assessment process, please complete the following Accommodation Request Form and have it emailed to recruitment.accommodation@mississauga.ca citing the Job ID and Job Title. This will inform Human Resources of the nature of any accommodation(s) that you may require in respect of any materials or processes used to ensure your equal participation.