Insurance Risk Analyst Jobs in Michigan (NOW HIRING)

Work Flexibility: Remote or Hybrid or Onsite

The Senior Director, Risk Management and Insurance is responsible for leading the organization's global property and casualty (P&C) insurance strategy, property risk engineering and loss prevention activities, and captive insurance company operations. This role oversees all major P&C lines of coverage - including property, casualty, D&O, and Cyber - while driving a proactive, enterprise-wide approach to risk identification, mitigation, and financing.

The Senior Director partners closely with Finance, Legal, Operations, IT, and HR to protect the company's assets, balance sheet, leadership, and reputation. This leader will optimize total cost of risk, enhance operational resilience, and ensure alignment between risk financing strategy and the company's broader financial and strategic objectives.

Key Responsibilities:

Enterprise Insurance Strategy & Risk Financing

• Develop and execute a comprehensive global P&C insurance strategy across all coverage lines.
• Design multi-year risk financing strategies leveraging deductibles, self-insured retentions, layered programs, parametric solutions, and alternative risk transfer structures.
• Lead annual P&C insurance renewal strategy and negotiations with brokers and carriers to optimize coverage, structure, and cost.
• Benchmark programs against peer organizations and evolving market conditions.
• Align insurance strategy with company risk appetite and capital allocation priorities.

Captive Insurance Company Oversight

• Provide executive oversight of the company's captive insurance entity including governance, capitalization, and utilization strategy.
• Evaluate opportunities to expand captive participation across additional coverage lines, potentially including employee benefit coverages in partnership with the Benefits team.
• Oversee captive financial performance, potential reinsurance placements, and regulatory compliance.

Property & Operational Risk Management

• Provide executive oversight for global property risk engineering and loss prevention activities conducted by in-house risk engineers and vendor partners.
• Manage business interruption and contingent business interruption risk assessment.
• Oversee property risk engineering and loss prevention standards and guidelines for new facilities, expansions, and acquisitions.
• Oversee team's partnership with Operations and Facilities to reduce frequency and severity of losses.

Claims & Loss Management

• Provide executive oversight of significant or complex claims across all P&C coverage lines, including coordinating with other functions as appropriate.
• Ensure compliance with internal and external governance and reporting requirements and processes for high-severity losses.
• Support cross-functional root cause analysis and corrective action planning, as appropriate.

Risk Analytics, Reporting & Governance

• Develop enterprise-level risk analytics and exposure modeling capabilities.
• Oversee the maintenance of comprehensive insurance and exposure databases.
• Provide executive and Board-level reporting on risk exposure, insurance market trends, and program performance.
• Support M&A due diligence and integration of acquired entities into insurance and captive programs.

Leadership & Stakeholder Engagement

• Lead and develop a high-performing insurance and risk management team.
• Build strong relationships with brokers, insurers, reinsurers, actuaries, and advisors.
• Foster a culture of risk awareness and accountability across the organization.
• Serve as a trusted advisor to senior leadership during crisis events and major incidents.

Qualifications

• Bachelor's degree in Risk Management, Finance, Business, Engineering, or related field (MBA preferred).
• 15+ years of progressive experience in a corporate insurance and risk management environment (and/or similar experience in insurance brokerage or insurance company operations), including multi-line program oversight.
• Experience managing or overseeing a captive insurance company strongly preferred.
• Deep expertise in property, casualty, executive liability, and cyber insurance structures.
• Strong financial acumen, including understanding of balance sheet risk, reserves, and capital allocation.
• Experience supporting global operations and complex risk profiles.
• Professional certifications such as CPCU, ARM, RIMS-CRMP, or ACI preferred.

Key Competencies

• Strategic risk financing expertise
• Executive presence and Board communication capability
• Strong negotiation skills and market credibility
• Analytical and data-driven decision-making
• Cross-functional leadership and influence
• Crisis management and resilience leadership

United States of America Pay Ranges:

• USN: $179,100 - $298,500 USD Annual
• US5: $188,100 - $313,400 USD Annual
• US10: $197,000 - $328,400 USD Annual
• US15: $206,000 - $343,300 USD Annual
• US20: $214,900 - $358,200 USD Annual
• US30: $232,800 - $388,100 USD Annual

View the U.S. work location and transparency guide to find the pay range for your location.

Travel Percentage: 20%Stryker Corporation is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to race, ethnicity, color, religion, sex, gender identity, sexual orientation, national origin, disability, or protected veteran status. Stryker is an EO employer - M/F/Veteran/Disability.Stryker Corporation will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information.