Insurance Risk Manager Jobs in Carmel, IN (NOW HIRING)

We are looking for a talented Global Retirement Financial Risk Management Director - Treasury to join our Global Corporate Treasury team specializing in financial oversight, risk management, governance, and strategic monitoring of our global retirement and benefit plans.  The preferred location for this position is Indiana.

The Global Retirement Financial Risk Management Director - Treasury is responsible for the strategic oversight, governance, funding, investment management, and regulatory compliance of Cummins' global benefit plans. This Director partners closely with our internal Human Resources, Accounting and Legal departments while working with external advisors to ensure benefit plans are appropriately funded, investment risks are managed, regulatory obligations are met, and the plan assets are well positioned to fund our long-term liabilities.

The Director serves as the primary steward of benefit plan financial risks, including investment, interest rate, inflation, longevity, liquidity, and regulatory risks, while supporting global benefit plan sustainability and cost effectiveness.

This highly specialized Treasury leadership role manages the financial risks around our global defined benefit, defined contribution, health & welfare and non-qualified plans ensuring alignment between benefit obligations, investment strategy, funding requirements, and enterprise financial risk management. Additionally, the Director oversees the investment strategies of our Insurance Captive and our Cummins Foundation. 

The Director provides leadership over pension asset management, including but not limited to asset manager selection, funding strategies, and benefit plan financial asset liability studies. The Director also collaborates with other internal Treasury functions to assess and manage relevant foreign exchange risks and capital structure related implications from funding decisions. 

In this role, you will make an impact in the following ways: 

• Pension Investment Management & Treasury Expertise Extensive experience managing pension assets, selecting and overseeing investment managers, evaluating investment performance, and developing funding strategies for defined benefit and defined contribution plans. Strong understanding of pension accounting, asset-liability management, market risks, and Treasury operations related to benefit plan funding.

• Regulatory Compliance & Governance Leadership Deep knowledge of pension and benefit regulations, including ERISA and global compliance frameworks, with the ability to ensure adherence to financial, legal, statutory, and funding requirements. Proven experience managing governance processes, investment policies, fiduciary responsibilities, and benefit-related risk mitigation strategies.

• Cross-Functional Leadership & Operational Excellence Demonstrated ability to partner effectively with HR Compensation & Benefits, Legal, Finance, external actuaries, investment consultants, recordkeepers, and third-party administrators to evaluate the financial impact of plan design decisions, drive operational rigor, enhance reporting processes, and lead high-performing teams in a complex global environment.

Education

• College, university, or equivalent degree in Accounting, Actuarial Sciences, Finance, or related subject required.

• Chartered Financial Analyst or Certified Treasury Professional preferred.

• Deep expertise in treasury, pension investment oversight, and financial risk management, including funding strategies, asset-liability management, and risk mitigation.

Compensation 

Please note that the salary range provided is a good faith estimate on the applicable range. The final salary offer will be determined after considering relevant factors, including a candidate's qualifications and experience, where appropriate.

To be successful in this role you will need the following: 

• Serve as a trusted advisor on benefits, pension, and financial risk matters, balancing fiduciary responsibilities, regulatory requirements, employee experience, and business objectives while influencing senior leaders and key stakeholders.
• Lead the organization's pension, investment, and financial risk strategies, evaluating market conditions, funding approaches, investment performance, and risk mitigation opportunities to protect the balance sheet and support long-term financial objectives.
• Provide governance and oversight of benefit plans, investment programs, vendors, and external partners, ensuring compliance, service excellence, effective risk management, and high-quality member experience.
• Maintain deep expertise in pension, tax, accounting, and investment regulations, translating complex requirements, market developments, and industry trends into actionable business insights and recommendations.
• Build strong partnerships across Finance, HR, Treasury, Legal, Tax, consultants, and external providers, leveraging influence, collaboration, and executive presence to drive alignment and results in complex and ambiguous environments.
• Develop and lead high-performing global teams, fostering an inclusive culture, strengthening organizational capability, building succession pipelines, coaching leaders, and driving performance through collaboration, accountability, and talent development.