Vice President Risk Management Jobs in Elgin, IL

Artex is a global leader in the alternative risk space and the 3rd largest Insurance Manager in the world, with 1,000 employees across the globe and 5000 clients. Our employees work together to conceive, design, and manage alternative risk transfer solutions that help our clients manage today’s challenges and tomorrow’s opportunities.

The Senior Vice President (SVP), Benefits will lead the development and execution of the Benefits group captive strategy, driving growth, operational excellence, and client satisfaction across the benefits portfolio. This role will focus on strategic initiatives, including client servicing, operational improvements, technology investments, and cross-functional collaboration. The SVP will work closely with the Artex North America sales team to define and implement a clear growth strategy, prioritize initiatives, and align efforts across teams.

The SVP will identify cross-selling opportunities within the Artex NA P&C portfolio and the broader Gallagher organization, with a focus on relationship management within Gallagher Benefit Services (GBS). This leader will actively engage with brokers, carriers, vendors, and potential captive owners to expand market presence and capitalize on competitive opportunities. Additionally, the SVP will explore merger and acquisition opportunities to maximize revenue streams and enhance the benefits value proposition.

Strategic Leadership

• Develop and execute the Benefits group captive strategy to drive growth and operational excellence.
• Identify and capitalize on cross-selling opportunities within Artex NA and Gallagher Benefit Services.
• Lead the development and growth of new benefits and ancillary products.
• Pursue merger and acquisition opportunities to expand the benefits portfolio.

Client Engagement

• Serve as the executive lead on captive accounts, ensuring exceptional client service and retention.
• Provide strategic guidance to client service teams to meet client needs and exceed expectations.
• Enhance client relationships through stewardship efforts and value-driven solutions.

Operational Excellence

• Oversee the Benefits P&L, ensuring financial performance and margin improvement.
• Manage relationships with stop-loss carriers, consultants, and vendor partners.
• Lead captive renewal strategies, including negotiation and retention efforts.
• Coordinate benefits population health risk management initiatives.

Team Leadership:

• Build, mentor, and retain top talent within the Benefits team.
• Foster a culture of collaboration, innovation, and accountability.
• Provide mentorship and guidance to team members to support professional growth.

Required:

• Bachelor's degree
• Minimum of 7 years of Health & Benefits or related experience
• Significant Medical Stop Loss, Self-Funding, or Benefits Consulting industry experience and insurance designations are required
• Technical stop loss and captive sales experience
• Proven experience in benefits strategy, captive management, or related fields.
• Strong track record of driving revenue growth and operational improvements.
• Expertise in client relationship management and cross-functional collaboration.
• Demonstrated ability to lead and inspire high-performing teams.
• Knowledge of insurance regulations
• Understanding of plan design and terminology
• Thorough knowledge of MS Office Tools (Excel, PowerPoint)
• Willingness to travel to meet the needs of the business, estimated 25%

Preferred:

• Medical Stop Loss Captive experience desirable.
• Experience with mergers and acquisitions is a plus.

We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. 

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave

Other benefits include:

• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more...

**The benefits summary above applies to fulltime positions. If you are not applying for a fulltime position, details about benefits will be provided during the selection process.

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

Required:

• Bachelor's degree
• Minimum of 7 years of Health & Benefits or related experience
• Significant Medical Stop Loss, Self-Funding, or Benefits Consulting industry experience and insurance designations are required
• Technical stop loss and captive sales experience
• Proven experience in benefits strategy, captive management, or related fields.
• Strong track record of driving revenue growth and operational improvements.
• Expertise in client relationship management and cross-functional collaboration.
• Demonstrated ability to lead and inspire high-performing teams.
• Knowledge of insurance regulations
• Understanding of plan design and terminology
• Thorough knowledge of MS Office Tools (Excel, PowerPoint)
• Willingness to travel to meet the needs of the business, estimated 25%

Preferred:

• Medical Stop Loss Captive experience desirable.
• Experience with mergers and acquisitions is a plus.