Enterprise Risk Manager – ORM 1

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The Risk Manager leads daily operations of RSMs enterprise insurance program including oversight of captive insurance activities and enterprise insurance program management. The role serves as the primary day-to-day advisor to internal stakeholders on insurance risk financing/optimization and claims topics; coordinates external partners (brokers insurers reinsurers captive managers actuaries auditors TPAs banks/investment advisors); and ensures regulatory financial and operational excellence across the program.

Key Responsibilities

Captive and Enterprise Insurance Operations and Governance

• Manage day-to-day captive and commercial insurance operations: policy issuance/endorsements program administration premium billing/allocations and board preparation (agendas minutes performance packs).
• Maintain regulatory compliance with domicile requirements (annual statements audited financials actuarial opinions change-of-business-plan filings; board meeting cadence and documentation).
• Coordinate financial reporting & audits: management accounts statutory accounts capital/surplus monitoring liquidity planning and investment oversight in line with domicile rules.
• Manage actuarial coordination: reserving methodology (including IBNR) premium/pricing reviews and capital adequacy analyses; ensure timely SAO preparation by appointed actuary.
• Align corporate governance practices and ERM linkage consistent with insurance governance frameworks (board oversight of underwriting reinsurance investment risk).
• Support ORSA/ERM coordination (where applicable) to align captive strategy and risk appetite with enterprise solvency assessments.

External Vendor Management

• Partner with brokers to benchmark coverage negotiate terms and place fronting and reinsurance structures behind the captive.
• Manage fronting carriers and reinsurers: contracts/treaties counterparty due diligence and collateral arrangements to support credit for reinsurance and fronting obligations.
• Oversee captive manager scope and performance (accounting regulatory treasury policy admin claims coordination).
• Orchestrate auditors actuaries bankers/investment advisors: audit timelines actuarial deliverables LOC/trust administration and investment eligibility.

Program Strategy Renewals and Analytics

• Lead renewal strategy: exposure data gathering application completeness and scenario analyses (retention attachment points diversification effects) to optimize total cost of risk.
• Assess lines appropriate for captive retention and evaluate feasibility/expansion opportunities (including cell structures as relevant).
• Track industry trends and domicile developments to inform program evolution and governance enhancements.

Collateral Credit and Treasury

• Structure collateral solutions (LOCs trust accounts) for fronting and reinsurance credit; monitor amounts evergreen provisions and release mechanics as program years mature.
• Optimize capital & liquidity between parent and captive (cash investments dividend planning) while meeting solvency and regulatory requirements.

Claims Oversight and Loss Control

• Establish claims governance: monitor claim reserves/trends challenge large-loss strategies and ensure timely reporting and disposition; coordinate TPAs and defense counsel as needed.
• Translate claims insights into actionable loss prevention and operational improvement initiatives.
• Stakeholder Communication and Executive Advising
• Serve as trusted advisor to senior leaders and business units on insurance and risk financing decisions; prepare executive briefings and board materials with clear data-driven recommendations.
• Present complex captive and insurance topics in concise decision-ready formats.

Additional Competencies

• Strategic Thinking and Decision-Making: Anticipate market/captive trends; translate analytics into capital-efficient structures.
• Leadership and Team Development: Lead cross-functional squads and mentor analysts; set clear expectations and drive outcomes.
• Stakeholder Engagement and Negotiation: Influence brokers carriers insurers and regulators toward optimal terms and compliance.
• Change Management and Innovation: Champion alternative structures and technology-enabled process improvements.
• Analytical and Critical Thinking: Apply actuarial/financial insights to reserving and capital; interpret scenario modeling outputs.
• Communication and Presentation: Convert complex topics into executive-ready briefs and board packs.
• Business Acumen: Align program strategy with operational and financial objectives; optimize cost of risk.
• Ethical Judgment and Integrity: Uphold governance standards; ensure transparent reporting and audit readiness.
• Project Management: Deliver renewals audits filings and collateral milestones on time and within budget.

Qualifications
Required

• Bachelors degree in risk management finance accounting economics or related field.
• 58 years in risk/insurance management captive operations or complex account management.
• Demonstrated captive exposure (policy admin reserving coordination audit readiness domicile filings).
• Vendor management experience with brokers captive managers TPAs actuaries auditors fronting carriers reinsurers and banking/trust partners.
• Proficiency in project management and analytics for renewal and capital optimization decisions.
• Strong communication and executive-level presentation skills.

Preferred

• Professional designations: CPA CFA ARM CPCU ARe (or equivalent).
• Experience participating in industry events and networking to track emerging captive and risk financing / optimization trends

At RSM we offer a competitive benefits and compensation package for all our offer flexibility in your schedule empowering you to balance lifes demands while also maintaining your ability to serve more about our total rewards at

RSM does not tolerate discrimination and/or harassment based on race; colour; creed; sincerely held religious beliefs practices or observances; sex (including pregnancy or disabilities related to nursing); gender (including gender identity and/or gender expression); sexual orientation; HIV Status; national origin; ancestry; familial or marital status; age; physical or mental disability; citizenship; political affiliation; medical condition (including family and medical leave); domestic violence victim status; past current or prospective service in the Indian Armed Forces; Indian Armed Forces Veterans and Indian Armed Forces Personnel status; pre-disposing genetic characteristics or any other characteristic protected under applicable provincial employment legislation.

Accommodation for applicants with disabilities is available upon request in connection with the recruitment process and/or employment/ is committed to providing equal opportunity and reasonable accommodation for people with disabilities. If you require a reasonable accommodation to complete an application interview or otherwise participate in the recruiting process please send us an email at .