Rich's, also known as Rich Products Corporation, is a family-owned food company dedicated to inspiring possibilities. From cakes and icings to pizza, appetizers and specialty toppings, our products are used in homes, restaurants and bakeries around the world. Beyond great food, our customers also gain insights to help them stay competitive, no matter their size. Our portfolio includes creative solutions geared at helping food industry professionals compete in foodservice, retail, in-store bakery, deli, and prepared foods, among others. Working in 100 locations globally, with annual sales exceeding $4billion, Rich's is a global leader with a focus on everything that family makes possible. Rich's-Infinite Possibilities. One Family.

Purpose Statement

The Corporate Insurance Manager is responsible for developing, implementing, and managing the company's insurance programs, ensuring compliance with regulatory requirements, and mitigating insurance-related risks.

This position is responsible for securing new policies, maintaining and updating existing company insurance programs in order to provide the most favorable coverage, cost, terms, and claim settlements for all types of insurance other than those connected with employee benefits. They will coordinate all insurance related issues with broker as needed, manage relationships with insurance brokers & insurance carriers, identify exposures & recommend solutions to mitigate risks, and prepare loss metrics.

Rich Family Personal Insurance - Responsible for securing new policies, maintaining and updating existing personal insurance programs in order to provide the most favorable coverage, cost, terms and claim settlements for all types of insurance.

Key Accountabilities and Outcomes

Insurance Program Management:

• Develop and implement comprehensive insurance programs to protect the company's assets and operations.
• Conduct regular reviews of insurance policies and coverage to ensure they remain adequate and competitive.
• Negotiate and manage relationships with insurance brokers and carriers to secure optimal coverage and pricing.
• Monitor industry trends and regulatory changes to stay informed and adapt insurance programs accordingly.

Risk Management:

• Identify, assess, and manage insurance-related risks across the organization.
• Develop and implement risk management strategies and procedures to mitigate potential losses.Collaborate with other departments to identify and address potential risks.
• Collaborate with other departments to identify and address potential risks

Claims Management:

• Oversee the claims management process, ensuring timely and efficient handling of claims. Work closely with legal on contract language for contractual risk transfer
• Work with insurance carriers and adjusters to resolve claims effectively.
• Monitor claims data to identify trends and areas for improvement.

Compliance:

• Ensure compliance with all applicable insurance regulations and legal requirements.
• Maintain accurate records of insurance policies and claims.
• Manage Certificate of insurance process
• Conduct regular audits to ensure compliance with internal and external policies.

Leadership:

• Supervise Sr. Claims administrator to coordinate and support Corporate Workers Compensation (Current and Historical) and other line claims.
• Develop and implement training programs to enhance skills and knowledge.
• Conduct performance evaluations and provide feedback.

Financial Management:

• Develop and manage the insurance budget. Prepare allocations for plants and global markets
• Manage the issuance & renewal of Letter of Credits and Insurance Bonds
• Monitor insurance costs and identify opportunities for cost savings.
• Prepare and present insurance reports to management.
• Work with Treasurer & EVP/CFO on ERM initiative
• Assist with acquisition / divestiture due diligence and integration process for insurance & risk management
• Occasional backup for daily cash process.
• Coordinate Rich Family personal insurance

Knowledge, Skills, and Experience

• BS in Business, Finance, Risk Management or a related field
• 5 -7 Years of broad insurance experience
• Knowledge and experience in Workers' Comp
• Broker experience
• Strong knowledge of insurance policies, regulations, and industry best practices.
• Excellent communication, negotiation, and interpersonal skills.
• Strong analytical and problem-solving skills.
• Proficient in Microsoft Office Suite and other relevant software.
• Preferred but not required: Relevant certifications, e.g., CPCU, ARM
• Able to work on cross-functional teams and interact across all departments
• Ability to work independently without constant oversight.
• Ability to prioritize and deal with conflicting workload requirements

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COMPENSATION

In accordance with state law, the rate or range provided is Rich Products Corporation, its subsidiaries and affiliates ("Rich's"), reasonable estimate of the base compensation for this role. The actual amount may be higher or lower, based on non-discriminatory factors such as experience, knowledge, skills, abilities, shift differential, and location.

Annual Range/Hourly Rate

$105,930.14-$158,895.21

Rich Products Corporation, its subsidiaries and affiliates ("Rich's"), are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, gender identity, sexual orientation, marital status or any other legally recognized protected basis under federal, state, or local law. The information collected by this application is solely to determine suitability for employment, verify identity, and maintain employment statistics on applicants.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on Rich's. Please contact Rich's Human Resources department at hrhelp@rich.com if you need assistance completing this application or to otherwise participate in the application process.