At Stellantis (formerly Fiat Chrysler Automobiles) we want to empower you to bring your best. That’s why we strive to create an environment where our core values of Innovation, Leadership, Passion, Cooperation, and Responsibility can thrive. At Stellantis you’ll work in a dynamic, fast-paced environment with people who exemplify the entrepreneurial spirit and work together as a team to continually think bigger and bolder.

As the Manager, North American Risk Management, you will have full responsibility for all insurance, loss prevention, claim, and captive insurance operations in Canada, Mexico, and the United States. Your audience and stakeholders will range from: senior executives, state insurance regulators, auditors, and C-suite leaders at our external business partners.

NA Risk Management protects the assets and operating income of Stellantis through the identification, quantification, analysis, treatment, and controlling of risk. The Risk Management leader designs and implements risk transfer programs, alternative risk mechanisms, and loss prevention programs. They have ultimate responsibility for negotiating with insurers, high value claim management, and advising senior executives on risk and insurance matters. Success in the position will come from the optimization of risks through collaborative relationships with insurance brokers, third party administrators, actuaries, and other consultants. Establishing and maintaining professional, long-term relationships with senior leaders at major insurance companies is critical to success.

This individual will also serve as the president of FCA US Insurance Company (“Captive”). You have ultimate responsibility for a $2B captive insurance company domiciled in Michigan. The cross-functional team you will lead includes attorneys, risk managers, accountants, and finance leaders. The president reports directly to the Captive’s Board of Directors and takes the lead in setting strategy, establishing operating procedures and protocols, and ensuring that the company meets its stated objectives while maintaining full regulatory compliance. You will set the tone at the top of the Captive insurance organization.

The manager’s principal responsibilities include but are not limited to:

• Design the Captive insurance business plan by identifying risks that are appropriate to insure in the Captive
• Review proposed Captive programs with your cross-functional team (Tax, Finance, Legal, Captive Management) to develop and create the appropriate terms and conditions for the insurance contract
• Weave the risk needs and the Captive’s financial position into a comprehensive Plan of Operations; present the draft Plan of Operations to the Captive’s Board of Directors for approval
• The Captive President is entrusted with managing the entire regulatory relationship with the Michigan Department of Insurance and Financial Services (DIFS); you will present the Plan of
  Operations directly to the DIFS Head of Captive Regulation and obtain approval prior to implementation; you will personally brief DIFS on any changes to the Plan of Operations and the Captive’s overall short- and long-term strategy
• The Captive President manages all financial aspects of the company; you are responsible for the financial statements, managing a $1.65B inter-company loan, and ensuring that the Captive has sufficient cash at the right times to meet its obligations; you will also develop and maintain an ongoing dividend plan that seeks to maintain the right balance of assets in the Captive and releases cash as prudent with approval from the Board of Directors and DIFS
• You are the Captive’s Chief Claims Officer; your team will develop and process a quarterly claim reconciliation between the Captive and its insureds; exercise reasoned and proper judgments as to whether claims are covered or not
• Negotiate and conclude engagements with all the Captive’s external consultants including Captive Managers, Actuaries, and other advisors as needed
• Coordinate and provide oversight through membership on the Corporate Business Continuity Steering Committee; contribute thought leadership and provide operational guidance to a team of Business Continuity professionals as they grow the function from a regional one to one that is global in scope
• Engage closely with Business Development on all merger and acquisition activities; participate in the due diligence process; identify risks along with opportunities in new ventures; opine on the relative strengths or weaknesses in other insurance programs; construct and negotiate insurance terms and conditions in agreements with third parties
• Work closely with Corporate Real Estate to understand the existing property footprint and the Company’s strategy moving forward; provide timely and accurate insurance information to our Real Estate and Legal teams; negotiate insurance terms and conditions directly with landlords and other third parties as necessary
• Engage directly with business units across the North American region to understand their operations and risks to the organization; develop state of the art responses to emerging risks; mitigation strategies could take the form of risk finance, alternative risk transfer mechanisms or all the above
• Design and develop a best-in-class regional risk financing program; negotiate directly with senior leadership at partner insurance carriers; analyze terms and conditions of proposed insurance contracts and bind insurance policies within your authority level; prepare binding requests for senior leaders within the organization, up to and including the Chief Financial Officer, for those programs exceeding your authority
• You are an expert in claim management and settlement negotiations with insurance carriers; partner with the Legal department, forensic accounting firms, outside defense counsel, and other subject matter experts on claim and/or litigation strategy; negotiate settlements directly with insurance carriers directly as required
• Direct the work of Auto and General Liability third party administrators in the United States and Canada; provide settlement authority as appropriate and guidance to claim managers and defense counsel in conjunction with the Legal department; actively participate in monthly discussions to identify and resolve potential high value claims
• Engage and manage the work of Property/Casualty and Employee Benefits insurance brokers throughout the North American region; identify the Stellantis business need and negotiate appropriate contracts to engage third party service providers; monitor performance and take corrective action as needed
• Serve as a subject matter expert and advisor to Stellantis Insurance, the organization responsible for the sale of insurance products to our customers; provide guidance on service provider engagement, internal networking with the appropriate Stellantis business units, and
  product development; structure and build insurance company entities to finance risk or partner with third party insurers as needed
• Participate in local and regional risk management conferences and organizations to grow your subject matter expertise; build relationships with local and regional insurance brokerages, third party administrators, actuarial firms, law firms and others; manage these relationships on behalf of Stellantis
• Lead a team of management level and individual contributors in the North American Risk Management function; provide performance feedback, guidance and help build development plans; serve as coach and mentor to each member of a high performing team; conduct training and take an active role in establishing annual objectives
• Represent Stellantis Risk Management in formal training sessions and topics