Manager, Risk

Work Location Type:Hybrid

About Grainger

W.W. Grainger, Inc., is a leading broad line distributor with operations primarily in North America, Japan and the United Kingdom. At Grainger, We Keep the World Working by serving more than 4.5 million customers worldwide with products and solutions delivered through innovative technology and deep customer relationships. Known for its commitment to service and award-winning culture, the Company had 2024 revenue of $17.2 billion across its two business models. In the High-Touch Solutions segment, Grainger offers approximately 2 million maintenances, repair and operating (MRO) products and services, including technical support and inventory management. In the Endless Assortment segment,Zoro.comoffers customers access to more than 14 million products, andMonotaRO.comoffers more than 24 million products. For more information, visitwww.grainger.com.

Compensation

The anticipated base pay compensation range for this position is$101,300.00 to$168,900.00.

Rewards and Benefits

With benefits starting on day one, our programs provide choice and flexibility to meet team members' individual needs, including:

• Medical, dental, vision, and life insurance plans with coverage starting on day one of employment and 6 free sessions each year with a licensed therapist to support your emotional wellbeing.
• 18 paid time off (PTO) days annually for full-time employees (accrual prorated based on employment start date) and 6 company holidays per year.
• 6% company contribution to a 401(k) Retirement Savings Plan each pay period, no employee contribution required.
• Employee discounts, tuition reimbursement, student loan refinancing and free access to financial counseling, education, and tools.
• Maternity support programs, nursing benefits, and up to 14 weeks paid leave for birth parents and up to 4 weeks paid leave for non-birth parents.

For additional information and details regarding Grainger's benefits, please click on the link below:

https://experience100.ehr.com/grainger/Home/Tools-Resources/Key-Resources/New-Hire

The pay range provided above is not a guarantee of compensation. The range reflects the potential base pay for this role at the time of this posting based on the job grade for this position. Individual base pay compensation will depend, in part, on factors such as geographic work location and relevant experience and skills.

The anticipated compensation range described above is subject to change and the compensation ultimately paid may be higher or lower than the range described above.

Grainger reserves the right to amend, modify, or terminate its compensation and benefit programs in its sole discretion at any time, consistent with applicable law.

Position Details
Reporting to the Director, Risk Management the Manager of Risk will work to establish and maintain an understanding of the Grainger business and develop partnerships with business leadership and others to ensure a cooperative focus on the identification and management of risk exposures throughout the organization. You will work in conjunction with the Director and Sr. Director of Risk, to determine and recommend the most cost effective methods of handling Company risk through insured or self-insured means. You will manage and develop the day-to-day activities of the Sr. Risk Analyst and/or Financial Development Program participant.

You Will
Risk Identification and Mitigation
* Identify, develop, recommend, and implement appropriate strategies, policies, procedures, and systems to control and minimize risk Company wide.
* Evaluate the effectiveness of existing risk management practices, control systems, policies, processes and procedures from both corporate and field perspectives.
* Create strategic assessments of the probability and magnitude of potential losses.
* Partner with all aspects of management to include financial, operational, human resources and field leadership to evaluate existing risk management practices and develop creative and cost-effective new risk reduction and management approaches (including effective cost of risk allocation system and procedures) to reduce overall cost of risk.
* Assist in providing formal training to corporate and field teams on relevant risk management issues and proactively ensure an on-going understanding of the cost of risk and application of appropriate risk management practices.
* Establish and maintain an excellent understanding of Company businesses and develop partnerships with business leadership and others to ensure a cooperative focus on the identification and management of the risk exposures throughout the organization.
* Maintain knowledge of current and emerging risk management best practices.

Insurance Procurement
* Provide support to oversee and manage the administration of all non-benefit related insurance programs inclusive of, but not limited to, property, casualty, and management liability.
* Organize and evaluate overall corporate exposures, approve broker submissions, and review and recommend proposals presented for insurance programs.
* Prepare insurance specifications to market insurance programs and consult with insurance brokers to negotiate optimal insurance coverage and the various risk transfer options for the Company, monitor and optimize the Company's insurance coverage through comprehensive analyses of historical claim data to determine the appropriate risk financing techniques.
* Negotiate the terms and conditions of insurance coverage ensuring that the Company has proper, adequate, and reasonably priced coverage for its assets and insurable exposures.

Contractual Risk Transfer
* Evaluate and negotiate insurance terms and conditions in contracts and leases to identify risk exposures, recommend risk mitigation steps, and modify insurance terms and conditions consistent with the Company's risk transfer philosophy and insurance programs.

Risk Financing
* Determine insurable risks and appropriate risk transfer techniques, retentions, and limits of coverage.
* Review, analyze, and evaluate various actuarial analyses of the Company's historical loss data to recommend the future loss forecast and appropriate insurance reserves for accounting purposes.
* Analyze, calculate, and allocate the Company's insurance and claims expenses annually among the business units.

You Have

* Undergraduate degree required. Degree in risk management or an advanced degree preferred.

* 5+ years of progressively responsible insurance and risk management experience, including risk identification, assessment, mitigation, and financing.

* Preference will be shown to those candidates possessing the ARM, CRM, CPCU, or other Risk Management professional designations.

* In depth knowledge of insurance program design, implementation, and administration.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex (including pregnancy), national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or expression, protected veteran status or any other protected characteristic under federal, state, or local law. We are proud to be an equal opportunity workplace.

We are committed to fostering an inclusive, accessible work environment that includes both providing reasonable accommodations to individuals with disabilities during the application and hiring process as well as throughout the course of one's employment, should you need a reasonable accommodation during the application and selection process, including, but not limited to use of our website, any part of the application, interview or hiring process, please advise us so that we can provide appropriate assistance.
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