Insurance Risk Manager

Riot Games
Finance & Strategy Full Time

Tue Nov 28 2023

Los Angeles, California, United States

Riot Games

Riot Games

Rioters wanted: we’re looking for humble, but ambitious, razor-sharp pros who take play seriously.


Riot Games values risk management as essential to achieving the strategic goals of the Company. Riot’s financial risk is managed by the Riot Treasury Team and is coordinated globally across all Pillars of the Company.  Riot’s Treasury Team engages a variety of risk mitigation techniques to effectively manage Riot’s exposure, including the procurement of global insurance policies. The Treasury Team also provides oversight for insurance claims and loss mitigation practices, as well as strategic guidance on operational risk.

The Insurance Risk Manager is responsible for managing Riot’s Global insurance programs. This includes conducting multidimensional risk analysis on the relevant company data in order to evaluate and quantify the risk of Riot’s property, liability, cyber, events and other business exposures. This role will also be instrumental in developing systems to manage Riot’s on-going exposures and develop a cooperative and transparent claims management process, while ensuring compliance for all insurance programs. 

The Insurance Risk Manager will work closely with Riot’s Workplace Experience Team, Legal Department, Esports teams, InfoSec, and Entertainment Studio to understand Riot’s collective insurance needs. This role is also directly responsible for managing the communications with insurance brokers and insurance underwriters.

Responsibilities:

  • Collect, audit and assess all relevant exposure data for Riot’s Property & Casualty, General Liability, Cyber/E&O, Events, Cargo and Directors & Officers insurance programs
  • Oversee the evaluation, design, and  implementation of insurance programs, including defining the appropriate limits and retentions levels; determine opportunities for cost savings and structures for insurance captives
  • Develop and manage spreadsheets/documents to streamline the insurance renewal for all global insurance programs; develop standard interactive templates across the company to maintain updated exposure data for insurance programs
  • Manage the communication with claims administrators and insurance advisors during the claims process; coordinate internal documentation on all reported loss instances with Riot Legal and Accounting
  • Negotiate with Brokers to structure comprehensive and competitively priced insurance policies; assess opportunities for self insurance or development of insurance captives
  • Work collaboratively with Riot’s insurance underwriters, risk advisors, and internal stakeholders to ensure Riot’s compliance with insurance binders and corporate governance guidelines; review and assess insurance program binders, policies and schedules to identify gaps within Riot’s exposure
  • Develop standard language for insurance and indemnity provisions for 3rd-party contracts, and review contracts as needed in coordination with Riot’s Legal Department
  • Negotiate terms and conditions of service contracts with brokers and risk advisors
  • Manage insurance program accounts receivable and payables, and develop intercompany recharge programs with pillar teams
  • Monitor new business initiatives and conduct risk assessment to determine exposures; ensure insurance coverage for new entities, property, automobiles, and employees on a timely basis, including new acquisitions
  • Coordinate the annual audit for workers compensation insurance with the Riot accounting team; ensure compliance with the regulatory requirements of Workers Compensation

Required Qualifications: 

  • 5+ years of risk management experience in Corporate Risk or Commercial Insurance Brokerage
  • Experience with Media and Cyber risk management
  • Experience in handling highly sensitive and confidential data; familiarity with GDPR, HIPAA and other significant PII privacy regulations
  • Strong project management skills; ability to organize, prioritize and follow through on multiple tasks simultaneously and drive initiatives within pillar teams.
  • Proficient with Microsoft Excel, including formulas, pivot tables, and basic macros; experience with Google Docs and Google Sheets
  • Self motivated team player with strong attention to detail and high level of accountability
  • Excellent verbal and written communication skills for effective communication across all levels of the organization; strong interpersonal skills to develop effective working relationships across teams
  • Proven analytical and critical thinking skills and financial acumen

Desired Qualifications:

  • Bachelor’s degree in Data Science, Finance or Accounting is preferred

For this role, you'll find success through craft expertise, a collaborative spirit, and choices that focus on your fellow Rioters, who are the customers of your work. Being a dedicated fan of games is not necessary for this position!

Our Perks:

Riot has a focus on work/life balance, shown by our open paid time off policy, in addition to other perks such as flexible work schedules. We offer medical, dental, and life insurance, parental leave for you, your spouse/domestic partner and children, and a 401k with company match. Check out our benefits pages for more information.

Riot Games fosters a player and workplace experience that values teamwork embodied by the Summoner's Code and Community Code. Our culture embraces differences as a strength, and our values are the guiding principles for how we approach work. We are committed to putting diversity and inclusion (D&I) at the center of everything we do, and promoting a fair and collaborative culture where Rioters treat one another with dignity and respect. We encourage you to read more about our value of thriving together and our ongoing work to build the most inclusive company in Gaming.

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