Risk Management Specialist at Land O'Lakes in Arden Hills, MN

Job description

Risk Management Specialist Land O’Lakes is seeking a Risk Management Specialist to support and assist in our corporate and risk management operations, including regulatory compliance, the company-wide surety program, insurance renewals, certificates of insurance, third-party property damage recovery, and insurance-related financial administration. This role will apply professional judgment to analyze requirements, coordinate cross-functional and external stakeholders, resolve issues, strengthen processes and controls, and deliver accurate, timely, audit-ready outcomes, escalating matters with material coverage, legal, financial, or strategic implications. Key responsibilities will include: Regulatory Reporting, Compliance & Surety Program Management (25%) Own recurring insurance, self-insurance, and regulatory filings, reports, assessments, and audits; interpret requirements, establish work plans, and ensure accurate and timely completion. Analyze payroll, employee, claims, financial, and exposure information; reconcile discrepancies, prepare submissions and related payment requests, and maintain defensible supporting documentation. Manage the company-wide surety program, including evaluation and coordination of bond requests, renewals, cancellations, indemnity and supporting documentation, and relationships with brokers and surety providers. Monitor statutory and contractual obligations, identify emerging issues or control gaps, recommend corrective action, and escalate material exceptions. Third-Party Property Damage Recovery (20%) Lead recovery matters involving third-party damage to company-owned or leased facilities, property, or infrastructure from initial notification through resolution. Assess available facts, establish recovery strategy, and coordinate evidence, repair estimates, invoices, responsible-party and insurer communications, and formal recovery demands. Partner with Facilities, Legal, Finance, insurers, brokers, and business stakeholders to resolve disputed or complex matters and maximize timely recovery of repair and related costs. Track financial results, reconcile receipts, maintain complete case documentation, identify trends, and escalate material exposure or recovery risk. Insurance Program & Renewal Management (25%) Manage annual renewal workstreams for casualty and executive-risk programs, including timelines, information requirements, stakeholder assignments, and completion status. Analyze and compile exposure, payroll, location, vehicle, financial, loss, and operational information; challenge inconsistencies and coordinate resolution with business partners. Prepare applications, questionnaires, exhibits, and underwriting materials for leadership and broker review; identify matters requiring coverage, underwriting, or strategic discussion. Partner with brokers, insurers, Finance, Legal, and business stakeholders to improve data quality, renewal readiness, and program administration. Certificate of Insurance & Contractual Risk Administration (15%) Manage liability and property certificate processes and other proof-of-insurance requirements for internal and external stakeholders. Evaluate requests against approved coverage and contractual requirements, resolve routine exceptions, and escalate nonstandard or potentially material obligations. Monitor service levels, documentation quality, expirations, and deficiencies; coordinate corrective action and maintain accurate, audit-ready records. Identify recurring issues and implement process improvements that strengthen consistency, responsiveness, and control. Insurance Financial Administration & Vendor Management (15%) Manage purchase requisitions, purchase orders, invoices, payment requests, regulatory fees, and recurring insurance-related payments within established financial controls. Review charges and supporting documentation for accuracy, resolve discrepancies, monitor commitments and payment status, and maintain reliable financial trackers. Coordin