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Job Overview
Employment Type
Full-time
Compensation
Salary
Range $98,600.00 - $128,000.00
Work Schedule
Flexible
Benefits
Paid Time Off
Medical insurance
Dental Insurance
Vision Insurance
401K with company match
Annual allotment of free hotel stays
Flexible work schedule
Wellbeing initiatives
Family assistance policy
Job Description
Hyatt Hotels Corporation, a globally recognized leader in the hospitality industry, is seeking an enthusiastic Manager to join the Risk Management Department at their Chicago, IL location. Hyatt is renowned for its commitment to creating a culture of care and belonging, where employees are valued as family and guests’ experiences are transformed into memorable journeys. Since its founding in 1957, Hyatt has grown to become one of the fastest-growing hospitality brands in the world, thanks in large part to its focus on people, inclusivity, and innovation. Hyatt’s dedication to nurturing curiosity, new skills, and connection across finance, legal, operations, and... Show More
Job Requirements
- Bachelor’s degree in finance, accounting, risk management or related field
- Minimum 5 years of experience in risk management, accounting, finance or related roles
- Proficiency in Microsoft Office and enterprise financial systems such as Oracle or SAP
- Experience with enterprise risk management systems like Ventiv, Origami or RiskConnect
- Strong communication skills and ability to engage senior stakeholders
- Proven ability to lead cross-functional initiatives
Job Qualifications
- Bachelor’s degree in finance, accounting, risk management or related field
- Minimum 5 years of experience in risk management, accounting, finance or related roles
- Proficiency in Microsoft Office and enterprise financial systems such as Oracle or SAP
- Experience with enterprise risk management systems like Ventiv, Origami or RiskConnect
- Strong communication skills and ability to engage senior stakeholders
- Proven ability to lead cross-functional initiatives
- Familiarity with insurance products preferred
Job Duties
- Prepare monthly cash and department forecasts for risk management and captive insurance
- Review insurance program financial statements and audit reports for completeness and accuracy
- Manage data compilation of underlying exposures for captive premium pricing and review quarterly actuarial report impacts
- Prepare semi-annual Board of Directors meeting materials for the captive insurance company
- Assist with annual budgeting process to establish Total Cost of Risk and allocate costs to participating hotels
- Address hotel inquiries regarding insurance costs and market conditions
- Prepare monthly reporting to monitor actual and forecasted spend versus budget and investigate variances
- Collaborate with Corporate Accounting to address account reconciliation issues and provide updates on insurance account balances
- Manage relationships with insurance brokers, captive managers, actuaries, investment managers and third-party service providers
- Supervise risk management accounts payable processes and coordinate with-payable and receivable teams to ensure timely accruals
- Manage collateral including letters of credit and surety bonds with annual reviews and updates
- Address internal and external audit requests and ensure SOX compliance
Job Criteria
Experience
Expert Level (7+ years)
Job Location
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