Manager Insurance and Risk Analysis

Summary

Reporting to the Director of Enterprise risk management the incumbent will have responsibility of the company-wide insurance program, including claims management and the loss prevention program. In addition, he(she) will assist with the implementation of the Business continuity program, work on the development of risk appetite statements and develop scenario-based risk assessments.

Role and Responsibilities

• Conduct annual review of schedule of insurance policies, including review of renewal policies for errors or omissions and making recommendations for correction, addition or deletion. Verify accuracy of all terms and conditions of renewal policies. Assist the Director of Risk Management with data necessary to the annual analysis and report of transferable risk.

• Manages all data collection necessary to the successful purchase of new and renewal property, liability insurance and other insurance policies and programs, including gathering data, and completion of necessary applications for coverage.

• Develop and maintain a system for timely and accurate renewal and updating of all insurance policies, as well as recording of losses, claims, insurance premiums and other risk related costs and information.

• Maintain financial projections necessary to adequately budget for insurance policy costs. Coordinate with accounting to assure that premium costs are allocated appropriately to the relevant Gildan Companies.

• Maintain oversight of all incidents and claims that affect Gildan property, liability and other insurance policies. Respond to incident reports and maintain internal system of documentation. Make recommendations as appropriate to reduce/eliminate future losses (i.e. Loss prevention programs, Property & Cargo).

• Make recommendations to the Director of Enterprise Risk Management when higher limits or additional coverages may be necessary for higher risk activities or events.

• Review of insurance contracts for proposed acquisitions to be entered into by Gildan to make recommendations on appropriate contract language that is consistent with the risk tolerance and policies of insurance maintained by Gildan.

• Maintain departmental policies and procedures related to insurance, claims and loss prevention.

• Oversight of Global Emergency Response Plans to ensure standardization, completeness and testing of plans. Liaison with Global EHS (Environmental, Health and Safety) leader.

• Monitor critical events that may impact business continuity and employee safety (i.e. Natural disasters, Political Unrest) in locations where the company has operations.

• Assist in conducting, risk assessment, mitigation strategies and developing Business Continuity plans