Sr Manager, Risk Management (Risk Manager)

CarMax
Richmond
Workplace: OnsiteFull timeUSD 111,700 - 178,700 annuallyFunction: Legal, Risk & ComplianceExperience: 8+ yearsEducation: bachelorsSkills: ["Influencing","Relationship building","Negotiation","Analytical thinking","Leadership"]

Lead CarMax’s enterprise risk and insurance strategy across multiple insurance lines, with a strong focus on Workers’ Compensation. Oversee WC claims and the WC team, manage the Bermuda-based captive insurance company, and direct underwriting submissions, renewals, and negotiations. Partner with internal stakeholders to reduce exposure and financial risk, provide corporate direction for complex Auto/GL/WC claims, and execute SOX controls and audit support while serving as a risk management subject matter expert.

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FursaFursa
CarMax
CarMax
1 day ago

Sr Manager, Risk Management (Risk Manager)

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Last checked: 8 hours agoStatus: Live

Job Summary

Lead CarMax’s enterprise risk and insurance strategy across multiple insurance lines, with a strong focus on Workers’ Compensation. Oversee WC claims and the WC team, manage the Bermuda-based captive insurance company, and direct underwriting submissions, renewals, and negotiations. Partner with internal stakeholders to reduce exposure and financial risk, provide corporate direction for complex Auto/GL/WC claims, and execute SOX controls and audit support while serving as a risk management subject matter expert.
Location: Richmond
Workplace: Onsite
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Sr. Manager level

Key Responsibilities

  • •Identify, evaluate, and manage risks across CarMax’s operations to reduce exposure and financial risk
  • •Lead strategy for commercial insurance programs (including Auto Liability, General Liability, Workers’ Compensation/Employers’ Liability, Property, and others) and drive renewals/negotiations
  • •Oversee Workers’ Compensation strategy and claims resolution, including managing WC associates and partnering to support injured associates
  • •Provide corporate direction for complex and/or litigated Auto/GL/WC claims with legal counsel and insurance carriers, including settlement authority matters
  • •Manage the captive insurance company strategy, reporting/analytics, regulatory compliance, audits, premium determination, payments, and administration

Pay and Benefits

Salary: USD 111,700 - 178,700 annually
Equity and Bonus:Equity
Perks:Paid Leave

Key Requirements

  • •8+ years of experience in risk management (or related discipline) for a large company with multiple lines of insurance
  • •Four-year college degree
  • •Strong fluency in insurance markets, products, and terminology
  • •Strong operational knowledge of Microsoft Office (Excel, Word, PowerPoint, Outlook)
  • •Ability to influence across multiple levels, build relationships, negotiate successfully, and drive analytical decision-making
Experience:8+ yearsInsurance
Education:Bachelor's
Skills:InfluencingRelationship buildingNegotiationAnalytical thinkingLeadership
Tech Stack:Microsoft ExcelMicrosoft WordMicrosoft PowerPointMicrosoft OutlookSOX

Company Brief

CarMax
Operates the largest used-car retail chain in the United States, selling and financing pre-owned vehicles through a no-haggle customer experience. Also offers vehicle buying, appraisal, service, and related automotive solutions.
Industry: Automotive
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: Richmond, United States
Founded: 1993
WebsiteLinkedIn