CHIEF RISK OFFICER

DESCRIPTION

THE PORT OF LONG BEACH IS SEEKING A CHIEF RISK OFFICER

(This is an at-will position)

Salary Range: $157,128 - 219,980

ABOUT US

The Port of Long Beach, one of the world's busiest seaports, is an international gateway for the reliable, efficient, and sustainable movement of goods and is a leader in environmental stewardship. Credited with moving approximately $200 billion in trade, the Port serves as a critical hub for international commerce and is a major transportation center. East Asian trade accounts for the bulk of Long Beach shipments. Port-related international trade has a wide-ranging economic impact, supporting millions of jobs that benefit the region and the entire country.

THE TEAM

The Port of Long Beach's Finance team is a dynamic group dedicated to ensuring the financial health and sustainability of one of the busiest ports in the nation. Committed to transparency and efficiency, this team manages a diverse portfolio that includes accounting, budgeting, financial planning and analysis, grants management, and risk management. With a focus on innovative financial solutions, they support the Port's mission by optimizing resources, driving investment opportunities, and enhancing overall operational effectiveness. Collaborating closely with other departments, the Finance team plays a crucial role in shaping the future of the Port while fostering economic growth in the region.

THE ROLE

Under the dynamic leadership of the Port's Director of Finance, the Chief Risk Officer (CRO) will spearhead the strategic development and implementation of risk management programs for the Port of Long Beach (Harbor Department). This pivotal role involves supervising a talented team of professionals and shaping policies that safeguard Port operations while driving growth and resilience. If you’re ready to make a significant impact in a vibrant environment, we want to hear from you!

EXAMPLES OF DUTIES

HOW YOU GET TO CONTRIBUTE

• Responsible for all aspects of property and liability insurance policy renewals, including the development of marketing strategy and procurement with brokers/insurance underwriters
• Develop systemic methods to identify risk exposures and loss mitigation and recommend cost-effective insurance policies and procedures.
• Conduct periodic independent evaluations, tests, and reviews of policies and procedures to maintain and update the Port’s Risk Management Guide and insurance profile.
• Assess the Port’s property valuation periodically and analyze exposure on insured values and the nature of risk.s
• Assists the City Attorney's Office with handling of claims
• Monitor industry trends, advancements, and best practices and provide recommendations to Port Management
• Develop alternative risk financing strategies in response to client positions/requirements
• Perform studies to forecast the Port’s future loss models, cost-efficient alternative insurance structures, and other large loss assumptions for loss severity models
• Perform other management duties as needed

REQUIREMENTS TO FILE

EDUCATION, KNOWLEDGE & EXPERIENCE:

• A bachelor’s degree in Finance, Management, Risk Management, or Insurance, or a similar field from an accredited college or university.

• Five or more years of leading a risk management function. This includes experience dealing with complex insurance coverage, assessment, and negotiation.
• Five or more years in a supervisory/management role

SKILLS NEEDED:

• Ability to establish and maintain effective working relationships with various internal customers, external vendors, insurance brokers, and underwriters.
• In-depth understanding of risk management frameworks and principles, including the ability to identify, assess, mitigate, and monitor business risks across various functions such as operations, finance, construction, and risk compliance
• Subject matter expertise in financial instruments, risk management concepts, industry trends, and global insurance markets
• Techniques and practices on claims, adjustments, and settlements
• Principles and practices of risk transfer, loss prevention, and control
• Knowledge of complex controlled insurance programs

DESIRABLE:

• A master’s degree and/or professional risk management certification is preferred
• Professional Risk Management (PRM) certification is highly desirable

If you require accommodation because of a disability in order to participate in any phase of the application/selection process, please contact (562) 283-7500 or email Careers@polb.com .

SELECTION PROCEDURE

The Port of Long Beach will consider qualified applicants with a criminal history pursuant to the California Fair Chance Act. You are not required to disclose your criminal history or participate in a background check until you receive a conditional job offer. If the Port of Long Beach has concerns about a conviction that is directly related to the job after making a conditional job offer and conducting a background check, you will have the opportunity to explain the circumstances surrounding the conviction, provide evidence to mitigate concerns or challenge the accuracy of the background report. Find out more about the Fair Chance Act by visiting https://calcivilrights.ca.gov/fair-chance-act or https://www.longbeach.gov/hr/about-us/talent-acquisition/the-fair-chance-act/ .

The final filing date for this recruitment is February 7, 2025 @ 11:59 pm PDT.

To be considered for this opportunity, please submit a cover letter and resume with your application in PDF format. Incomplete applications (without a cover letter and resume) will not be considered.

Individuals who are most qualified for the position will be invited to participate in the selection process to evaluate candidate qualifications further. A final round interview (in-person) will be tentatively scheduled for Thursday, February 27, 2025. The successful candidate will be appointed shortly thereafter. References will be verified for the final list of candidates. An employment offer is contingent on passing a comprehensive background check.

The Port reserves the right to extend the closing date without notice in order to accept additional applications. Those individuals determined to be most qualified for the position will be invited to participate in the selection process.

THE BENEFITS:

The Port of Long Beach has established an annual salary range of $157,128 - 219,980 (placement depends on qualifications). An attractive package of management-level benefits is also included, with the opportunity to work in one of the most diverse and dynamic regions of the United States. The Port’s generous benefits package includes:

• Auto Allowance - $550.00 per month
• Executive Leave - 40 hours per year.
• Retirement - CalPERS 2% @ 62, coordinated with social security. Current member contribution is 8.00% for CalPERS, and 6.2% for social security, paid by the employee.
• Pay for Performance - Pay for Performance is awarded based on employee performance as demonstrated through achievement of individual goals, demonstration of required competencies, and available budget funds.
• Deferred Compensation - The City matches a percentage of base salary for qualified members contributing to the 457(b) plan.
• Group Health Insurance - Medical and dental options (HMO and PPO). Free vision coverage.
• Life Insurance - City-paid life insurance policy of $20,000 plus executive insurance benefit equal to three times annual salary up to a maximum of $500,000.
• Disability Insurance - City-paid short- and long-term disability insurance.
• Vacation - Vacation is accrued at the equivalent of two weeks on an annual basis. Vacation can be used after six months of service. An employee’s vacation accrual may be adjusted upon hire to provide credit for previous full-time employment at a public service agency. Credit for public service shall only be given for completed years of service as a full-time permanent employee. Public Service credit shall not apply to any other benefits.
• Sick Leave - Accrued at 8 hours per month. Accruals may be converted upon retirement to cash credit toward health and /or dental insurance premiums or retirement service credits.
• Paid Parental Leave - After six (6) months of City employment, the City pays up to 30 consecutive days (160 hours) for eligible employees to take paid time to bond with the child upon birth, adoption, or foster placement of a child, up to the age of 17.
• Holidays - 11 scheduled holidays per calendar year and four (4) personal holidays.
• Education Reimbursement - Tuition reimbursement allows employees to obtain additional education or training.
• Annual Physical - Eligible to receive an annual physical examination at the city's expense through the city-provided program.
• Public Student Loan Forgiveness - As the Harbor Department of the City of Long Beach, a governmental agency, the Port of Long Beach is a qualifying employer for the Public Student Loan Forgiveness (PSLF) program.
• 529 college savings plan - The ScholarShare529 plan is an account that allows employees to invest specifically for future education expenses through the Long Beach City Employees Federal Credit Union. Funds can be used from your 529 savings plan to send your grandkids, kids, or even yourself to any accredited public or private U.S. college or university - or two-year technical or vocational institution.

The Port of Long Beach is an Equal Opportunity Employer

We do not discriminate based on race, religion, color, national origin, sexual orientation, gender, gender identity, gender expression, age, status as an individual with a disability, or other applicable legally protected characteristics.

www.polb.com

The City of Long Beach offers its employees opportunities to grow personally and professionally.As a permanent employee, you are eligible to receive fringe benefits that include:

Retirement:California Public Employees' Retirement System (PERS) defined benefit retirement plan, which is coordinated with Social Security. The benefit is 2.5% or 2.7% (depending on hire date) @55 for "Classic" members and 2% @62 for new members as defined by PEPRA, subject to the compensation limitations set by PERS. Both the City and the employee contributes toward CalPERS retirement contributions. The city also participates in Social Security.

Health and Dental Insurance:The City offers the choice of HMO and PPO plans. The city pays major portion of the premium for employee and dependents depending on the health/ dental plan selected.

Life Insurance:City-paid term life insurance policy equal to three (3) times annual salary to a maximum of $500,000.

Disability Insurance:City-paid short-term and long-term disability insurance.

Management Physical:Annual City-paid physical examination.

Vacation:Twelve (12) vacation days after the first year of service; 15 days after four years, six months of service; 20 days after 19 years, six months of service.

Executive Leave:Forty (40) hours Executive Leave per year. The City Manager has discretion to grant an additional 40 hours each year.

Sick Leave: One day earned per month; unlimited accumulation; conversion upon retirement to cash credit toward health and/or dental insurance premiums, or to pension credits.

Holidays:Eleven (11) designated holidays per year, plus four personal holidays to be used at the employee's discretion.

Transportation Allowance:Monthly allowance is allocated by classifications below;

• Department Head $650.00
• Deputy Director/Manager/Director (Harbor/Utilities) $550.00
• Division Officer/Superintendent/ Chief of Staff / Administrator / Principal DCA $450.00
• Assistant to Executive / Executive Assistant / Executive Secretary/ Executive Support Staff $300.00

Deferred Compensation Plan:Optional for employee contribution to a supplementary retirement savings program available through Mission Square Retirement formerly ICMA-RC Retirement Corporation).

• Classic CalPERS Members: The City will contribute a maximum of up to two percent (2%) of base salary* for all qualified Classic CalPERS members.
• Public Employees’ Pension Reform Act (PEPRA) CalPERS Members: Effective the second full pay period following City Council adoption, the City contribution will increase from two percent (2%) to three percent (3%) of base salary* for all qualified PEPRA CalPERS members.

Flexible Spending Account (FSA):Optional election for employees to reduce taxable income for payment of allowable childcare or medical expenses.

Flexible/Hybrid Work Schedule:Available (subject to City Manager approval).

Paid Parental Leave: The City provides one hundred and sixty (160) hours of Paid Parental Leave at 100% of salary, for the birth, adoption or foster placement of a child, regardless of the gender, marital status or sexual orientation of the parent.

Closing Date/Time: 2/7/2025 11:59 PM Pacific

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• City of Long Beach

• 5625707057

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