Description

Summary

The Opportunity

Hyatt Hotels Corporation seeks an enthusiastic Manager to join our Risk Management Department. In this role, you will be collaborating closely with the broader Finance, Legal, and Operations departments, where you'll be instrumental in continuing to make Hyatt a leading hospitality company. You will be part of a team that is passionate about our purpose, committed to nurturing curiosity and new skills, and building connections across the organization with colleagues, customers, and guests.

Who We Are

At Hyatt, we believe in the power of belonging and creating a culture of care, where our colleagues become family. Since 1957, our colleagues and our guests have been at the heart of our business and helped Hyatt become one of the best, and fastest growing hospitality brands in the world. Our transformative growth and the addition of new hotels, brands and business lines can open the door for exciting career and growth opportunities to our colleagues.

As we continue to grow, we never lose sight of what's most important: People. We turn trips into journeys, encounters into experiences and jobs into careers.

Why Now?

This is an exciting time to be at Hyatt. We are growing rapidly and are looking for passionate changemakers to be a part of our journey. The hospitality industry is resilient and continues to offer dynamic opportunities for upward mobility, and Hyatt is no exception.

How We Care for Our People

What sets us apart is our purpose-to care for people so they can be their best. Every business decision is made through the lens of our purpose, and it informs how we have and will continue to support each other as members of the Hyatt family. Our care for our colleagues is the key to our success. We're proud to have earned a place on Fortune's prestigious 100 Best Companies to Work For® list for the last ten years. This recognition is a testament to the tremendous way our Hyatt family continues to come together to care for one another, our commitment to a culture of inclusivity, empathy and respect, and making sure everyone feels like they belong.

We're proud to offer exceptional corporate benefits which include:
• Annual allotment of free hotel stays at Hyatt hotels globally
• Flexible work schedule
• Work-life benefits including wellbeing initiatives such as a complimentary Headspace subscription, and a discount at the on-site fitness center
• A global family assistance policy with paid time off following the birth or adoption of a child as well as financial assistance for adoption
• Paid Time Off, Medical, Dental, Vision, 401K with company match

Who You Are

As our ideal candidate, you understand the power and purpose of our culture of care, and embody our core values of Empathy, Inclusion, Integrity, Experimentation, Respect and Wellbeing. You enjoy working with others, are results driven and are looking for a variety of opportunities to develop personally and professionally.

The Role

The Manager of Risk Finance, based in Chicago, IL, will support Hyatt's Risk Management function by managing the financial governance of Hyatt's global risk financing programs, including captive insurance operations and Hyatt's commercial insurance program. This position will work closely with Treasury, FP&A, Corporate Accounting, and various external partners to ensure that the risk financing solutions are financially sound, compliant, and aligned with Hyatt's business objectives.

Key Responsibilities
•  Prepare monthly cash and department forecasts for both Hyatt Risk Management and Hyatt's captive insurance company.
• Review insurance program financial statements and audit reports for completeness and accuracy.
•  Manage data compilation of underlying exposures for captive premium pricing and review corresponding impacts within the quarterly actuarial reports.
• Prepare semi-annual Board of Directors meeting materials for the captive.
• Assist with annual budgeting process to establish the company's Total Cost of Risk (TCOR) and allocate costs to participating hotels.
• Address hotel inquiries regarding their insurance costs and general market conditions.
•  Prepare monthly reporting to monitor actual + forecasted spend compared to budget and investigate variances to budget.
•  Collaborate with Corporate Accounting to address reconciling items identified in account reconciliations and provide periodic updates to leadership regarding insurance account balances.
• Manage relationships with insurance brokers, captive managers, actuaries, investment managers, and other third-party service providers.
• Supervise Risk Management accounts payable processes and collaborate with the Accounts Payable and Receivable teams to ensure all accruals are processed timely.
•  Manage collateral (letters of credit and surety bonds) including annual reviews and periodic updates.
• Address both internal and external audit requests and ensure SOX compliance.

Qualifications

Experience Required:
• 5+ years of experience related to Risk Management, Accounting, and/or Finance functions, as well as professional communications.
• Proficiency with Microsoft Office, enterprise financial systems (e.g., Oracle, SAP), and enterprise risk management systems (e.g., Ventiv, Origami, RiskConnect).
• Proven ability to manage cross-functional initiatives and engage effectively with senior stakeholders.

Experience Preferred:
• Familiarity with insurance products.

The position responsibilities outlined above are in no way to be construed as all encompassing. Other duties, responsibilities, and qualifications may be required and/or assigned as necessary.

We welcome you:

Research shows that individuals tend to apply to jobs, only if they meet all the listed job qualifications. Unsure if you check every box, but feeling inspired to enhance your career? Apply. We'd love to consider your unique experiences and how you could make Hyatt even better.

The salary range for this position is $98,600 - $128,000. This position is also eligible to earn an annual bonus. The final pay rate/salary offered to the successful candidate will depend on experience, skill level and other qualifications for the role, as well as the location of the performance of work. Pay for the successful candidate will meet local requirements, including the local minimum wage rate.

We value our relationships with recruitment partners and require that agencies contact us first before submitting any candidates. Hyatt will not be responsible for any fees and obligations associated with unsolicited submissions unless a formal agreement is in place.