One giant step forward to career advancement
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One Giant Step Forward to Career Advancement. Presented by Richard Meyers & Associates, Inc. What ’ s Up For Discussion?. RIMS Professional Growth Model Risk Management partners Climbing to the next level Breaking it down, advancing your career My “ Top Ten ” Education… It defines you

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One Giant Step Forward to Career Advancement

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One giant step forward to career advancement

One Giant Step Forward toCareer Advancement

Presented by Richard Meyers & Associates, Inc.


What s up for discussion

What’s Up For Discussion?

  • RIMS Professional Growth Model

    • Risk Management partners

    • Climbing to the next level

    • Breaking it down, advancing your career

  • My “Top Ten”

  • Education… It defines you

  • What sets you apart… Key Differentiators

    • Advice from people that matter

  • Summary

  • Q&A


Rims risk management professional growth model

RIMS Risk Management Professional Growth Model

Taking the information off the page


Internal customers partners in risk

Internal CustomersPartners in Risk

  • Accounting & Audit

  • Compliance

  • EH&S (Environmental Health & Safety)

  • Enterprise Risk Management

  • Human Resources (Talent Management)

  • IT (Information Technology)

  • Legal (General Counsel)

  • Operations

  • Senior Management (C-Suite)

  • Supply Chain

  • Treasury & Finance


Climbing the professional growth model

Climbing The Professional Growth Model

Entry level

1-3 years

Mid- Level

4-7 years

Senior level

8-15 years

Executive level

15 years plus


Entry level 1 3 years non technical

(Entry level, 1-3 years)Non-technical

High academic standings

Strong PC skills

Academic awards

Insurance Internships

Personal skills

Technical

Knowledge of Risk Financing

Claims Management & Loss Reserving

Risk Management Information Systems

Certificates of Insurance

Risk Identification & Analysis Techniques

Learning Company Structure & Risk Profile


Mid level 4 7 years non technical

(Mid-Level 4-7 years)Non-technical

Internal recognitions

Participating in industry functions

Developing industry network

Merging risk management with other management practices & systems

Developing:

Influence change and being inquisitive

Strong written & verbal communication

Analytical skills & attention to detail

Technical

General P&C and Specialty Coverages

Knowledge of M&A and Due Diligence

Business Continuity Planning

Strong Company & Business Knowledge


Senior level 8 15 years non technical

Senior Level, 8-15 years)Non-Technical

  • Influencer, Implementer, Facilitator & Innovator

  • Promoter/Champion of Staff

  • Creative, Engaging, Project Leader, Integrity, Negotiation, Presentation

    Technical

  • Practitioner in M&A Due Diligence

  • Proficient in Insurance Contracts

  • Budgeting & Negotiating Skills

  • Treasury & Tax

  • Insurance Contracts

  • Safety & Loss Control

  • Business Continuity Planning

  • C-Suite Exposure


Step 4 executive level 15 years non technical

STEP 4(Executive Level, 15 years+)Non-technical

Implementer/Innovator

Communicates “non-technically across all lines of business

Engaging presence

Works in front of desk

Creates “Strategic” objectives

Recognized by peers

Developed skills in:

Perceptive, pragmatic, proactive, promoter

Change Agent, coach

Educator, effective with others

C-Suite enabled

Humble & not about self

Decisive & constructive


Step 4 executive level 15 years non technical continued

STEP 4(Executive Level, 15 years+)Non-technical continued

Innovative Leader in the following areas:

  • Business & Industry

  • ERM Enterprise Risk Management

  • Strategic view on Risk Management

  • Alternative Risk Transfer

  • Ethics & Governance Cultural

  • Budgeting and Staff Developer

  • Champion & Promoter for all Risk Initiatives


Hot areas of risk

Hot Areas of Risk

  • Enterprise Risk Management, (ERM)

  • Business Continuity Planning, (BCP)

  • International Financial Reporting Standards, (IFRS)

  • Risk & Capital Management, (RCM)

  • Global Association of Risk Practitioners, (GARP)


Breaking it down to advance your career in risk management

Breaking it Down to Advance Your Career in Risk Management

  • Well-developed verbal, written, and presentation skills

  • Negotiating skills

  • Influencing skills

  • Facilitation skills

  • Collaboration skills

  • Active listening skills

  • Continued technical competency and self development

  • Executive presence


The top ten through the professional growth model

“The Top Ten”Through The Professional Growth Model

10. Create achievable and realistic goals

9. Build on those goals year to year

8. Communicate effectively with your

“Audiences”

7. Build & foster relationships

6. Broaden your skill set each year –

presentation & written communications skills

being the key


The top ten part ii through the professional growth model

“The Top Ten” Part IIThrough The Professional Growth Model

5. Embrace technology

4. Insurance technical skills are rarely the best

answer

3. Enjoy your work and show it…daily

2. Promote yourself and socialize your

results while being a team player

1. Promote risk management in everything you do… don’t hide behind your desk


Education formal accreditations

EducationFormal & Accreditations

  • Undergraduate versus “NO” degree

  • Masters versus undergraduate degree

  • Concentrated degrees:

    • JD, RM, Finance, Accounting, Safety

  • Professional Designations:

    • RF, FRM, CRM, etc. 

    • ARM, ARMe, CPCU, CIC, etc.


Navigating through the professional growth model with key differentiators

Navigating through the “Professional Growth Model”with Key Differentiators


Key differentiators

Key Differentiators

  • Be visible, work in front of your desk not behind It

  • Always maintain a customer focus

  • Know what value you bring to the organization and more importantly the organization’s values

  • Know how your performance is being evaluated

  • Document, validate, and socialize results regularly

  • Meet or exceed required expectations (remember the bottom line)

  • Demonstrate business passion and energy (let your boss know you want to be there; don’t assume that everyone knows you love your job)


Key differentiators continued

Key Differentiators, Continued

  • Develop and maintain key relationships

  • Develop your network beyond your department and immediate supervisor…your boss should not be your savior

  • Your communicative abilities reflect how you are perceived and thought of…Articulate

  • Always be professional, ethical, and true to one’s self

  • Remember, integrity is something you own unless you choose to give it away (your word represents who you are)

    • Maintain that you owe no one

    • If you violate trust…there are no second chances

  • Proactive vs. Reactive


What are executive and hr recruitment leaders looking for in risk professionals

What are Executive and HR Recruitment Leaders looking for in Risk Professionals?

  • A proactive manager of risk

  • A strategic business partner

  • An effective communicator…Impact

  • An entrepreneurial spirit

  • General business skills education (Finance & Accounting)

  • Absolute Integrity **


Peace

Professional & Passionate

Energetic

Attitude

Customer-focus and

Enthusiasm

Development of one’s emotional intelligence, “EI”

PEACE


Summary

SUMMARY

The Strengths (technical skills) that got you where you are today, are not the skills you will need to advance to higher levels of responsibility within the organizationtomorrow


Questions

QUESTIONS


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