Director, Corporate Insurance
Company Description
Job Description
Company Description:
McDonald’s is proud to be one of the most recognized brands in the world, with restaurants in over 100 countries that serve 70 million customers daily. We continue to operate from a position of strength. Our updated growth strategy is focused on staying ahead of what our customers want and realizing further growth potential. Our relentless ambition is why McDonald’s remains one of the world’s leading corporations after almost 70 years. Joining McDonald's means thinking big and preparing for a career that can have influence around the world.
At McDonald’s, we see every day as a chance to create positive impact. We lead through our values centered on inclusivity, service, integrity, community and family. From support of Ronald McDonald House to our Youth Opportunity project and sustainability initiatives, our values keep us dedicated to using our scale for good: good for our customers, people, industry and planet. We also offer a broad range of outstanding benefits including a sabbatical program, tuition assistance and flexible work arrangements.
Department Overview
This position provides strategic and tactical leadership in the development, implementation and management of McDonald's Corporation’s worldwide insurance programs, and serves as a key advisor to the McDonald’s System. This role has ownership of insurance program renewals, leads negotiations with brokers and insurers, oversees captive operations, and drives innovation, cost optimization, and resilience across a complex global organization.
The Director reports into the Senior Director, Corporate Insurance. The Director independently represents the function where appropriate, while partnering closely with the Senior Director and the Treasurer on high‑profile renewals and enterprise initiatives. This is a high-profile position that closely partners with senior executives at McDonald’s and with the franchisees/licensees as well as the external insurance broker and carrier community.
Duties
Global Insurance Program Leadership
- Lead, develop, and innovate all McDonald's Corporation worldwide insurance programs including property and casualty, directors and officers, crime, fiduciary, cyber, auto, advertising, and worker’s compensation.
- Negotiate all details of McDonald's Corporation worldwide insurance programs including terms and conditions, coverage, and premiums.
- Advanced use of data analytics to inform insurance strategy and cost optimization.
- Assure all insurance programs are managed in accordance with applicable governmental regulations, regulatory guidelines, business ethics and McDonald’s Standards of Business Conduct.
- Monitor compliance with McDonald's Corporation minimum insurance standards worldwide.
- Lead insurance negotiations for RMHC, P2W, OPNAD and other McDonald’s supporting entities as well as providing advice and council on their risk and insurance needs.
Captive Insurance Operations & Risk Financing
- Responsible for overseeing 3 insurance captives with activities worldwide.
- Operational responsibility of underwriting and administrative activities of McDonald's Corporation's international and domestic captive insurance companies.
- Partner with captive managers, actuaries, underwriters, and finance teams to oversee underwriting results, reserves, capital adequacy, and governance.
- Identify opportunities to optimize captive utilization and balance risk retention and risk transfer in alignment with enterprise risk appetite.
Enterprise Risk, Crisis Readiness & Resilience
- Serve as primary corporate insurance consultant for McDonald’s U.S. and International markets, including DLs and franchisees.
- Provide insurance advice to McDonald's Finance, Legal, Supply Chain, and other senior management teams on all insurance related matters from complex insurance claims, coverage issues, and contract reviews.
- Serve as an active contributor to enterprise crisis‑management and resilience initiatives, supporting scenario planning and response protocols.
- Anticipate and identify new or emerging exposures, insurance issues, and regulatory changes that may impact the business and develop long range plans and strategic direction for appropriate resolution.
- Maintain relationships with third party service providers, including brokers and insurers, to ensure that the interests of the Company and its clients are properly addressed.
Qualifications
Minimum Requirements
- 10+ years of progressive global corporate insurance, underwriting, or brokerage experience.
- Proven ability to take ownership and negotiate complex contracts.
- Experience with captive insurance operations and risk‑financing structures.
- Strong executive communication, influencing and stakeholder‑management skills
- Experience leading and developing high‑performing teams, 5 years preferred.
- Must exercise sound judgment; be able to work independently and effectively under tight pressures and deadlines in a fast-paced high-volume environment.
- Travel required, international and domestic.
Compensation
Bonus Eligible: Yes
Long - Term Incentive: Yes
Benefits Eligible: Yes
Salary Range
The expected salary range for this role is $168,212.00 - $210,265.00 per year
The above represents the expected salary range for this job requisition. Ultimately, in determining your pay, we may also consider your experience, and other job-related factors.
Additional Information:
Benefits eligible: This position offers health and welfare benefits, including but not limited to comprehensive health insurance, which includes medical, prescription drug, mental health, dental and vision coverage, as well as, life insurance; a 401(k) plan; adoption assistance program; educational assistance program; flexible ways of working; and time off policies (including sick leave, parental leave, and vacation/PTO).
McDonald’s is an equal opportunity employer committed to the diversity of our workforce. We promote an inclusive work environment that creates feel-good moments for everyone. McDonald’s provides reasonable accommodations to qualified individuals with disabilities as part of the application or hiring process or to perform the essential functions of their job. If you need assistance accessing or reading this job posting or otherwise feel you need an accommodation during the application or hiring process, please contact mcdhrbenefits@us.mcd.com. Reasonable accommodations will be determined on a case-by-case basis.
McDonald’s provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to sex, sex stereotyping, pregnancy (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), race, color, religion, ancestry or national origin, age, disability status, medical condition, marital status, sexual orientation, gender, gender identity, gender expression, transgender status, protected military or veteran status, citizenship status, genetic information, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
Nothing in this job posting or description should be construed as an offer or guarantee of employment.