Current Employees:If you are a current Staff, Faculty or Temporary employee at the University of Miami, please click here to log in to Workday to use the internal application process. To learn how to apply for a faculty or staff position, please review this tip sheet.
The Director, Operational Risk Management, manages the day to day operations of the risk management programs for the University enterprise, including risk analysis, risk treatment, claims and insurance functions. The incumbent identifies, assesses, manages and reports on University wide and unit specific risks to various stakeholders at the institution; Ensures that project/department milestones/goals are met and adheres to approved budgets; Conducts audits of policy and compliance to standards, including liaison with internal and external auditors. Directs the administration of the institution's property and casualty insurance programs; Health and Safety programs and business continuity programs, including underwriting and policy review. Develops prevention planning programs and evaluates and analyzes financial aspects of insurance protection to control claims and manage cost. Evaluates and reviews contracts to protect the institution.
CORE JOB FUNCTIONS - Reporting to the Assistant Vice President for Risk Management, the Director leads the day to day management of the department, Represents the Risk Management Department and acts on behalf of the AVP at both internal and external meetings. The Director serves as Subject Matter Expert in departmental processes and serves on committees advancing risk management programs.
- Manages staff in the day-to-day performance of their jobs. Supports the Risk Management team with training, knowledge and experience to help achieve objectives and builds risk awareness within the organization. Manages a comprehensive risk management education and orientation program for the University community at large.
- Manages the risk management and insurance program for the organization. Develops, recommends, and implements controls and cost-effective approaches to minimize the organization's risks effects. Identifies and analyzes potential sources of loss to minimize risk and estimates the potential financial consequences of an occurring loss. Ensures effective policies, procedures, systems, and best practices are developed and followed to manage risk across the institution. Recommends various forms of insurance to protect the University and is responsible for the renewal cycle for existing insurance policies including Property, Casualty, Management Liability, Medical Malpractice and Miscellaneous policies. Interprets and reviews contracts for indemnification and insurance terms and conditions. Manages departmental analysis, accounting and reporting obligations and analyzes data, develops appropriate action plans and risk mitigation strategies.
- Analyzes existing and new operations, identifies risks and recommends courses of action designed to maintain the effectiveness of the University's risk management programs and ensure their proper integration with various insurance contracts.
- Develops, Coordinates, and Administers programs designed to minimize liability. Develops procedures to minimize accidents and injuries to students, faculty, staff and visitors. Initiates policies to comply with safety legislation and industry practices. Researches and reports on the most cost-effective plans to minimize asset liability
- Recommends the investigation, defenses, and settlement of claims. Investigates any incidences that may result in asset loss. Reviews and analyzes risk management programs for the effectiveness of coverage and to reduce costs and losses.
- Serve as member of International Incident Response Team, including planning, training and response for international risks.
- Reviews and evaluates risk in contracting; provides analysis of risk and negotiates risk management terms.
This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as necessary.CORE QUALIFICATIONS Education:- Bachelor's degree in a relevant field with strong financial and analytical coursework
- Master's degree preferred
Certification and Licensing: Completion of or steady progress towards insurance designation and/or certification programs. Examples are:- Chartered Property Casualty Underwriter (CPCU)
- Associate in Risk Management (ARM)
- Certified Risk Management Professional (RIMS-CRMP)
- Other risk management and insurance designations
Experience:- 5 years of relevant experience with a progression of responsibilities, or a combination of relevant education and experience. Relevancy areas include underwriting, brokerage, and risk management.
Knowledge, Skills and Attitudes:- Excellent written and verbal communication skills with strong presentation abilities.
- Strong organizational, financial and analytical skills.
- Ability to lead projects and manage complex business issues.
- Supervisory experience including developing, training and mentoring staff. Demonstrated ability to effectively plan, delegate and/or supervise the work of others.
- Able to work in a diverse, fast paced, collaborative environment with students, faculty, staff and vendors.
- Ability to maintain effective interpersonal relationships.
- Commitment to the University's core values.
- Ability to direct, manage, implement, and evaluate department operations.
- Ability to establish department goals and objectives that support the strategic plan.
- Ability to exercise sound judgment in making critical decisions.
Job Status:Full time
Employee Type:Staff
