JOB SUMMARYThe Director of Risk Management is responsible for the day-to-day operations of the Risk Management program. This position serves as the primary liaison for internal contacts, brokers and other external contacts for Risk Management. This position also implements and oversees programs, policies, and services, and supervises the management of University claims.
PRIMARY JOB RESPONSIBILITIES- Determines the most effective methods for handling risk exposures and recommends mitigation strategies and options to senior management; identifies and drives improvements to overall risk management processes and documentation in conjunction with various departments in the University; formulates and directs the comprehensive enterprise management program; implements and oversees risk mitigation programs, policies and services; supervises the management of University claims including worker's compensation, property, automobile, aviation, general liability, medical professional liability and employment-practices liability
- Develops management reports to communicate and monitor risks to ensure that risk responses are timely and effective; educates, trains, advises and coaches managers on risk related issues, policies, procedures and work instructions; analyzes, plans and advises administration on the University's comprehensive insurance coverage
- Designs an appropriate and efficient claims administration infrastructure for all claims; oversees the investigation and administration of University property, automobile, general liability, and/or workers' compensation claims; manages and ensures data is reported into risk and claim databases; performs analyses on claims history; recommends and implements policies and procedures for claims handling; analyzes and monitors claims data; researches trends in claim activity
- Collaborates with various departments, including General Counsel, Business & Finance, Audit & Compliance, Provost, Office of Research, and Student Affairs to assess various types of contracts (e.g., leases, facility use agreements, license agreements, affiliation agreements, professional services contracts, etc.). Confirms insurance provisions correspond to risk tolerance of departments and suggest revisions or consultation with appropriate subject matter experts. Recommends additional risk transfer options (including the purchase of insurance) to address exposures presented in specific contracts
- Collaborates as needed on contracts and agreements for risk and compliance with the University's policies and procedures and all applicable state and federal laws; ensures all contracts and agreements have been properly vetted prior to signature; serves as University liaison with third party administrators; prepares written documents and correspondence; conducts large and small group presentations; represents the University at regional, state and national meetings; establishes and maintains effective working relationships with internal and external contacts; studies insurance market conditions in order to design the optimal risk financing program
- Prepares insurance budgets and manages procurement of actuarial studies and other managerial reports to aid senior leadership in their decision-making processes
- Performs other duties as assigned
KNOWLEDGE, SKILLS, AND ABILITIES- Knowledge of general business management
- Knowledge of financial and accounting management
- Strong interpersonal/human relations skills
- Verbal and written communication skills
- Analytical skills
- Organizational and planning skills
- Ability to interact effectively and professionally with executives of the University and external organizations
- Ability to prepare and make presentations
- Ability to maintain a high level of confidentiality
- Ability to operate personal computer and various software
MINIMUM QUALIFICATIONS- Bachelor's degree in business, finance or accounting
- Five years of progressively responsible risk management experience
PREFERRED QUALIFICATIONS- Master's Degree
- Previous experience in higher education
FunctionRisk Management
Scheduled Weekly Hours:
40
