Job Description
Primary Purpose
Reporting to the CFO and EVP for Finance and Operations the Director of Risk Management & Insurance is responsible for building and administering the Universitys risk management and insurance programs. This position directs and leads the development of risk management strategies and related policies and procedures. They influence University risk owners to manage and mitigate operational risks.
Essential Functions Insurance and Risk Management Financing: Identify exposures analyze and evaluate risks and oversee the placement of insurance programs including property casualty educators legal liability cyber and more. Design optimal insurance structures leveraging third-party insurers. Lead strategy discussions negotiate terms and oversee the placement of insurance coverages. Oversee administration record-keeping and oversight of insurance programs and policies across various loss types. Maintains current accurate and meaningful insurance premium legal loss claims and related statistical risk management records. Evaluate the Universitys insurance portfolio and manage insurance claims. Serve as the primary liaison with insurance carriers and manage broker relationships. Negotiate insurance policy terms and pricing and manage special insurance programs. Conduct an annual review of the schedule of insurance policies including a review of renewal policies for errors or omissions. Make recommendations for correction addition or deletion. Review contracts for risk-related provisions to avoid improper risk assumption. Administers the Universitys workers compensation program and insurance. Investigate and analyze work-related accidents and injuries. Maintain oversight of all incidents and claims. Coordinate all data collection necessary to purchase new and all renewal insurance policies and programs successfully. Maintain contact with the broker regarding additional underwriting data needs and solicit essential data from the university community. Strategic Planning and Compliance: Develop and implement short and long-term strategic plans for university risk management. Participates in University-wide contingency planning and business continuity efforts. Ensure the organizations risk management policies and strategies comply with applicable regulations standards and strategic initiatives. Develop and implement best practices for risk assessment and mitigation. Oversee and monitor all operational risk management activities. Develop and recommend policies and procedures to support an overall University strategy to manage the cost of income loss protection and risk financing. Develop and deliver education and training to cultivate a culture of risk awareness and appropriate mitigation activities. Lead and provide key inputs to enterprise risk or other committees overseeing the enterprise risk management process ensuring alignment with organizational objectives. Analyze policies procedures programs and projects for potential financial and operational effects on the University and provide recommendations and solutions to mitigate negative impacts. Budgeting and Reporting: Prepare and manage budgets for assigned indices. Other Duties: Other duties to be performed as assigned. University of the Pacific recognizes that diversity equity and inclusion is foundational to the success of our valued students and employees. We prioritize policy and decision-making that demonstrates awareness of and responsiveness to the ways socio-cultural forces related to race gender ability sexuality socio-economic status etc. impede or propel students faculty and staff.
Minimum Qualifications Education/Experience/Certifications: Bachelors degree. Ten (10) years of experience in the management and/or coordination of risk management and insurance programs and administering safety and health-related programs. Certification Requirements: Associate in Risk Management ( ARM ) Chartered Property Casualty Underwriter ( CPCU ) or Certified Risk Manager.
Preferred Qualifications Advanced knowledge of risk management insurance programs and the administration of safety and health-related programs. Positive attitude proven ability to work successfully with diverse populations and demonstrated commitment to promote and enhance diversity and inclusion Successful supervisory experience as evidenced by in-depth knowledge and understanding of staff supervision demonstrated success in effective leadership and the ability to promote teamwork and professional development.
Work Schedule Work performed during normal business hours. May be requested to work additional hours to meet business needs or deadlines.
Required Experience:
Director
Job Tags
Full time, Temporary work,