Rutgers, The State University of New Jersey, is seeking an Assistant Director, Department of Risk Management and Insurance, Contracts Specialist for The Department of Risk Management & Insurance.
In this important role, the insurance and risk management professional reports to the Executive Director of Risk Management and Insurance. The Assistant Director's primary role is to protect the reputation and financial interests of the university by providing review, analysis and recommendations regarding the insurance, liability and indemnification clauses of various university-related contracts and agreements.
This individual will also work independently at managing various risk management and insurance initiatives, as outlined and delegated by the Executive Director, and may assume specific responsibilities in the areas of property and casualty insurance, loss prevention and safety, and management of self-insured claims. The Assistant Director is also responsible for the implementation of Department objectives via collaboration with individuals, in all divisions of the university, with respect to compliance with university policies and procedures relating to the application of sound risk management principles. This position also ensures the ongoing operations of the Department during the Executive Director’s absence.
Duties and Responsibilities:
Reviews the adequacy and appropriateness of the insurance, liability and indemnification clauses in various contracts relating to: clinical affiliation agreements, research licensing and trademark agreements, corporate sponsorships, lease agreements, purchase agreements.
Develops and negotiates alternative contract wording to best serve and protect the university’s interests.
Reviews various property and casualty policies and advises regarding coverage determinations.
Assists in the provision of informed consent waivers to various departments and individuals with respect to the broad range of activities undertaken at the university.
Review and issuance of incoming and outgoing Certificates of Insurance.
Assists in the procurement and management of various lines of insurance coverage.
Is responsible for the review and dissemination of insurer’s engineering and loss prevention recommendations applicable to all campus buildings, and boiler inspection reports to university Facilities Directors, as well as following up to ensure compliance.
Coordinates loss prevention safety programs and works with various university departments, including Emergency Management Services, in developing and maintaining disaster recovery programs.
Assists in the oversight and management of university property claims, both self-insured and insured.
With Environmental Health & Safety and the Office of Protection of Minors, assists in the management of minors and volunteers participating at various university laboratories and facilities.
Provides risk management guidance and technical expertise to various university departments and organizations, assuring safe and responsible conduct and activities.
This individual will have the occasion to communicate, on a daily basis, with department administrators, faculty, staff employees and students, as well as outside legal or insurance professionals and suppliers of goods and services to the university. The occasion will arise where this individual will also communicate directly with outside users of university facilities and representatives of corporations in connection with technology and trademark licensing agreements.
To ensure continued success in achieving the Department's mission of providing risk management and insurance-related services to all facets of the university community, this individual will possess the ability to take control of situations and direct and coordinate efforts to expedite a return to normal operations.
Accordingly, this individual must, at all times, reflect a courteous and professional attitude as well as being able to deal effectively, but with compassion and understanding, with individuals or departments regarding risk management and insurance matters.
This individual will have the authority to modify the university’s standard contractual boiler plate insurance and indemnification requirements, as necessary, to ensure levels of coverage commensurate with the risks involved.
This individual will have the authority to craft and issue informed consent waivers with respect to various university activities.
This individual will be responsible for and have authority to negotiate property claim settlements, execute releases and distribute claim proceeds to university departments which sustained losses. This individual will have the authority to deny reimbursement of damages for claims that are outside the scope of any self-insured or commercially insured program.
This individual will review and authorize disbursement of funds to outside vendors of specialty services in connection with property restoration. This individual will review and authorize disbursement of funds in settlement of insurance premium charges.
This individual is responsible for the effective on-going office operations in the absence of the Executive Director.
The typical problems encountered with this position general arise from:
Development of alternative insurance and indemnification provisions, which are acceptable to potential license and suppliers of goods and services, to achieve the university’s goal of maximum risk transfer and minimal assumption of risk.
A lack of understanding by non-insurance colleagues as to the purpose of insurance, as well as an unfamiliarity with policy terms, conditions and exclusions governing the contractual transfer of risk. To overcome these problems, this individual must be able to provide on-the-spot guidance and direction to ensure appropriate compliance.
An exceptional difficulty may be encountered from storms or other natural calamities which require individual site inspections, consolidation of damage assessments, the coordination of restoration efforts and obtaining documentation in support of claims involving multiple campus locations and numerous university departments.
Effective management supervision, together with expert guidance, technical advice and assistance to Risk Management personnel will maximize the Department’s servicing of its client base.
Ensuring that all university contracts have appropriate indemnification and insurance provisions will achieve the goals of maximizing risk transfer, minimizing assumption or risk and protection of the university’s financial interests.
Timely management of incoming and outgoing Certificates of Insurance
Prompt response to property losses, control of restoration efforts and timely review and submission of claims documents results in an expedient return to normal operations, thereby minimizing the financial impact of a loss.
Minimum Education and Experience:
A Bachelor’s Degree or extended professional, corporate, higher education, industrial, insurance company or brokerage experience in a risk management or insurance environment.
A minimum of 5 years of progressive administrative risk management and insurance experience.
Required Knowledge, Skills, and Abilities:
The ability to interact successfully with a broad spectrum of executive, academic and staff personnel. A demonstrated ability to effectively support risk management functions, as well as being able to provide the necessary development, planning and evaluation of various risk management and insurance programs is essential.
The candidate must have a working knowledge of coverage afforded under commercial general and professional liability insurance and how coverage relates to various insurance and indemnity provisions of contracts. Additionally, the candidate must possess excellent communication skills, both written and oral, in order to articulate positions on complex insurance and indemnity issues. The candidate must be able to prepare certificates of insurance that meet the contractual requirements of various types of contracts such as affiliation agreements, grants, leases, research and technology transfer agreements.
Rutgers, The State University of New Jersey, is a leading national public research university and the state's preeminent, comprehensive public institution of higher education. Rutgers is dedicated to teaching that meets the highest standards of excellence; to conducting research that breaks new ground; and to turning knowledge into solutions for local, national, and global communities. As it was ...at our founding in 1766, the heart of our mission is preparing students to become productive members of society and good citizens of the world. Rutgers teaches across the full educational spectrum: preschool to precollege; undergraduate to graduate and postdoctoral; and continuing education for professional and personal advancement. Rutgers is New Jersey's land-grant institution and one of the nation's foremost research universities, and as such, we educate, make discoveries, serve as an engine of economic growth, and generate ideas for improving people's lives.
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The mission of the University Risk Management and Insurance Association is to advance the discipline of risk management
in higher education.