Please review the details for the position before applying for the opening. If you are an internal employee, please apply through the internal portal on Workday. Note that you will not be able to save your application once you begin, so please allow enough time to complete your application in its entirety.You should have your completed resume/cv and cover letter ready to upload. You should upload both documents on the third page (the required section is named resume/cv – this is also where you should upload your cover letter). These documents should either be in a PDF format (.pdf) or a Word document (.doc) format.
Job Posting Title
Job Description Summary
The Risk Manager will be responsible for the daily administration, record-keeping and oversight of insurance programs and policies across a broad range of loss types. This includes management of the relationships with third party service providers (brokers, insurers, TPAs etc.) management of claims and loss control activities, preparation of loss analyses and budgets, and ensuring compliance with insurance procedures and full utilization of loss prevention services. In addition, a significant part of the Risk Manager’s time will be spent working with the General Counsel in providing support to the compliance functions of other divisions and departments across the College. This will include collaborating in the development, implementation and maintenance of policies, procedures and training programs designed to minimize risk and ensure campus compliance with legal and regulatory requirements as well as ongoing management and oversight of particular compliance programs.
Primary Position Responsibilities
• Work with College leadership to identify exposures, recommend solutions and implement approved programs and to ensure proper, financially responsible insurance coverage for institutional losses. • Manage the purchase of appropriate levels of insurance policies and services for the College, including preparing insurance bid specifications and evaluating bids, and recommending or concluding insurance contracts; managing the renewal process of insurance programs. • Some insurance may be arranged and purchased through The Boston Consortium Risk Management Group (TBCRMG). Represent the College at the TBCRMG meetings and participate in TBCRMG activities and committees. • Prepare insurance budgets for the Vice President of Finance and Administration.
• Manage the relationships with third party service providers (brokers, insurers, state insurance administrators, etc.) and act as the primary liaison with those service providers. • Manage the daily administration, record-keeping and oversight of insurance programs and policies across a broad range of loss types. • Maintain current exposure records (property, auto, etc.) and support campus personnel who have requests for certificates of insurance. • Review insurance audits for accuracy.
• Manage insured and self-insured claims and loss control activities, including general liability, property, auto and employment practices liability. • Prepare loss analyses and budgets and ensure compliance with insurance procedures and full utilization of loss prevention services. • Maintain risk management claims data and ensure accuracy of information entered and review to identify loss trends. • Assist human resources and environmental health & safety with managing workers’ compensation claims as may be needed. • Assist human resources and student health services with managing employee or student health insurance claims as may be needed from time to time.
COMPLIANCE AND RISK MANAGEMENT INITIATIVES AND PROGRAMS
• Assist the General Counsel in providing support to the compliance functions and policy development initiatives of other divisions and departments across the College. • Collaborate on the development, implementation and maintenance of new or revised policies, procedures and training programs designed to minimize risk and ensure campus compliance with legal and regulatory requirements. • Ongoing management and oversight of particular compliance programs, such as the minors on campus and driver certification programs. • Assist with review of vendor contracts, including insurance and indemnification provisions. • Stay apprised of applicable statutes and their potential impact on the College’s compliance programs • Mine databases (risk management claims data, insurer claim databases, loss prevention reports and industry information, etc.) and interact with insurance company loss prevention representatives to determine and evaluate loss trends and make recommendations to mitigate risks. • Research and report on new risks and risk management strategies as may be needed.
Required Qualifications • BS/BA degree in Business, Finance, Insurance, Risk Management or related area • Three to five years full-time experience in planning or operations of risk management, property or casualty insurance programs or closely related experience • Demonstrated abilities in areas of organization, managerial and interpersonal skills • Knowledge of property and casualty insurance coverage and familiarity with insurance policies and loss prevention concepts • Knowledge of the principles and procedures for the investigation and processing of property and liability insurance claims • Experience in forecasting and analysis of risk metrics • Strong computer skills, including word processing, database and spreadsheets, with the ability to develop and maintain data tracking tools and systems • Strong oral and written communication skills, including the ability to develop and deliver presentations and the ability to present risk findings and make recommendations in a clear, concise manner
Preferred Qualifications • Professional certification in the field of Risk Management • Work experience in higher education • Background check required
Wellesley is known for the excellence of its education, the beauty of its setting, its gifted faculty, and the uniqueness of its campus culture. But most of all, Wellesley is known for the thousands of accomplished, thoughtful women it has sent out into the world for over 100 years women who are committed to making a difference. Every year, some 2,400 of the world's top undergraduate women are challenged to exceed their own highest personal and intellectual expectations. The mastery Wellesley graduates demonstrate across the professional and vocational spectrum, and the influence they wield, whether in their own communities or on the world stage is testament to a singularly empowering undergraduate experience. Wellesley's lively academic community places a high value on rigorous, probing inquiry, and creative, cross-discipline thinking. Its collaborative approach to scholarship encourages students to question, debate, and refine their points of view, not only with each other, but with our world-class faculty, often by working directly with them on groundbreaking projects. A Wellesley education fosters the highest standard of readiness for the real world in its graduates, in terms... of ability to think, act, and contribute meaningfully and effectively in their chosen areas of interest.
BACK TO TOP
The mission of the University Risk Management and Insurance Association is to advance the discipline of risk management
in higher education.