The Senior Director, Risk and Insurance Management (RIM) is part of Vanderbilt University Finance and is a key leader responsible for the development and implementation of the insurance and risk management programs, including the development of goals, objectives, policies and procedures for the department. This position supervises and coordinates all activities of the department, including risk identification, evaluation, prevention and assessment; risk financing and transfer via insurance; and claims management. Reporting directly to the Chief of Staff - VU Finance, the Senior Director advises departments across campus regarding a variety of risk management and insurance matters. In collaboration with the university's General Counsel and Procurement departments, advises departments on contract language to ensure insurance considerations are adequate.
This position will have responsibility for managing all university risk financing arrangements (insurance and self-insurance) for the university. This will involve coordinating a comprehensive insurance program and the development, implementation, and delivery of risk management programs to ensure consistent direction, policy, and procedures for a broad range of risk exposures. This position supports the university's widely distributed risk owners, providing leadership and advisory services on risk mitigation and loss prevention for faculty, staff and students across the campus. The Senior Director works collaboratively with General Counsel, Workplace Safety, Audit, Risk & Compliance, Facilities, and a broad range of university personnel.
Duties and Responsibilities
The role will ensures effective operations of the department through program development, process improvement, and coordination/integration of processes with other departments.
Define and achieve financial targets in support of business goals of the institution including maintaining operating and insurance budgets.
Directs, oversees, and manages claims against the university for self-insured risks.
Coordinates with our General Counsel on pertinent litigation claims and place the insurance companies on formal notice when legal claims arise.
Monitors expenditures from departmental budgets, self-insurance, and insurance policies to identify trends, evaluate variances, and measure success and areas for improvement.
Ensures departmental involvement in institutional committees and projects to reduce risk and improve safety of employees, students, and visitors.
Oversee Protection of Minors policy administration and the implementation of procedures and processes to safeguard minors participating in programs and on campus.
Profile of an Ideal Candidate
Bachelor's Degree, plus 5 - 7 years of experience in risk management, insurance, legal, and business management OR 10+ years of experience in risk management, insurance, legal, and business management.
Advanced degree or applicable professional designation in insurance and risk management is preferred (e.g. ARM, CPCU, CRM, CRMA).
Ability to devise risk mitigation, risk transfer, and insurance strategies to protect university assets and personnel is required.
Strategic leadership capable of developing and implementing overall strategic direction as well as change management strategies, including process improvement, establishing SOPs and documenting policies and procedures is required.
Strong quantitative, analytical, and financial management skills is required.
Evidence of successfully manage multiple priorities and meet deadlines is required.
Evidence of outstanding fiscal responsibility and budget management is required.
Evidence of outstanding organizational and communication skills is required.
About Vanderbilt Benefits
In addition to offering a lively community that encourages learning and celebrates diversity, Vanderbilt University offers a competitive, flexible benefits package including health, dental, vision, life, accidental death & dismemberment, disability insurance, paid time off, and a 403(b) retirement plan with employer match. Vanderbilt offers tuition assistance to employees, spouses and dependent children. Also, after five years of service, Vanderbilt will pay up to 55% of the tuition for up to three dependent children to earn a bachelor's degree. Learn more about Vanderbilt's benefits at VU Benefits Overview.
About Vanderbilt University
Vanderbilt University, located in Nashville, Tennessee, is a top-15 private research university offering a full range of undergraduate, graduate and professional degrees. Vanderbilt is situated on a 330-acre campus near the thriving city center, serving more than 12,000 students and employing almost 7,000 faculty and staff. The university's students, staff, and faculty frequently cite Nashville and the surrounding area as one of the many perks of being a part of the Vanderbilt community. Vanderbilt University is a place where your expertise will be valued, your knowledge expanded, and your abilities challenged. It is a place where your diversity is sought and celebrated. Vanderbilt was recently named as one of "America's Best Large Employers" and the top employer in Tennessee and the Nashville metropolitan area in 2019 (Forbes).
Commitment to Equity, Diversity and Inclusion
Vanderbilt University is committed to achieving the goal of a diverse and inclusive academic community of faculty, staff, and students. We seek individuals who are committed to this goal and our campus values.
Internal Number: 1901512
About Vanderbilt University
Vanderbilt University is a center for scholarly research, informed and creative teaching, and service to the community and society at large. Vanderbilt will uphold the highest standards and be a leader in the quest for new knowledge through scholarship, the dissemination of knowledge through teaching and outreach, and the creative experimentation of ideas and concepts. In pursuit of these goals, Vanderbilt values most highly intellectual freedom that supports open inquiry, equality, compassion, and excellence in all endeavors.