Washington University is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity or expression, national origin, genetic information, disability, or protected veteran status.
This position is full-time and works approximately 37.5 hours per week.
Department Name/Job Location:
This position is in the Department of Insurance. This position is for the North Danforth Campus.
The Director of Insurance & Risk Management is responsible for directing, implementing, and evaluating the University’s comprehensive insurance and risk management programs that protect the University against the risks inherent to the operations of the University. The programs include efforts to control losses due to physical assets (property), third party tort liability (general, auto, environmental, cyber, ERISA, employment practices, and other misc.), occupational injury (workers’ compensation), and international exposures including travel protection programs for employees and students.
PRIMARY DUTIES AND RESPONSIBILITIES:
Identify and analyze all exposures to loss to the University through physical inspections of properties, regular meetings with key management, participation on various committees, review of financial reports and trustee minutes, review of contract documents and agreements, review of loss reports, both in-house and provided by brokers and claim administrators. Stay current on new laws, regulations, new insurance products and insurance market trends.
Working with the Treasurer, determine best method for mitigating risks, whether it is through commercial insurance or self-insurance. Analyze need for insurance coverages, complete insurance applications, select policy retentions and limits, negotiate terms of coverage and price with brokers and insurance companies, and negotiate policy renewals. Investigate alternative risk financing methods.
Manage external vendor relationships such as agents/brokers, claims administrators, and loss control consultants. Review service agreements and guidelines, and write proposals and specifications for competitive bids for vendor services.
Provide guidance to and create solutions for the Office of General Counsel, Treasurer and Real Estate to find cost effective solutions for providing appropriate insurance coverage to meet the needs of the developer entities used in Off Campus Housing and other real estate developments.
Participate on International Travel Oversight Committee which advises the provost and makes policy recommendations on overseas travel conducted by students, faculty and staff of the University. Recommends and negotiates travel insurance for students and protection services for employees.
Work with offices of Emergency Management and Environmental Health and Safety and participate on Disaster Preparedness and Business Continuity Committee to review, develop and recommend appropriate policies and risk mitigation strategies.
Represent the University with the Treasurer through participation and leadership roles in a captive insurance company and risk retention group for general and auto liability coverages. In addition, participate in a local mutual association of non-profit universities in Missouri for group purchase of property insurance and a self-insured trust for workers’ compensation.
Oversee administration of the claims functions for property and casualty programs. Initiate and supervise investigation of losses, staff reports to appropriate TPA. Authorize settlements and pay for losses within retention limits of policies. Coordinate activities of claims personnel and legal counsel on University’s behalf. Analyze adequacy of loss reserves and loss trends. Work with actuary and TPA to determine appropriate reserves for workers’ compensation trust.
Partner with office of Environmental Health and Safety to provide loss control resources and coordinate efforts to provide cost effective and responsive programs. Oversee the workers’ compensation administrator in the accurate reporting and maintenance of the workers’ compensation data reporting required for the EH&S office and reported to OSHA.
Communicate risk management objectives, promote risk management programs and provide information regarding insurance coverages and claims to University officers, deans, department administrators, faculty, and staff. Manage the annual update of the insurance policy and coverage manual. Work with Treasurer to develop risk management reporting materials to be presented to the University Finance Committee of the Board of Trustees.
Perform other duties as assigned.
Bachelor’s degree required with seven - ten years of risk management work experience.
Master’s degree preferred with emphasis on risk management, loss control, or business administration.
Professional designations such as ARM or CPCU desirable.
The Director must have the highest ethical standards due to the sensitive and confidential data they must review.
Excellent managerial, analytical and communication skills.
Critical that they can see the big picture but also have a strong attention to detail.
Work effectively with groups and individuals representing all levels of the University.
Strong ability to communicate and negotiate effectively both orally and in writing.
Base pay commensurate with experience.
All external candidates receiving an offer for employment will be required to submit to pre-employment screening for this position. Current employees applying for a new position within the university may be subject to this requirement. The screenings will include a criminal background check and, as applicable for the position, other background checks, drug screen, employment and education or licensure/certification verification, physical examination, certain vaccinations and/or governmental registry checks. All offers are contingent upon successful completion of required screening.
Must have ability to travel to on and off campus locations.
Must be able to travel to attend various insurance meetings domestically and internationally.
Internal Applicant Instruction:
Please attach a copy of your most current signed performance evaluation (completed within the last 18 months) to your online account. If you have not received a performance evaluation, you may provide two current signed letters of recommendation (written within the last 18 months), preferably to include one letter from either a current or recent former supervisor. To attach these documents, go to: My Career Tools, Add Attachment, Attachment Type – Performance Reviews or Letters of Recommendation.
Washington University in St. Louis, a medium-sized, independent university, is dedicated to challenging its faculty and students alike to seek new knowledge and greater understanding of an ever-changing, multicultural world. The University offers more than 90 programs and almost 1,500 courses leading to bachelor's, master's and doctoral degrees in a broad spectrum of traditional and interdisciplinary fields, with additional opportunities for minor concentrations and individualized programs. The faculty is composed of scholars, scientists, artists and members of the learned professions. They serve society by teaching; by adding to the store of human art, creativity, understanding, and wisdom; and by providing direct services, such as health care.