The Assistant Vice President, Risk Management and Resilience Planning provides leadership and direction through senior managers to identify, evaluate and plan strategies for the University's insurance programs in order to maximize protection of assets at the most economical rates and minimize effects of fortuitous loss. This role leads resilience planning across the University in order to anticipate potential threats, to cope effectively with adverse events, and to adapt to changing conditions. This position reports to the Vice President and Chief Financial Officer for the risk management and insurance portfolio and to the Executive Vice President and Chief of Staff in the Office of the President for the resilience planning portfolio.Â
Risk Management and Insurance
Direct the University's insurance programs in order to maximize protection of assets at the most economical rate and minimize effects of fortuitous loss.
Manage employees through subordinates, usually senior managers; establishes performance goals, allocates resources and assesses policies for direct subordinates.
Develop and direct risk management strategies and policies which identify, assess and mitigate the impact of risks originating from or impacting the University's portfolio of activities/interests; manage the analysis and reporting of risk management strategies to ensure compliance with University objectives.
Oversee the negotiation of contract insurance requirements as necessary.
Report annually to the University Board of Trustees regarding University insurance programs
Manage the claims associated with Workers Compensation, in coordination with the Associate Vice President of Human Resources for the University.
Work closely with and support the Executive Director of Compliance and Internal Audit on implementing the University Enterprise Risk Management framework.
Work directly with the University of Chicago Medical Center to support their risk management needs.
Maintain sufficient reserves to pay known and incurred claims.
Coordinate safety and loss prevention services, especially those provided by insurance companies, with those provided by the Office of Environmental Health and Safety and other units.Â
Direct the claims management process of workersâ™ compensation and ensure compliance with federal and state requirements.
Work across departments to maximize opportunity and minimize the impact of unforeseen events.
Lead, influence, and enlist University stakeholders, including the Universityâ™s Board of Trustees, in the Universityâ™s resilience strategy and in developing the capabilities and functions that are necessary to deal with unexpected events that have a material impact on University operations and strategic priorities.Â
Understand the community and environment to establish and maintain strong engagement from key stakeholders for planning regarding University response to major, unforeseen events.
Represent the University in internal and external forums in order to share information, ideas, best practices, and more effectively develop innovative solutions.
Engage key partners in an ongoing way to drive resilience planning and embed resiliency planning in decision making across the University.
Work closely with colleagues in the Office of University Communications to ensure effective communications strategies related to resilience planning and in response to major unforeseen events.
Coordinate cross-departmental collaborations to effectively manage unforeseen events.
Identify and observe potential threats to proactively anticipate potential events.
Conduct retrospective assessment to develop adaptive strategies post-event.
Participate on University committees as assigned.
Serve as a member of the senior teams in the Office of the VP/CFO and the Office of the EVP/Chief of Staff
Performs other related work as needed.
Work successfully with the University community of faculty, students and staff and with external organizations such as the University's insurance brokers, outside legal counsel, claims administrators and actuaries.
Manage multiple streams of work and multiple relationships in an effective and efficient manner.
Recognize risk issues in complex, ambiguous activities and relationships.
Understanding of insurance markets and knowledge of property and casualty insurance products, insurance program design and alternative risk transfer techniques required.
Understand and interpret contracts and insurance policies.
Knowledge of statistical and capital budgeting techniques and general accounting principles.
Basic working knowledge of property and liability loss prevention.
General understanding of safety practices.
Effective written and oral communication skills
Project management skills.
Mathematical and analytical ability.
Organizational and interpersonal skills supported by a strong attention to detail required.
Strong negotiating skills required.
General understanding of higher education and healthcare compliance and regulatory environment.
Demonstrated enthusiasm and motivation, with the capacity to learn to build on skills.
Requires ability to travel across campus multiple times.
Requires agility to traverse through buildings damaged by fire, windstorm, etc. and access non-public building spaces including attics, basements, mechanical rooms, steam tunnels.
Availability to respond to emergencies 24 hours-a-day, 7 days per week required.
Education, Experience, and Certifications:
Minimum requirements include a college or university degree in related field.
Bachelorâ™s degree in risk management, economics, finance or related field preferred.
MBA or other advanced degree preferred.
Minimum requirements include knowledge and skills developed through 10+ years of work experience in a related job discipline.
Experience working in or advising higher education industry highly preferred.
Experience with healthcare specific insurance highly preferred.
Licenses and Certifications
ARM, CRM, CPCU or other professional designations preferred.
Reference Contact Information (3)
When applying, all required documents MUST be uploaded under the Resume/CV section of the application.
The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, status as an individual with a disability, protected veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.
Staff Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via the Applicant Inquiry Form.
The University of Chicago's Annual Security & Fire Safety Report (Report) provides information about University offices and programs that provide safety support, crime and fire statistics, emergency response and communications plans, and other policies and information. The Report can be accessed online at: securityreport.uchicago.edu. Paper copies of the Report are available, upon request, from the University of Chicago Police Department, 850 E. 61st Street, Chicago, IL 60637.
Internal Number: JR08712
About University of Chicago (UC)
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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.