Risk Management Analyst
Employer
Job Location
Central Campus – Uptown/Elizabeth
Salary Grade
Benefits
Job Category
Application Period
Target Start Date
Expected Work Hours
Employment Type
Minimum Qualifications
Bachelor’s Degree from a regionally accredited institution and three (3) years’ experience in the following skills: Risk Management, Claims Management, Contract Management, Insurance, Project Management, Finance and Accounting. In-depth knowledge of Insurance Management principles, expertise in commercial law for contracts including areas of Indemnification, Limitation of Liability, Intellectual Property, warranty, etc. Independent review of contracts to assess risks and devise mitigation strategies.
Preferred Qualifications
Position Description
Applicants are encouraged to apply promptly, as this posting may be taken down before the listed closing date once adequate candidate interest has been reached.
2. Claims Management—Reviews and analyzes ARMS Report daily ensuring claims are identified and reported timely to insurance carriers. Monthly analysis of Loss Runs keeping abreast of issues for timely resolution of claims. Leads the quarterly Claims Reviews with Broker and underwriter. Monitors Employer Modification Rate (EMR) for compliance—not to exceed 1%. Provides input to HR for Workers’ Compensation Claims and follow up with Claims Administrator. Provides data to safety on claims involving safety issues.
3. Web Master for ERM – Assists in creating and monitoring the Enterprise Risk Management webpage for Insurance and Risk Compliance. Responsibilities include reviewing and creating processes supporting the various ERM functions. i.e. Student Accident Insurance, MRV Request, Property Insured Schedules, Professional Liability Dockets, etc.
4. Automobile Liability—Develops inventory of all autos to be covered/removed under Policy. Works with facilities, Controller and Foundation ensuring all vehicles are inventoried. Provides Insurance ID Cards through interfacing with Broker. Interfaces with Controller ensuring autos are included in All Assets Schedule. Provides safe keeping of titles.
a. Manages the Request for Use of College Automobile Process – MVRs- Receives, reviews request for accuracy, interfaces with requestor’s supervision, submit request to insurance carrier to validate three year driving history, receives response and notifies Facilities and supervisor
5. Certificates of Insurance – interfaces with internal and external customers determining appropriate limits and levels of coverage. Creates database for both issuance and receipts. Keeps current through daily monitoring of Policy Expiration Dates – Provides COI access to Procurement, Facilities, and Health Sciences.
6. Business Continuity and Emergency Management – Assists Enterprise Risk Management with Business Continuity and Emergency Management activities as needed including developing and documenting processes and procedures ensuring all risks are identified and mitigation plans are compliant.
7. Participates in meetings to broaden risk knowledge, attend seminars and training on risk to assist management in identifying, assessing and managing risks.
8. Other duties as assigned.