Manager – Property and Casualty

Department

F&A Risk Management

About the Department

The University of Chicago Office of Management (Risk Management) is committed to providing a safe educational, work and research environment. Our mission is to encourage and support practices that mitigate the risk of adverse events that affect people, property and the mission of the University of Chicago by:

• Managing the University’s insurance and self-insurance program
• Overseeing related claims
• Advising and consulting units regarding methods to control the risk of loss to the University
• Providing oversight for youth-serving programs

We provide many services to the University of Chicago, Biological Sciences Divisions and University of Chicago Medical Center communities. Services include consultations, training, loss prevention surveys and guidance, and insurance procurement and management.

Job Summary

The Assistant Director of Risk Management will lead the management of the University's insurance and self-insurance programs for renewals and related processes, providing general risk management support to various internal stakeholders across the University. This position works independently 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.

Responsibilities

• Manages the University's commercial and self-insurance programs procurement and related processes for renewal.
• Works with Executive Director to develop annual insurance strategy and budgets.
• Ensures processes in place for proper reporting of claims to insurance companies.
• Reviews and negotiates University contracts to ensure proper insurance and indemnification provisions.
• Provides consultation on contractual insurance requirements to campus community.
• Develops processes to ensure departments and units are in compliance with established policy for vendor compliance with required insurance coverages and limits.
• Drafts and implements written policy and procedures on departmental operations, reporting of claims, law suits and day-to-day operations.
• Assembles, tracks and maintains statement of values for buildings and satellite properties.
• Assembles, tracks and maintains active vehicle list.  
• Serves as a consultant to units, providing general risk management advice and analysis.
• Builds strong relationships and works collaboratively with campus stakeholders to identify unaddressed areas of risk.
• Participates and provides support for University committees as needed.
• Works with insurance brokers assembling certificates of insurance for distribution to campus stakeholders.
• Works in partnership with direct insurers and brokers to ensure timely completion and submission of annual renewal applications.
• Maintains relationship with direct insurers and brokers.
• Leads campus tours with insurers.
• Completes insurance policy summaries.
• Partners with Executive Director to develop insurance budget management and premium payments.
• Manages insurance invoices, reviews charges and submits to Executive director for final review and approval. 
• Manages annual insurance recharge process.
• Reviews renewal proposals submitted by brokers and direct writers of insurance.
• Reviews insurance policies for accuracy.
• Requests and tracks correction endorsements.
• Maintains updated schedule of insurance.          
• Maintains reports as needed.
• Performs specialized analysis 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.
• Prepares insurance renewal strategy plan, including goals and expected outcomes. Independently reviews insurance programs for effectiveness of coverage and to reduce insurance costs and losses. Prepares insurance specifications, receives and reviews insurance proposals, performs cost analyses and recommends insurance purchases. Reviews insurance policies for accuracy and follows-up for corrections. Implements procedures for reporting changes and claims to insurers that are compliant with insurance policy requirements. Monitors insurance company financial strength on current and expired insurance to identify possible failures and manage claims against insolvent insurers.
• Performs other related work as needed.

Minimum Qualifications

Education:

Minimum requirements include a college or university degree in related field.

Work Experience:

Minimum requirements include knowledge and skills developed through 5-7 years of work experience in a related job discipline.

Certifications:

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Preferred Qualifications

Education:

• Bachelor’s degree.

Experience:

• Background working for an insurance broker, higher education institution, or internal risk management department. 
• Skilled with placement healthcare coverages.

Certifications:

• Designations or certificates (CPCU, ARM, etc.) in insurance or risk management.

Technical Skills or Knowledge:

• Read, analyze and understand insurance policies, claims documents and contracts.  
• Strong understanding of financial risk transfer and basic understanding of actuarial modeling. 
• General understanding of contract and corporate law, loss prevention and claims management philosophies.

Preferred Competencies

• Attentive to details. 
• Understand and identify risks.
• Handle multiple projects at one time. 
• Strong fundamentals in finance and a technical ability to understand complex, non-traditional insurance policies.
• Effectively communicate with a variety of campus stakeholders. 
• Enthusiasm for working in a decentralized and complex University environment. 
• Demonstrated motivation and energy. 
• Traverse through congested areas such as mechanical rooms, steam tunnels, and buildings damaged by water, fire or other hazards. 
• Aware of safety hazards and take appropriate precautions. 
• Exercise absolute discretion regarding confidential matters.
• Handle sensitive matters with tact and discretion. 
• Handle stressful situations. 
• Maintain a high level of alertness. 
• Attention to detail. 
• Perform multiple tasks simultaneously. 
• Prioritize and meet deadlines. 
• Work independently. 
• Critical thinking skills. 
• Negotiation skills. 
• Quantitative and analytical skills.
• Strong oral and written communication skills.

Working Conditions

• Hybrid work schedule with on-site attendance during active renewal cycle January - June, annually.  
• Some evening/weekend work.
• Flexibility to be on-call 24/7 to respond to campus emergencies.

Application Documents

• Resume/CV (required)
• Cover Letter (required)
• Three Professional References Contact Information (required)

Job Family

Financial Management

Role Impact

Individual Contributor

Scheduled Weekly Hours

37.5

Drug Test Required

No

Health Screen Required

No

Motor Vehicle Record Inquiry Required

No

Pay Rate Type

Salary

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FLSA Status

Exempt

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Pay Range

$79,840.00 - $103,000.00

The included pay rate or range represents the University’s good faith estimate of the possible compensation offer for this role at the time of posting.

Benefits Eligible

Yes

The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the Benefits Guidebook.

Posting Statement

The University of Chicago is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form.

All offers of employment are contingent upon a background check that includes a review of conviction history.A conviction does not automatically preclude University employment.Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position.

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: http://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.