University of Chicago · 3 months ago
Executive Director, Risk Management
Chicago, IL
Full-time
Hybrid
Director/Executive
$149K/yr - $192K/yr
10+ years expThe University of Chicago is a prestigious institution seeking an Executive Director of Risk Management to provide leadership in managing the University's insurance programs. This role involves directing insurance strategies to protect assets while minimizing risks, and overseeing compliance with federal and state requirements related to claims management.
Higher Education
Responsibilities
Directs the University's insurance programs in order to maximize protection of assets at the most economical rate and minimize effects of fortuitous loss
Manages employees through subordinates, usually senior managers. Establishes performance goals, allocates resources and assesses policies for direct subordinates
Reports annually to the University Board of Trustees regarding University insurance programs
Manages the claims associated with Workers Compensation, in coordination with Human Resources
Works closely with the Executive Director of Compliance and Internal Audit on establishing a framework for University Enterprise Risk Management
Works directly with the University of Chicago Medical Center to support their risk management needs
Maintains sufficient reserves to pay known and incurred claims
Coordinates 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
Directs the claims management process of workers’ compensation and ensures compliance with federal and state requirements
Manages claims reporting for the University and timing submission of claims reporting to the insurance carriers
Conducts analyses on the risk program to create a financially efficient insurance program while maximizing risk coverage
Participates on University committees as assigned
Participates in the operational response to emergency or crisis situations, including travel, facilities, pandemic, weather and cyber, among others
Develops and directs 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. Manages the analysis and reporting of risk management strategies to ensure compliance with University objectives
Oversees the negotiation of contract insurance requirements as necessary
Performs other related work as needed
Qualification
Required
Minimum requirements include a college or university degree in related field
Minimum requirements include knowledge and skills developed through 10+ years of work experience in a related job discipline
Resume/CV (required)
Cover Letter (required)
References Contact Information (3)(required)
Preferred
Bachelors degree in risk management, economics, finance or related field
MBA or other advanced degree
Background in the higher education industry highly preferred
Understanding of healthcare-specific insurance highly preferred
ARM, CRM, CPCU or other professional designations
Personal computer skills with knowledge of Word, Excel, PowerPoint, and Access
Understand insurance markets and knowledge of property and casualty insurance products, insurance program design and alternative risk transfer techniques
Understand and interpret contracts and insurance policies
Knowledge of statistical and capital budgeting techniques and general accounting principles
Conduct financial analyses related to evaluating risk coverage and financial cost, including captive management
Basic working knowledge of property and liability loss prevention
General understanding of safety practices
Project management skills
Mathematical and analytical ability
General understanding of higher education and healthcare compliance and regulatory environment
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
Recognize risk issues in complex, ambiguous activities and relationships
Effective written and oral communication skills
Organizational and interpersonal skills supported by a strong attention to detail
Strong negotiating skills
Demonstrated enthusiasm and motivation, with the capacity to learn to build on skills
Benefits
The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off.
Company
University of Chicago
One of the world’s great intellectual destinations, the University of Chicago empowers scholars and students to ask tough questions, cross disciplinary boundaries, and challenge conventional thinking to enrich human life around the globe.
10001+ employees
H1B Sponsorship
University of Chicago has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
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Trends of Total Sponsorships
2025 (341)
2024 (318)
2023 (285)
2022 (233)
2021 (179)
2020 (172)
Funding
Current Stage
Late StageLeadership Team
Benedicte Nolens
Distinguished Executive in Residence
Recent News
2025-11-08
San Gabriel Valley Tribune
2025-10-23
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