University of Notre Dame · 2 weeks ago
Insurance & Financial Risk Manager
Notre Dame, IN
Full-time
Onsite
Senior Level
7+ years expThe University of Notre Dame is committed to delivering impactful financial solutions and is seeking an experienced Insurance & Financial Risk Manager. This role involves providing strategic leadership in managing the University's insurance functions and mitigating financial risks associated with loss events.
EducationHigher EducationService Industry
Responsibilities
Provide primary strategic management over the insurance function, developing financial risk transfer strategies, policies, and protocols that aligns with the University’s operational, financial, and risk mitigation goals
Lead the comprehensive management of the University’s insurance portfolio. This includes evaluating whether financial risks are best managed through external transfer or internal mitigation strategies. When external transfer is warranted, propose and implement appropriate insurance structures, including coverage limits and retentions. Lead the review, negotiation, and procurement of individual insurance policies, including property, casualty, athletics, and international travel among others. Continuously assess the portfolio to identify coverage gaps, enhance contract language, and negotiate favorable terms, ensuring optimal financial risk protection, compliance, and stewardship
Identify current and emerging operational and enterprise level risks for the University, evaluating emerging trends and their potential impact, and advising campus and senior leadership on proposed financial risk mitigation strategies
Explore and implement alternative risk strategies as appropriate to mitigate or transfer financial risk. This role provides strategic direction and has operational responsibility over implementation and expansion of the University’s Self-Insurance Programs. Establish deductible and self-insurance levels, maintain adequate reserves to fund deductibles and self-insured losses, and manage the insurance and self-insurance budgets and claims, providing detailed reports to leadership
Serve as the primary subject matter expert in reviewing and negotiating insurance-related contract language, determining appropriate external insurance requirements for University contractors and service providers, and supporting and advising the Office of General Counsel and other campus constituents in the review of indemnification and insurance related provisions. Prepare waiver/release and indemnification agreements for campus operations and events as appropriate
Administer the property and casualty claim process, including preliminary incident investigations, validating claims, evaluating liability exposures, determining applicable coverage, and actively pursuing subrogation of claims against third parties, including the negotiation of settlements. Note that this position is not responsible for Workers Compensation or Athletics Injury claims management
Lead and convene teams across campus, serving as an expert in the areas of insurance and financial risk. Provide problem-solving recommendations and solutions that may cross many departments and functions throughout campus
Foster and maintain strong positive relationships with multiple insurance brokers, insurance companies, third-party administrators, and internal stakeholders and senior leaders across various University units, external constituents and peer universities
Maintain university-wide insurance schedules, background information, and comprehensive records to support the completion of insurance applications and reporting to carriers. Understand and explain complex insurance policy documents to senior management. Manage and oversee the risk and insurance management system (RMS) including data entry, upload, information verification, and report generation
Qualification
Required
Bachelor's Degree or equivalent experience; relevant industry certifications (ARM, CPCU, etc.) strongly preferred
7+ years of progressive commercial property and casualty insurance experience; experience working within higher education a plus
Demonstrated strategic leadership capabilities in comprehensive insurance management
Collaborative nature and eagerness to understand University practices, while comfortable suggesting and leading change
Ability to work independently, research issues, problem-solve, and propose implementable and innovative solutions to complex challenges
Proven ability to review, establish, and refine procedures and optimize efficiency
Excellent verbal and written communication skills
Aptitude for financial analysis and technical insurance requirements with high attention to detail
Proficient in Microsoft Office Suite – Experience with Riskonnect RMS system a plus
Preferred
7+ years preferred in the field, with a strong background in commercial property and casualty insurance
Company
University of Notre Dame
The University of Notre Dame is the premiere Catholic research university in the United States.
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
Matthew Nguyen
Co-Founder of Notre Dame Adult Education Alliance (Ad-Ed)
Mariette Quinn
Advisor to Chief Information Officer/VP of OIT
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