Risk Management Analyst
Job no: 499674
College / VP Area: Strategic Budget & Finance
Work type: Staff
Categories: Legal & Compliance, Full Time
PAY GRADE: 30E
CONTEXT OF THE POSITION:
The Office of the Vice President for Finance and Deputy Treasurer is responsible for all aspects of University finances, including treasury services, accounting, taxation, financial planning and reporting, financial performance, risk management, financial controls, procurement services and financial information systems, and payroll disbursement.
Under the direction of the Director of Risk Management (DRM), the Risk Management Analyst (RMA) works to preserve University of Delaware (UD) assets through the minimization of institutional losses and exposures. The RMA works with the DRM to effect activity and outcomes concerning all Property/Casualty, Athletic Accident, Student Health Insurance Programs, Travel Duty of Care and other assigned functions at UD. The RMA requires high level of professionalism, judgment along with emphasis on financial and administrative acumen while assisting the DRM in all aspects of Risk Management at the University.
- Monitor and evaluate UD’s, and insured affiliates, property, casualty, environmental, fiduciary, and special risk insurance programs with respect to existing and evolving exposures and associated costs.
- Utilize program/policy exposure and premium data to assist with development and application of departmental exposure/cost allocation.
- Assist the DRM with providing guidance to various UD departments concerning compliance and improvement of existing Risk Management policies.
- Engage with University's Brokers and Third-Party Administrators (TPA’s) and insurance carrier underwriters.
- Assist the DRM with implementation and compliance with internal and external Risk Management policies and procedures and assist with the administration of Student Health Insurance Program (SHIP) and Travel Duty of Care program management.
- Facilitate guidance to various UD departments concerning compliance and improvement of existing Risk Management policies by fielding questions and visiting departments for on-site consultations and/or inspections.
- Support coordination of contract review with respect to insurance and indemnity language and claims settlement Releases.
- Respond to inquiries from employees, students, business affiliates and the general public regarding UD Risk Management policies.
- Facilitate annual property insurance inspections with UD personnel, insurance brokers, insurance carrier loss control and underwriting personnel.
- Respond to Certificate of Insurance (COI) requests from various internal/external department and agencies affiliated with UD; confirm various UD insurance requirements.
- Partner with Environmental Health and Safety (EHS) concerning the investigation and resolution of incidents, occurrences and potentially hazardous conditions.
- Field questions/concerns and assists the DRM with the coordination of the Travel Duty of Care (TDOC) Program.
- Maintain claims database and prepare monthly management reports summarizing all claims and current status.
- Collaborate with the Director and Office of General Counsel (OGC) as necessary.
- Maintenance of the claims database and prepare routine management reports summarizing all claims and status.
- Support the DRM regarding investigations, claims review, and settlement process with University’s OGC, TPA and State of Delaware; review policy and claim documents and work with the DRM and University stakeholders to resolve claims.
- Assist the DRM with all other aspects of the Institutions Risk Management program.
- Perform other job-related duties as assigned.
- Bachelor's degree and three years of related experience, or equivalent combination of education and experience.
- Insurance or Risk Management experience.
- Experience with data and statistical analysis.
- Proficiency with Microsoft Office programs, e.g., spreadsheet, database, and presentation software.
- Effective communication and interpersonal skills.
- Ability to handle confidential information appropriately and to use tact, discretion and good judgement.
- Demonstrates an understanding and consideration of the differing needs and concerns of individuals with varying identities, cultures and backgrounds.
- Committed to fostering a workplace culture of belonging, where diversity is celebrated and equity is a core value.
Notice of Non-Discrimination, Equal Opportunity and Affirmative Action
The University of Delaware does not discriminate against any person on the basis of race, color, national origin, sex, gender identity or expression, sexual orientation, genetic information, marital status, disability, religion, age, veteran status or any other characteristic protected by applicable law in its employment, educational programs and activities, admissions policies, and scholarship and loan programs as required by Title IX of the Educational Amendments of 1972, the Americans with Disabilities Act of 1990, Section 504 of the Rehabilitation Act of 1973, Title VII of the Civil Rights Act of 1964, and other applicable statutes and University policies. The University of Delaware also prohibits unlawful harassment including sexual harassment and sexual violence.
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