Director Self Insurance Operations

Director Of Self Insurance Operations

At Banner Health, caring is at the heart of everything we do. Guided by our mission to "make health care easier, so life can be better" we strive to foster well-being in the workplace and our communities. We are honored to have earned Great Place To Work Certification for a third year in a row. Great Place To Work certification is the definitive "employer of choice" recognition. This globally recognized benchmark celebrates organizations that deliver an exceptional employee experience.

At Banner Health, one of the largest nonprofit health systems in the United States, the Risk Finance & Operations department plays a critical role in protecting the organization's financial strength and operational resilience. This team is responsible for the end-to-end financial strategy and oversight of Banner's enterprise-wide risk exposures, spanning professional liability, general liability, property, workers' compensation, auto, cyber, and beyond. From structuring and managing complex insurance programs to overseeing self-insurance and captive insurance entities, the department ensures Banner is strategically positioned to retain, transfer, and finance risk in the most effective way possible. The team conducts actuarial analysis and loss forecasting, manages risk financing vehicles such as letters of credit and surety bonds, and collaborates closely with Finance and Treasury on risk related financial reporting. With a sophisticated risk management information system at its core, the department delivers powerful claims and insurance data analytics, including loss trends, claim performance, exposure analysis, and benchmarking that drive informed decision making across the organization.

As the Director of Self Insurance Operations, no two days look exactly alike. You might begin your morning reviewing regulatory filings or reserving data across Banner's multi-state self-insurance programs in Arizona, Colorado, Ohio, Wyoming, and Washington, then transition into collaborating with recruiting, credentialing, and medical staff services teams to evaluate physician candidates through the professional liability eligibility program. Midday could bring preparation of board materials for the captive insurance company or advising senior leadership on risk transfer strategy, balancing the nuances of risk retention versus risk assumption. Afternoons might involve overseeing underwriting activities, coordinating with external actuaries and captive managers, or leading cross-functional working groups to drive operational excellence across the enterprise. This is a role for a strategic thinker and collaborative leader who is passionate about supporting Banner Health's mission to make health care easier, so life can be better.

Schedule is generally Monday - Friday 8am - 5pm AZ Time

Your pay and benefits are important components of your journey at Banner Health. This opportunity includes the option to participate in a variety of health, financial, and security benefits. In addition, this position may be eligible for our Management Incentive Program as part of your Total Rewards package.

This position provides strategic leadership and executive oversight for Banner Health's enterprise-wide self-insurance programs, including Banner Indemnity, Ltd. (BIL) captive insurance company. Partnering with the Risk Finance Senior Director, this role is accountable for developing, implementing, and optimizing comprehensive risk financing strategies that directly impact Banner Health's financial performance and organizational risk exposure across all facilities and multiple state jurisdictions. This role serves as a subject matter expert and strategic architect for all aspects of risk mitigation, evaluation, risk transfer, and risk financing programs. This position designs and executes innovative self-insurance solutions, develops captive insurance policies and endorsements, and ensures regulatory compliance across complex multi-state requirements (AZ, CO, WY, WA, and expanding markets) for workers compensation, auto liability, and other self-insured programs. With enterprise-wide accountability, this position maintains self-insurance program continuity, drives operational excellence, and identifies strategic process improvements that enhance organizational performance outcomes.

Core functions include:

• Providing strategic leadership and direction for the self-insurance/captive management function and team by recruiting, developing, and retaining top talent through comprehensive hiring, training, performance management, and workflow optimization.
• Developing and executing enterprise-wide self-insurance strategy aligned with Banner Health's overall risk management objectives and financial goals, with direct impact on organizational liability exposure across all facilities.
• Reviewing and responding to financial responsibility statutes applicable to hospitals and other entities governed by the states where Banner Health is self-insured.
• Developing and implementing a comprehensive underwriting program including but not limited to policies, processes and procedures.
• Serving as primary subject matter expert and strategic advisor to senior leadership and captive board on all self-insurance matters.
• Establishing and defining strategic processes and frameworks for self-insurance operations across the organization.
• Designing, implementing, and continuously innovating comprehensive risk assessment programs, including the physician eligibility program ensuring consistent and comprehensive evaluation of physician candidates for professional liability and malpractice risk.

Minimum qualifications include:

• A Bachelor's degree in Healthcare, Legal Studies, Business or a related field and 7-10 years of experience in risk management.
• Excellent working knowledge of PCs and software, including word-processing, spreadsheet, query/report writing and presentation applications.
• Strong organizational, critical thinking, problem solving skills as well as effective interpersonal skills and attention to details.

Preferred qualifications include:

• A Master's degree in Business or Insurance.
• CPCU, CPHRM (Certified Professional Healthcare of Risk Managers) or ARM (Associate of Risk Management) designation.
• Additional related education and/or experience.