Director of Risk Management ($140,000 - $180,000 salary)

Director of Risk Management ($140,000 - $180,000 salary) Director of Risk Management ($140,000 - $180,000 salary) Get AI-powered advice on this job and more exclusive features. This range is provided by Korn Ferry. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more. Base pay range $140,000.00/yr - $180,000.00/yr Description The Director of Risk Management Services will plan, coordinate and manage the risk management programs and services offered by our client which include workers’ compensation self-insurance fund and the property and liability programs. Duties include: Directs and administers the risk management programs for the pooled insurance funds. Develops strategies, controls and measures to monitor and mitigate risk exposures. Heads the development and implementation of risk management programs along with related policies and procedures. Manages actuarial services, underwriting, financial modeling and other considerations to predict risk exposure to the fund’s assets. Proposes service procedures and performance standards for third party administrators or vendors; monitors performance to ensure that contract obligations are fulfilled and that policies and procedures are followed. Prepares proposals of risk management programs for prospective local government members; conducts presentations for cities’ officials and staff. Writes general correspondence, policy papers, memoranda and other documents; prepares reports, filings and forms for submittal to appropriate regulatory agencies. Analyzes and develops recommendations for changes in risk management programs, rates, underwriting and claims procedures. Recommends membership admissions and terminations, contribution amounts, and coverage limitations. Recommends claim settlement conditions to Deputy Executive Director. Plans and assists in implementing loss control activities for the risk management programs. Manages contribution collections for the company’s risk management programs. Consults with third party administrators, local and state government officials, actuaries, consultants, contractors, state municipal leagues and others in performing risk management administration duties. Manages, directs and evaluates assigned staff, processes employee concerns and problems, directing work, counseling, disciplining and completing employee performance appraisals. Analyzes and interprets plan provisions, laws and regulations, reports, policies and procedures; prepares written summaries of findings and recommendations for dissemination to department staff. References insurance manuals, state and federal laws and regulations, policies and procedures, claims reports, actuarial reports, accounting records, loss control reports, and member correspondence in performing assigned administrative duties. Develops and makes presentations to the Board of Trustees and other committees. Qualifications: Bachelor’s degree in risk management, business or public administration, or related field required Five to seven years of experience in public sector risk management or a related field; or any equivalent combination of education, training, and experience which provides the requisite knowledge, skills, and abilities for this job.

SE: 510749777

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