Director - Risk Management - University of Southern California - Los Angeles

Job description
Position Summary
USC’s Office of the General Counsel is looking for an experienced and dedicated Director of Risk Management to lead and direct the operations and activities of insurance and risk management programs for the university. The ideal candidate is an experienced risk management professional able to negotiate and purchase casualty and property insurance for the university, as well as effectively design, implement, and monitor loss control programs.
The Director of Risk Management manages all property and liability claims, oversees litigation management for claims, and a hospital and medical malpractice insurance program in concert with the Chief Integration and Risk Officer for Keck Medicine of USC. This position reports to the Deputy General Counsel.

Job Accountabilities
Oversees the daily operation of Risk Management. Develops long-term risk management and insurance strategies to align with university risk tolerance. Monitors university system operations to ensure that exposures are kept at acceptable levels and loss prevention programs are developed and implemented.
Develops and maintains relationships across the university and health system to aid in the execution of the risk management program, including participating on various committees and task forces as needed.
Develops, designs, implements and monitors effective loss control programs, such as defensive driving, premises liability injury reduction, and more.
Reviews and approves all small to medium-sized property and casualty claims and settlements. Reviews and assigns claims to third party administrator and/or senior risk analyst for handling, and refers significant pre-litigation claims to Associate General Counsel, Litigation. Hires claim adjusters and investigators. Assists defense counsel in case preparation and settlement posture and monitors case development. Manages the self-insurance funds from which payments are made and sets case reserves. Coordinates defense and recovery strategies with insurance carriers.
Assesses enterprise/business exposures and emerging risks, and conducts/arranges for regular training on identified risk in concert with other university departments.
Determines appropriate insurance coverages, and markets, negotiates and purchases casualty and property insurance coverages for the university.
Develops and administers the budget for insurance, self-insurance retentions, and property. Analyzes variances, provides financial status report, and develops annual budget projections.
Advises university community on all insurance and liability questions. Reviews and approves special events and contracts for insurance and indemnification language. Approves/disapproves project implementation or continuation.
Develops and implements departmental policies for standards. Directs the development, enhancement and maintenance of information systems to support operations. Ensures that internal systems complement university-wide systems and that information is reconciled on a regular basis.
Performs other related duties as assigned or requested. The University reserves the right to add or change duties at any time.

Minimum Qualifications

Minimum Education
Bachelor’s degree
Minimum Experience
years
Minimum Field of Expertise
Insurance or Risk Management experience such as an insurance broker or experience with insurance company with some emphasis on loss control and claims adjusting. ARM or CPCU designation. Five years experience managing third party administrators.

Preferred Qualifications

Preferred Education
Master’s degree

Preferred Experience

Insurance and Risk Management with University background and/or healthcare background and possess Total Cost of Risk (TCoR) and insurance analysis expertise. Two years claims adjusting; two years as broker or insurance underwriter; two years in loss control; five years in Risk Management. Possess experience with mergers and acquisitions, Enterprise Risk Management, process mapping, TCoR systems and medical malpractice insurance, Cyber Liability expertise and experience.

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