Hackensack Meridian Health
Director, Insurance Risk Financial Services
Hackensack Meridian Health, Edison, New Jersey, us, 08818
Director, Insurance Risk Financial Services
Join to apply for the
Director, Insurance Risk Financial Services
role at
Hackensack Meridian Health Director, Insurance Risk Financial Services
3 weeks ago Be among the first 25 applicants Join to apply for the
Director, Insurance Risk Financial Services
role at
Hackensack Meridian Health Description
Our team members are the heart of what makes us better. Description
Our team members are the heart of what makes us better.
At
Hackensack Meridian
Health
we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.
Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.
The
Director, Insurance Risk Financial Services
establishes, directs, and manages a system wide enterprise and insurance risk management program for Hackensack Meridian Health (HMH). Responsible for the strategic and operational leadership and management of the organization's insurance and alternative risk finance program. Establishes and implements an appropriate ERM framework including risk policies, metrics, reporting and monitoring and ensures alignment of the ERM with corporate strategy. Develops and maintains collaborative relationships within HMH to support risk identification, risk solutions and loss prevention initiatives.
Position will be hybrid (2-3 days) in office as well as travel to HMH sites and potential to travel to various insurance markets.
Responsibilties
A day in the life of a
Director, Insurance Risk Financial Services
at
Hackensack Meridian
Health
includes:
Lead the development, implementation and optimization of Hackensack Meridian Health's overall property & casualty insurance and risk finance programs, including but not limited to Professional Liability/Medical Malpractice, General Liability, Automobile, Aviation, Crime, Cyber, D&O/EPLI, Environmental, Fiduciary, Property, Workers' Compensation, Umbrella/Excess, Employed Physician/Provider, Captive & self-insurance programs. Oversees the claims management of a complex and growing insurance portfolio and coordinate with insurers on insurance claims Define strategic objectives and policies to ensure effective insurance coverage for the organization and to develop risk financing budgeting Evaluate and measure enterprise capacity for risk assumption; recommend program structures to maximize risk retention Identify and evaluate financial risk exposure and manage insurable risk through traditional and non-traditional insurance and risk finance programs Collaborate with internal stakeholders in evaluating insurance and risk finance needs for new ventures; contracts and agreements; and other initiatives as appropriate Serve as Hackensack Meridian Health's senior insurance and risk finance leader. Maintain a high level of knowledge, authority and independence as the insurance subject matter expert. Represent Hackensack Meridian Health to external stakeholders including insurers, reinsurers, brokers and consultants Manage a self-insured workers' compensation program Develop and manage annual Insurance and Risk Finance budget of $80M+ Other duties and/or projects as assigned. Adheres to HMH Organizational competencies and standards of behavior.
Qualifications
Education, Knowledge, Skills and Abilities Required:
10-15 years of experience in either insurance, risk management, underwriting, insurance brokerage organization Experience with complex insurance programs and alternative risk finance programs, including captive insurance and self insurance programs including, hospital professional and physician professional liability Working understanding of State of New Jersey and Federal insurance regulations; Bermuda captive insurance company regulations
Education, Knowledge, Skills And Abilities Preferred
Bachelor's of Science Degree Experience in leading insurance and risk finance programs for a large complex organization; healthcare organization a plus
Licenses And Certifications Required
Risk Management (ARM) or other similar professional designation
If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!
HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.
Job Duties
The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to:
Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness. Experience: Years of relevant work experience. Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training. Skills: Demonstrated proficiency in relevant skills and competencies. Geographic Location: Cost of living and market rates for the specific location. Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization. Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered.
Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.
In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.Starting at $153,732.80 Annually Seniority level
Seniority level Director Employment type
Employment type Full-time Job function
Job function Sales and Business Development Industries Hospitals and Health Care Referrals increase your chances of interviewing at Hackensack Meridian Health by 2x Sign in to set job alerts for “Director of Insurance” roles.
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Join to apply for the
Director, Insurance Risk Financial Services
role at
Hackensack Meridian Health Director, Insurance Risk Financial Services
3 weeks ago Be among the first 25 applicants Join to apply for the
Director, Insurance Risk Financial Services
role at
Hackensack Meridian Health Description
Our team members are the heart of what makes us better. Description
Our team members are the heart of what makes us better.
At
Hackensack Meridian
Health
we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.
Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.
The
Director, Insurance Risk Financial Services
establishes, directs, and manages a system wide enterprise and insurance risk management program for Hackensack Meridian Health (HMH). Responsible for the strategic and operational leadership and management of the organization's insurance and alternative risk finance program. Establishes and implements an appropriate ERM framework including risk policies, metrics, reporting and monitoring and ensures alignment of the ERM with corporate strategy. Develops and maintains collaborative relationships within HMH to support risk identification, risk solutions and loss prevention initiatives.
Position will be hybrid (2-3 days) in office as well as travel to HMH sites and potential to travel to various insurance markets.
Responsibilties
A day in the life of a
Director, Insurance Risk Financial Services
at
Hackensack Meridian
Health
includes:
Lead the development, implementation and optimization of Hackensack Meridian Health's overall property & casualty insurance and risk finance programs, including but not limited to Professional Liability/Medical Malpractice, General Liability, Automobile, Aviation, Crime, Cyber, D&O/EPLI, Environmental, Fiduciary, Property, Workers' Compensation, Umbrella/Excess, Employed Physician/Provider, Captive & self-insurance programs. Oversees the claims management of a complex and growing insurance portfolio and coordinate with insurers on insurance claims Define strategic objectives and policies to ensure effective insurance coverage for the organization and to develop risk financing budgeting Evaluate and measure enterprise capacity for risk assumption; recommend program structures to maximize risk retention Identify and evaluate financial risk exposure and manage insurable risk through traditional and non-traditional insurance and risk finance programs Collaborate with internal stakeholders in evaluating insurance and risk finance needs for new ventures; contracts and agreements; and other initiatives as appropriate Serve as Hackensack Meridian Health's senior insurance and risk finance leader. Maintain a high level of knowledge, authority and independence as the insurance subject matter expert. Represent Hackensack Meridian Health to external stakeholders including insurers, reinsurers, brokers and consultants Manage a self-insured workers' compensation program Develop and manage annual Insurance and Risk Finance budget of $80M+ Other duties and/or projects as assigned. Adheres to HMH Organizational competencies and standards of behavior.
Qualifications
Education, Knowledge, Skills and Abilities Required:
10-15 years of experience in either insurance, risk management, underwriting, insurance brokerage organization Experience with complex insurance programs and alternative risk finance programs, including captive insurance and self insurance programs including, hospital professional and physician professional liability Working understanding of State of New Jersey and Federal insurance regulations; Bermuda captive insurance company regulations
Education, Knowledge, Skills And Abilities Preferred
Bachelor's of Science Degree Experience in leading insurance and risk finance programs for a large complex organization; healthcare organization a plus
Licenses And Certifications Required
Risk Management (ARM) or other similar professional designation
If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!
HMH is committed to pay equity and transparency for our team members. The posted rate of pay in this job posting is a reasonable good faith estimate of the minimum base pay for this role at the time of posting in accordance with the New Jersey Pay Transparency Act and does not reflect the full value of our market-competitive total rewards package.
Job Duties
The starting rate of pay is provided for informational purposes only and is not a guarantee of a specific offer. Posted hourly rates may be stated as an annual salary in the offer and posted annual salaries may be stated as an hourly rate in the offer, depending on the level and nature of the job duties and credentials of the candidate. The base compensation determined at the time of the offer may be different than the posted rate of pay based on a number of non-discriminatory factors, including but not limited to:
Labor Market Data: Compensation is benchmarked against market data to ensure competitiveness. Experience: Years of relevant work experience. Education and Certifications: Level of education attained, including specialized certifications, credentials, completed apprenticeship programs or advanced training. Skills: Demonstrated proficiency in relevant skills and competencies. Geographic Location: Cost of living and market rates for the specific location. Internal Equity: Compensation is determined in a manner consistent with compensation ranges for similar roles within the organization. Budget and Grant Funding: Departmental budgets and any grant funding associated with the job position may impact the pay that can be offered.
Some jobs may also be eligible for performance-based incentives, bonuses, or commissions not reflected in the starting rate. Certain positions may also be eligible for shift differentials for work performed on evening, night, or weekend shifts.
In addition to our compensation for full-time and part-time (20+ hours/week) job positions, HMH offers a comprehensive benefits package, including health, dental, vision, paid leave, tuition reimbursement, and retirement benefits.Starting at $153,732.80 Annually Seniority level
Seniority level Director Employment type
Employment type Full-time Job function
Job function Sales and Business Development Industries Hospitals and Health Care Referrals increase your chances of interviewing at Hackensack Meridian Health by 2x Sign in to set job alerts for “Director of Insurance” roles.
New York, NY $150,000.00-$225,000.00 5 days ago Whitehouse Station, NJ $140,000.00-$238,000.00 2 weeks ago Bridgewater, NJ $180,000.00-$210,000.00 2 days ago New York, NY $225,000.00-$275,000.00 1 day ago Jersey City, NJ $140,000.00-$238,000.00 2 weeks ago DIRECTOR, INSURANCE RISK FINANCIAL SERVICES
Corporate Vice President, DIS Product Director
New York, NY $200,000.00-$250,000.00 2 weeks ago Mid Market Account Director, Non Profit - Talent Solutions
New York, NY $125,000.00-$180,000.00 2 days ago New York, NY $151,560.00-$327,240.00 2 weeks ago Director of Business Development, Hospitals & Health Systems
New York, NY $140,000.00-$180,000.00 5 days ago Director, Distributor Channel for Medical Nutrition & Atrium (REMOTE)
Bridgewater, NJ $170,000.00-$195,000.00 2 days ago Corporate Director - Revenue Cycle Management - Behavioral Health Care
Brooklyn, NY $200,000.00-$225,000.00 2 weeks ago New York, NY $231,400.00-$335,500.00 1 week ago New York, NY $100,000.00-$180,000.00 1 day ago Strategic Account Director, Sales Solutions
New York, NY $230,000.00-$350,000.00 5 days ago Director, Forensic Accounting - Insurance Services
New York, NY $80,000.00-$120,000.00 2 weeks ago New York, NY $155,000.00-$175,000.00 1 week ago New York, NY $157,000.00-$240,000.00 1 week ago Director, Amex Offers Customer Success (Sales & Success)
New York, NY $130,000.00-$205,000.00 1 week ago Morris Plains, NJ $83.95-$156.99 1 month ago Sales Director - Healthcare & Life Sciences
New York, NY $155,000.00-$221,500.00 1 week ago New York, NY $192,000.00-$252,000.00 2 weeks ago New York, NY $461,500.00-$502,000.00 2 days ago Middlesex County, NJ $128,000.00-$138,000.00 1 week ago Director of Client Partnerships, Digital Media
New York, NY $130,000.00-$250,000.00 6 days ago Director of Content & Business Development
New York, NY $150,000.00-$225,000.00 5 days ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
#J-18808-Ljbffr