Southern Methodist University
Director of Risk Management & Insurance
Southern Methodist University, Dallas, Texas, United States, 75215
Job Description - Director of Risk Management & Insurance (RIS00000033)
Job Description
Director of Risk Management & Insurance - (RIS00000033)
Description
Salary Range:
Salary commensurate with experience and qualifications
About SMU
SMU’s more than 12,000 diverse, high-achieving students come from all 50 states and over 80 countries. The University offers small classes, meaningful research opportunities, leadership development, community service, international study, and innovative programs.
SMU is data-driven, with a powerful supercomputing ecosystem paired with entrepreneurial drive, creating an environment for research excellence.
Now in its second century, SMU is recognized for supporting students, faculty, and alumni as they become ethical, enterprising leaders. Its relationship with Dallas provides unique learning, research, social, and career opportunities that enable global impact.
SMU is nonsectarian and committed to academic freedom and open inquiry.
About the Position:
This is an on-campus, in-person role.
The Director of Risk Management and Insurance leads risk financing, insurance, and claims strategies aligned with the Chief Risk Officer's direction. Responsibilities include overseeing insurance procurement and renewals, claims resolution, risk data reporting, and contractual risk transfer. The role collaborates with university partners to ensure compliance and reduce institutional exposure, promoting informed risk-taking.
Essential Functions:
Insurance Program Administration & Strategy:
Lead insurance renewals, coverage evaluations, and actuarial assessments. Maintain relationships with brokers and carriers to optimize coverage and pricing. Oversee certificates of insurance, bond programs, and alternative risk financing. Stay current on insurance markets and exposures, and coordinate engineering assessments and risk improvements. Claims Management:
Oversee claims functions, including workers’ compensation, liability, subrogation, and litigation coordination. Analyze loss trends via RMIS and provide insights to the CRO. Develop claims policies in collaboration with Legal. Manage TPAs for timely resolution and compliance. Participate in mediations with CRO and Legal. Strategic Risk and Contractual Risk Management:
Maintain the university risk register and develop risk management tools with the CRO. Review contracts, negotiate third-party insurance requirements, and collaborate with Procurement and Legal to align contract risk terms. Risk Financing and Budget Management:
Lead actuarial reviews, monitor claim reserves, and analyze Total Cost of Risk (TCOR). Contribute to budgeting and financial reporting. Risk Management Operations:
Lead initiatives related to fleet and SCUV safety, drone and aircraft risk management, and risk assessments. Develop risk appetite and tolerance guidelines. Risk Data and Reporting:
Oversee risk data governance and reporting. Maintain accurate risk content on the ORM website. Ensure timely risk data delivery for reports and compliance. Provide leadership, coaching, and evaluation of staff to foster a strong risk operations culture across campus. Qualifications Education and Experience:
Bachelor’s degree required; master’s preferred. Minimum of 7 years of experience. Certification such as AIC is desired. Knowledge, Skills, and Abilities:
Experience with claims and insurance policy management, data analysis, and negotiation. Strong presentation, communication, and relationship management skills. Familiarity with risk information systems and analytics. Proficiency in Microsoft Office, especially PowerPoint. Ability to respond to incidents at any time. Physical and Environmental Demands: Sit for long periods. Deadline to Apply: See application instructions. EEO Statement: SMU is an equal opportunity employer. All qualified applicants will receive consideration regardless of race, color, religion, national origin, sex, age, disability, veteran status, sexual orientation, or gender identity and expression. SMU offers a broad range of health and wellness benefits, including health, dental, vision, and retirement programs to support employees and their families.
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Lead insurance renewals, coverage evaluations, and actuarial assessments. Maintain relationships with brokers and carriers to optimize coverage and pricing. Oversee certificates of insurance, bond programs, and alternative risk financing. Stay current on insurance markets and exposures, and coordinate engineering assessments and risk improvements. Claims Management:
Oversee claims functions, including workers’ compensation, liability, subrogation, and litigation coordination. Analyze loss trends via RMIS and provide insights to the CRO. Develop claims policies in collaboration with Legal. Manage TPAs for timely resolution and compliance. Participate in mediations with CRO and Legal. Strategic Risk and Contractual Risk Management:
Maintain the university risk register and develop risk management tools with the CRO. Review contracts, negotiate third-party insurance requirements, and collaborate with Procurement and Legal to align contract risk terms. Risk Financing and Budget Management:
Lead actuarial reviews, monitor claim reserves, and analyze Total Cost of Risk (TCOR). Contribute to budgeting and financial reporting. Risk Management Operations:
Lead initiatives related to fleet and SCUV safety, drone and aircraft risk management, and risk assessments. Develop risk appetite and tolerance guidelines. Risk Data and Reporting:
Oversee risk data governance and reporting. Maintain accurate risk content on the ORM website. Ensure timely risk data delivery for reports and compliance. Provide leadership, coaching, and evaluation of staff to foster a strong risk operations culture across campus. Qualifications Education and Experience:
Bachelor’s degree required; master’s preferred. Minimum of 7 years of experience. Certification such as AIC is desired. Knowledge, Skills, and Abilities:
Experience with claims and insurance policy management, data analysis, and negotiation. Strong presentation, communication, and relationship management skills. Familiarity with risk information systems and analytics. Proficiency in Microsoft Office, especially PowerPoint. Ability to respond to incidents at any time. Physical and Environmental Demands: Sit for long periods. Deadline to Apply: See application instructions. EEO Statement: SMU is an equal opportunity employer. All qualified applicants will receive consideration regardless of race, color, religion, national origin, sex, age, disability, veteran status, sexual orientation, or gender identity and expression. SMU offers a broad range of health and wellness benefits, including health, dental, vision, and retirement programs to support employees and their families.
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