Insurance & Risk Mgmt Spec

MSU Jobs•Starkville, MS

About The Position

The Insurance and Risk Management Specialist is responsible for developing, implementing, and maintaining a comprehensive, university-wide insurance program. This position manages a broad portfolio of insurance coverages, including Property, Professional Liability, Cyber Liability, Construction, Directors and Officers, Automobile Liability, and Surety Bonds.

Requirements

Minimum Focus Education Bachelor’s degree Business, Finance, Risk Management or a related field
Experience (yrs.) 3 years Insurance, Risk Management
Strong communication, presentation, negotiation and financial analysis skills.
Ability to understand and analyze risk exposure, and propose programs and policies to minimize the exposure liability.
Ability to implement claims processing procedures.

Nice To Haves

A Master’s degree in Business, Finance, Risk Management or a related field
Certification in Risk Management or Insurance designations (ARM, CPCU)
Experience with insurance renewal processes in a large, complex organization is preferred.

Responsibilities

Manage all aspects of the University’s property, automobile, employee dishonesty, and public official bonding insurance programs.
Serve as the lead for claims management activities, coordinating response and resolution when losses occur.
Perform a defined set of responsibilities related to other insurance areas, including tort claims, workers’ compensation, and unemployment.
Collaborate with departmental representatives to collect, update, and maintain data required for insurance renewals and premium allocations, including property, contents, and business interruption values by location, as well as fleet schedules and automobile identification card distribution.
Assist departments in identifying risk exposures and procuring insurance coverage for unique needs not addressed by existing University policies.
Work closely with Institutions of Higher Learning (IHL) board staff to identify opportunities to enhance risk management and insurance programs at both the University and system levels.
Review and manage insurance coverage levels to optimize risk and cost outcomes and advise leadership on uninsured or underinsured exposures.
Identify insurance policies purchased on a one-time or ad hoc basis and work to eliminate unnecessary or duplicative coverage.
Review insurance policies and related documentation to ensure accuracy, consistency, and compliance with university requirements.
Develop and maintain current schedules of insurance coverage, including policies, premiums, insurers, limits, and renewal dates.
Support the University’s risk management framework by assisting with the identification, assessment, and prioritization of risks that may impact institutional mission and objectives.
Provide key support in the development and implementation of risk management strategies and corrective action plans aligned with university priorities and policies.
Serve as an advisor to the campus community on risk exposures, insurance matters, and internal controls.