Risk & Insurance Specialist

Gundersen Health System•La Crosse, IA

5d•Hybrid

About The Position

Coordinate procurement and the administration of all GHS insurance programs, including captive insurance companies, commercially-insured programs, and self-insured trusts. This is a hybrid role, and candidates must live within a reasonable driving distance to Green Bay or La Crosse, WI due to frequent on-site needs.

Requirements

Bachelor's degree in Business Administration or Finance, Risk and Insurance Management, or a related field
3-4 years of experience in an organization with primary responsibility for the preparation of underwriting information for the placement of professional and general liability insurance as well as property and casualty insurance or three to four years with an insurance agency with experience in the placement or underwriting of professional and general and/or property and casualty insurance.

Nice To Haves

5-7 years of related experience as indicated above in healthcare or related industry.
Associate in Risk Management (ARM) or Certified Risk Manager (CRM) or Chartered Property Casualty Underwriter (CPCU)

Responsibilities

Develop and maintain an underwriting database, including schedules of property, automobiles, trustees, officers, insured physicians, named insureds, and other data, to be used for renewal of the various lines of coverage.
Oversee the insurance application process, verifying data obtained from insured entities; compiling data for the system, and reviewing final application forms before submission to markets.
Direct broker activities on all insurance programs, maintaining an ongoing interface with incumbent.
Develop and maintain a system for evaluating broker services, recommending broker review when necessary. Maintain relationships with potential brokers and carriers.
Monitor the insurance industry, recommending sound alternative solutions to protect against risk exposure, based on changing market.
Maintain healthy relationships with GHS affiliates while responding to inquiries from GHS entities regarding insurance.
Interface with GHS General Counsel and/or Legal Department on aspects of property and causality insurance and to be a central figure coordinating legal procedures, to evaluate claims and determine applicable insurance.
Review contracts for appropriate insurance coverage language.
Develop a system to ensure that any new exposure created by an GHS entity is adequately insured.
Audit coverage against specifications and proposals and validate premiums.
Maintain a current, valid insurance digest of coverages and policy cover sheets, certificates of insurance and proof of auto coverage for appropriate dissemination.
Responsible for the development and continuing refinement of premium allocation methodologies for all property and casualty programs, to ensure that all entities have been charged adequate rates.
Perform monthly accounting journal entries related to allocation of insurance costs and maintain analysis of balance sheet accounts relevant to the insurance program. Maintain a comprehensive analysis of reserves throughout the year and at the end of the year in accordance with GAAP for financial audit purposes.
Direct the administration of the GHS Self-Funded Professional Liability Trust Fund.
Be the primary contact with all insurance carriers for all insurance policies and serve as liaison with all internal departments at GHS who are covered and impacted by such policies. Coordinate and participate in all on site visits by insurance carriers.
Identify and pursue all opportunities for recovery of insurance costs including subrogation.
Maximize all soft benefits and programs offered by insurance companies, including safety program offerings, soft dollars, etc.
Maintain up to date loss runs for each policy and follow trends. Be aware of policies that are producing underwriting losses.
Perform as the organizational expert on trends noted in the risk structure of GHS as it relates to insurable and non-insurable events and to be an advisor to Management for those matters.
Provide insurance carriers with necessary information if policy and premium is audited.
Facilitate the processing of claims for all departments and entities of GHS.
Special projects and other duties as assigned.