VP of Risk Management

Prestige Employee Administrators • Tampa, FL

315d • $200,000

About The Position

We are seeking an experienced and dedicated Vice President of Risk Management to join our team. The primary responsibility in this role will be to proactively manage the Risk Management and Workers’ Compensation functions for a large private equity-backed leader in the Professional Employer Organization (PEO) industry.

Requirements

• Bachelor’s Degree in a relevant field required.
• A Master’s degree in an accounting or finance-related field strongly preferred.
• A minimum of 10 years’ experience in managing a corporate workers’ compensation program.
• Experience managing large-deductible workers’ compensation policies serving a variety of industries required.
• Experience building, leading, and managing a team in a high growth environment.
• Knowledge of Professional Employer Organization (PEO) and/or Staffing industries required.
• Strong interpersonal and communication skills.
• Expert Excel skills.
• Strong managerial and organizational skills.
• Comfortable in a fast-paced environment. Looks for and implements efficiency changes.

Responsibilities

• Develop strategies to improve controls and operational procedures to increase financial performance of the Workers’ Compensation program.
• Work collaboratively with insurance brokers, carriers, and vendor partners; recommend and implement new partnerships to improve risk controls, metrics, and data-driven decision making.
• Responsible for planning, monitoring, and managing a team to execute all activities related to insurance programs and risk control planning: Underwriting; claims management; payroll reporting; invoice reviews.
• Manage and evaluate the workers’ compensation, risk, and insurance-related aspects of the company’s mergers and acquisitions process. Cultivate and maintain positive working relationships with executive leadership and staff of acquired entities.
• Oversee the claims management process for all entities and all workers’ compensation carriers, ensuring early intervention, claims expense mitigation, and prompt closure where appropriate.
• Revitalize and manage the COI management for clients with outside workers’ compensation policies.
• Create and implement the company’s loss control program, targeting risky clients and potential risky clients to change behavior or offer other insurance alternatives.
• Conduct regular policy reviews with third party adjusters, insurance carriers, and/or external vendors.
• Ensure the department has requisite depth and experience; elevate the industry acumen of the workers’ compensation team by identifying training and coaching opportunities.
• Train and educate leadership team on workers’ compensation processes, requirements, and best practices.

What This Job Offers

• Job Type: Full-time
• Career Level: Executive
• Education Level: Bachelor's degree