Director Commercial Insurance and Risk Finance

Primary City/State:

Arizona, Arizona

Department Name:

Risk Financing & Ins Programs

Work Shift:

Day

Job Category:

Risk, Quality and Safety

Great careers are built at Banner Health. There’s more to health care than doctors and nurses. We support all staff members as they find the path that’s right for them. Apply today, this could be the perfect opportunity for you.

Becker’s Healthcare recently honored Banner as one of 150 top places to work in health care for 2024, we are proud to offer our team members many career and lifestyle choices throughout our network of facilities. At Banner Health, we’re excited about what the future holds for health care. That’s why we’re changing the industry to make the experience the best it can be. If you’re ready to change lives, we want to hear from you.

This role is remote for Arizona residents 8 hours Monday-Friday, typical start time is 8am. In this Director Commercial Insurance and  Risk Finance role you will be preparing renewal submissions, reviewing contracts, providing direction and consultation to internal stakeholders about insurance or claims, and leading three team members whose primary responsibilities include handling claims, reviewing contracts, issuing certificates of insurance, and managing filings for our self-insured or monopolistic states. Having experience working with a Risk Management Information System (RIMS) such as Riskonnect or Origami would be a big plus!

Your pay and benefits are important components of your journey at Banner Health. This opportunity includes the option to participate in a variety of health, financial, and security benefits. In addition, this position may be eligible for our Management Incentive Program as part of your Total Rewards package.

Within Banner Health Corporate, you will have the opportunity to apply your unique experience and expertise in support of a nationally-recognized healthcare leader. We offer stimulating and rewarding careers in a wide array of disciplines. Whether your background is in Human Resources, Finance, Information Technology, Legal, Managed Care Programs or Public Relations, you'll find many options for contributing to our award-winning patient care.

POSITION SUMMARY

This position works directly with the Senior Director Risk Finance and Insurance providing direction, leadership and consultation to department managers in relation to risk evaluation, risk transfer and risk financing with the objective of protecting the assets of the corporation.  Acts as a key adviser in the areas of decision making, mitigating risks where appropriate relating to insurance policies, and incident investigation. This position is responsible for maintaining the continuity of all insurance programs including monitoring the broker and captive insurance company managers. Is responsible for overseeing the submission of first level claim information for patient property, auto liability, crime, cyber, environmental, builders’ risk and property claim to include management of investigations. Verifying and monitoring all payments for claims and non-claims related expenses to ensure they are properly coded, fall within the scope of the contract and fit within the budgeted parameters.

CORE FUNCTIONS
1. Directs, develops and negotiates the insurance programs in order to minimize the adverse impact on the financial performance of the organization through the use of commercial insurance, and deductible programs. This includes but is not limited to property, builders’ risk, cyber, auto, directors’ and officers’ liability, employment practices liability, general and professional liability, workers compensation, fiduciary, helipad and non-owned aviation, foreign, travel accident, crime, special crime and environmental. This will include risk assessment, risk mitigation, and decision processes involving all insurance policies and claims. Meet with various underwriters and insurance brokers to negotiate rates and premiums for the systems and present materials regarding the company to various insurance carriers. Program to include identification, investigation, tracking, education, and reporting of potential and current issues.

2. Directs, designs, develop, plans, coordinates, and administers system-wide processes for risk transfer. Makes recommendations for purchases of insurance coverage, alternative risk transfer funding requirements. Works collaboratively with department leadership to promote the understanding of the insurance programs and coverages associated with each line of business.

3. Select