Risk Manager - Insurance

Description

Nature of Work:

Under the general direction of the Finance Director, undertake and oversee all activities of Risk Management for Bonita Springs Utilities Inc. Performs technical and administrative work in planning, organizing, directing, and controlling resources to minimize the adverse effects of accidental losses at the lowest cost. Assures the Risk Management functions are carried out in accordance with State, Federal and administrative regulations.

Requirements

Duties and Responsibilities:

The intent of this job description is to provide a summary of tasks performed in this classification. Incumbent may be requested to perform job-related tasks other than those specifically presented in this description.

• Identifies, analyzes and controls exposure to loss for current conditions, programs and other activities. Assists in eliminating or minimizing losses.
• Develop and prepare recommendations regarding the method of funding such as developing, coordinating and negotiating insurance, self-insurance and pooling programs.
• Analyzes loss frequency and severity and estimates future possibilities.
• Determines the most effective use of internal and external financial resources to provide for sufficient funds to meet losses that might occur.
• Measure risk assessments against insurance costs and make financial/analytical recommendations in order to improve results.
• Maintains relationships with departments relating to risk assessment.
• Continuously reviews BSU’s standard terms and conditions and provide recommended updates to be reviewed by council when necessary.
• Works closely with the Purchasing Agent to ensure all necessary Certificates of Insurance documents are obtained and maintained.
• Oversees the administration of established contracts.
• Serves as primary liaison to insurance providers and other parties (including FEMA when necessary) with regard to risk management programs and services.
• Assist in reviewing standard operating procedures and manuals.
• Assist in reviewing agreements and/or proposals from vendors from a risk management perspective.
• Participates in preparation of requests for proposals and bid packages.
• Develops and implements claims administration programs including insurance coverage, claim review/processing and recovery of expenses paid relative to damages.
• Maintain organization of all-related documents pertaining to storm-event damage costs.
• Reviews and verifies certificates of insurance and develops standards for purchase orders, contracts, agreements, leases, and other documents and agreements to insure proper coverage and /or risk transfer.
• Develops, implements, and prepares forecasts of insurance and other risk management costs for budget, benchmarking and planning purposes.
• Provides recommendations to management on a broad range of risk management issues.
• May be required to operate a motor vehicle in performance of assigned tasks.
• Performs other duties as assigned.

Knowledge, Skills & Abilities:

• Knowledge of standard concepts, best practices and procedures in risk management.
• Knowledge of principles and practices of effective administration, to include directing, planning, evaluating, and organizing.
• Knowledge of liability, and casualty claims processing. Preparing complex forms.
• Working knowledge of statistical and financial analysis methods, reporting; proper procedures, techniques and formats for preparation of requests for proposals and bid packages.
• Knowledge of liability and property damage areas of risk management.
• Knowledge of report and record maintenance principles and practices.
• Knowledge of investigative techniques.
• Skill in research of claims
• Skill in file management and tracking.
• Skill in written, verbal, electronic, and visual communications for effective expression and clarity.
• Skill in operation of various computer or other electronic devices and applications, to include database software, Microsoft Office Word and Excel and Outlook.
• Skill in organization, attention to detail, prioritization, and time management.
• Ability to communicate effectively in writing and verbally.
• Ability to be adaptable to performing under frequent deadlines and/or in response to emergencies.
• Ability to analyze and understand highly technical information in mathematical /statistical format; perform financial analyses and prepare sound recommendations.
• Ability to prepare and present reports in a clear effective manner orally and/or in writing.
• Ability to measure insurance needs against insurance cost.
• Ability to follow oral and written instructions.
• Ability to revi