Risk Management Specialist

Recruitment Title: Risk Management Specialist
Job Code: 8222IR - Fin Pro 2-Ins Risk Mgmt

Job Overview:
The Risk Specialist is a valued contributor to the Risk Management team, reporting directly to the Director of Risk Management and Insurance. This position acts as a primary point of contact for internal and external customers. The position works directly with departments across the University of Minnesota on their insurance questions and also works with the University's insurance broker to prepare and coordinate insurance renewals.

Work Environment: Hybrid (minimum three days in the office)

Job Duties and Responsibilities with % of Time:

Insurance Program Support (35%):
* Lead the preparation and coordination of insurance renewal information (applications and other underwriting exposure data collections) for the University's commercial insurance programs (Property, General, Professional and Auto Liability, Crime, Media, Marine, etc.).
* Function as the central point of contact across the University of Minnesota, the insurance broker, and the captive manager.
* Analyze and review various University contracts and agreements to ensure compliance with insurance standards, proactively consulting with departments to minimize exposure.
* Maintain insurance policy list.

Financial Support (25%):
* Initiate and process critical financial transactions, including vendor payments, purchase orders,and contracts for professional services, in coordination with the University's Financial Operations Team.
* Calculate, coordinate and process the annual insurance cost allocation and premium chargebacks to departments across the University of Minnesota.
* Monitor and reconcile Risk Management's central University budget account(s).
* Manage the financial tracking and generate reports for the $2.7 million annual property claims budget.
* Reconcile vendor accounting records and transactions with insurance brokers, insurers, actuaries, and Third Party Claim Administrators.

General Administrative Support (40%):
* Manage the departmental email account, serving as the front-line point of contact to expertly triage inquiries and refer complex matters to the appropriate subject matter experts.
* Facilitate broker issuance of certificates of insurance.
* Review and process internal and external Alcohol Use Applications, ensuring adherence to University policies.
* Act as Claims Specialist's back up. Respond to questions on filing claims, claim status, requests for payroll information, invoice payment, etc.
* Establish, maintain, and archive comprehensive departmental files and key documents in alignment with University retention guidelines.
* Assist with Google Calendar/meeting scheduling.
* Other duties as assigned.

Required Qualifications (please document on resume):

* BA/BS plus at least two years of professional work experience OR a combination of related education and work experience to equal six years.
* Self-motivated, assertive and highly-detail orientated professional who consistently takes initiative to drive projects forward.
* Demonstrated expertise in data analytics with a proven ability to process complex data sets and manage server-based entry.
* Strong organizational, communication, and interpersonal skills.
* Ability to independently diagnose complex problems and implement effective solutions.
* Proficiency in standard office software, including Word, Excel, Gmail, Google Calendar, etc.

Preferred Qualifications (please document on resume):

* Direct experience working in Insurance or Risk Management including property, liability, auto and worker's compensation insurance
* Strong knowledge of University Policies,Procedures, Operations and internal resources

Pay Range: $63,000 - $75,000; depending on education/qualifications/experience

Time Appointment: 100% Appointment

Position Type: Civil-Service & Non-Faculty Labor Represented Staff

Please visit the Office of Human Resources website for more information regarding benefit eligibility.

The University offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost
• Employee Transit Pass with free or reduced rates in the Twin Cities metro area

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America's Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).