Vanderbilt University
Senior Risk & Insurance Specialist
Vanderbilt University, Nashville, Tennessee, United States, 37247
Job Description
The Senior Risk Specialist is responsible for supporting the Director, Risk and Insurance Management in managing the insurance procurement, and insured claims functions at Vanderbilt University (VU). The Senior Risk Specialists role is a key part of the university's integrated risk assurance program and works collaboratively with all areas of the university to identify, manage, and propose mitigation strategies to reduce the university's insurable risks.
This position serves as a liaison with the university's insurance brokers and carriers in the stewardship of the university's comprehensive insurance program and requires knowledge and understanding of a range of commercial products including general liability, property, auto, network security as well as additional specialty areas relative to Vanderbilt operations.About the Work Unit:Insurance Procurement and Claims:
The function is responsible for the strategic planning and oversight of the university's comprehensive insurance program and for directing risk management processes in collaboration with other university departments to assure persons and assets are appropriately protected. The team works with all levels of Vanderbilt departments and external insurance brokers and carriers to ensure the institution has the adequate types and amounts of insurance coverage. Using robust claim trend analysis and market research, the team advises departments on opportunities to reduce claims, mitigate risk and ensure appropriate insurance coverage is in place.Key Functions and Expected Performance:
Serves as liaison with outside insurance broker in the procurement and management of the university's comprehensive insurance program.Supports the annual process of collecting required underwriting information for all new and renewal insurance policies, including preparation of materials to obtain Chancellor and Vice Chancellor approval, when required.Manages the information gathering and submission of information necessary to perfect insured claims.Supports the director and senior director in submitting claims insurance carriers and in investigating disputed, or complex claims.Oversees collection of confidential data regarding loss exposures, claim payments, reserves, and payrolls as required for actuarial studies, premium audits, surveys, and insurance reviews.Analyzes insurance policies for accuracy of coverage and appropriate endorsements.Manages and oversees payment of and accounting for premium invoices and complex internal premium allocations for purchased insurance.Supports the director in developing the annual insurance premium forecast and budget.Manages the university's Total Cost of Risk (TCOR) and Annual Insurance Review Summary documents.Uses data analytics to identify claim trends and make recommendations to improve the safety of the campus for faculty, staff, students, and visitors.Participates in various campus committees to provide risk management advice and expertise; actively engage campus partners to create short and long-term working groups when specific risks are identified.Communicates with staff and faculty throughout all levels of the university and with brokers and other insurance industry partners regarding insurance coverage questions, premium charges, building projects, budget forecasting, special events, and various other insurance questionsProvides support for other subgroups within Risk Management as needed.This is a hybrid position and is expected to be on campus a minimum of three days per week.
Supervisory Relationships:
This position has no direct supervisory responsibility.Education and Certifications:
Bachelor's degree is preferred.Experience and Skills:
Excellent verbal and written communication skills are required.Meticulous attention to detail is required.Strong experience with Excel and PowerPoint is required.Professional attitude and considerable tact, persuasion and judgment in interactions with internal and external constituents is required.Demonstrated ability to work in a team setting is required.Willingness to rapidly learn new skills when the situation demands it is required.An ability to take initiative, multi-task and work well under pressure is required.An ability to quickly learn office technology and databases is preferred.Comfortable with new technological systems and upgrades as they arise is preferred.Key Characteristics of a Successful Team Member in this Work Unit:
High level of integrity and professionalismEffective communication skillsRisk assessment/problem solving skillsRelationship and trust building skillsOrganization and project management skills
About Us
Vanderbilt is a community of talented and diverse staff & faculty!At
Vanderbilt University
, our work - regardless of title or role - is in service to an important and noble mission in which every member of our community serves in advancing knowledge and transforming lives on a daily basis. Located in Nashville, Tennessee, on a 330+ acre campus and arboretum dating back to 1873, Vanderbilt is proud to have been named as one of "America's Best Large Employers" as well as a top employer in Tennessee and the Nashville metropolitan area by Forbes for several years running. We welcome those who are interested in learning and growing professionally with an employer that strives to create, foster and sustain opportunities as an employer of choice through:Working and growing together as a community of communities... we are
One Vanderbilt .Providing a work environment where every staff and faculty member can be their
authentic and best
self , while providing the resources and opportunities to learn and grow.Encouraging development, collaboration, and partnership both internally and externally while fostering the value that
every member of the Vanderbilt community can lead and grow
regardless of title or position.
We understand you have a choice when choosing where to work and pursue a career. We understand you are unique and have a story. We want to hear it. We encourage you to apply today so that you might become a part of our story.
Vanderbilt University has made the health and safety of our students, faculty and staff and our surrounding communities a top priority. As part of that commitment, the University may require employees to comply with any testing or health and safety measures which the University may require.
Commitment to Equity, Diversity, and InclusionAt Vanderbilt University, we are intentional about and assume accountability for fostering advancement and respect for equity, diversity, and inclusion for all students, faculty, and staff. Our commitment to diversity makes us who we are. We have created a community that celebrates differences and lets individuality thrive. As part of this commitment, we actively value diversity in our workplace and learning environments as we seek to take advantage of the rich backgrounds and abilities of everyone. The diverse voices of Vanderbilt represent an invaluable resource for the University in its efforts to fulfill its mission and strive to be an example of excellence in higher education.
Vanderbilt University is an equal-opportunity, affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran, or any other characteristic protected by law.
Please note, all candidates selected for an offer of employment are subject to pre-employment background checks, which may include but are not limited to, based on the role for which they have been selected: criminal history, education verification, social media review, motor vehicle records, credit history, and professional license verification.
The Senior Risk Specialist is responsible for supporting the Director, Risk and Insurance Management in managing the insurance procurement, and insured claims functions at Vanderbilt University (VU). The Senior Risk Specialists role is a key part of the university's integrated risk assurance program and works collaboratively with all areas of the university to identify, manage, and propose mitigation strategies to reduce the university's insurable risks.
This position serves as a liaison with the university's insurance brokers and carriers in the stewardship of the university's comprehensive insurance program and requires knowledge and understanding of a range of commercial products including general liability, property, auto, network security as well as additional specialty areas relative to Vanderbilt operations.About the Work Unit:Insurance Procurement and Claims:
The function is responsible for the strategic planning and oversight of the university's comprehensive insurance program and for directing risk management processes in collaboration with other university departments to assure persons and assets are appropriately protected. The team works with all levels of Vanderbilt departments and external insurance brokers and carriers to ensure the institution has the adequate types and amounts of insurance coverage. Using robust claim trend analysis and market research, the team advises departments on opportunities to reduce claims, mitigate risk and ensure appropriate insurance coverage is in place.Key Functions and Expected Performance:
Serves as liaison with outside insurance broker in the procurement and management of the university's comprehensive insurance program.Supports the annual process of collecting required underwriting information for all new and renewal insurance policies, including preparation of materials to obtain Chancellor and Vice Chancellor approval, when required.Manages the information gathering and submission of information necessary to perfect insured claims.Supports the director and senior director in submitting claims insurance carriers and in investigating disputed, or complex claims.Oversees collection of confidential data regarding loss exposures, claim payments, reserves, and payrolls as required for actuarial studies, premium audits, surveys, and insurance reviews.Analyzes insurance policies for accuracy of coverage and appropriate endorsements.Manages and oversees payment of and accounting for premium invoices and complex internal premium allocations for purchased insurance.Supports the director in developing the annual insurance premium forecast and budget.Manages the university's Total Cost of Risk (TCOR) and Annual Insurance Review Summary documents.Uses data analytics to identify claim trends and make recommendations to improve the safety of the campus for faculty, staff, students, and visitors.Participates in various campus committees to provide risk management advice and expertise; actively engage campus partners to create short and long-term working groups when specific risks are identified.Communicates with staff and faculty throughout all levels of the university and with brokers and other insurance industry partners regarding insurance coverage questions, premium charges, building projects, budget forecasting, special events, and various other insurance questionsProvides support for other subgroups within Risk Management as needed.This is a hybrid position and is expected to be on campus a minimum of three days per week.
Supervisory Relationships:
This position has no direct supervisory responsibility.Education and Certifications:
Bachelor's degree is preferred.Experience and Skills:
Excellent verbal and written communication skills are required.Meticulous attention to detail is required.Strong experience with Excel and PowerPoint is required.Professional attitude and considerable tact, persuasion and judgment in interactions with internal and external constituents is required.Demonstrated ability to work in a team setting is required.Willingness to rapidly learn new skills when the situation demands it is required.An ability to take initiative, multi-task and work well under pressure is required.An ability to quickly learn office technology and databases is preferred.Comfortable with new technological systems and upgrades as they arise is preferred.Key Characteristics of a Successful Team Member in this Work Unit:
High level of integrity and professionalismEffective communication skillsRisk assessment/problem solving skillsRelationship and trust building skillsOrganization and project management skills
About Us
Vanderbilt is a community of talented and diverse staff & faculty!At
Vanderbilt University
, our work - regardless of title or role - is in service to an important and noble mission in which every member of our community serves in advancing knowledge and transforming lives on a daily basis. Located in Nashville, Tennessee, on a 330+ acre campus and arboretum dating back to 1873, Vanderbilt is proud to have been named as one of "America's Best Large Employers" as well as a top employer in Tennessee and the Nashville metropolitan area by Forbes for several years running. We welcome those who are interested in learning and growing professionally with an employer that strives to create, foster and sustain opportunities as an employer of choice through:Working and growing together as a community of communities... we are
One Vanderbilt .Providing a work environment where every staff and faculty member can be their
authentic and best
self , while providing the resources and opportunities to learn and grow.Encouraging development, collaboration, and partnership both internally and externally while fostering the value that
every member of the Vanderbilt community can lead and grow
regardless of title or position.
We understand you have a choice when choosing where to work and pursue a career. We understand you are unique and have a story. We want to hear it. We encourage you to apply today so that you might become a part of our story.
Vanderbilt University has made the health and safety of our students, faculty and staff and our surrounding communities a top priority. As part of that commitment, the University may require employees to comply with any testing or health and safety measures which the University may require.
Commitment to Equity, Diversity, and InclusionAt Vanderbilt University, we are intentional about and assume accountability for fostering advancement and respect for equity, diversity, and inclusion for all students, faculty, and staff. Our commitment to diversity makes us who we are. We have created a community that celebrates differences and lets individuality thrive. As part of this commitment, we actively value diversity in our workplace and learning environments as we seek to take advantage of the rich backgrounds and abilities of everyone. The diverse voices of Vanderbilt represent an invaluable resource for the University in its efforts to fulfill its mission and strive to be an example of excellence in higher education.
Vanderbilt University is an equal-opportunity, affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran, or any other characteristic protected by law.
Please note, all candidates selected for an offer of employment are subject to pre-employment background checks, which may include but are not limited to, based on the role for which they have been selected: criminal history, education verification, social media review, motor vehicle records, credit history, and professional license verification.