University of Utah Job Description
Reviews, negotiates and approves contracts, and all University insurance purchases; evaluates risks, identifies, and provides advice to management on potential sources of loss, and determines and implements strategy for loss prevention; administers claims handling and investigation analysis reporting for claims by, and against the University; establishes and implements risk management policies and procedures; and determines risk financing administration of insurance, or self-insurance programs.
Bachelor's degree or equivalency (one year of education can be substituted for two years of related work experience) in a related area and 7 years of experience that includes a working knowledge of risk management, insurance principles, practices and law, as well as effective oral and written communication skills, including technical writing skills are required. A commitment to provide excellent customer service is also required. A Chartered Property and Casualty Underwriter (CPCU) may be preferred.
Applicants must demonstrate the potential ability to perform the essential functions of the job as outlined in the position description.
This job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to the job.
1. Takes property and liability insurance claims, obtains all pertinent information, and assists with investigations by obtaining police report, photos, diagrams, dispositions, etc. to provide prompt service to University departments and non-University entities and individuals.
2. Reviews major leases, contracts, proposed policies, programs, and affiliation agreements from a risk management point of view to ensure an effective loss prevention and loss control program is maintained.
3. Identifies potential hazard/loss exposures through surveys, inspections, reports, etc. to develop a means of improving the University's experience against loss.
4. Evaluates risk, develops and implements strategy to safeguard the assets of the University.
5. Handles general, professional and other liability claims against the University, including notifying appropriate insurers, establishing reserves against self-insurance trusts, conferring with defense attorneys and negotiating settlements.
6. Makes claims against property and other insurers on behalf of the University and assists in making recoveries from people who damage University property.
7. Allocates the cost of insurance and self-insurance, whenever appropriate, to departments within the University.
8. Determines and reports University property and equipment values to insurers.
9. Provides periodic reports to administration regarding certain aspects of the University's risk management program in a format which is understandable by non-insurance administrators.
10. Collects historical data of claims and other elements relating to University risk and makes projections of future losses.
11. Maintains awareness of legislative activities affecting risk management and recommends University positions on such legislation.
The incumbent is faced with the problem of a decentralized campus, which makes it difficult to evaluate risks and implement policies to minimize those risks, because programs cannot be shut down, rather risks must be identified, as nearly as possible, and coverage must be provided. He/she must also reach a delicate balance between the University's strategic plan based on growth and innovation and the focus of risk management which requires anticipation of a worst case scenario. Thirdly, because insurance premiums are not generally allocated to each department, there is no financial incentive for loss control, and must be accomplished through persuasion and training by the incumbent.
Work Environment and Level of Frequency typically required
Nearly Continuously: Office environment.
Physical Requirements and Level of Frequency that may be required
Nearly Continuously: Sitting, hearing, listening, talking.
Often: Repetitive hand motion (such as typing), walking.
Seldom: Bending, reaching overhead.
250 East 200 South, Suite 125,
Salt Lake City, Utah 84111
Phone: 801.581.2169 Email: AskHR@utah.edu
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