Posting Details
Posting Detail Information
Working Title
Director of Risk Management & Insurance
Position Location
Fort Collins, CO
Work Location
Position qualifies for hybrid/in-office work
Research Professional Position
No
Posting Number
202401550AP
Position Type
Admin Professional/ Research Professional
Classification Title
Senior Management Level I
Number of Vacancies
1
Work Hours/Week
40
Proposed Annual Salary Range
$130,000-$140,000
Employee Benefits
Colorado State University is not just a workplace; it's a thriving community that's transforming lives and improving the human condition through world-class teaching, research, and service. With a robust benefits package, collaborative atmosphere, commitment to
diversity, equity and inclusion, and focus on work-life balance, CSU is where you can thrive, grow, and make a lasting impact.
- Review our detailed benefits information here.
- Explore the additional perks of working at CSU here.
- For the total value of CSU benefits in addition to wages, use our compensation calculator.
- Lastly, click here for more information about why Fort Collins is consistently ranked in the top cities to live in!
Desired Start Date
11/04/2024
Position End Date (if temporary)
To ensure full consideration, applications must be received by 11:59pm (MT) on
09/15/2024
Description Of Work Unit
Founded in 1870, Colorado State University is among the nation's leading research universities and enrolls approximately 32,000 undergraduate, graduate, and professional students. Located an hour north of the Denver metro area, Fort Collins is a vibrant community of approximately 157,000 residents that offers the convenience of a small town with all the amenities of a large city. Fort Collins is situated on the Front Range of the Rocky Mountains with views of 14,000 foot peaks, and offers access to numerous cultural, recreational, and outdoor opportunities.
The goals of the Office of Risk Management & Insurance are to develop and manage programs to monitor, reduce or lessen the impact of CSU losses, and to provide risk management support campus wide.
Position Summary
The goals of the Office of Risk Management & Insurance are to develop and manage programs to monitor, reduce or lessen the impact of CSU losses, to provide risk management support campus- wide and determine whether the university's risk appetite and risk mitigation measures are in line with CSU's strategic goals, mission and values. The Director/ Chief Risk Officer for the Office of Risk Management & Insurance is the primary individual responsible for the organization's risk management policies, objectives and initiatives, and is the top risk expert at CSU. This position is also responsible for the goals of the department, performance of its vendors, and management of staff. Position is responsible for managing CSU's property and casualty self-insurance program. The department comprises of experts in the field of insurance, ergonomics, liability, workers compensation, risk management, business continuity planning and temporary modified duty. Position seeks ways to optimize risk decision making using a multiple techniques and solutions, including collaboration and relationship building.
Position reports to the AVP of Safety and Risk Services. Position is responsible for the overall operations for RMI. RMI is responsible for workers compensation, ergonomics, CPR/ AEDs, temporary modified duty, business continuity planning, institutional risk management, risk management, insurance, certificates of insurance, claims management, international travel, emergency response for international incidents (employees), drones, auto insurance, and alcohol at special events.
Given nature of position, position is expected to have a wide latitude of managerial authority and decision making responsibilities.
Required Job Qualifications
- Bachelors degree in Business Administration, Risk Management, or related field (i.e. Law, Insurance) and 5 years of experience in Risk Management and Insurance.
- Minimum of 3 years' progressive supervisory and management experience
Preferred Job Qualifications
- Masters Degree in Business Administration, Risk Management, or related field (i.e. Law, Insurance)
- Demonstrated experience in managing self-insurance programs and commercial insurance portfolios.
- Experience in contract review and indemnification processes.
- Experience in workers' compensation program oversight.
- Skills in financial modeling, reserve development, and forecasting.
- Proven ability to lead and work collaboratively with cross-functional teams
- Commitment to continuous professional development and staying current with industry trends and best practices.
- Advanced skills in financial modeling, reserve development, and forecasting.
Diversity Statement
Personal or professional commitment to diversity and inclusion as demonstrated by persistent effort, active planning, allocation of resources and/or accountability for diversity and inclusion outcomes.
Essential Duties
Job Duty Category
Insurance Program Management
Duty/Responsibility
- Manage CSU's Property & Casualty self-insurance program.
- Develop, implement, monitor, and administer self-insurance program. Determine appropriateness of expense, set 5-year projections, model and predict reserve development, and set metrics to measure the effectiveness of reserves.
- Periodically review and determine whether self-insurance or commercial insurance coverage is the best mechanism for financing risk. Review appropriateness of retentions and deductibles.
- Project manage the University's annual insurance renewals, review coverage forms, premiums, and provide instructions to bind coverage. Ensure no lapse or unforeseen gaps in coverage.
- Insurance (as a general duty encompassing the above points).
Percentage Of Time
25
Job Duty Category
Contract and Indemnification Management
Duty/Responsibility
- Review of insurance provisions in CSU sponsored program, vendor, partner, and facilities contracts. Provide training and support for FTE support.
- All contracts that require CSU indemnification obligations have to be assessed, reviewed, and approved by RMI.
- Requests for CSU certificates of insurance require review and approval. Position has trained FTE to complete this function. Provide support, training, and back up for FTE.
- Contract review (as a general duty encompassing the above points).
Percentage Of Time
25
Job Duty Category
Risk Management and Business Continuity
Duty/Responsibility
- Advice to departments, programs, on drafting risk management plans, providing advice on identification of risk, and implementation of risk treatment plans.
- Approves drone requests by third parties. Collects information on all CSU-owned drones to ensure adequate drone liability coverage.
- Provides risk management best practices recommendations to departments or programs that involve minors.
- Assists in the identification of risk, and risk treatment plans to minimize risk of harm to individuals. Collaborates with other campus professionals (EHS, CSUPD, Facilities).
- Alcohol beverage event support.
- Reasonable Suspicion of Impairment testing program.
- Committee support.
- Vendor management - Broker, Third Party Administrator, RMIS. Responsible for selection and appointment of vendors, ensuring contractual performance obligations.
- Workers Compensation - Oversight of program. Quarterly claim reviews, KPI metrics, and ergonomics program oversight. CSU is self-insured in Colorado but purchases insurance for out-of-state operations and DBA exposures.
- International Risk Management, including chairing ITOC, supervision of International Risk Manager, emergency response coordination for international emergencies, and institutional risk management framework implementation.
- Institutional Risk Management framework implementation, leading Taskforce, or a committee, reporting and recommendations to leadership, maintaining CSU's Institutional Risk Register, and providing reports on institutional risks.
Percentage Of Time
25
Job Duty Category
Regulatory Compliance and Reporting
Duty/Responsibility
- Ensure compliance with regulatory requirements (e.g., Colorado WC Self-Insurance Permit, US DOL DBA Permission to Self-Insure).
- Prepare and present risk management presentations and training on various topics (e.g., Insurance 101, business continuity, authorized field trip risk management plans).
- Budget oversight, including RMI operations budget, insurance mandatory costs, charges to Non RI departments, oversight of a ~$6M self-insurance reserve program, and preparation of 5-year projections and forecasts.
- Supervision of staff, training of staff, professional development of staff. Ensure staff are meeting performance and deliverables, have necessary training, and support their professional development objectives.
Percentage Of Time
25
Application Details
Special Instructions to Applicants
CSU is committed to full inclusion of qualified individuals. If you are needing assistance or accommodations with the search process, please reach out to the listed search contact.
To apply, please upload a cover letter that addresses the required and preferred job qualifications, a resume, and the contact information for three professional references. References will not be contacted without prior notification to candidates. Please note, applicants may redact information from their application materials that identifies their age, date of birth, or dates of attendance at or graduation from an educational institution.
Conditions of Employment
Pre-employment Criminal Background Check (required for new hires)
Search Contact
EEO Statement
Colorado State University is committed to providing an environment that is free from discrimination and harassment based on race, age, creed, color, religion, national origin or ancestry, sex, gender, disability, veteran status, genetic information, sexual orientation, gender identity/expression, or pregnancy in its employment, programs, services and activities, and admissions, and, in certain circumstances, marriage to a co-worker. The University will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. Colorado State University is an equal opportunity and equal access institution and affirmative action employer fully committed to achieving a diverse workforce and complies with all Federal and Colorado State laws, regulations, and executive orders regarding non-discrimination and affirmative action. The
Office of Equal Opportunity is located in 101 Student Services.
The Title IX Coordinator is the Director of the Office of Title IX Programs and Gender Equity, 123 Student Services Building, Fort Collins, CO 80523-0160, ([redacted], .
The Section 504 and ADA Coordinator is the Director of the Office of Equal Opportunity, 101 Student Services Building, Fort Collins, CO 80523-0160, ([redacted], .
The Coordinator for any other forms of misconduct prohibited by the University's Policy on Discrimination and Harassment is the Vice President for Equity, Equal Opportunity and Title IX, 101 Student Services Building, Fort Collins, Co. 80523-0160, ([redacted], .
Any person may report sex discrimination under Title IX to the
Office of Civil Rights, Department of Education.
Background Check Policy Statement
Colorado State University strives to provide a safe study, work, and living environment for its faculty, staff, volunteers and students. To support this environment and comply with applicable laws and regulations, CSU conducts background checks for the finalist before a final offer. The type of background check conducted varies by position and can include, but is not limited to, criminal history, sex offender registry, motor vehicle history, financial history, and/or education verification. Background checks will also be conducted when required by law or contract and when, in the discretion of the University, it is reasonable and prudent to do so.
