Risk Manager
Wellesley College

At Wellesley, our mission is to deliver an outstanding liberal arts education
to women who will make a difference in the world. Our collaborative
community, comprising faculty, students, staff, and alumnae, is guided by
our shared values. We champion intellectual discovery and excellence,
uphold gender equality as foundational to progress, affirm diversity as
crucial to educational excellence, value connection and community, empower
individuals for social change, and commit to integrity and academic freedom
in our pursuit of knowledge. Join us in this transformative journey!

When applying for the position, please ensure a thorough review of the job
details. If you are an internal employee, kindly utilize the internal portal on
Workday for your application. Prepare a comprehensive resume/cv and cover
letter for upload. Acceptable formats for these documents are either PDF
(.pdf) or Word (.doc).

Job Posting Title
Risk Manager

Job Description Summary
Admin Exempt

Job Description
The Risk Manager will be responsible for the daily administration, record-keeping and oversight of insurance programs and policies across a broad range of loss types. This includes maintenance of the relationships with third party service providers (brokers, insurers, TPAs etc.) and acting as the primary liaison with those service providers, preparing recommendations regarding the purchase of insurance policies and services, administration of claims and loss control activities, preparation of loss analyses and budgets, and ensuring compliance with insurance procedures and full utilization of loss prevention services. In addition, the Risk Manager will assist the General Counsel in providing support to the compliance functions of other divisions and departments across the College. This will include collaborating in the development, implementation and maintenance of policies, procedures and training programs designed to minimize risk and ensure campus compliance with legal and regulatory requirements as well as ongoing administration and oversight of particular compliance programs.

Primary Position Responsibilities

INSURANCE

• Work with College leadership to identify exposures, recommend solutions and implement approved programs and to ensure proper, financially responsible insurance coverage for institutional losses.
• Assist in the review and analysis of insurance programs for effectiveness of coverage, costs and losses and prepare recommendations for the purchase of appropriate levels of insurance policies and services for the College to the Vice President of Finance and Administration. Prepare insurance bid specifications and evaluate bids, recommend or conclude insurance contracts and complete the renewal process of insurance programs. Some insurance may be arranged and purchased through The Boston Consortium Risk Management Group (TBCRMG).
• Prepare insurance budgets for the Vice President of Finance and Administration.
• Maintain the relationships with third party service providers (brokers, insurers, state insurance administrators, etc.) and act as the primary liaison with those service providers.
• Manage the daily administration, record-keeping and oversight of insurance programs and policies across a broad range of loss types.
• Maintain current exposure records (property, auto, etc.) and support campus personnel who have requests for certificates of insurance.

CLAIMS

• Manage insured and self-insured claims and loss control activities, including general liability, property, auto and employment practices liability, coordinating with the General Counsel on major claims and otherwise keeping the General Counsel informed.
• Prepare loss analyses and budgets and ensure compliance with insurance procedures and full utilization of loss prevention services.
• Assist human resources and environmental health & safety with managing workers' compensation claims as may be needed.
• Assist human resources and student health services with managing employee or student health insurance claims as may be needed from time to time.

DATA MANAGEMENT

• Perform the duties of a system administrator of the risk management data system. This includes responsibility for accuracy of information entered, generation of loss reports to identify trends and make recommendations to mitigate risk.
• Mine databases (risk management information system, insurer claim databases, loss prevention reports and industry information, etc.) and interact with insurance company loss prevention representatives to determine and evaluate loss trends and recommend loss prevention activities.
• Review any insurance audits for accuracy.

COMPLIANCE AND RISK MANAGEMENT INITIATIVES AND PROGRAMS

• Assist the General Counsel in providing support to the compliance functions of other divisions and departments across the College.
• Stay apprised of applicable statutes and their potential impact on the College's compliance programs
• Research and report on new risks and risk management strategies as may be needed.
• Collaborate on the development, implementation and maintenance of policies, procedures and training programs designed to minimize risk and ensure campus compliance with legal and regulatory requirements.
• Collaborate on the implementation of contract management program, including finalizing policy and compiling database.
• Assist in review of contracts, particularly insurance and indemnification provisions.
• Ongoing management and oversight of particular compliance programs, such as the minors on campus and driver certification programs.
• Represent the College at the TBCRMG meetings and participate in TBCRMG activities and committees.

Required Qualifications

• BS/BA degree in Business, Finance, Insurance, Risk Management or related area
• Three to five years full-time experience in planning or operations of risk management, property or casualty insurance programs or closely related experience
• Demonstrated abilities in areas of organization, managerial and interpersonal skills
• Knowledge of property and casualty insurance coverage and familiarity with insurance policies and loss prevention concepts
• Knowledge of the principles and procedures for the investigation and processing of property and liability insurance claims
• Experience in forecasting and analysis of risk metrics
• Strong computer skills, including word processing, database and spreadsheets, with the ability to develop and maintain data tracking tools and systems
• Strong oral and written communication skills, including the ability to develop and deliver presentations and the ability to present risk findings and make recommendations in a clear, concise manner

Preferred Qualifications

• Professional certification in the field of Risk Management
• Experience purchasing/managing commercial property and casualty insurance
• Work experience in higher education

Company Description

Wellesley's mission is to provide an excellent liberal arts education to women who will make a difference in the world. We advance our mission by working together as a community-faculty, students, staff, and alumnae.

Embark on a fulfilling career journey at Wellesley College, where we prioritize your well-being and professional growth. As a valued member of our team, you'll enjoy a comprehensive array of benefits and resources designed to enhance both your work-life balance and long-term success.

Competitive Compensation: Experience competitive wages ensuring your dedication is recognized and rewarded.
Exceptional Benefits Package: Access a comprehensive benefits package, including health, dental, vision and pre-tax saving benefits, life insurance, disability coverage, and more to safeguard your health and that of your loved ones.
Commuting and Transportation: Enjoy the convenience of free parking on our picturesque campus, easily accessible from major roadways. We are also accessible via the MBTA commuter rail.
Paid Time Off : Take advantage of paid vacations, personal days, sick time, and holidays to recharge and maintain a healthy work-life harmony.
Retirement Savings : Plan for the future with our retirement savings plan. Wellesley College contributes up to 10.5% towards your 403(b) plan for eligible employees
Work/Life and Wellness: A hybrid work environment for select positions (additional details will be provided during the interview process), caregiving support through Wellthy, legal plan insurance, pet insurance discount and a variety of other resources including retirement planning, free onsite and virtual fitness classes and access to cultural and leisure activities throughout metro-Boston.
Professional Development: Enhance your skills and explore growth opportunities through continuing training and pathways for growth within our supportive environment.
Tuition and Education Benefits : Invest in your education with tuition benefits, and access resources to navigate student loan forgiveness, reinforcing our commitment to your ongoing learning.
Campus Privileges : Enjoy free use of our state-of-the-art athletic and fitness facilities with onsite fitness classes, Library resources, and seize opportunities to attend diverse campus events that contribute to a vibrant community.

Apply today and take your first step toward a rewarding career with Wellesley College - where your unique strengths and success are celebrated as part of our shared commitment to inclusivity!

Worker Sub-Type
Administrative

Time Type
Full time

EEO Statement
At Wellesley, we embrace and honor difference and diversity. We believe the best ideas-the best solutions-draw on a range of voices, perspectives, and experiences. As a college, and as a community, we are dedicated to assuring that all members for the Wellesley community have an equal opportunity to flourish.

Wellesley College is an Equal Opportunity Employer, committed to the diversity of the college community and the curriculum . Wellesley College and all its subcontractors shall abide by the requirements of 41 CFR 60-1.4(a), 60-300.5(a) and 60-741.5(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or individuals with disabilities, and prohibit discrimination against all individuals based on their race, color, religion, sex, sexual orientation, gender identity or national origin. Moreover, these regulations require that Wellesley College and all of its subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability or veteran status. Candidates who believe they can contribute to that goal are encouraged to apply.

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