Manager Insurance & Risk Operations

$46,500 - $104,629/Yr

R1 RCM - Chicago, IL

Full-time - Manager

Chicago, IL

10,001+ employees

Professional, Scientific, and Technical Services

About the position

The Manager of Insurance & Risk Operations at R1 RCM is responsible for overseeing risk reporting, evaluation, and mitigation across all operations. This role involves close collaboration with management to identify and address risks, manage insurance operations, and ensure compliance with regulatory requirements. The position requires strong analytical skills and the ability to communicate effectively with various stakeholders, including senior management and external partners.

Responsibilities

• Analyze, identify, and estimate the financial impact of risks to the company.
• Work with insurance brokers and carriers to obtain appropriate coverages and manage claims.
• Ensure contractual insurance requirements are met and explore alternatives for additional coverages.
• Research regulatory requirements and best practices to develop risk strategies.
• Evaluate estimated risks against company-established criteria.
• Develop policies and procedures for risk mitigation.
• Track vendor certificates of insurance and ensure compliance with customer contracts.
• Serve as a subject matter expert for insurance-related issues and interface with various departments.
• Stay current with updates to applicable statutes, regulations, and laws.
• Identify and implement performance and process improvements.
• Assist with risk assessments to monitor compliance with laws and regulations.
• Attend and lead company and client committees related to core responsibilities.
• Build strong relationships with clients and employees to promote trust and respect.
• Drive operational excellence to improve quality and customer satisfaction.

Requirements

• Bachelor's degree in business or risk management, or equivalent experience of more than 5 years in a similar role.
• Minimum of 4 years of progressive experience in insurance and risk management positions.
• Strong knowledge of insurance and risk management practices, including ERM programs.
• Experience procuring insurance and working with insurance brokers.
• Experience with filing and management of claims with carriers.
• Excellent analytical and problem-solving skills.
• Excellent verbal and written communication skills.
• Ability to coordinate and influence others across the organization.
• Particular experience in insurance and risk management related to a healthcare environment preferred.
• Formal risk management training preferred.
• Effective computer skills including Microsoft Office products.

Nice-to-haves

• Finance-related degree, certification, or prior related work experience preferred.
• Particular experience in insurance and risk management related to a healthcare environment preferred.

Benefits

• Competitive benefits package including health insurance, retirement plans, and paid time off.