About the position
We are seeking a proactive and detail-oriented Risk Management professional to identify and assess risks that could impact the State's procurements, projects, transactions, reputation, and compliance. The ideal candidate will collaborate closely with risk management personnel and government executives to develop strategies and practices that mitigate risk in projects and procurements. This role is crucial in ensuring that all aspects of risk are thoroughly evaluated and managed effectively. The Risk Insurance Manager will assist in the development of processes, policies, and procedures that govern risk management practices. This includes assisting in claims handling and process development, identifying and evaluating potential risks and vulnerabilities in contracts, procurements, projects, and leases. The successful candidate will collaborate with risk management teams and executives to create and implement action plans aimed at reducing risk factors. Additionally, the role involves gathering and analyzing multisource information to assess the risk exposure of vendors and managing the State's policies to ensure comprehensive coverage. Conducting risk evaluations and adjusting current operational methods to mitigate risk is a key responsibility. The Risk Insurance Manager will evaluate procurements to identify insurance procurement requirements and assess alternative forms of insurance or indemnification, providing feedback as necessary. Acting as an auditor, the manager will assess procurements, scopes of work, leases, and departmental requests, communicating recommendations effectively to employees regarding risk management strategies. Furthermore, the role includes providing insurance policy coverage analysis and performing other duties as required to support the risk management function.
Responsibilities
- Assist in development of processes, policies and procedures.
- Assist in claims handling and process development.
- Identify and evaluate potential risks and vulnerabilities in contracts, procurements, projects, and leases.
- Collaborate with risk management teams and executives to create and implement action plans aimed at reducing risk factors.
- Gather and analyze multisource information to assess risk exposure of vendors.
- Manage and review the State's policies to ensure comprehensive coverage.
- Conduct risk evaluations and adjust current operational methods to mitigate risk.
- Evaluate procurements to identify insurance procurement requirements.
- Evaluate alternative forms of insurance/indemnification and provide feedback.
- Act as an auditor to assess procurements, scopes of work, leases, and departmental requests.
- Communicate recommendations effectively to employees regarding risk management strategies.
- Provide insurance policy coverage analysis.
- Perform other duties as required.
Requirements
- In-depth knowledge of risk management policies and industry best practices.
- Exceptional verbal and written communication skills.
- Strong supervisory and leadership abilities.
- CPCU or CRM certification preferred.
- Excellent mathematical, critical thinking, analytical, and problem-solving skills.
- Proficiency in Microsoft Office Suite for report preparation and policy formulation.
- 11+ years of experience in risk management or related fields.
- 8 years of experience in a senior level role.
- 9 years of experience in credit analysis.
