Duke University Health System (DUHS) Job Descriptions
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INSURANCE MANAGER
Job Title: INSURANCE MANAGER
Job Code: 5560
FLSA: E
Job Level: G1
Revised Date: 03/26/2015
Supervisory Responsibility: YES
General Description of the Job Class
At the direction of the Assistant Vice President, Risk Management, the Insurance Manager will provide general support to the DUHS Clinical Risk Management Department.
Provide administrative direction and support to the professional liability insurance program for Duke University Health System and affiliated organizations. This support includes:
Identification of both insurable and non insurable risk
Advising department leadership and other internal clients of potential exposures
Proposing risk reduction strategies
Proposing risk financing mechanisms, including potential insurance coverage or financial transfer of risk
Maintain familiarity with insurance markets and stability
Duties and Responsibilities of this Level
Research, evaluate, and make recommendations regarding current and state of the art trends in risk financing, loss control and claims management strategies.
Assist with professional liability insurance coverage program development, including working with brokers at all levels to obtain coverage, renew coverage, and revise coverage as needed.
Provide consultation and technical advice on professional liability insurance issues relating to new programs, contracts, and affiliation agreements.
Working with Corporate Finance, maintain and continually revise as needed the financial and operational records that support the insurance, risk management, and legal operations affecting professional liability exposures.
Responsible for data management including statistical trending of losses, analysis of patterns, and analysis of incurred costs.
Responsible for data collection, verification, and transmission of exposure data to actuary, auditors and brokers, and others as required.
Review and maintain insurance policies, analyzes existing policies for coverage, endorsements and exclusions, anticipates and deals with policy expirations and renewals.
Coordinate coverage with DU Corporate Risk Management in areas where exposures and responsibilities overlap. Develop and prepare insurance program presentations as needed.
Participate in setting, documentation and ongoing evaluation of reserves.
Develop ongoing analysis of current losses as they might or will impact breach of reinsurance. Assures appropriate notifications are transmitted.
Supervise insurance support staff and oversee the documentation of provider claims histories, insurance verifications, and maintaining records of off-site and expert witness activities.
All other duties incidental to the work described herein.
Required Qualifications at this Level
Education
Work normally requires a Bachelor's degree in Insurance, Risk Management, Business Administration, Hospital Administration, Law or a closely related field.
Experience
Work requires a minimum of five years progressively responsible experience in third party insurance, risk financing or captive insurance management. Prior experience must include contract and insurance policy review and projection/management of financial reserves.
Degrees, Licensure, and/or Certification
Associate in Risk Management (ARM), or Certified Property and Casualty Underwriter (CPCU) designation preferred.
Knowledge, Skills, and Abilities
NA
Distinguishing Characteristics of this Level
NA
The intent of this job description is to provide a representative and level of the types of duties and responsibilities that will be required of positions given this title and shall not be construed as a declaration of the total of the specific duties and responsibilities of any particular position. Employees may be directed to perform job-related tasks other than those specifically presented in this description.
Duke University is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.
Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.
Essential Physical Job Functions
Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.
