University of Alberta

Director of Insurance & Risk Assessment

Insurance & Risk Assessment

Competition No.  -    A105432546
Closing Date  -    Will remain open until filled.

The Director of Insurance & Risk Assessment (I&RA) provides leadership, knowledge and expertise in support of a culture of enterprise risk management while developing and providing a comprehensive insurance program for the University of Alberta. Operating within the risk tolerance, policies and procedures of the University, the Director works in partnership with a diverse group of individuals and departments as well as the University’s insurance providers. This position reports to the Associate Vice-President (Risk Management Services) and leads a team of professionals responsible for identifying emerging risk and insurance trends and issues, developing and implementing proactive risk mitigation programs and practices, implementing change management strategies, ensuring that I&RA’s programs are integrated within the University’s enterprise risk management framework, and developing and maintaining a comprehensive insurance program that enables the University to carry out its academic plan and achieve its vision.

Responsibilities and Activities:

Strategic & Operational Leadership

  • Leads the I&RA team in the development of a strategic priorities that supports the goals of the Risk Management Services portfolio, including a set of department objectives and performance measures
  • Supervises a staff of two risk analysts
  • Effectively resolves any issues that prevent the team from fulfilling its responsibilities
  • Provides the team with professional development opportunities to meet regulatory requirements and strive for continuous improvement
  • Ensures that the team works within a challenging and rewarding work environment

Strategic Partnerships

  • Works with insurance providers and brokers to plan and coordinate the University’s insurance program to integrate with the University’s enterprise risk management program, mitigate risk, and maximize insurance coverages while managing the costs of insurance to the institution
  • Develops a comprehensive understanding of the unique needs and operations of  University Faculties, units and student groups in order to create proactive risk management programs and implement the appropriate insurance coverages
  • Facilitates discussions around university-wide priorities and the role of I&RA in supporting the achievement of those priorities
  • Plans and conducts evaluations of potentially higher risk activities and work in partnership with stakeholders to mitigate the risks
  • Provide support to stakeholders regarding interpretation of programs and policies designed to manage and mitigate risk
  • Build strong working relationships with Workers Compensation Board personnel
  • Build strong working relationships and liaise with peers at other post-secondary education institutions in Canada and the U.S. to remain informed and share ‘best practices’ in insurance and risk management

Management of Insurance Programs

  • Oversees and reviews the annual compilation and reporting of the University’s property values
  • Oversees the negotiation and preparation of annual insurance policies to ensure adequacy and comprehensiveness of coverages and mitigation of risk through the transfer of risk to insurance
  • Oversees and coordinates with key stakeholders the University’s Owner Controlled Insurance Program for major capital projects
  • Ensures the effective management of the university’s claim administration processes, including the timely closing of claims and the analysis of claims data to inform loss prevention programs
  • Ensures the effective management of the University’s self-insured and deductible programs including the management of premium costs through the appropriate use of deductibles
  • Liaises with the University’s General Counsel, insurers, adjusters, brokers and other parties to effectively manage all insurance claims including the maintenance of all necessary accounting and documentation

Program Development & Delivery

  • Proactively develops and implements programs and services for the University community to enhance the culture of risk management and mitigate the University’s risk
  • Through the collection and analysis of data, identifies risk issues and trends that will influence the development and delivery of programs and services in support of the University’s Strategic Plan
  • Plans, organizes and directs unit activities
  • Plans and conducts evaluations of potentially higher risk activities
  • Prepares documents, annual reports (including the Legislative Compliance Report, and the Insurance Report) and supporting materials for submission to the Associate Vice President (Risk Management Services
  • As required, responds to critical safety and health accidents or incidents impacting the University’s safety and insurance programs
  • Participates in accident/incident investigations
  • Integrates with other Offices in the Risk Management Services portfolio the development and delivery of university-wide insurance and risk management programs for faculty, staff and students

Financial Management

  • Works with Financial Services to complete all necessary year-end financial activities and reconciliations to close the year-end financial statements
  • Manages the annual insurance premiums budget and the University’s self-insured program
  • Manages the operating budget of the I&RA Office

Contract Review

  • Reviews and analyzes a wide variety of contracts and agreements from medium to highly-complex subject matter (including but not limited to research, supply and services, domestic and international student placements, and construction) for insurance, indemnification and risk to manage the University’s contractual liability
  • Understands and remains current with insurance and risk management issues relating to contracts, agreements, obligations and covenants

Knowledge, Skills and Abilities:

  • Minimum of an Undergraduate degree; a Law degree or legal training and extensive experience in working with legal counsel would be particularly advantageous
  • Minimum ten years of experience in an insurance and risk management position within a complex decentralized organization; experience in the public sector is an asset
  • Canadian Risk Management (CRM) or similar designation
  • Chartered Insurance Professional (CIP) or similar designation
  • Proven leadership, management and communication skills
  • Experience in assessing, designing and implementing enterprise risk capabilities within a complex organization
  • Ability to undertake analysis on emerging risks and develop appropriate reporting and presentation materials
  • Extensive knowledge of all lines of commercial insurance and insurance operations, including the brokering of coverage, underwriting, reinsurance, and claims administration
  • Knowledge of reciprocal insurance exchange operations would be highly-desired
  • Knowledge of Workers Compensation Board (WCB) legislation, coverage, and procedures; experience in dealing with queries about WCB coverage
  • Experience in contract review for insurance and indemnification provisions
  • Experience in developing and presenting proactive risk management education sessions, effectively using various forms of media to inform both large and small audiences
  • Proven ability to make and sustain meaningful client relationships, including but not limited to identifying opportunities to assist clients in assessing risk and implementing appropriate risk management and insurance programs
  • Basic accounting and budget knowledge to manage the unit’s budget and balance and reconcile all accounts

In accordance with the Administrative and Professional Officer Agreement, this full-time continuing position offers a comprehensive benefits package found at www.hrs.ualberta.ca and annual salary range of $77,211 - $128,683.

This position is located at 1204 College Plaza, 8215 112 Street, Edmonton AB T6G 2C8.

To assist the University in complying with mandatory reporting requirements of the Immigration and Refugee Protection Act (R203(3) (e)), please include the first digit of your Canadian Social Insurance Number in your application. If you do not have a Canadian Social Insurance Number, please indicate this in your application.

This search is being managed by an external provider. Please click here to learn more about this position.

All qualified candidates are encouraged to apply; however, Canadians and permanent residents will be given priority. If suitable Canadian citizens or permanent residents cannot be found, other individuals will be considered.

The University of Alberta is committed to an equitable, diverse, and inclusive workforce. We welcome applications from all qualified persons. We encourage women; First Nations, Métis and Inuit persons; members of visible minority groups; persons with disabilities; persons of any sexual orientation or gender identity and expression; and all those who may contribute to the further diversification of ideas and the University to apply.