Director, Risk Management

Princeton University
New Jersey, United States
Salary Not specified
Posted date
Oct 19, 2021

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Position Type
Faculty Positions, Business & Management, Business Administration
Employment Level
Salary Band
Not specified
Employment Type
Full Time

Princeton University's Office of Finance and Treasury seeks an experienced risk manager to serve in the role of Director, Risk Management. The Director is responsible for a wide range of strategic and operational activities involving University insurance and risk programs including the management of the University's property/casualty insurance program, coordination of claims management activities for all property/casualty claims with insurance carriers, and the management of third party claims administrators.

The Director executes risk management approaches in collaboration with the Office of General Counsel. Activities include adjusting self-handled claims, review of contracts and leases to ensure compliance with University insurance requirements, the oversight and management of all RM department responsibilities associated with the University's Fleet Safety Program, coordination of the Property Insurance Program, and oversight and management of the University's self insured workers' compensation program. The Director represents the Department on a variety of University committees and work groups, and for provides day- to- day risk management advice and support as requested to academic and administrative departments and student and alumni groups in line with University policies and guidelines.

The Office of Finance & Treasury actively searches for staff members of exceptional ability and promise who share in Princeton University's commitment to excellence, and who present a diversity of viewpoints and cultures. We offer varied professional opportunities spanning all aspects of financial management, analysis, and processing in support of the teaching and research mission. As part of the University community, we respect the dignity and individuality of each member while trying to foster a sense of shared experience and common purpose. We are unwavering in our commitment to both diversity and community and embrace the variety of talents, backgrounds, and perspectives of all of our colleagues.

Primary responsibilities include:
  • Administration of a variety of activities associated with the annual renewal of the University's property/casualty program
  • Coordination of all property carrier inspections, site visits and construction project plan reviews with the assistance of the various Facilities departments
  • Manages the reporting of all insured claims to the proper insurance carrier, third party claims administrator/s and insurance broker/s in accordance with internal and/or carrier reporting requirements
  • Manage and adjust all self-handled auto, property and general liability claims up to the Associate Director's settlement authority
  • Responsible for coordinating claims handling activities with the Office of General Counsel, as applicable, and for ensuring that insurance carriers and /or third party claims administrators receive all required documentation for claims in litigation including legal expenses
  • With the support of the Insurance Coordinator, maintain internal and carrier claims loss runs, open and closed claims reports and for preparing periodic claims trending reports
  • Primary contact for all departments and student and alumni groups requiring assistance in the review of contracts or leases to ensure compliance with University insurance requirements and guidelines
  • Oversight and management of all Risk Management department activities outlined in the University Fleet Safety Policy
  • Development and implementation of policies and procedures as applicable for all areas of direct responsibility and assisting in the development of other risk management department policies as applicable
  • Provide oversight and management of the University's Self-insured workers' compensation program
Essential Qualifications:
  • Bachelor's degree or 7+ years of relevant experience in risk management
  • Proficiency in MS Excel
  • Prior experience in insurance or claims management
  • Experience working in a Risk Management department in a university or corporate setting
  • Excellent communication and customer service skills
  • Able to work independently and apply a high degree of judgment to a variety of risk related situations
Preferred Qualifications:

  • Advanced degree or Risk Management certification/s
  • Captive Management experience

Princeton University is an Equal Opportunity/Affirmative Action Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law. EEO IS THE LAW


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