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President & CEO

Employer
Educational & Institutional Insurance Administrators
Location
Illinois, United States
Salary
Salary Not specified
Date posted
Dec 16, 2021

View more

Position Type
Executive, Chancellors & Presidents, Other Executive
Employment Level
Executive
Employment Type
Full Time

EIIA, President & CEO

 

Educational & Institutional Insurance Administrators (“EIIA”) was founded in Chicago in the mid 1960's, and incorporated in 1976, by the General Board of Higher Education and Ministry of the United Methodist Church to ensure that HBCUs and other UMC-affiliated colleges and universities would be able to obtain insurance coverage at reasonable rates while also ensuring that the coverage provided would be of high quality. In addition, risk management resources and services were developed to assist in controlling costs. EIIA has grown over the ensuing years and now serves 150 institutions with more than 130 utilizing its Property & Casualty programs; more than 55 using its Employee Benefit programs; and 65 using its student programs. These institutions include faith-inspired colleges, universities, seminaries, and a limited number of secondary schools affiliated with The United Methodist Church, The Evangelical Lutheran Church in America, The Presbyterian Church (U.S.A.), The American Baptist Churches USA, and other church denominations.

 

EIIA is a member-owned not-for-profit tax-exempt 501(c)(3) Illinois corporation. EIIA is a member-driven consortium of private, faith-inspired colleges, universities, and seminaries committed to protecting the promise of higher education through the delivery of innovative insurance and risk management solutions to its Members.

 

EIIA is not just another insurance provider. It has a special mission of service reflecting its historical purpose to serve small liberal arts higher education institutions. Moreover, that service is for a particular group of institutions – specifically, faith-inspired institutions.

 

Following a governance restructuring and consolidation in 2011, EIIA opened its doors to serve small liberal arts institutions affiliated with a wide variety of church denominations. The universe of such institutions approaches nearly 1,000 institutions that may be eligible to participate in the EIIA programs. Clearly there are a sizable number of institutions that create a significant opportunity for marketing and growth of EIIA's services.

 

EIIA is fortunate to enjoy significant financial strength. Since its incorporation in 1976, the consolidated company of EIIA and its two captives have over $151 million in total assets including over $134 million held in investments to pay claims and support operations. The consolidated surplus totals over $73 million. Revenues from premiums and service fees in 2020 totaled $36 million. The two grantor trusts for the Employee Benefit and Student programs operate for the benefit of the institutions and have no net assets.

 

The President & CEO reports to the Board of Directors and oversees a staff of more than 30, including three vice presidents (Property & Casualty; Risk Management; and Finance) along with two Executive Directors leading the Employee Benefits and Student programs.

 

The President & CEO will oversee the development of strategy and the comprehensive formulation of business plans and related execution. S/he will drive operational performance and continue to foster the organization’s commitment to continuing to provide insurance and risk management services to the Member institutions at competitive prices, while maintaining the high level of service of which EIIA is justifiably proud. The Search Committee also seeks an individual interested in promoting EIIA's programs with an intent to increase the number of participating institutions without reducing the level of service to the present membership.

 

Position Specification

The EIIA Board of Directors and its appointed Search Committee are seeking a person who is an experienced leader. Indeed, leadership experience in the form of change management is at least as important as extensive experience in the insurance industry, although such experience clearly brings added value. Moreover, the capacity to attract, retain, and lead the services of highly competent insurance professionals to staff the organization is of vital importance. An appreciation for colleges and universities historically rooted in a faith-inspired tradition and understanding of higher education with, but not exclusive, focus on the residential liberal arts institutions is preferred.

 

Nominations, inquiries, and expressions of interest may be sent to EIIA@russellreynolds.com.

 

EIIA is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

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