Senior Manager, Risk Management & Captive Operations

Health Care Service Corporation
Chicago, IL Full Time
POSTED ON 4/14/2024

At HCSC, we consider our employees the cornerstone of our business and the foundation to our success. We enable employees to craft their career with curated development plans that set their learning path to a rewarding and fulfilling career.

Come join us and be part of a purpose driven company who is invested in your future!

Job Summary

Located in Chicago, IL, this Senior Risk Manager is responsible for the Corporate Risk Management function inclusive of: risk finance, Captive insurance company reporting and oversight, loss prevention, and claims management.

Required Job Qualifications:

  • Bachelor's Degree in Risk Management, Business Administration, Economics, Accounting, Finance or relevant degree.
  • 8 years of experience in Risk Management, Claims Administration, Insurance Brokerage or Underwriting.
  • Qualified Risk Manager under the Nonadmitted and Reinsurance Reform Act (NRRA).
  • Expert in P&C Insurance, including appropriate federal and state legislation, reporting requirements.
  • Has deep knowledge of commercial insurance programs, self-insured funding, retention structures.
  • Clear and concise interpersonal, verbal, & written communication skills.
  • Project Management skills to bring assignments to completion.
  • PC proficiency in Word, Excel, PowerPoint.
  • Ability to travel including overnight stays 10%.

PREFERRED JOB REQUIREMENTS

  • Advanced degree.
  • ARM, CRM, or CPCU designation.
  • Insurance producer license.
  • Vendor management experience; developing relationships with insurance brokers, Property & Casualty underwriting community, and other third-party administrators, and other risk-related service providers.
  • Proficiency in RMIS Risk Management System, insurance policy databases and electronic files.
  • Experience designing, negotiating and approving Property and Casualty Insurance for the Enterprise.
  • Subject Matter Expert with securing, preparing & updating renewal applications for various insurance policy renewals - Managed Care/ Errors & Omissions, Directors & Officers, Employment Practices, Fidelity Bond, Cyber Privacy, Fiduciary, General Liability, Auto, Property, Umbrella, and other special lines of coverage; conducts underwriting presentations to insurance markets
  • Experience managing day to day operations of the Company's captive insurance company, including monthly claims reporting, annual regulatory filings and audit.
  • Ensuring an efficient risk financing process minimizing insurance premium increases.
  • Ensuring effective management of claims process including capitalizing on opportunities for HCSC to maximize claim recoveries from insurance carriers.
  • Effectively manage a small team of direct reports.

We offer a flexible work arrangement with 3 days in the office and 2 days working from home.

Relocation is not provided at this time.

Sponsorship is not provided at this time.

Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!

HCSC Employment Statement:

HCSC is committed to diversity in the workplace and to providing equal opportunity and affirmative action to employees and applicants. We are an Equal Opportunity Employment / Affirmative Action employer dedicated to workforce diversity and a drug-free and smoke-free workplace. Drug screening and background investigation are required, as allowed by law. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

 

Salary.com Estimation for Senior Manager, Risk Management & Captive Operations in Chicago, IL
$114,691 to $156,592
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