Enterprise Risk Management Associate Director

Wayne State University is searching for an experienced Enterprise Risk Management Associate Director at its Detroit campus location.

Wayne State is a premier, public, urban research university located in the heart of Detroit, Michigan where students from all backgrounds are offered a rich, high-quality education. Our deep-rooted commitment to excellence, collaboration, integrity, diversity and inclusion creates exceptional educational opportunities which prepare students for success in a global society.

Job Purpose

The Associate Director within Enterprise Risk Management & Insurance Programs (ERM) will identify, investigate, and mitigate a variety of risk exposures both in the casualty and property insurance fields.  This position will advise University units on policies and procedures related to specific activities and provide input to the ERM Senior Director on development plans and performance evaluations, along with assisting in the short and long-range ERM objectives to create a resilient University.  The Associate Director will plan, develop, implement and/or recommend risk service program initiatives, in the management of a university wide ERM program to protect the University from loss. This position reports to the Senior Director, Risk Management. 

Essential Functions 

Responsible for assisting the ERM Senior Director in managing and administering the risk management organization to support and advance the achievement of strategic goals and objectives. 

Assist the Senior Director in conducting risk assessments across university campus which entails partnering and collaborating with WSU Internal Audit Division. 

Assist University units with the review and inspection of facilities, focusing on loss reduction.  Review and provide recommendations on insurer-issued loss prevention/loss control reports.

Facilitate the identification of risks throughout the University while developing, reporting, and monitoring formats on enterprise risk management issues and developing methodologies for the assessment of risks.  This will include assessing, organizing, managing, and documenting the ERM self-insurance program for property, vehicle, and parking claims amongst other activities as needed.

Develop, organize, and implement loss prevention/loss control tools to prioritize surveys and inspection recommendations conducted by property loss control engineers and commercial insurance representatives.

Provide oversight for the development of tools and analytics to rank University loss exposures and act as a strategic partner in identifying exposures to loss and recommending appropriate risk management strategies to eliminate or reduce the impact of loss for university units.  

Develop, organize, implement, and then assist in the management of the organizational resiliency program to ensure that recovery plans are maintained and tested per a policy or framework.

Organize, manage, and document the emergency response program which includes receipt of loss notifications; investigation of the loss in conjunction with FP&M personnel; compliance with payment procedures for Phase I and II invoices; providing approval for the release of self-insurance funds to pay invoices.

Organize and manage the Certificate of Insurance Program which includes casualty and property certificates and the administration of M.U.S.I.C. certificates to entities doing business with the University. Provide oversight of ERM personnel in the completion of insurance applications which includes M.U.S.I.C. core contracts, group purchases, and property.

Provide oversight to ensure ERM compliance with mandates such as Michigan Occupational Safety and Health Administration (MIOSHA) reporting; Michigan Universities Self-Insurance Corporation (M.U.S.I.C.) Bordereau Reporting; M.U.S.I.C. MEDMAL Reporting; Insurance Application Deadlines including Excess Workers Compensation and Out of State Workers Compensation. 

Participate in negotiating the insurance pricing of the WSU Student Athlete Insurance Program along with performing cost/benefit analysis when determining to seek request for proposals from other insurance brokers.

Organize, investigate, and adjust self-insurance claims received in ERM.  Assign and then provide oversight (when applicable) to ERM personnel when investigating and adjusting a self-insured property claim. 

Develop and maintain an enterprise risk management program manual that clearly documents roles, responsibilities, tasks, and job assignments for the unit.  The manual will identify key insurance brokers and programs that are non-M.U.S.I.C. core contracts.

WORK CONTEXT

Job Reports to: Senior Director.

Leadership Accountability: Develops policy and strategic plans.

Organizational Accountability: Manages work group within a sub-unit of a department.

Financial Accountability: Approves expenditures.

Customer Accountability: Interfaces with officials and executives.

Freedom to Act: Sets broad policies and objectives.

MINIMUM QUALIFICATIONS

Education

• Bachelor's degree.
• Bachelor’s degree from an accredited institution in business, finance, risk management or related field. An equivalent combination of education and experience may be accepted.  

Experience   

• Expert (established subject matter expert, 7+ years experience).
• Associate in Risk Management (ARM) and/or Chartered Property Casualty Underwriter (CPCU) are highly recommended.
• Experience with MIOSHA safety rules, loss prevention/loss control protocols, claim handling databases.

Knowledge, Skills, and Abilities

• Experience with commercial insurance coverages, enterprise risk management, and business continuity plans.
• Must have excellent oral and written communication skills with the ability to read, understand, explain, and negotiate complex and diverse insurance policy contract language.
• Must have strong interpersonal and leadership skills and the ability to work effectively with a wide range of university units with the intent to foster a cooperative work environment.
• Ability to gather data, compile information and prepare reports for Senior Director.
• Ability to develop, plan, prioritize and implement short and long-range goals in enterprise risk management.
• Technology Skills.
• Proficient in the use of risk management information system software; Microsoft office tools (Excel, Power Point, Word, Outlook, etc.). 

H33 - VP Finance & Business Operations

H4401 - Enterprise Risk Mngmnt & Insurance

• Regular Employee
• Job type: Full Time
• Job category: Staff/Administrative

• Compensation type: Annual Salary
• Salary minimum: $90,000
• Salary hire maximum: $98,000

Typical office environment using a hybrid model that requires 3 days in office with the potential to work additional days in office as needed.

• Number of openings: 1
• Reposted position: No

University policy requires certain persons who are offered employment to undergo a background check, including a criminal history check, before starting work. If you are offered employment, the university will inform you if a background check is required.

Wayne State University provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. The university encourages applications from women, people of color and other underrepresented people. Wayne State is an affirmative action/equal opportunity employer.