Vice President of Risk Management

It's a great feeling to work for a company that does so much good for others around the world

This position is an on-site position in San Antonio, TX. Candidates who live outside the San Antonio, TX Metro area must be willing to relocate if selected. Relocation assistance will be provided

Academic Req: Bachelor's degree in risk management, insurance, business administration, or a related field.

Certifications: Professional certification (e.g., CPCU, ARM).

Work Experience: Minimum of 7 years of experience in risk management and insurance. Proven experience in managing insurance policies, claims, and renewals.

Summary
The Vice President (VP) of Risk Management is responsible for the development, enhancement and implementation of successful property and casualty risk and insurance programs for FirstDay Foundation and its affiliates. This includes the attainment of optimal risk management and cost outcomes, through claims management and oversight strategies. This role will involve close collaboration with a broker to handle all aspects of insurance policies, including claims management, policy renewals, and risk assessments.

Critical Action Items & Measurable Deliverables:
Risk Management:
1. Develop, implement, and manage a comprehensive risk management program for FirstDay Foundation and affiliate non-profit organizations.
2. Conduct risk assessments and identify potential risks to the organization and its affiliates.
3. Develop risk mitigation strategies and ensure they are effectively implemented.
4. Monitor and evaluate the effectiveness of risk management strategies and make necessary adjustments.
5. Set risk management standards, provide orientation, and enhance awareness and skills throughout the organization.
6. Identify and analyze trends to continuously improve the risk management approach, including the identification of gaps in processes and capabilities.
7. Develop/enhance risk management processes, tools, and templates to facilitate the identification, assessment, and reporting of risks.
8. Develop and maintain risk monitoring and reporting structures, including reporting dashboards, risk registers, templates, and supporting documentation.
Insurance Management:
1. Collaborate with insurance brokers to manage all insurance policies for the organization and its affiliates.
2. Oversee the procurement of insurance coverage, ensuring adequate and cost-effective policies.
3. Manage the renewal process for all insurance policies, ensuring timely renewals and continuous coverage.
4. Handle all aspects of claims management, from filing to resolution, and maintain accurate records of all claims.
5. Examine the use of realistic and cost-effective opportunities to balance retention programs with commercial insurance.
6. Assist in the review of major contracts, proposed facilities, and/or new program activities for loss and insurance implications.
Policy Development and Compliance:
1. Develop and update risk management policies and procedures to ensure compliance with regulatory requirements.
2. Ensure all affiliate organizations are informed and compliant with risk management policies and procedures.
3. Establish data and procedures to adhere to compliance and verification processes for internal and external audits and departmental policies for maintenance of current and historical data and coverage information.
4. Provide for the establishment and maintenance of records including insurance policies, claim and loss experience.
Relationship Management:
1. Develop and maintain internal and external relationships, including insurers, insurance brokers, actuarial services, third party administrators, and other stakeholders.
2. Collaborate with underwriters and other team members to negotiate terms and conditions on behalf of affiliate clients.
3. Act as the primary point of contact for affiliate organizations regarding risk management and insurance issues.
4. Provide expert advice and guidance to senior management and affiliate organizations on risk-related matters.
Training and Awareness:
1. Collaborate with the Learning and Development group to develop training for FirstDay Foundation and affiliate organizations on risk management practices and insurance matters.
2. Build risk awareness amongst staff by providing support and training.
Financial Responsibilities:
1. Assist in preparing risk management and insurance budgets and allocate claim costs and premiums.
2. Oversee management related financial responsibilities, including quarterly and year-end production of current liabilities reporting, forecasting, claim analyses, trending, and related activities.
3. Provide a methodology to identify and analyze the financial impact of loss to the organization, employees, the public, and the environment.

Other Responsibilities:
1. Direct and perform due diligence on potential acquisitions and direct appropriate closeout, merger, and dissolution activities.
2. Produce risk reports working with key contributors and support the analysis of significant risks and the appropriate mitigation measures.
3. Support senior leaders to drive a risk culture across the organization and ensure the effective operation of enterprise risk management.
4. Lead goal setting, selection, performance, and cost management of internal and external resources.
5. Other responsibilities as directed by the organization and as appropriate.

Requirements:
1. Possess strong risk management technical skills, including but not limited to expertise risk management/claims management.
2. Possess strong technical knowledge of general insurance market conditions and specific insurance carrier underwriting appetites.
3. Strong analytical and problem-solving skills with the ability to identify and mitigate risks effectively.
4. Excellent communication and interpersonal skills, with the ability to build strong relationships with diverse stakeholders.
5. Strong organizational skills with the ability to manage multiple tasks and priorities effectively.
6. Proficiency in using risk management and insurance software and tools.
7. Proficient in the use of Microsoft Office applications.
8. Demonstrated discretion and ability to maintain confidential information.
9. Work with minimal supervision, including coordination with geographically disparate stakeholders and tight deadlines.
10. Travel 25%.
11. Valid drivers license and clear background check.

FirstDay Foundation is committed to following immunization recommendations produced by the U.S. Centers for Disease Control (CDC). As such, our company policy requires that all employees must receive an annual Influenza vaccination or obtain an approved exemption from FirstDay Foundation as a medical or religious accommodation. This is a condition of employment, and all new hires will be responsible for providing proof.

Here at FirstDay Foundation, we are dedicated to building a diverse, inclusive, and authentic workplace. Please feel free to apply for this position even if your work experience and education do not align perfectly with every requirement for this job description. You may very well be the perfect candidate for this role or other ones that we have open. Thank you for your interest in joining our mission

FirstDay Foundation is an Equal Employment Opportunity ("EEO") Employer. It has been and will continue to be a fundamental policy of BCFS HHS, not to discriminate on the basis of race, color, religion, gender, gender identity, pregnancy, sexual orientation, age, national origin, alienage or citizenship status, veteran or military status, disability, medical condition, or any other characteristic prohibited by federal, state and/or local laws. This policy applies to all aspects of employment, including hiring, promotion, demotion, compensation, training, working conditions, transfer, job assignments, benefits, layoff, and termination
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