Senior Risk Management Specialist

2 days ago


Chicago, Illinois, United States Metropolitan Water Reclamation District of Greater Chicago Full time

Job Summary

The Metropolitan Water Reclamation District of Greater Chicago seeks a highly skilled Risk Management Specialist to join our team. In this role, you will assist the Risk Manager in developing and implementing risk management programs and processes, communicating these programs to operating units, and conducting departmental data analysis.

Key Responsibilities

  • Assist in the development of strategic risk management business plans, identifying and analyzing potential impact of exposures to loss, researching, evaluating, and making recommendations regarding risk management, insurance, workers' compensation, safety, loss control, and claims management.
  • Assist in the administration of Property and Casualty insurance programs, including self-insured programs.
  • Conduct evaluations of insurance, self-insurance, and other opportunities for financial risk transfer.
  • Prepare annual underwriting submissions on a timely basis for risk financing/insurance programs and assist in negotiations; review and maintain coverage; update the Schedule of Insurance, Insurance Coverage Summaries, and other pertinent documentation, as required.
  • Coordinate insurance carrier loss control inspections of District facilities; review recommendations and assist with preparation and delivery of response to insurance carriers.
  • Collect and maintain current and historical exposure and insurance coverage information.
  • Conduct contract reviews and coordinate the issuance and maintenance of incoming and outgoing insurance certificates.
  • Assist in the development of and maintain communication tools for senior management and operating personnel describing risk management policies and programs; provide expertise in policy and coverage interpretation to personnel in operating units; update risk management guidelines and procedures.
  • Analyze claims data to identify trends and advise operating units; maintain communication with the safety section, Third Party Claims Administrator (TPA), RMIS provider, and other vendors, as required; provide support for Return-To-Work program.
  • Provide support for Emergency Response Program planning, documentation, and exercises (EOP and BCP).
  • Assist in the preparation of the annual insurance and risk management budget.
  • Assign, supervise, and review work; ensure staff compliance with District policies and procedures, including Personnel Rules and Administrative Procedures; complete performance reviews; address employee complaints and grievances; may recommend employment actions such as hiring, transfer, suspension, promotion, or discharge.

Requirements

  • Graduation from a four-year accredited college or university majoring in risk management, finance, accounting, business administration, public administration, or a related field.
  • Four years of experience in risk management activities.

Substitution

  • Additional risk management experience may be substituted for the required education on a year-for-year basis.
  • Graduate study in pertinent fields may be substituted for the technical experience on a year-for-year basis.


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