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Director of Risk Management, Workers' Compensation

2 months ago

Newark, New Jersey, United States KING'S INSURANCE STAFFING LLC Full time

Job Summary:

KING'S INSURANCE STAFFING LLC is seeking a seasoned professional to lead our Workers' Compensation Risk Management team. As a Director of Risk Management, Workers' Compensation, you will be responsible for driving the success and profitability of our organization by developing and implementing effective risk management strategies.

Key Responsibilities:

  • Develop and Implement Risk Management Strategies: Lead the development and implementation of comprehensive risk management strategies to mitigate workers' compensation risks and ensure compliance with regulatory requirements.
  • Conduct Risk Assessments and Audits: Conduct thorough risk assessments and audits of workers' compensation programs to identify areas for improvement and implement corrective actions.
  • Analyze Claims Data: Analyze and interpret claims data to identify trends, root causes, and areas for potential risk, and develop strategic initiatives to reduce the frequency and severity of claims.
  • Prepare Reports and Presentations: Prepare detailed reports and presentations on loss data analysis, risk assessments, and recommendations for risk mitigation and loss control measures.

Requirements:

  • Experience: 5+ years of experience in Workers' Compensation Risk Management with a proven track record in a leadership role.
  • Knowledge: Advanced knowledge of insurance principles, regulatory requirements, and State and Federal laws and regulations.
  • Skills: Strong critical thinking and organizational skills, ability to establish and maintain professional relationships with customers, peers, and industry contacts.
  • Education: Bachelor's Degree preferred but not mandatory.

What We Offer:

  • Competitive Salary: Annual base salary ranging from $250,000 to $300,000 plus bonus.
  • Benefits: Competitive Medical, Dental, Vision, and Life insurance plans, Employer-matching 401(k) plan, Tuition and educational reimbursement programs.
  • Remote Work Option: Ability to work remotely.