What are the responsibilities and job description for the Risk Manager position at BAYADA Home Health Care?
Are you looking for an exciting opportunity in a fast-growing industry? Do you want to make a difference in people’s lives while you grow your career and learn the business? We’re BAYADA Home Health Care and we believe that our clients and their families deserve home health care delivered with compassion, excellence, and reliability. We want you to apply your energy and skills to this dynamic and entrepreneurial environment and become an integral part of a caring, professional team that is instrumental in providing the highest quality care to our clients.
POSITION SUMMARY:
Responsible for the oversight and implementation of all aspects of BAYADA Home Health Care and managed entities insurance programs, under the supervision of the Director of Employee Claims. Plan and oversee key work streams and projects related to the selection and procurement of adequate, cost-effective, and comprehensive business insurance coverage. Analyze and interpret claim trends, while collaborating with key business partners, to develop and implement risk mitigation strategies, including safety programs and loss prevention measures.
MINIMUM QUALIFICATIONS:
- Exemplifies characteristics of The BAYADA Way: compassion, excellence and reliability.
- Four (4) year college degree or an equivalent combination of education and experience.
- Minimum five (5) years of related risk management, insurance policy management, and/or insurance/brokerage experience and/or training.
- ARM, CPCU, and/or Property & Casualty Broker license preferred.
- Strong interpersonal and communication skills.
- Ability to organize, prioritize, and follow through on multiple tasks or projects simultaneously.
- In-depth knowledge of insurance products, regulations, and industry best practices. Proficiency in data analysis and risk assessment tools.
- Ability to communicate effectively with diverse levels, skill sets and functions.
- Team Oriented.
- Strong computer skills, including Word, Excel and PowerPoint, with the ability to create reports.
- Acceptable pre-employment assessment results.
- Ability to read, write and effectively communicate in English.
PRIMARY RESPONSIBILITIES:
- Demonstrate and communicate the core values of BAYADA and The BAYADA Way.
- Develop working knowledge of BAYADA’s mission, services, people, organization, policies and procedures.
- Manage data and application requests as part of the insurance renewal process for BAYADA’s property/casualty insurance programs.
- Assist with the negotiation of insurance renewal programs, including pricing and terms and conditions as needed.
- Assist with the evaluation of insurance coverage requirements for new business acquisitions and/or joint ventures. Assist in the placement of coverage.
- Responsible for coordinating, analyzing, and compiling data relative to actuarial, financial, and insurance audits.
- Review of insurance program specifications, quotations, policies, and schedules of insurance for accuracy and completeness.
- Review insurance carrier and insurance broker invoices and process payment.
- Assist in the development, implementation, and maintenance of an effective Workers’ Compensation charge and cost allocation process.
- Produce statistical and analytical reports, charts, and graphs that provide a visual representation of claim trends to business leads.
- Collaborate with business leads and clinical teams on the implementation and creation of loss prevention strategies.
- Responsible for ensuring the accuracy of claims data and coding in an effort to ensure the accuracy of claim trends needed for data analytics.
- Assist in the ongoing assessment/gap analysis of existing loss prevention materials, programs, policies and procedures to identify areas of opportunity to mitigate risks from a safety and insurance perspective.
- Help maintain a strong relationship and open communication with key stakeholders to ensure they are aware of risk management policies and procedures.
- Oversee OSHA compliance as it relates to our Workers’ Compensation program and ensure timely completion of required logs.
- Partner with Accounting and Financial Reporting to ensure adequacy of insurance reserves.
- Participate in the selection and oversight of insurance consultants and program providers.
- Assistance with the Workers’ Compensation Claims Management program as needed.
- Management and oversight of the company’s Unemployment claims program.
- Management and oversight of the company’s New Jersey Temporary Disability and New Jersey Family Leave Insurance Programs.
- Demonstrate solid performance or exceed performance standards in key job dimensions/attributes as defined on the Performance Appraisal for Office Staff.
- Perform related duties, or as required or requested by supervisor.
Why choose Bayada?
- BAYADA offers the stability and structure of a national company with the values and culture of a family-owned business.
- Glassdoor Best Places to Work in 2018 and 2019
- Forbes 2020 Best Places to Work for Women
- Paid Weekly
- Mon-Fri work hours
- AMAZING culture
- Strong employee values and recognition
- Small team at a local office
- Growth opportunities
- BAYADA offers a comprehensive benefits plan that includes the following: Paid holidays, vacation and sick leave, vision, dental and medical health plans, employer paid life insurance, 401k with company match, direct deposit and employee assistance program
- To learn more about Bayada benefits, https://www.bayada.com/benefits
As an accredited, regulated, certified, and licensed home health care provider, BAYADA complies with all state/local mandates.
BAYADA Home Health Care, Inc., and its associated entities and joint venture partners, are Equal Opportunity Employers. All employment decisions are made on a non-discriminatory basis without regard to sex, race, color, age, disability, pregnancy or maternity, sexual orientation, gender identity, citizenship status, military status, or any other similarly protected status in accordance with federal, state and local laws. Hence, we strongly encourage applications from people with these identities or who are members of other marginalized communities.
