10 Manager of Insurance Risk and Compliance Jobs in Chicago, IL
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Manager of Insurance Risk and Compliance
$116k-151k (estimate)
Full Time
1 Week Ago
Get It Recruit - Real Estate is Hiring a Manager of Insurance Risk and Compliance Near Chicago, IL
SummaryAre you passionate about managing risk and optimizing insurance coverage? In this role, you will play a key part in guiding our organization through the complex world of insurance. Reporting to the Managing Director of Quality, Risk, and Compliance, you will oversee the planning, coordination, and evaluation of our insurance needs. Your responsibilities will include analyzing data from audits, claims, renewals, and financial reports to ensure optimal coverage at the best cost. You will conduct policy reviews, implement risk management processes, and develop strategies to handle and mitigate risks effectively, helping us maintain low loss ratios.
Why Join Us?
Work Environment
Employment Type: Full-Time
Why Join Us?
- Make a tangible impact on the lives of individuals seeking education and career pathways.
- Collaborate with a diverse and passionate team dedicated to our mission and vision.
- Enjoy a hybrid work arrangement, offering flexibility and a great work-life balance.
- Benefit from professional development opportunities to enhance your skills and career growth.
- Medical, dental, and vision insurance
- 401(k) match
- Paid maternity and paternity leave
- Commuter benefits
- Student loan and tuition assistance
- Disability insurance
- Identify, communicate, measure, and manage company-wide risk.
- Handle insurance procurement, develop and implement risk management and compliance policies, and manage claims and litigation.
- Manage relationships with brokers, underwriters, and third-party administrators.
- Evaluate and recommend insurance policies, including Property, Casualty, General Liability, Workers' Compensation, Directors and Officers, and Cyber-risk.
- Assist with insurance placements and renewals.
- Track and coordinate insurance policy renewals and gather necessary data.
- Investigate and resolve property and liability claims, working closely with the Managing Director of Quality, Risk, and Compliance.
- Communicate with insurance carriers and develop plans to address loss events.
- Collaborate with departments on incident reports and claims.
- Partner with stakeholders to develop and implement risk management standards, processes, and best practices.
- Identify and recommend solutions for potential risk exposures, promote loss prevention, and ensure compliance.
- Conduct audits to verify adherence to policies and maintain high customer service standards.
- Coordinate with HR and Risk Management on all phases of the claims process, from intake to settlement.
- Manage workers' compensation and incident reporting programs, assessing and reporting claims to carriers.
- Maintain relationships with insurance brokers and manage document requests and submissions.
- Bachelor's degree in Business, Legal, Finance, Accounting, or Risk Management required; Master's degree in Risk Management preferred.
- At least 5 years of experience in managing business insurance and risk management.
- In-depth knowledge of business insurance functions and best practices.
- Risk Management certification preferred.
- Proficient in MS Office applications (Outlook, Word, Excel, PowerPoint).
- Strong organizational and project management skills with attention to detail.
- Confident in presenting data and making data-driven recommendations.
- Commitment to quality work, ethics, and compliance.
- Ability to work effectively in a fast-paced, team-oriented environment.
- Excellent interpersonal and communication skills, both written and verbal.
- Strong problem-solving skills and ability to handle confidential information professionally.
- Proficiency with Microsoft Office and other relevant software.
Work Environment
- Moderate noise level in the work environment.
- Flexibility required for scheduling and work locations, including occasional travel to various sites.
- Regularly required to talk, hear, sit, stand, and walk.
- Must be able to stoop, kneel, or crawl as needed.
- Ability to lift and/or move up to 25 pounds occasionally.
- Specific vision abilities required include close vision, distance vision, and depth perception.
Employment Type: Full-Time
Job Summary
JOB TYPE
Full Time
SALARY
$116k-151k (estimate)
POST DATE
09/07/2024
EXPIRATION DATE
10/04/2024
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