Director of Risk Management Co.

NY, NJ Hybrid

200-250k

Job Overview: The Director of the Loss Control/Risk Management Department will be tasked with setting up and establishing a new company that will work closely with Brokerage Company, overseeing its operations from inception. The primary objective will be to guide clients in effectively managing and mitigating risks, optimizing claims processes, and ensuring compliance with safety protocols.

Additionally, the director will supervise existing claims departments to ensure the efficient and professional handling of claims.

Key Responsibilities:

1. Establishment of Loss Control/Risk Management Company:

• Develop strategies and protocols for the newly established loss control/risk management company.
• Implement procedures for advising clients on reporting claims and determining when a claim is unnecessary.

2. Client Advisory Services:

• Provide guidance to clients on when and how to report claims, ensuring transparency and understanding throughout the process.
• Conduct quarterly/semiannual claim reviews with insured clients to keep them informed of claim status and progress.

3. Claims Analysis and Minimization:

• Analyze claims data to identify trends, recurring claims, or problematic claimants.
• Develop strategies to minimize future claims and mitigate risks effectively.

4. Claims Oversight:

• Oversee claims to prevent unnecessary payouts and ensure compliance with policy terms.
• Monitor reserve amounts to ensure they are reasonable and adequate for each claim.

5. Claims Closure and Efficiency:

• Expedite the claims closure process by liaising with carriers and advocating for prompt resolution.
• Ensure that claims are reported efficiently and professionally by our existing claims departments and properly communicated to the insured.
• Conduct regular audits and reviews of the claims reporting process to identify any inefficiencies or areas for improvement.
• Provide training and guidance to claims department staff to enhance their understanding of proper claims reporting protocols.

6. Utilization of Loss Control Services:

• Encourage clients to utilize loss control/risk management services provided by insurance carriers.
• Assess clients not enrolled in loss control and explain the benefits of enrollment, emphasizing the importance of risk management.

7. Back to Work Program Management:

• Develop and oversee back-to-work programs for client companies to facilitate smooth transitions for injured employees returning to work.

8. Quality Assurance:

• Ensure that nursing home charts are accurately filled out and maintained to meet regulatory standards.
• Communicate and implement safety plans to prevent accidents and injuries in the workplace.

This job description outlines the core responsibilities for the position of Director of the Loss Control/Risk Management Company

Email Resume to:joel@maiplacement.com

Apply Online:

https://jobs.crelate.com/portal/maiplacement/job/st134ehip747xfh3no7ga8z9zo?crt=1716216051732

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