Babson College

The Director of Risk Management is responsible for the oversight of the College’s Insurance and Risk Management Program.

WHAT YOU WILL DO

• Amends/develops and implements a comprehensive Risk Program for all College contracts and campus activities and events, including, but not limited to a vendor management program (partnered with Director, Enterprise Services & AP Operational Strategy) and contract risk ratings.
• Reviews and administers risk and insurances policies (including travel and ISOS, driver and vehicle use policy) and revise as needed; evaluates and determines the appropriate coverage and risk reduction strategies; and develops new campus wide policies (when needed) and forms for insurance and risk issues.
• Responsible for all insurance renewals, the coordination of Insurance RFPs, and the analysis and processing of claims including property, cyber, general liability, auto, crime, fiduciary, umbrella, layer excess and special coverage.
• Evaluates claims history (type, frequency, and severity) to determine how to reduce claims and how claims history might affect insurance premiums.
• Liaises with campus individuals on all day-to-day risk related concerns and questions; interacts with all levels of administration and employees, insurance companies, carriers, consultants, and attorneys to ensure proper risk management practices.
• Participates in the Safety Committee and works in collaboration with Public Safety and Facilities to reduce risks that lead to workers compensation and other claims and responds to risk concerns highlighted in the Campus Safety Task Force.
• Partners with Human Resources to oversee the administration of the College’s workers compensation policies; ensures policies and procedures are adhered to; and oversees the worker compensation audits.
• Reviews and manages waivers for campus activities and programs.
• Partners with relevant departments (i.e., Legal, IT), ensuring appropriate contractual risk provisions are incorporated to align with the identified risk levels.
• Assumes additional responsibilities as required.

YOUR TEAM WILL INCLUDE

Risk Administrator

WHAT EDUCATION AND SKILLS YOU WILL NEED

Bachelor’s Degree in Business Administration, Risk Management, Public Administration, Finance or related field required.

Must have 10+ years with increasing responsibility in the risk management/insurance field; and a minimum of 5 years of experience managing staff and a budget.

Excellent oral and written communication skills

Ability to handle multiple tasks or projects simultaneously and meet deadlines

Must be able to establish and maintain effective working relationships and work with all constituencies.

Must be able to take initiative including the ability to resolve issues efficiently and follow tasks and assignment through to completion

Ability to collaborate with peers to complete projects/assignments

Ability to work proactively and independently as well as part of a team

Ability to innovate and use technology to improve processes

Ability to take ownership of job responsibilities

Ability to handle sensitive and confidential information

Must have strong computer skills including proficiency in Microsoft Office (Word, Excel, Access, PowerPoint)

Ability to create an environment where direct reports have the freedom and security to take initiative; deal with complexities with resilience, resourcefulness, and optimism; and appreciate open mindedness, creativity, and agility in thought and tactics

Ability to embrace ideas and changes created by all community members

Ability to work independently to solve problems; look for opportunities to take on responsibility; take thoughtful risks; and effectively act on new and ongoing initiatives, objectives, and solutions to gain sought-after results

Ability to anticipate and effectively handle change; demonstrate willingness to try new skills and challenging tasks; and is flexible in changing conditions

HOW AND WHERE YOU WILL WORK

Requires work onsite a minimum of 1 day per week (prefer Wednesdays); the on-campus requirement is subject to modification based on organizational need.

ADDITIONAL SKILLS YOU MAY HAVE

Workday financials experience is a plus

Professional certifications such as ARM (Associate in Risk Management)/CSRM (Certified School Risk Manager) strongly preferred