Executive Director - Risk & Insurance

Lexington Health; West Columbia (SC); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Day ONE medical, dental and life insurance

403(b) match plan

Employer paid life insurance

Short-term and long-term disability coverage

Student loan forgiveness

Adoption assistance

Disability coverage

Student loan forgiveness

Job summary

A healthcare network in West Columbia, South Carolina, is looking for an Executive Director of Risk Management and Insurance Services. This role involves leadership in managing liability and risk exposures, with responsibilities including overseeing claims management and collaborating with internal teams and external parties. Candidates should possess a Juris Doctorate and extensive experience in risk management, especially in the medical field. The position offers a competitive benefits package including medical, dental, and life insurance from day one.

Qualifications

• Seven years of progressive experience in risk management or insurance.
• Five years of leadership experience preferred in legal or insurance claims.
• Licensed or eligible to be licensed in South Carolina.

Responsibilities

• Leads staff handling professional and general liability claims.
• Assists in overseeing risk management activities.
• Provides expertise in loss prevention and incident trend identification.
• Negotiate settlements under direction of Department leader.
• Oversee reporting processes to insurance carriers.

Skills

Interpersonal skills

Clinical risk management

Legal healthcare experience

Claims management

Financial acumen

Financial acumen

Education

Juris Doctorate (J.D.)

SC license eligible

Job description

Lexington Health is a comprehensive network of care that includes six community medical and urgent care centers, nearly 80 physician practices, more than 9,000 health care professionals and Lexington Medical Center, a 607-bed teaching hospital in West Columbia, South Carolina. It was selected by Modern Healthcare as one of the Best Places to Work in Healthcare and was first in the state to achieve Magnet with Distinction status for excellence in nursing care. Consistently ranked as best in the Columbia Metro area by U.S. News & World Report, Lexington Health delivers more than 4,000 babies each year, performs more than 34,000 surgeries annually and is the region's third largest employer.

Lexington Health also includes an accredited Cancer Center of Excellence, the state’s first HeartCARE Center, the largest skilled nursing facility in the Carolinas, and an Alzheimer’s care center. Its postgraduate medical education programs include family medicine and transitional year residencies, as well as an informatics fellowship.

Job Summary

The Executive Director Risk Management and Insurance Services will be an integral leader in the Risk Management and Insurance Services Departments with the goal of reducing risk exposures and effectively managing liability. The Executive Director collaborates with members of the internal team and external attorneys and third-parties to facilitate resolution of liability/claims management and oversee risk management activities as assigned by Department leaders.

Minimum Qualifications

• Minimum Education: Juris Doctorate (J.D.)
• Minimum Years of Experience: Seven (7) years of progressive experience in risk management or similar field as approved internally and/or insurance (ideally including medical professional liability and general liability) and/or related field to include but not be limited to legal; Five (5) years of leadership experience preferred in prior areas of related experience, including legal and/or insurance claims management.
• Substitutable Education & Experience: In lieu of above experience combination, those with a Juris Doctorate (J.D.) that are licensed or eligible to be licensed in South Carolina (SC) with five (5) years of progressive experience in the medical and/or legal field.
• Required Certifications/Licensure: None.
• Required Training: Excellent interpersonal skills with the ability to work collaboratively with all levels of the organization; Expertise and experience in the areas of clinical risk, legal healthcare experience, and claims and litigation management.

Essential Functions

• Stays abreast of current issues in loss prevention, insurance, risk management, and patient safety.
• Assists in identifying incident/event trends with direction/guidance in implementing improvement actions to prevent recurrence.
• Provides leadership to staff handling professional liability, general liability, and Workers' Compensation litigated and non-litigated claims.
• Assists with strategy and oversight for the claims, insurance, and enterprise risk management program.
• Negotiate settlements under specific direction of Department leader.
• Assists in obtaining various lines of insurance coverage in order to obtain the broadest coverage for the most cost effective price.
• Assists in overseeing reporting processes to insurance carriers.

Duties & Responsibilities

• Assists in performing captive insurance company business functions.
• Collaborates and facilitates ongoing development of patient safety and related strategic plans with a focus on development of safe culture.
• Knowledge and experience in insurance, enterprise risk management, and claims management.
• Strong financial acumen, as well as understanding the financial impact of decisions and their impact on the captive and the organization.
• Providing data analysis and preparing and processing reports to Department leaders.
• Undertaking research on current market/organizational risk initiatives.
• Other duties as assigned at the direction of Department leaders.

We are committed to offering quality, cost-effective benefits choices for our employees and their families:

• Day ONE medical, dental and life insurance benefits
• Health care and dependent care flexible spending accounts (FSAs)
• Employees are eligible for enrollment into the 403(b) match plan day one. LHI matches dollar for dollar up to 6%.
• Employer paid life insurance – equal to 1x salary
• Employee may elect supplemental life insurance with low cost premiums up to 3x salary
• Adoption assistance
• LHI provides its full-time employees employer paid short-term disability and long-term disability coverage after 90 days of eligible employment
• Student loan forgiveness

Equal Opportunity Employer

It is the policy of Lexington Health to provide equal opportunity of employment for all individuals, and to remain compliant with applicable state and federal laws and regulations. Lexington Health strives to provide a discrimination‑free environment, and to recruit, select, on‑board, and employ all employees without regard to race, color, religion, sex, age, disability, national origin, veteran status, or pregnancy, childbirth, or related medical conditions, including but not limited to, lactation. Lexington Health endeavors to upgrade and promote employees from within the hospital where possible and consistent with the employee’s desires and abilities and the hospital’s needs.