INSURANCE MANAGER

Duke; Durham (NC); On-site; USD 80,000 - 100,000; Full time

Job summary

A leading healthcare provider in Durham, NC, seeks an experienced Insurance Manager to support its Clinical Risk Management Department. This role involves managing insurance programs, evaluating risks, and providing strategic guidance on liability issues. The ideal candidate has a Bachelor's degree in a relevant field and at least five years of experience in insurance and risk management. A hybrid work arrangement is available, promoting a balance between on-site and remote responsibilities.

Qualifications

• Minimum of five years of relevant experience in insurance and risk management.
• Prior experience with contract and insurance policy review.
• Associate in Risk Management (ARM) or CPCU designation preferred.

Responsibilities

• Provide support to the Clinical Risk Management Department.
• Research and recommend risk financing and claims management strategies.
• Coordinate insurance coverage with Corporate Risk Management.
• Supervise insurance support staff and manage claims documentation.

Skills

Risk financing

Data management

Insurance policy review

Claims management

Education

Bachelor's degree in Insurance, Risk Management, or related field

Job description

Work Arrangement: Hybrid (On-Site and Remote mix)

Requisition Number: 261247

Regular or Temporary: Regular

Location: Durham, NC, US, 27710

At Duke Health, we're driven by a commitment to compassionate care that changes the lives of patients, their loved ones, and the greater community. No matter where your talents lie, join us and discover how we can advance health together.

General Description of the Job Class

At the direction of the Assistant Vice President, Risk Management, the Insurance Manager will provide general support to the DUHS Clinical Risk Management Department.

• Provide administrative direction and support to the professional liability insurance program for Duke University Health System and affiliated organizations. This support includes:
• Identification of both insurable and non insurable risk
• Advising department leadership and other internal clients of potential exposures
• Proposing risk financing mechanisms, including potential insurance coverage or financial transfer of risk
• Maintain familiarity with insurance markets and stability

Duties and Responsibilities of this Level

• Research, evaluate, and make recommendations regarding current and state of the art trends in risk financing, loss control and claims management strategies.
• Assist with professional liability insurance coverage program development, including working with brokers at all levels to obtain coverage, renew coverage, and revise coverage as needed.
• Provide consultation and technical advice on professional liability insurance issues relating to new programs, contracts, and affiliation agreements.
• Working with Corporate Finance, maintain and continually revise as needed the financial and operational records that support the insurance, risk management, and legal operations affecting professional liability exposures.
• Responsible for data management including statistical trending of losses, analysis of patterns, and analysis of incurred costs.
• Responsible for data collection, verification, and transmission of exposure data to actuary, auditors and brokers, and others as required.
• Review and maintain insurance policies, analyzes existing policies for coverage, endorsements and exclusions, anticipates and deals with policy expirations and renewals.
• Coordinate coverage with DU Corporate Risk Management in areas where exposures and responsibilities overlap. Develop and prepare insurance program presentations as needed.
• Participate in setting, documentation and ongoing evaluation of reserves.
• Develop ongoing analysis of current losses as they might or will impact breach of reinsurance. Assures appropriate notifications are transmitted.
• Supervise insurance support staff and oversee the documentation of provider claims histories, insurance verifications, and maintaining records of off-site and expert witness activities.
• All other duties incidental to the work described herein.

Required Qualifications at this Level

Education

Work normally requires a Bachelor's degree in Insurance, Risk Management, Business Administration, Hospital Administration, Law or a closely related field.

Experience

Work requires a minimum of five years of progressively responsible experience in third-party insurance, risk financing or captive insurance management. Prior experience must include contract and insurance policy review and projection/management of financial reserves.

Degrees, Licensure, and/or Certification

Associate in Risk Management (ARM), or Certified Property and Casualty Underwriter (CPCU) designation preferred.

Duke is an Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex (including pregnancy and pregnancy related conditions), sexual orientation or military status.

Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas—an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.

Essential Physical Job Functions: Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.

Nearest Major Market: Durham
Nearest Secondary Market: Raleigh

Read more about Duke’s commitment to affirmative action and nondiscrimination at hr.duke.edu/eeo.