Captive Insurance Manager

Duke University Health System; Durham (NC); On-site; USD 85,000 - 110,000; Full time

Job summary

A leading healthcare provider in Durham is seeking an Insurance Manager to oversee the professional liability insurance program and liaise with risk management. The role requires a Bachelor's degree in a related field and a minimum of five years of experience in insurance or risk financing. Strong skills in data management and consultation are essential.

Qualifications

• Five years of experience in third-party insurance, risk financing or captive insurance management.
• Experience in contract and insurance policy review.
• Associate in Risk Management (ARM) or CPCU designation preferred.

Responsibilities

• Provide administrative direction and support to the professional liability insurance program.
• Research and evaluate risk financing and claims management strategies.
• Supervise insurance support staff and oversee documentation.

Skills

Risk management

Insurance program development

Data management

Consultation and technical advice

Education

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

Tools

Statistical software

Job description

Overview

Join to apply for the INSURANCE MANAGER role at Duke University Health System

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.

Responsibilities

• 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 reduction strategies; proposing risk financing mechanisms, including potential insurance coverage or financial transfer of risk; maintain familiarity with insurance markets and stability.
• 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.
• Work with Corporate Finance to maintain and revise the financial and operational records that support 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; data collection, verification, and transmission of exposure data to actuary, auditors, brokers, and others as required.
• Review and maintain insurance policies, analyze existing policies for coverage, endorsements and exclusions, and manage policy expirations and renewals.
• Coordinate coverage with DU Corporate Risk Management for overlapping exposures and responsibilities; develop and prepare insurance program presentations as needed.
• Participate in setting, documentation and ongoing evaluation of reserves.
• Develop ongoing analysis of current losses and their potential impact on reinsurance, and ensure 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.

Education

Required Qualifications at this Level

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.