Risk Management & Insurance Consultant

Co-operators; New Jersey; Hybrid; USD 73,000 - 121,000; Full time

Benefits offered by this job

Training and development opportunities

Flexible work options

Paid time off

Health and wellness programs

Volunteer days

Job summary

CUMIS is seeking a Risk Management & Insurance Consultant to identify and assess complex risk factors for large credit union clients. You will develop customized multi-line insurance and risk management solutions and communicate them clearly to clients and senior leadership.

You will lead proposals, oversee accounts over $200M, and collaborate with the Risk Solution Group to refine products and services. A CIP designation and a university degree are required.

Qualifications

• Minimum 5 years of underwriting experience in professional lines.
• University degree or equivalent experience.
• CIP designation strongly preferred.

Responsibilities

• Direct the development of customized insurance and risk management proposals based on client risk profiles.
• Provide single-policy, integrated multi-line solutions for TCUBP and CUPAC programs.
• Direct the creation of plain-language risk management plans and proposals for clients.
• Deliver presentations to senior management regarding risk assessment and insurance issues.
• Oversee accounts with credit unions’ plans above $200M and apply RSG underwriting strategies.
• Collaborate with RSG teams to develop value-added risk management tools and materials.
• Identify gaps in products/services and propose scalable solutions.

Skills

Professional line underwriting

Communication skills

Critical thinking

Relationship building

Influencing change

Education

University degree or equivalent experience

CIP designation

Job description

Company: CUMIS
Department: P&C-Risk Solutions Group
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: English is required, French is an asset.

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.

The Risk Management & Insurance Consultant role is responsible to identify and assess complex risk factors and specific loss exposures applicable to individual clients. Develop and deliver a customized insurance and risk management solution in a comprehensive package of customized specialty products and services.

How you will create impact:

• Direct the development of customized insurance and risk management proposals that are appropriate for the risk profile and needs of each client.
• Provide single-policy integrated multi-line insurance solutions that cover both TCUBP(The Credit Union Bonding Program) and CUPAC(Credit Union Property and Casualty) programs.
• Direct the development and communicate plain language proposals and risk management plans based on the client's level of involvement and comprehension of the insurance and risk issues.
• Deliver presentations to senior management orBoardregarding risk assessment and insurance related issues.
• Provide oversight on accounts to ensure individual credit union insurance plans are meeting their needs and risk management programs are implemented on credit union accounts of asset size greater than $200 Million. Implement RSG ( Risk solution group) commercial insurance underwriting strategies and operational guidelines including policy insurance criteria for individual and master policy levels.
• Work with RSG Risk Management team to develop and deliver value-added material and services to support our role as the trusted technical advisor to the credit union system, including self-assessment and loss control tools, coverage summaries and bulletins and plain-language risk assessment and coverage information.
• Provide feedback and support for future development of new risk and insurance products and services, working with the RSG (Risk Solution Group) Commercial Program Manager and the RSG (risk Solution Group) Risk Management team.
• Identify potential gaps in products or services based on feedback from policyholders. Propose solutions that could be adopted for the wider program.

To join our team:

• You have a minimum of 5 years of previous experience in professional line underwriting
• You have a university degree or equivalent experience
• You have a CIP designation.
• You have experience in specialized insurance and risk management knowledge.

How you will succeed:

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

What you need to know:

• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.

What’s in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

Expected salary range $72,847 - $121,411

The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.

Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.