Director, Risk & Insurance

The Director, Risk & Insurance manages Northwestern University's insurance and risk finance programs (commercial, captive, and self-insurance). Responsibilities include daily operations, strategic management of risk finance, captive insurance company oversight, contract review, claims management, and collaborating with campus partners on loss prevention. Salary Grade: EXS/13. Note: Work authorization sponsorship for this position will not be provided.

Specific Responsibilities:
Budget & Financial: Manages insurance program financial transactions, develops budgets, and performs reconciliations.
Insurance Management: Leads insurance renewals, identifies coverage gaps, negotiates with brokers, and reviews policy documentation.
Captive Insurance Management: Acts as Secretary/Assistant Secretary for the captive insurance company, manages vendors/audits, and coordinates board meetings.
Claims Management: Oversees claims staff, ensures timely reporting to carriers, and maintains partnership with the Office of General Counsel.
Risk Management: Reviews contracts for risk allocation, provides consulting services, and partners with Environmental Health and Safety.
Management: Leads department staff, develops future leaders, and makes independent decisions.

Minimum Qualifications:
Strong communication, technical insurance aptitude, and financial analysis skills; basic understanding of budget management, captive insurance, actuarial modeling, and complex risk finance; strong project management, time management, and multi-tasking abilities; and the ability to provide excellent customer service to diverse stakeholders.

Preferred Qualifications:
Degree in risk management or insurance; experience in insurance underwriting, brokering, or higher education; and professional designations (e.g., ARM).