at Northwestern University in Evanston, Illinois, United States
Job Description
Job Opening Id: 53529
Department: Risk Management
Salary/Grade: EXS/9
The expected salary for this position is between $78,000-$85,000 per year, in alignment with departmental equity and market data.
Job Summary:
The Associate Risk Manager works independently to help manage Northwestern’s insurance and risk finance programs, including supporting annual reporting and auditing requirements for Northwestern’s captive insurance program. The Associate Risk Manager will support insurance claims and risk management activities of the University’s various self-insured property and casualty insurance programs. The role will also be responsible for overseeing the administration of additional services offered by the department to members of the University community, including but not limited to special event management and certificates of insurance. The role will also handle primary day-to-day insurance needs and oversee the creation, production, and management of key metrics and tools used to assess risk appetite and measure insurance program performance. The incumbent should demonstrate close attention to detail, excellent customer service, and an aptitude for learning various software platforms and systems.
Specific Responsibilities:
Captive Administration:
- Supports and helps oversee the annual financial audit processes and actuarial assessments, providing relevant documentation to CPAs and auditors as requested.
- Manages required transactions and reconciliations to ensure management of captive finances in accordance with accounting standards.
- Assists with managing the captive annual calendar, working with outside vendors to handle the implementation and management of the captive insurance program.
Risk Management:
- Participate in discussions regarding risk, safety, and educational programs for University students, faculty, and staff.
- Advise campus partners on the suitability of risk management strategies and opportunities for loss prevention.
- Support department communications to drive enterprise-wide risk awareness.
- Review contracts for proper risk transfer and insurance terms.
- Oversee and manage the Risk Management Safe Driver program.
Claims Management:
- Support the department in claims management activities, including but not
