Overview

Our team members are the heart of what makes us better.

At Hackensack Meridian Health we help our patients live better, healthier lives — and we help one another to succeed. With a culture rooted in connection and collaboration, our employees are team members. Here, competitive benefits are just the beginning. It’s also about how we support one another and how we show up for our community.

Together, we keep getting better - advancing our mission to transform healthcare and serve as a leader of positive change.

The Director, Insurance Risk Financial Services establishes, directs, and manages a system wide enterprise and insurance risk management program for Hackensack Meridian Health (HMH). Responsible for the strategic and operational leadership and management of the organization's insurance and alternative risk finance program. Establishes and implements an appropriate ERM framework including risk policies, metrics, reporting and monitoring and ensures alignment of the ERM with corporate strategy. Develops and maintains collaborative relationships within HMH to support risk identification, risk solutions and loss prevention initiatives.

Responsibilities

A day in the life of a Director, Insurance Risk Financial Services at Hackensack Meridian Health includes:

• Lead the development, implementation and optimization of Hackensack Meridian Health's overall property & casualty insurance and risk finance programs, including but not limited to Professional Liability/Medical Malpractice, General Liability, Automobile, Aviation, Crime, Cyber, D&O/EPLI, Environmental, Fiduciary, Property, Workers Compensation, Umbrella/Excess, Employed Physician/Provider, Captive & self-insurance programs.

• Oversees the claims management of a complex and growing insurance portfolio and coordinate with insurers on insurance claims

• Define strategic objectives and policies to ensure effective insurance coverage for the organization and to develop risk financing budgeting

• Evaluate and measure enterprise capacity for risk assumption; recommend program structures to maximize risk retention

• Identify and evaluate financial risk exposure and manage insurable risk through traditional and non-traditional insurance and risk finance programs

• Collaborate with internal stakeholders in evaluating insurance and risk finance needs for new ventures; contracts and agreements; and other initiatives as appropriate

• Serve as Hackensack Meridian Health's senior insurance and risk finance leader. Maintain a high level of knowledge, authority and independence as the insurance subject matter expert. Represent Hackensack Meridian Health to external stakeholders including insurers, reinsurers, brokers and consultants

• Manage a self-insured workers compensation program

• Develop and manage annual Insurance and Risk Finance budget of $80M+ Other duties and/or projects as assigned.

• Adheres to HMH Organizational competencies and standards of behavior.

Qualifications

Education, Knowledge, Skills and Abilities Required :

• 10-15 years of experience in either insurance, risk management, underwriting, insurance brokerage organization

• Experience with complex insurance programs and alternative risk finance programs, including captive insurance and self insurance programs including, hospital professional and physician professional liability

• Working understanding of State of New Jersey and Federal insurance regulations; Bermuda captive insurance company regulations

Education, Knowledge, Skills and Abilities Preferred :

• Bachelor of Science Degree

• Experience in leading insurance and risk finance programs for a large complex organization; healthcare organization a plus

Licenses and Certifications Preferred :

• Chartered Property Casualty Underwriter (CPCU); Associate in Risk Management (ARM) or other similar professional designation

If you feel that the above description speaks directly to your strengths and capabilities, then please apply today!

Job ID 2024-150366

Department Risk Management

Site HMH Hospitals Corporation

Job Location US-NJ-Edison

Position Type Full Time with Benefits

Standard Hours Per Week 40

Shift Day

Shift Hours 8:30 a.m. - 5:00 p.m.

Weekend Work No Weekends Required

On Call Work On-Call Commitment Required

Holiday Work No Holidays Required