Responsible for developing, overseeing and managing an effective, system-wide risk financing program which includes the Cayman captive, risk financing opportunities and the commercial and reinsurance markets. Identifies and assess risks associated with financial, human, and physical assets. Develops strategies and implements and administers programs to prevent, control and/or transfer risks through self-insurance, commercial insurance, contract provisions and /or other financial instruments. Provides strategic and managerial oversight for employed provider insurance program, supervision of assigned staff, and operational management of commercial and self-insurance program. Collaborates with the System Vice President of Risk Management in the evaluation and implementation of creative future risk financing strategies.
Develops and oversees the PeaceHealth Risk Financing/ Insurance Program. Identifies & assesses specific insurance or risk financing needs, recommends and evaluates risk financing/insurance options and evaluates data related to insurance program performance.
Manages the relationship with the Cayman’s captive, Clare Re, and acts as the domicile representative which includes serving as the primary contact with the domiciliary regulators. Ensures compliance with all domicile regulation; develops business plans and pro forma financial statements; maintains the captive's financial and operational records; provides insurance, risk management, and underwriting expertise to the captive; provides quarterly and annual financial reports for the captive's owners and board of directors; coordinates the captive's board meetings, and serves as the main point of contact for the captive's service providers.
Manages marketing, negotiations, placement and administration of insurance coverage.
Acts as the primary insurance (property, casualty, financial/professional and workers compensation) resource for PeaceHealth. Manages contracts for brokers and risk management / risk finance consultants.
Provides strategic and managerial oversight for employed provider insurance program. Ensures the effective coordination and communication among internal stakeholders and providers. Actively manages and presents any underwriting appeals to the PLC. Manages underwriting and risk analyst staff.
Manages the analysis and collection of data to assure efficient accurate information is communicated to brokers, insurers and actuaries in order to provide PeaceHealth with the most cost effective and effective risk-financing program. Manages actuarial contract.
Consults and acts as a resource for risk minimization activities for communities, and system administration. Develops, implements and delivers educational and informational resources for the PeaceHealth communities related to insurance, general liability, property coverages, and related Risk Financing/Insurance.
Reviews insurance policies for accuracy, in collaboration with the PeaceHealth broker, and assures accurate premium payments.
Conducts risk analyses and coordination of risk finance / insurance strategies in the due diligence process for potential mergers and/or acquisitions.
Supervises underwriting staff including the appropriate delegation of work, fostering process improvement activities and assuring employee development.
Reviews contracts and leases to identify risks and eliminate or reduce risk exposure through insurance requirements and hold harmless clauses and indemnification language. Formulates and recommends insurance clauses where needed. Negotiates contract provisions as needed.
Supervises, hires, coaches and mentors assigned staff; assists with budget preparation and management; and makes recommendations for standardization and workflow improvement.
Manages claims for commercially insured programs including property and business interruption, cyber and pollution claims.
Facilitates effective motor vehicle and property loss control programs.
Performs other duties as assigned.
Bachelor’s degree in business, risk management, insurance, healthcare, or relevant discipline required.
Master’s degree preferred.
Minimum of seven years of underwriting experience, preferably with a self-insured organization, required.
Minimum of seven years of management experience required.
Expert knowledge and skills in insurance and risk financing services.
Ability to deliver financial results for areas of responsibility.
Strong organizational skills which demonstrate the ability to set clear goals and objectives, develop quantifiable measurements as well as motivate and manage others.
Ability to quickly and efficiently prioritize own workload to meet strict deadlines in an environment of multiple projects and changing priorities.
Must be able to work independently with minimum direction, collect and analyze data, and maintain the confidentiality of information.
Must be able to demonstrate excellent oral and written communication skills and be able to lead through persuasion and competency.
Ability to effectively work, collaborate and partner with all levels of the organization.
Proficiency in MS Office, including Outlook, Word, and Excel.
Ability to travel.
Internal Number: 2896
PeaceHealth, based in Vancouver, Washington, is a not-for-profit Catholic health system offering care to communities in Washington, Oregon and Alaska. PeaceHealth has approximately 16,000 caregivers, a multi-specialty medical group practice with more than 1,200 providers and 10 medical centers serving both urban and rural communities throughout the Northwest. See how PeaceHealth is committed to Inclusivity, Respect, for Diversity and Cultural Humility.