Risk Management Specialist

Risk Management Specialist

Job Code
: 8222IR - Fin Pro 2-Ins Risk Mgmt

Job Overview
:
The Risk Specialist is a valued contributor to the Risk Management team, reporting directly to the Director of Risk Management and Insurance. This position acts as a primary point of contact for internal and external customers, works directly with departments across the University of Minnesota on their insurance questions, and collaborates with the University's insurance broker to prepare and coordinate insurance renewals.

Hybrid (minimum three days in the office)

Insurance Program Support (35%)

• Lead the preparation and coordination of insurance renewal information (applications and underwriting exposure data collections) for the University's commercial insurance programs (Property, General, Professional and Auto Liability, Crime, Media, Marine, etc.).
• Serve as the central point of contact among the University of Minnesota, the insurance broker, and the captive manager.
• Analyze and review University contracts and agreements to ensure compliance with insurance standards, proactively consulting with departments to minimize exposure.
• Maintain the insurance policy list.

Financial Support (25%)

• Initiate and process critical financial transactions, including vendor payments, purchase orders, and contracts for professional services, in coordination with the University's Financial Operations Team.
• Calculate, coordinate, and process the annual insurance cost allocation and premium chargebacks to departments across the University of Minnesota.
• Monitor and reconcile Risk Management's central University budget account(s).
• Manage the financial tracking and generate reports for the $2.7 million annual property claims budget.
• Reconcile vendor accounting records and transactions with insurance brokers, insurers, actuaries, and third‑party claim administrators.

General Administrative Support (40%)

• Manage the departmental email account, serving as the front‑line point of contact to triage inquiries and refer complex matters to appropriate subject‑matter experts.
• Facilitate broker issuance of certificates of insurance.
• Review and process internal and external Alcohol Use Applications, ensuring adherence to University policies.
• Assist as Claims Specialist backup. Respond to questions on filing claims, claim status, payroll information, invoice payment, etc.
• Establish, maintain, and archive comprehensive departmental files and key documents in alignment with University retention guidelines.
• Assist with Google Calendar/meeting scheduling.
• Other duties as assigned.

Required Qualifications

• BA/BS plus at least two years of professional work experience or a combination of related education and work experience to equal six years.
• Self‑motivated, assertive, and highly detail‑oriented professional who consistently takes initiative to drive projects forward.
• Demonstrated expertise in data analytics with a proven ability to process complex data sets and manage server‑based entry.
• Strong organizational, communication, and interpersonal skills.
• Ability to independently diagnose complex problems and implement effective solutions.
• Proficiency in standard office software, including Word, Excel, Gmail, Google Calendar, etc.

Preferred Qualifications

• Direct experience working in insurance or risk management including property, liability, auto, and worker's compensation insurance.
• Strong knowledge of University policies, procedures, operations, and internal resources.

Pay Range
: $63,000 - $75,000; depending on education/qualifications/experience

Time Appointment
: 100% Appointment

Position Type
:
Civil‑Service & Non‑Faculty Labor Represented Staff

For benefit eligibility information, please visit the Office of Human Resources website.

The University offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree‑seeking programs supported by the Regents Tuition Benefit Program
• Low‑cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA…