Insurance Officer II

Overview

Organization Located on the traditional, ancestral and unceded lands of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh Úxwumixw (Squamish), and səlilwətaɬ (Tsleil-Waututh) Peoples, Vancouver has a commitment to becoming a City of Reconciliation. Vancouver consistently ranks as one of the world’s most liveable and environmentally sustainable cities. Named among Canada's Top 100 Employers, BC's Top Employers, and Canada's Greenest Employers, the City of Vancouver seeks colleagues who can help shape and embody our core commitments to sustainability, reconciliation, equity and outstanding quality of life for all residents.

Requisition : 44920

Consider joining our committed team of staff and being part of an innovative, inclusive and engaging workplace. Working at the City of Vancouver and within the public service can be a rewarding career where you play a key role in ensuring impartial and equitable access to services, upholding ethical governance, and addressing the needs of citizens with integrity and dedication.

The Insurance Officer II (Senior Insurance Officer) provides expertise and advice to the City of Vancouver on risk financing, insurance and loss control. The position is responsible for insurance portfolio planning and procurement, including renewal submissions for various lines of coverage.

• Supports Senior Manager, Insurance, Claims and Loss Controls to identify and assess risks, and loss control exposures in accordance with the City’s enterprise risk management framework, and the City’s risk tolerance level.
• Provides expertise and advice on risk financing, insurance and loss control.
• Manages relationships with third party service providers including brokers and insurance companies.
• Provides advice to the City of Vancouver and its associated entities with insurance portfolio planning and procurement, including renewal submissions for various lines of coverage.
• Serves as the primary point of contact for inquiries related to insurance coverage and Certificates of Insurance.
• Coordinates insurance certificates, both outgoing issued on behalf of the City of Vancouver, and incoming from various business partners (e.g., clients, contractors, and vendors).
• Assists with identification, measurement, and design of the City’s insurance and risk financing needs for City operations, properties, facilities, contracts, vendor agreements, third party activities and its associated legal liabilities.
• Reviews and provides advice on insurance and financial risk management provisions in legal contracts.
• Assists in preparing and drafting budget recommendations to current and future years insurance premiums and City’s self insurance funds.
• Evaluates insurance policies and respective coverage for accuracy and confirming adequacy of contractual requirements.
• Coordinates the validation of accuracy of the property appraisal/the statement of property value details.
• Tracks and reconciles the insurance premiums and properly allocations to the business units.
• Develops and conducts stakeholder focussed risk management training to increase overall risk awareness, support risk-informed decision making in the daily operations and promote existing risk management requirements and procedures.
• Other duties/responsibilities as assigned.

Education and Experience
:

• Completion of the 12th school grade supplemented by courses required for the Chartered Insurance Professional (CIP) designation or equivalent combination of education and experience may be considered.
• Sound related experience in the insurance, claims and risk management field, preferably for a large, diverse organization or municipality.
• Certificate in Risk Management (CRM) designation as asset.
• A diploma in insurance, risk management, finance or related discipline as asset.
• Five years experience in insurance, claims and risk as asset.

Knowledge,

Skills And Abilities

:

• Expert knowledge and understanding of insurance, risk management, and loss control.
• Working knowledge of the theories, principles and practices of contract law, indemnity, waivers, contract negotiation, risk management and risk transfer.
• Sound…