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Manager - Insurance and Risk Management in Mississauga at Revera

Date Posted: 1/21/2018

Job Snapshot

Job Description

Division: Support Office

Site: Revera Inc.

Site Address: Revera Inc, 5015 Spectrum Way, Mississauga, ON, L4W 0E3

Employment Type: Full Time

Expiration Date: 19/02/2018

 


As the Manager, Insurance and Risk Management you are responsible to provide direction and support in risk management and insurance.  The Manager directs and manages all aspects of the insurance renewal process, and is ultimately accountable for the management of all claims.  Additionally, the Manager is the initial point of contact for all insurance and risk related inquiries and provides consultation and advice in these areas. 

Key Responsibilities

Insurance placement: 

  • Review and negotiate coverage proposals for renewal of all lines of insurance coverage, and when required, additional insurance programs in response to changing business needs.
  • Work with insurance brokers to identify appropriate retentions and limits for all insurance programs.
  • Evaluate and present insurance/risk exposure underwriting data for submission and discussion with insurance brokers and underwriters for placement of Revera's insurance programs.
  • Review and evaluate insurance policy terms and conditions. Work with insurance brokers and underwriters to maximize and enhance coverage in response to current insurance market conditions. 

Claim management: 

  • Conduct periodic claim reviews with insurance carriers, brokers and Revera business groups for workers' compensation claims, general and professional liability claims/suits, etc. Assist in identifying trends and areas of concern to recommend remediation of any identified problems areas.
  • Maintains and analyzes property and liability loss activity. Communicates with Operations and Real Estate on projected losses, pending claims and potential litigation. 
  • Responsible for reviewing the resolution of all property, auto and liability claims filed against Revera by communicating with insurance adjusters, brokers and/or attorneys to determine validity of the claim and negotiating appropriate settlements. 
  • Work with the Revera business groups to establish a claims notification process to ensure that claims are properly communicated and claims are reported appropriately. 

Accounting and Analysis: 

  • Prepare annual insurance premium budgets including analysis of insurance values and policies' open/closed reserves. Determine premium allocation methodologies with other department members for allocation of premiums to Revera business groups by line of coverage.
  • Review trends in operations and advise management of applicable insurance programs and/or review safety/loss prevention recommendations to avoid recurrence
  • Provide direction to operations on risk management activities, including policy development
  • Review contracts to assure reasonable insurance responsibilities are addressed in conjunction with hold harmless and indemnification contract provisions
  • Review and analyze collateral requirements
  • Responsible for maintaining adequate corporate risk management systems to ensure effective reporting and efficient processing of information. 
  • Identify, lead and/or assist with special projects as needed.
  • Responsible for any ad hoc reporting, presentations or information needs from or for Senior Management.

 

Qualifications

  • Solid understanding of insurance and risk management principles
  • Team oriented. Willingness to work with other departments on insurance renewals, premium allocations, claim management, contract reviews, etc.
  • Proactive in anticipating and addressing issues
  • Experience working with insurance brokers, carriers and underwriters
  • Strong quantitative and analytical skills
  • Bachelor's Degree with five to seven years of relevant experience
  • Skilled in setting priorities with excellent organization and time management skills
  • Possess excellent interpersonal skills and the ability to communicate accurately and effectively with all levels of internal and external clients, both verbally and in writing
  • Must be customer focused with excellent negotiation skills
  • Ability to work in a fast-paced demanding environment
  • Proficient with Microsoft Office software including Excel, Word and PowerPoint