As a key contributor to the University's risk management program, the Associate Director provides critical leadership in the design, implementation and communication of all aspects of the University's risk financing program including procurement of certain parts of the property, casualty and management liability insurance portfolio. Supporting the department's consultative approach, the candidate should expect to regularly interact with internal clients to holistically assess solutions for mitigating a variety of business risks based on independent risk research and analysis. The Associate Director will assist the Director in developing a sustainable model for measuring the cost of risk and is expected to routinely evaluate the financial impact of a myriad of risks and determine appropriate transfer and risk reduction strategies. The person will also be responsible for managing external service providers to optimize performance and the quality and timeliness of deliverables.
DUTIES AND RESPONSIBILITIES
Assist department leadership with overall program conceptualization and refinement of multi-year budgets and resource allocations;
Identify opportunities to improve existing risk management practices; exhibit leadership in evaluating and implementing appropriate changes;
Continually evaluate current suit of risk financing solutions to ensure alignment with University's aggregate risk appetite, including context specific goals and tolerances;
Collaborate with all levels of school and administration leadership, including affiliated entities, to help identify and evaluate short and long term risks to the operations and reputation;
Maintain general fluency in the legal, regulatory, and governance environments impacting higher education;
Direct external service providers in timely delivery of quality work product at agreed financial targets. Maintain professional working relationships with representatives to maximize vendor performance. Periodically measure and report on expected deliverables against established performance metrics as part of regular oversight duties;
Provide timely and practical guidance to internal clients' on-demand inquires as needed;
Educate University community on important and emerging risk issues promoting and encouraging positive process change and alternative risk management (financing and transfer) approaches;
Analyze exposure data and historical loss information to assess trends and identify opportunities for improvement;
Contribute to the department's annual budget projections and interim financial reports;
Review sensitive and complex litigation that has or may lead to an insurance claim, initiate appropriate investigation efforts, and direct, negotiate, and/or recommend actions for positive resolutions to these matters;
Coordinate with the Office of the General Counsel as needed when advising internal clients on risk mitigation approaches related to provisions contained in contracts, leases, licenses and similar instruments.
Coordinate with the Office of the Vice Provost for Research as needed when advising internal clients on risk mitigation approaches related to certain regulatory compliance matters.
Manage a staff of one person
Perform other related duties as required
Please note: Harvard University requires pre-employment reference and background screening.
Harvard University is unable to provide work authorization and/or visa sponsorship.
This position has a 90-day orientation and review period.
Harvard offers an outstanding benefits package including:
Time Off: 3 - 4 weeks paid vacation, paid holiday break, 12 paid sick days, 11.5 paid holidays, and 3 paid personal days per year.
Medical/Dental/Vision: We offer a variety of excellent medical plans, dental & vision plans, all coverage begins as of your start date.
Retirement: University-funded retirement plan with full vesting after 3 years of service.
Tuition Assistance Program: Competitive tuition assistance program, $40 per class at the Harvard Extension School and discounted options through participating Harvard grad schools.
Transportation: Harvard offers a 50% discounted MBTA pass as well as additional options to assist employees in their daily commute.
Wellness options: Harvard offers programs and classes at little or no cost, including stress management, massages, nutrition, meditation and complimentary health services.
Harvard access to athletic facilities, libraries, campus events and many discounts throughout metro Boston.
Harvard's Financial Administration Department (FAD) is dedicated to supporting the teaching and research missions of Harvard University by providing outstanding financial services to the Harvard community; by providing support, guidance and consultation; by working to ensure compliance with University and federal guidelines; by mitigating risk; and by promoting the financial health of the University.
FAD is responsible for oversight of the University's finances, including efficient and accurate transaction processing, financial reporting, budgeting and financial planning, cash and debt management, internal audit services, risk management and sponsored program administration, and administrative systems services.
The department, led by the Vice President for Finance (VPF), is comprised of eight reporting units:
Capital Planning and Project Services
Office of the Controller
Office of Finance and Administration
Office of Financial Strategy and Planning
Office for Sponsored Programs
Office of Treasury Management
Risk Management and Audit Services
To consistently deliver high-quality, innovative service and leadership in financial planning, analysis, operations and compliance, in support of Harvard's teaching and research objectives. We aspire to provide the Harvard community with outstanding financial services to enable the dissemination of knowledge and the advancement of intellectual discovery. We commit to steward the University's assets efficiently, such that resources are assured for current and future generations of faculty and students.
Salary Grade: 059
Union: 00 - Non Union, Exempt or Temporary
Bachelor's degree in Business Administration, Finance, Accounting, Risk Management, Engineering or related field. Eight plus (8+) years of related experience in enterprise, operational or insurance risk management.
Experience developing and deploying buy-side risk financing solutions especially in a results-oriented setting;
Exhibits strong (structured and unstructured) data analytical skills.
Experience conducting value-oriented, multiparty negotiations a plus
Ability to interpret and present complex concepts to business leaders.
Leading candidates will have experience within a client-facing consulting environment.
Demonstrated independent and original thinking capabilities.
Previous experience managing a small staff highly desirable.
Versatility in adapting project analysis and deliverables approaches to changing and variable circumstances.
Demonstrated skills and familiarity with cloud-based collaboration platforms highly desirable.
Experience in a large university or not-for-profit setting an advantage.
Excellent verbal and written communications skills; experience with writing and editing business website content helpful;
Ability to prioritize multiple projects and deadlines simultaneously, consistently producing high quality results with minimal supervision.
Strength of character and convictions to tactfully challenge leadership decisions when appropriate.
Strong work ethic and self-motivated desire for knowledge expansion beyond typical property & casualty insurance realm.
Working knowledge of principles common enterprise risk management frameworks such as COSO, COBIT, and ISO 31000.
Working knowledge of theory and practice behind aligned risk management operations such as environmental health & safety, internal audit, business continuity planning, catastrophe modeling, workers compensation program administration, capital planning and project management.
Familiarity with regulatory and administrative requirements for administering self-insured programs.
Familiarity with industry practices/procedures regarding property & casualty claims administration, and claim/loss reserves analysis.
Certifications: ARM, CRM highly desirable (equivalent certifications will be considered).
EQUAL OPPORTUNITY EMPLOYER: We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
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