Director, Insurance

Staff - Non Union

Job Category

M&P - Excluded M&P

Job Profile

XMP - Accounting, Level G

Job Title

Director, Insurance & Loss Prevention

Department

Leadership | Safety & Risk Services | VP Finance and Operations

Compensation Range

$10,742.83 - $16,760.83 CAD Monthly

The Compensation Range is the span between the minimum and maximum base salary for a position. The midpoint of the range is approximately halfway between the minimum and the maximum and represents an employee that possesses full job knowledge, qualifications and experience for the position. In the normal course, employees will be hired, transferred or promoted between the minimum and midpoint of the salary range for a job.

Posting End Date

January 19, 2025

Note: Applications will be accepted until 11:59 PM on the Posting End Date.

Job End Date

At UBC, we believe that attracting and sustaining a diverse workforce is key to the successful pursuit of excellence in research, innovation, and learning for all faculty, staff and students. Our commitment to employment equity helps achieve inclusion and fairness, brings rich diversity to UBC as a workplace, and creates the necessary conditions for a rewarding career.

Job Summary

The Director, Insurance & Loss Prevention is an integral and key member of the Safety & Risk Services senior management team. This is a strategic role, responsible for developing, implementing and overseeing the Insurance and Loss Prevention program University-wide. It is responsible for a $10 million budget that includes managing and legal administration of the comprehensive insurance portfolio (approximately 33 core and wrap around insurance contracts plus all blanket and stand -alone construction policies for owner controlled programs) for the University, including insurance policies, contracts and agreements, as well as managing approvals and negotiations with institutionally approved self-insurance pools as well as with insurers and/or their authorized representatives. This position will act as the leader and key expert for the University with respect to both short
- and long-term risk management and procurement strategies for a large corporate insurance program including all domestic and international property and casualty insurance placements. In addition, this position will set the direction and lead the strategic development, implementation and oversight of the University’s loss prevention program to address high priority risks based on data analysis and stakeholder input.

Organizational Status
Reports to the Executive Director, Safety & Risk Services. Liaises with all levels of the University community, as well as related or affiliated entities, and external parties on a regular basis.

Work Performed
- Provides university-wide support for risk-based decision making on the procurement and financial management of insurance placements, claims management as well as other related systematic functions.
- Actively participates as a risk and insurance resource for institutional committees to support the embedment and integration of risk management as part of informed decision making.
- Leads and facilitates the assessment and evaluation of insurable risks and hazards for the institution and provides recommendations and mitigation strategies to prevent and/or reduce the risk profile to within the appetite and acceptable operational thresholds including transfer of risk as applicable to policies of insurance.
- Extensive experience in the financial management, oversight and advisory services for the university’s claims management program including developing strong relationships with internal and external stakeholders, developing and maintaining an effective claims management framework including records management system, resolution of complex claims, oversight/budgeting for reserves, claim tracking as well as formal reporting for governess and trend analysis.
- In-depth experience and seasoned proficiency in developing, leading, implementing and overseeing the university’s loss prevention program which includes strategies, practices and measures to mitigate and protect the university community and its valued assets. This is a proactive program intended to identify, assess and evaluate potential hazard risks, while recommending and supporting preventive measures to proactively mitigate losses before and at the time they do occur. This involves developing strong relationships with other areas across the enterprise to promote a culture of safety within the institution to prevent, withstand and recover from unexpected disruptions or challenges.
- Oversees and evaluates the ongoing renewals of the University’s insurance policies and initiates new types of insurance, when required.
- Considers and recommends, as appropriate, alternative risk financing and loss prevention options for institutional risks.
- Analyzes risk and formulates risk management strategies and provides input and leadership with respect to the in