Senior Director Corporate Risk Management
: Jun 15, 2020, 7:00:00 AM
Reporting to the Vice President of Corporate Risk Management, responsible for leading a team whose primary work is focused on the financing of Kaiser Permanente's property and casualty operational risks in order to: 1) Identify, understand and quantify financial exposures which have the potential to significantly impact regional health plan income statements and Kaiser's balance sheet; 2) Design and implement strategic risk finance solutions which efficiently employ Kaiser capital and external risk transfer arrangements to address exposures arising from KP's integrated care delivery model; And 3) Assure that financial risk management programs are supported by appropriate internal and external cost control efforts focused on loss prevention (patient and employee safety, facility protection, cyber security, etc.), loss mitigation (legal defense strategies, workers compensation claims management), risk education (contract advisory and consultation) and risk analytics (actuarial services and management reports.)
- At the strategic direction of, and in concert with, the VP CRM, the Sr. Director recommends risk financing program structures which are coherent with Kaiser's risk tolerance and appetite and Treasury's capital policies. The risk financing structures include elements of self-insurance involving participation of Kaiser captive insurance subsidiaries, as well as excess commercial insurance, reinsurance and capital market arrangements. Accordingly, the Sr. Director is directly engaged in the following areas:
- Promoting collaborative working relationships with senior stakeholder leaders in Health Plan, Hospital and Medical Groups in order to implement Program-level strategies for managing Kaiser Permanente's financial exposures to various forms of risks, including professional liability, workers compensation, earthquake, directors and officers liability, terrorism and pandemic events, cyber attacks and other property and casualty risks.
Overseeing key broker, consultant, insurer and reinsurer relationships and for managing the execution and administration of contracts and services which will be required in order to achieve the desired outcomes.
- Overseeing the administration of Kaiser's three captive subsidiaries which have combined assets of nearly $3 billion and form the foundation of Kaisers self-insurance programs and risk financing structures. With the assistance of CRM staff and contracted captive managers, legal, actuarial and audit providers assuring that risk programs are prudently managed, and all financial statements, tax and regulatory filings are accurate and timely.
- Developing a high performing team of risk management, advisory, finance/accounting personnel through effective recruiting, mentoring and coaching and promoting the professional growth of individual team members in order to ensure continued value and relevance of the services provided to the organization.
- Maintaining a culture of compliance, ethics and integrity and assuring departmental compliance with Kaiser Permanente's Principles of Responsibility and policies and procedures.
- Risk Management: Partners with business units to understand, quantify and develop risk mitigation protocols; demonstrates understanding and use of Risk Information Systems applications in data capture, analysis, exposure, coverage and claim elements, and controls. Provides risk analytics and advisory support to internal and external stakeholders related to counter party engagements, including contracted insurance and indemnification requirements. Develops a culture of risk awareness and continual improvement of processes, fostering a collaborative environment with other organizational leaders.
- Captive Insurance Operations: Using in depth knowledge of captive domiciles, insurance programs, underwriting, claims processing, actuarial, accounting and regulatory filing requirements, demonstrates experience in budgeting, forecasting, financial planning and analysis and financial modeling. Develops and sustains external relationships with insurance brokers, captive insurance management teams, actuaries and outside counsel. Ensures commercial insurance, captive insurance and department budgets are accurately developed and managed. Understands state and federal tax implications of self-insurance financing mechanisms using captive insurers.
- Using operational knowledge of alternative risk financing mechanisms such as captive insurance companies, owner-controlled insurance programs (OCIPs) and catastrophe bonds, builds and sustains internal partnerships with executive leaders in Corporate Controllers Group, regional Accounting functions, Financial Planning & Analysis, Tax Department, Regulatory Affairs, Compliance, Technology Risk Office, Shared Services such as National Facilities Services, corporate and regional inhouse counsel. Develops internal and external financial controls, policies and procedures aimed at protecting the corporation and captive subsidiaries.
Establish department goals and objectives which continually improve and enhance the department's effectiveness and aligns with the broader Treasury department and CFO organizations goals.
- Minimum twelve (12) years of Treasury, or directly related experience to include a minimum of ten (10) years of experience in Risk Management or large complex commercial insurance operations or insurance brokerage required.
- Minimum five (5) years of management experience required.
License, Certification, Registration Additional Requirements:
- Bachelor's degree in finance and accounting, economics, or directly related field required.
- Expert knowledge of at least one (1) of the Treasury functions (Cash Management, Debt, Investments, Insurance) and advanced knowledge of multiple related functions.
- Strong understanding of, and ability to articulate actuarial principles and statistical analysis related to risk modeling and premium development.
- GAAP accounting knowledge and plus.
- Excellent oral and written skills.
- Ability to manage multiple conflicting projects effectively.
- Superior analytical critical thinking skills.
- Microsoft Office (Excel, Word, PowerPoint and Access).
- Demonstrated strategic perspective and ability to understand the details.
- Ability to meet strict deadlines in compressed time periods.
- Ability to effectively manage staff and delegate tasks appropriately.
- Up to 15% domestic and international travel.
- Must be able to work in a Labor/Management Partnership environment.
- Healthcare industry experience preferred.
- Certified Treasury Professional (CTP), or Certified Financial Analyst (CFA) preferred.
- Insurance/Risk Management professional certifications (CPCU, ARM, etc.) preferred.
- Due diligence experience related to mergers, acquisitions and divestitures preferred.
- Healthcare background in risk management preferred.
- Master's degree in finance and accounting, treasury risk analysis, or Juris Doctorate, or related field preferred.
Primary Location : California-Oakland-Ordway One Kaiser Plaza Scheduled Hours (1-40) : 40 Shift : Day Working Days : Mon - Fri Working Hours Start : 8:00 AM Working Hours End : 4:30 PM
Job Schedule : Full-time
Job Type : Standard
Employee Status : Regular Employee Group (Union Affiliation) : Salaried, Non-Union, Exempt
Job Level : Director/Senior Director
Job Category : Treasury Public Department Name : Treasury
Travel : Yes, 5 % of the Time
Kaiser Permanente is an equal opportunity employer committed to a diverse and inclusive workforce. Applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), age, sexual orientation, national origin, marital status, parental status, ancestry, disability, gender identity, veteran status, genetic information, other distinguishing characteristics of diversity and inclusion, or any other protected status. External hires must pass a background check/drug screen. Qualified applicants with arrest and/or conviction records will be considered for employment in a manner consistent with federal and state laws, as well as applicable local ordinances, including but not limited to the San Francisco and Los Angeles Fair Chance Ordinances.
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Posting ID: 564709922Posted: 2020-08-09