Vanderbilt University, located in Nashville, Tennessee, is a top-15 private research university offering a full-range of undergraduate, graduate and professional degrees. Created from an initial $1 million gift from Cornelius Vanderbilt, who envisioned a place that would “contribute to strengthening the ties that should exist between all sections of our common country,” Vanderbilt is situated on a 330-acre campus near the thriving city center, serving more than 12,000 students and employing almost 7,000 faculty and staff.
Vanderbilt offers undergraduate programs in the liberal arts and sciences, engineering, music, and education and human development, as well as a full range of graduate and professional degrees. The combination of cutting-edge research, strength in the liberal arts, and nationally-recognized schools of education, medicine, law, business, engineering, nursing, and divinity, creates an invigorating atmosphere where students tailor their educational experiences to meet their goals and researchers collaborate to solve complex questions affecting health, culture, and society.
Vanderbilt provides a gateway to greatness, drawing the best and brightest students from across the nation and around the world. Vanderbilt alumni can be found in Congress, on the judicial bench, among the list of Nobel laureates, heading corporations, conducting innovative medical research, writing for and appearing on the stage and screen, and playing in the NFL and major league baseball.
The university is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award bachelors, masters, education specialists and doctoral degrees. Vanderbilt is a member of the Association of American Universities.
About the Department of Risk & Insurance Management
RIM is four-person team which supports the university by providing mission- focused risk management and insurance services. We achieve this by:
Understanding the educational, research, service, and business goals of the university.
Using internal and higher education market data to drive trends analysis and risk management strategy and advocating for processes that address risk management.
Evaluating, advising and procuring insurance coverages for the institution as a risk transfer strategy.
Serving as a partner and advisor to university departments and equipping departments with risk-aware skill sets, empowering them to understand the implications in making decisions to assume, mitigate, transfer, or eliminate the impact of risk.
Advising departments on preferred insurance coverages related to contractual agreements between the university and vendors, contractors, or other outside corporations.
Approaching incident claims management by reviewing occurrences with department stakeholders for root causes and contributing factors, applying policy, process, and/or regulatory compliance in our response.
Practicing ethical and just practices in resolution of claims.
About the Position & Responsibilities
The Senior Director, Risk and Insurance Management (RIM) is part of Vanderbilt University Finance and is a key leader responsible for the development and implementation of the insurance and risk management programs, including the development of goals, objectives, policies and procedures for the department. This position supervises and coordinates all activities of the department, including risk identification, evaluation, prevention and assessment; risk financing and transfer via insurance; and claims management. Reporting directly to the Chief of Staff - VU Finance, the Senior Director advises departments across campus regarding a variety of risk management and insurance matters. In collaboration with the University’s General Counsel and Procurement departments, advises departments on contract language to ensure insurance considerations are adequate.
This position will have responsibility for managing all University risk financing arrangements (insurance and self-insurance) for the university. This will involve coordinating a comprehensive insurance program and the development, implementation, and delivery of risk management programs to ensure consistent direction, policy, and procedures for a broad range of risk exposures. This position supports the University's widely distributed risk owners, providing leadership and advisory services on risk mitigation and loss prevention for faculty, staff and students across the campus. The Senior Director works collaboratively with General Counsel, Workplace Safety, Audit, Risk & Compliance, Facilities, and a broad range of university personnel.
Ensuring effective operations of the department through program development, process improvement, and coordination/integration of processes with other departments.
Defining and achieving financial targets in support of business goals of the institution including maintaining operating and insurance budgets.
Directing, overseeing, and managing claims against the university for self-insured risks.
Coordinating with our General Counsel on pertinent litigation claims and place the insurance companies on formal notice when legal claims arise.
Monitoring expenditures from departmental budgets, self-insurance, and insurance policies to identify trends, evaluate variances, and measure success and areas for improvement.
Ensuring departmental involvement in institutional committees and projects to reduce risk and improve safety of employees, students, and visitors.
Oversee Protection of Minors policy administration and the implementation of procedures and processes to safeguard minors participating in programs and on campus.
Profile of an Ideal Candidate:
Bachelor's Degree, plus 5 - 7 years of experience in risk management, insurance, legal, and business management OR 10+ years of experience in risk management, insurance, legal, and business management.
Advanced degree or applicable professional designation in insurance and risk management is preferred (e.g. ARM, CPCU, CRM, CRMA).
Ability to devise risk mitigation, risk transfer, and insurance strategies to protect university assets and personnel.
Strategic leadership capable of developing and implementing overall strategic direction as well as change management strategies, including process improvement, establishing SOPs and documenting policies and procedures.
Strong quantitative, analytical, and financial management skills.
Evidence of successfully manage multiple priorities and meet deadlines.
Evidence of outstanding fiscal responsibility and budget management.
Living and Working in Nashville Nashville is consistently ranked as one of the best places in America to live and work. It is the largest city in Tennessee, and a recognized center for music, healthcare, publishing, banking, and technology services. The climate is moderate, with four distinct seasons, none of which are extreme. There is no personal income tax on earnings in Tennessee, saving the average relocating family between 3% and 10% of income – or a savings of $3,000 to $10,000 for every $100,000 earned.
The 10-county Nashville region is home to more than 1.8 million people and 40,000 businesses, with the city attracting more diverse new business from across the country than any city its size over the past 20 years.
The region is adding about 10,000 – 20,000 new jobs every year, in all sectors. Recently, Forbes ranked Nashville as the third best positioned city “to grow and prosper in the coming decade.” Nashville has over 12,000 acres of beautiful parks and a thriving, walkable downtown with a free bus and a bike-sharing system providing access to over 200 downtown restaurants and 124 performance venues for live music and the performing and visual arts.
The “arts participation” rate is nearly five times the national average. And, with 111,379 students in 18 colleges and universities, Nashville is the third largest college town in America.
Community Highlights in and around the Metropolitan Area:
Vanderbilt named #85 on “America's Best Large Employers”, the top employer in Tennessee and the Nashville metropolitan area for the 2nd year in a row, and as one of “America's Best Employers for Women” in 2019 (Forbes)
Ranked #4 “Brain Magnet” for gains in people with college educations
Ranked #7 as “Best City for Finding Employment Right Now” (Forbes)
Ranked #17 as “Best Place for Business and Careers” (Forbes)
The Gulch, an urban mixed-use neighborhood in downtown Nashville, is the first “Leadership in Energy and Environmental Design” (LEED) certified platinum neighborhood in America
Nashville is home to two of the top 100 K-12 public schools in America. (S. News & World Report)
Successful and well-respected NFL and NHL franchises
World-class symphony has received 13 GRAMMY® nominations and six wins
Ranked #1 “live music scene in America” (Rolling Stone)