Risk and Insurance Specialist - Hamilton, Canada - Mohawk College

Mohawk College

Verified Company

Hamilton, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Risk and Insurance Specialist Status**:
Full Time

Hours:
Monday - Friday, 35 hours/week

Home Campus:
Fennell (hybrid work arrangements available)

Rate of Pay:
Payband 10 ($85,528 - $106,911 per year)

Posting Date:
April 10th, 2024

Closing Date:
April 24th, 2024 at 7:00 pm EST

We believe the rich diversity among our students and the communities we serve should be reflected within our workforce.

As educators, we believe it is important to act and show leadership in advancing the principles of reconciliation, equity, diversity, and inclusion in our community.

Job Summary

The role will involve supporting the management and development of the enterprise risk management program at Mohawk College through the facilitation of risk identification and assessments at all levels of the organization.

The Risk & Insurance Specialist will play an active role in producing detailed risk reports for management and take part in continuous improvement of the corporate risk management function.

In addition, the incumbent will work with key business functions, faculty, and departments as a consultant, to review and improve internal controls and processes to manage various risks and exposures.

In addition to the responsibilities in risk management, the incumbent will also be responsible for overseeing insurance-related activities.

This will involve evaluating the college's insurance needs, working closely with insurance brokers, and ensuring that appropriate insurance coverage is in place to protect the institution from potential risks and liabilities.

The incumbent will bring expertise in people, process, and technology in ensuring that Mohawk College's risk management capability is effective in managing the risks it faces, to help obtain Mohawk College's strategic objectives as an institution.

What you'll be doing:

Insurance
Reporting to and under the guidance of the Manager, Risk, Legal and Governance Services, this role manages the Insurance portfolio for College by:

Acting as main insurance contact for College community and insurance contacts;
Reviewing College contracts, rental agreements, and others forms of agreements for insurance provisions and risk implications on monetary and nonmonetary contracts and initiatives;
Liaising between insurance brokers and College employees to answer questions, resolving disputes and addressing insurance and risk management inquiries, including claims;
Proactively identifying potential insurance issues and/or potential risks, and then working with the Manager, Risk, Legal and Governance Services and the College community to mitigate/manage these risks and trouble shoot concerns that arise across the College.
Keeping the Manager, Risk, Legal and Governance Services up to date on insurance and risk matters related to the college
Obtaining certificates of insurance for College contracts and reviewing annually total suite of certificates of insurance provided by the college;
Reviewing third party certificates of insurance for completeness and validity;
Coordinating the College claims process and facilitating communication with insurance brokers;
Maintaining the relationship and liaising with the College sector Joint Insurance Consortium;
Coordinating the insurance annual renewal process for both the College, Mohawk College Foundation and any other applicable entities;
Remitting information to insurers as required;
Stay up to date with all College insurance policies, their implications and reporting requirements;
Monitoring and updating claims status and information; and managing the electronic insurance database and claims information system;
Conducting gap analysis to identify areas where insurance coverage may be insufficient or lacking.
Liaise with Finance to track and monitor insurance related costs and budget;
Manage authorized driver process to ensure compliance with transportationrelated insurance requirements.
Staying apprised of insurance trends and developments that may impact the College.

Enterprise Risk Management
Support the Manager, Risk, Legal and Governance Services ERM work by overseeing the development, execution and continued improvement of a comprehensive college-wide enterprise risk management framework by:

Creating and maintaining a risk inventory with risk sources, risk examples by category, controls, mitigation strategies and accountabilities.
Continuously updates the risk inventory to ensure consistency and completeness of material risk sources;
Providing expert consultative advice on risk identification and assessments, including best practices for the development and implementation of risk mitigation strategies
Analysing risk reports/assessments from divisional areas and staying updated with external developments to identify significant issues and trends, and emerging risks.
Creating and maintaining risk management metrics
Preparing periodic risk reports for s