Financial Risk Manager Jobs in Lubbock, TX (NOW HIRING)

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The Risk Management Coordinator assists in the systematic gathering and utilization of data essential to hospital wide risk management programs. The position assists with the complex administration of UMC's extensive insurance programs.
Reports to: Senior Vice President Finance
Job Specific Responsibilities
Daily assignments may include but are not limited to:
• Ensure that the malpractice insurance process is maintained for all required UMCP employees and is updated on an as needed basis to reflect the most current information available.
• Ensure pricing and coverage limits are appropriate for workers' compensation, general liability, property, errors & omissions, directors & officers, cyber liability, and commercial auto insurance policies.
• Assist in the annual preparation and compilation of policy specific insurance applications and documents for insurance policy renewals. Ensure applications for renewal or new coverage are timely, complete, and accurate. Review each renewed insurance policy and endorsement for completeness, assess any changes to determine the impact and request explanation or clarification from insurance carriers.
• Act as liaison between all UMC entities and broker/insurance carrier representatives to assess coverage needs and address questions and/or concerns. Implement policy changes as needed.
• Review agreements, contracts, and leases for insurance provisions to ensure adequate coverage and/or compliance with existing coverage.
• Assist with insurance assessments for special events. Review related contracts and activities to determine additional coverage needs.
• Manage distribution of Certificates of Insurance to internal and external recipients for all lines of coverage. Respond to requests for professional liability certificates. Prepare or request certificates from insurance brokers as needed.
• Perform training of new and current employees on UMC's risk management processes, as necessary.
• Work with any appropriate levels of administration to address malpractice/insurance risk issues.
• Stay abreast of current developments from state and federal agencies regarding applicable risks
• Assist in reporting to the Senior Vice President Finance and other appropriate members of UMC's management and/or committees on relevant issues and help to serve as representative of the UMC's risk management area with other internal and external committees.
• Conduct yearly assessments of the risk management environment both internally and externally to help revise UMC policies and/or processes to account for any identified changes.
• Provides data and reporting as required
• Attend property site inspections with facility management.
• Attend meetings as required.
• All other related duties assigned.
Education and Experience
• Bachelor's degree preferred.
• Experience in healthcare law and/or previous experience relating to risk management, contracting and medical malpractice management may be substituted in lieu of degree.
Required Licensures/Certifications/Registrations
• Existing licensure in risk management preferred or a commitment to become certified within 2 years
Skills and Abilities
• Demonstrated ability to apply critical thinking and investigative skills in stressful environments
• Must have ability to create and maintain organized, confidential, and professionally documented investigative files consistent with department processes.
• Must be able to apply professional judgment as needed to prioritize work to achieve a consistent professional written work product and optimal productivity.
• Proficient use of Microsoft Office Suite
Interaction with Other Departments and Other Relationships
• This is a system level position that works with UMCP and other affiliate entities. This position requires interaction with medical staff and ancillary areas in order to facilitate a quality multi-disciplinary approach to risk management with direct reporting to the Senior Vice President of Finance.
Physical Capabilities
• Work is of medium demand: walking, sitting and standing most of the time while on duty.
• Adequate hand/eye coordination and fine motor skills required.
Environmental/Working Conditions
• This position is subject to inside environmental changes that may include constant change in temperatures.
Direct Reports
N/A
UMC Health System provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment on the basis of race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
*Request for accommodations in the hire process should be directed to UMC Human Resources.*