Work where every moment mattersEvery day more than Hartford HealthCare colleagues come to work with one thing in common Pride in what we do knowing every moment matters here We invite you to become part of Connecticutrsquos most comprehensive healthcare network Hartford HealthCarersquos unified culture enhances access affordability equity and excellence Its care delivery system with more than locations serving towns and cities includes two tertiary level teaching hospitals an acute care community teaching hospital an acute care hospital and trauma center three community hospitals a behavioral health network a multispecialty physician group a clinical care organization a regional home care system an array of senior care services a mobile neighborhood health program and a comprehensive physical therapy and rehabilitation network On average Hartford HealthCare touches more than lives every single day The unique system wide Institute Model offers a unified high standard of care in crucial specialties at hospital and ambulatory sites across Connecticut offering unparalleled expertise at the most affordable cost The institutes include Ayer Neuroscience Behavioral Health Cancer Digestive Health Heart and Vascular Orthopedics and Tallwood Urology KidneyPosition SummaryThe Senior Director of Insurance Risk Financing will establish a disciplined and sustainable strategy for evaluating monitoring controlling and holistically financing risks to protect the systemrsquos balance sheet from unexpected volatility and maintain risk levels within the corporationrsquos tolerance for risk The Senior Director will identify and leverage opportunities across traditional and alternative risk financing mechanisms including managing the business operations of Hartford HealthCare Indemnity Services Ltd HHCISL to mitigate uncertainty and achieve an optimal balance between risk retention and risk transfer Key AccountabilitiesLead and oversee the placement of all commercial Property Casualty and Management Liability insurance coverage of Hartford Healthcare HHC and its employees Direct brokers to develop strategies that optimize renewal outcomes with a proper balance between risk retention and commercial risk transfer and leverage HHCrsquos captive and other risk retention strategies that effectively manage financial risk within HHCrsquos tolerance for riskLead all functions and strategic operation of Hartford Healthcare Indemnity Services Ltd HHCISL HHCrsquos Bermuda insurance company including managing the companyrsquos budget and PL and evaluating and deploying strategies that optimize HHCISLrsquos use and value to Hartford HealthcareMonitor risk trends through data analytics and other risk management information resources to identify sources of adverse risk trends and lead systemwide initiatives that will serve to reduce eliminate or control such risksEnsure that all covered claims are recorded and reported in a timely manner to ensure commercial and captive insurance responds as intended Coordinate with LegalClaim in the management of major insurance losses across the system including establishing and maintaining case reserves on retained losses consistent with HHCrsquos reserving policyManage a large and growing independent physician insurance program for affiliated physician practice underwritten by HHCISL Develop and execute strategies to solicitexpand participation in the Program as an alternative to competing commercial insurance marketsServe as the insurance and risk subject matter expert for business operations on contracts terms with vendors consultants medical providers leases and other similar contractsManage the department budget which includes premium and claim projectionsWork where every moment mattersEvery day more than Hartford HealthCare colleagues come to work with one thing in common Pride in what we do knowing every moment matters here We invite you to become part of Connecticutrsquos most comprehensive healthcare network Hartford HealthCarersquos unified culture enhances access affordability equity and excellence Its care delivery system with more than locations serving towns and cities includes two tertiary level teaching hospitals an acute care community teaching hospital an acute care hospital and trauma center three community hospitals a behavioral health network a multispecialty physician group a clinical care organization a regional home care system an array of senior care services a mobile neighborhood health program and a comprehensive physical therapy and rehabilitation network On average Hartford HealthCare touches more than lives every single day The unique system wide Institute Model offers a unified high standard of care in crucial specialties at hospital and ambulatory sites across Connecticut offering unparalleled expertise at the most affordable cost The institutes include Ayer Neuroscience Behavioral Health Cancer Digestive Health Heart and Vascular Orthopedics and Tallwood Urology KidneyPosition SummaryThe Senior Director of Insurance Risk Financing will establish a disciplined and sustainable strategy for evaluating monitoring controlling and holistically financing risks to protect the systemrsquos balance sheet from unexpected volatility and maintain risk levels within the corporationrsquos tolerance for risk The Senior Director will identify and leverage opportunities across traditional and alternative risk financing mechanisms including managing the business operations of Hartford HealthCare Indemnity Services Ltd HHCISL to mitigate uncertainty and achieve an optimal balance between risk retention and risk transfer Key AccountabilitiesLead and oversee the placement of all commercial Property Casualty and Management Liability insurance coverage of Hartford Healthcare HHC and its employees Direct brokers to develop strategies that optimize renewal outcomes with a proper balance between risk retention and commercial risk transfer and leverage HHCrsquos captive and other risk retention strategies that effectively manage financial risk within HHCrsquos tolerance for riskLead all functions and strategic operation of Hartford Healthcare Indemnity Services Ltd HHCISL HHCrsquos Bermuda insurance company including managing the companyrsquos budget and PL and evaluating and deploying strategies that optimize HHCISLrsquos use and value to Hartford HealthcareMonitor risk trends through data analytics and other risk management information resources to identify sources of adverse risk trends and lead systemwide initiatives that will serve to reduce eliminate or control such risksEnsure that all covered claims are recorded and reported in a timely manner to ensure commercial and captive insurance responds as intended Coordinate with LegalClaim in the management of major insurance losses across the system including establishing and maintaining case reserves on retained losses consistent with HHCrsquos reserving policyManage a large and growing independent physician insurance program for affiliated physician practice underwritten by HHCISL Develop and execute strategies to solicitexpand participation in the Program as an alternative to competing commercial insurance marketsServe as the insurance and risk subject matter expert for business operations on contracts terms with vendors consultants medical providers leases and other similar contractsManage the department budget which includes premium and claim projectionsMasterrsquos degree is required In lieu of a Masterrsquos degree a Bachelorrsquos degree along with CPCU ARM RPLU or other comparable insurance related experience andor professional designations will be consideredFifteen plus years in commercial insurance risk management or insurance brokerFive plus years of progressive leadership experienceStrong leadership with a proven ability to collaboratively build consensus and lead cross functional teams to achieve resultsExceptional communication skills and ability to effectively present at the highest levels of the organization Strong analytical and project management skills Ability to distill down and communicate complex analytical or financial concepts to individuals with varying levels of insurance and risk knowledgeWe take great care of careersWith locations around the state Hartford HealthCare offers exciting opportunities for career development and growth Here you are part of an organization on the cutting edge ndash helping to bring new technologies breakthrough treatments and community education to countless men women and children We know that a thriving organization starts with thriving employees we provide a competitive benefits program designed to ensure worklife balance Every moment matters And this is your momentMasterrsquos degree is required In lieu of a Masterrsquos degree a Bachelorrsquos degree along with CPCU ARM RPLU or other comparable insurance related experience andor professional designations will be consideredFifteen plus years in commercial insurance risk management or insurance brokerFive plus years of progressive leadership experienceStrong leadership with a proven ability to collaboratively build consensus and lead cross functional teams to achieve resultsExceptional communication skills and ability to effectively present at the highest levels of the organization Strong analytical and project management skills Ability to distill down and communicate complex analytical or financial concepts to individuals with varying levels of insurance and risk knowledgeWe take great care of careersWith locations around the state Hartford HealthCare offers exciting opportunities for career development and growth Here you are part of an organization on the cutting edge ndash helping to bring new technologies breakthrough treatments and community education to countless men women and children We know that a thriving organization starts with thriving employees we provide a competitive benefits program designed to ensure worklife balance Every moment matters And this is your moment