City of Boston

Risk Finance Manager

Posted Date 1 month ago(12/20/2021 10:10 AM)
Req ID
2021-21121
Dept
ASD Office of Budget Mangmnt
Position
Regular Full-Time
Location
ASD-Budget Management
Salary Min
87,717.44
Salary Max
122,613.57
Union
EXM
Openings
1
Contact Email
Conor.Kenney@boston.gov

Overview:

City operations include police, fire, public schools, streets, parks, human services, economic development and arts and culture.  The Administration & Finance Department is at the hub of all branches of City government, providing financial resources and management through budgeting, purchasing, accounting and treasury, and human resource services through health insurance and workers’ compensation.  The Risk Finance Manager is part of a coordinated A&F team, working together with the operating departments.

 

Brief Job Description (essential functions of the job):

Reports to the Director of the Office of Budget Management, supervise staff. The Risk Finance Manager plans, organizes, and executes a comprehensive citywide risk finance program to minimize the City’s loss of financial and physical assets due to unexpected events.  Manages all commercial insurance purchases and provides insurance expertise for vendor contracts. Works closely with other City departments to promote effective risk management practices in all areas.

Responsibilities:

Plans, manages and implements the City’s Risk Finance Program, including strategic approach and specific self-insurance and commercial insurance components, including:

 

  • Maintains or utilizes data systems required to report underwriting data for commercial insurance, including property database(s).  Improve individual data as necessary, including valuations and Construction Occupancy Protection Exposure (COPE) information.
  • Identifies and implements the most effective commercial insurance programs, including hiring insurance brokers and managing placement processes.  Current programs include catastrophic property, fine arts, equipment breakdown, and foreign travel. 
  • Manages insurance claims.
  • Coordinates property insurance loss control inspections, and resolution of recommendations by department facility managers.
  • Hires vendor(s) to perform state boiler & machinery inspections, and supports efforts to assure resolution of recommendations.
  • Works closely with other City departments, promotes a culture of risk management and safety in all departments and work areas, and assists in designing and implementing improvements. 
  • Works with Law, Purchasing and Auditing departments to assure adequate vendor indemnification and insurance purchases for all City vendor contracts,, including defining standard insurance contract requirements and providing insurance expertise for complex programs. 
  • Provides citywide self-insurance statement(s), and purchase insurance required by contracts if necessary.
  • Collaborates with the Law Department, tracks, analyzes, reports trends, and works with operating Departments to reduce future claims.  Implements department legal claims chargebacks to department budgets. Responds to public information requests regarding legal claims.
  • Collaborates with the Office of Human Resources, Police and Fire Departments,  assisting in the management of workplace injury claims and employee wellness and workplace safety. Compiles reports on workplace injury claims costs and trends to inform management.
  • Closely collaborates with the Office of Emergency Management to maximize future claims recoveries during large catastrophic events. Provides Finance and Administration expertise in the Emergency Operations Center during emergency incidents. Participates in compilation of FEMA claims, as appropriate. 
  • Performs related duties are required.

 

Managing Resources

  • Works independently to accomplish tasks, soliciting support as needed.
  • Hires and manages vendors as necessary for implementing all program needs effectively.
  • Manages department staff assisting in risk management responsibilities.
  • Maintains strong and effective collaborative working relationships with all City department  and elected officials and other stakeholders.

Minimum Entrance Qualifications:

  • Five (5) years of  experience in risk management, safety/property loss control, commercial insurance, or financial analysis including two years with supervisory or  management experience. 
  • Bachelor’s or Master’s Degree in business or public administration, Finance, Economics, Risk Management or related field from an accredited college or university.

 

Highly Desirable

  • Master’s Degree in Business, Finance, Economics, Risk Management or related field from an accredited college or university.
  • Associates in Risk Management (ARM) certification.Demonstrated successful experience and expertise:
  • Excellent written and verbal communication skills.
  • Ability to understand financial systems and Massachusetts General Laws (MGL) contract requirements, and assures vendor RFP processes, contracts, and payments are processed properly.
  • Lead role in planning,  managing and directing a complex insurance program.
  • Knowledge and application of risk management safety and loss control programs.
  • Management and leadership skills. 
  • Working in a similar, complex organization, preferably public sector, requiring collaborative partnerships.
  • Ability to exercise good judgement and focus on detail as required by the job. 

 

Boston Residency Required. 

 

Terms:

Union/SalaryPlan/Grade: MM2-10

Hours per week: 35

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