City of Boston

Risk Finance Manager - Budget

Req ID
ASD Office of Budget Mangmnt
Regular Full-Time
ASD-Budget Management
Salary Min
Salary Max
Posting End Date
Contact Email


City operations include police, fire, public schools, streets, parks, human services, economic development and arts and culture. The Finance Cabinet along with People Operations Cabinet are 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 works as part of a coordinated team within these cabinets, working together with the operating departments.


Brief Job Description (essential functions of the job):


Reporting to the Director of the Office of Budget Management, 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.



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 purchases 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. 
  • Supports various analytical projects within the office of Budget Management across all funding sources and including health benefits and insurance.
  • Collaborates across the finance cabinet to pursue alternative types of risk finance models including self-finance risk management. 
  • 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 departments  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.
  • One to three (1-3) years supervisory experience preferred.


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 assure 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 judgment and focus on detail as required by the job. 





Union/SalaryPlan/Grade: MM2-10

Hours per week: 35


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