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EXECUTIVE DIRECTOR, CAPTIVE INSURANCE PROGRAMS
University of California Office of the President | |||||||||||||
United States, California, Oakland | |||||||||||||
1111 Franklin Street (Show on map) | |||||||||||||
March 23, 2023 | |||||||||||||
For UCOP internal applicants, please login to the internal candidate gateway at: UC OFFICE OF THE PRESIDENT At the University of California (UC), your contributions make a difference. A world leader producing Nobel and Pulitzer prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world, and those who will follow in their footsteps. Working at the University of California is being part of a unique institution, and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and systemwide. We are passionate people, serving the greater good. The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, six academic medical centers and three national laboratories and enrolls premier students from California, the nation and the world. DEPARTMENT OVERVIEW The Office of Risk Services is responsible for developing and implementing Enterprise Risk Management systemwide, identifying and developing strategies to minimize the impact of risk, developing a center of excellence for managing risk, reducing costs and improving safety by executing new ideas and strategic plans in a rapid manner. By strategically managing risk we can reduce the chances of loss, create greater financial stability and protect our resources in support of UC's mission. POSITION SUMMARY The University's Captive Insurance Company Platform (Captive Platform) consists of five licensed and regulated captive insurance companies (Fiat Lux Risk and Insurance Company, Eureka Insurance Company PCC, Eureka One IC, an incorporated cell Captive Insurance Company and Sequoia IC, an incorporated cell of Eureka Insurance Company PCC. The Fiat Lux, Risk and Insurance Company, contains over two billion in assets and collects over $600 million of premiums annually. Through the Captive, there are over 45 lines of insurance managed, including medical malpractice, general liability, auto, employment practices, workers' compensation, travel insurance, UC Student Health Insurance, cyber and network liability, aviation, and marine. Fiat Lux Risk and Insurance Company ("Fiat Lux" or the "Company") is a non-profit pure captive insurance company domiciled in the District of Columbia. The Company is a wholly-owned subsidiary of The Regents of the University of California ("UC"). The Company was formed in September of 2012 by UC, in collaboration with the Office of Risk Services, for the purpose of optimizing the University's management of retained risks. Its mission is to enable the University faculty, staff, and students to identify and manage risks associated with their activities, consistent with the University's missions of teaching, research, patient care, and public service. Through strategic management of risk, the University will reduce the chance of loss, create greater financial stability, and protect its resources. These risks span conventional insurances such as the deductibles under commercial property and casualty risk placements, areas of insurable risk where the University has chosen not to purchase risk transfer, and more esoteric risks where commercial risk transfer markets do not offer relevant solutions. This position is the Executive Director for this Program, and serves as an organization Captive Insurance official. Directs the overall operation of Captive Insurance Enterprise Risk Management programs, including ensuring compliance and overall program management. Creates, develops and implements strategies and programs to meet changing demands and provides broad spectrum risk management enterprise expertise and knowledge to the University. Reporting to this position are the Captive Finance Director, Captive Program Director, Warranty Risk Manager and Administrative Officer. Responsibilities
Required Qualifications
Education
SALARY AND BENEFITS Salary: $185,000 - $215,000 Benefits: For information on the comprehensive benefits package offered by the University visit: ADDITIONAL INFORMATION This position is based in Oakland and may be eligible for hybrid work within California. HOW TO APPLY Please be prepared to attach a cover letter and resume with your application. APPLICATION REVIEW DATE The first review date for this job is June 10, 2022. The position will be open until filled. CONDITIONS OF EMPLOYMENT Background Check Process: Successful completion of a background check is required for this critical position. Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. August 2021 Update: The University of California has issued a policy requiring employees to be fully vaccinated against COVID -19 before physically accessing the University location or programs. Upon hire into a UCOP position, you will be provided detailed instructions on how to comply with this policy including access to the COVID vaccination at no cost. New hires to UCOP who work onsite or will come onsite for any activities at a UCOP or other UC location must comply with this policy within 8 weeks after their start date. The policy allows for employees to request approval for an exception or deferral. EEO STATEMENT The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. The University of California, Office of the President, strives to make this job board accessible to any and all users. If you have comments regarding the accessibility of our website or need assistance completing the application process, please contact us at: or email the Human Resource Department at: . |