Insurance Financial Risk Manager

Job Description

The University’s Finance Division is committed to being a best‑in‑class partner, delivering impactful, innovative, and forward‑thinking financial solutions that inform strategic decisions and empower Notre Dame to be a force for good in the world. As today’s financial stewards for tomorrow’s leaders, our daily work comes with a higher purpose.

The Office of Treasury Services ((Use the "Apply for this Job" box below).) collaborates with stakeholders across the University and beyond to transform ideas into reality, execute strategies, and support operational excellence. In addition to Insurance & Financial Risk, the Office of Treasury Services includes the areas of Cash Management, Capital Planning, Debt and Real Estate. The overarching goal of Treasury Services is to maximize economic value, contributing to making a Notre Dame education affordable for current and future generations.

Our team is seeking an experienced and dynamic Insurance & Financial Risk Manager to provide strategic leadership and expertise in managing the University’s core functions of insurance and mitigation of financial risk associated with loss events. This pivotal role involves the identification, evaluation, analysis, and appropriate retention/transfer of financial risk, serving as a primary resource for all University constituents.

Key responsibilities include:

• Insurance Leadership and Program Management: Provide primary strategic management over the insurance function, developing financial risk transfer strategies, policies, and protocols that aligns with the University’s operational, financial, and risk mitigation goals.
• Insurance Portfolio Management: Lead the comprehensive management of the University’s insurance portfolio. This includes evaluating whether financial risks are best managed through external transfer or internal mitigation strategies. When external transfer is warranted, propose and implement appropriate insurance structures, including coverage limits and retentions. Lead the review, negotiation, and procurement of individual insurance policies, including property, casualty, athletics, and international travel among others.
  
  Continuously assess the portfolio to identify coverage gaps, enhance contract language, and negotiate favorable terms, ensuring optimal financial risk protection, compliance, and stewardship.
• Risk Identification & Analysis: Identify current and emerging operational and enterprise level risks for the University, evaluating emerging trends and their potential impact, and advising campus and senior leadership on proposed financial risk mitigation strategies.
• Execute Alternative Risk Strategies: Explore and implement alternative risk strategies as appropriate to mitigate or transfer financial risk. This role provides strategic direction and has operational responsibility over implementation and expansion of the University’s Self‑Insurance Programs. Establish deductible and self‑insurance levels, maintain adequate reserves to fund deductibles and self‑insured losses, and manage the insurance and self‑insurance budgets and claims, providing detailed reports to leadership.
• Contractual Risk Transfer: Serve as the primary subject matter expert in reviewing and negotiating insurance‑related contract language, determining appropriate external insurance requirements for University contractors and service providers, and supporting and advising the Office of General Counsel and other campus constituents in the review of indemnification and insurance related provisions. Prepare waiver/release and indemnification agreements for campus operations and events as appropriate.
• Claims Administration: Administer the property and casualty claim process, including preliminary incident investigations, validating claims, evaluating liability exposures, determining applicable coverage, and actively pursuing subrogation of claims against third parties, including the negotiation of settlements. Note that this position is not responsible for Workers Compensation or Athletics Injury claims management.
• Team building: Lead and convene teams across campus, serving as an expert in the areas of…