Insurance Officer II

Description

• Tracks and reconciles the insurance premiums and properly allocations to the business units.
• Evaluates insurance policies and respective coverage for accuracy and confirming adequacy of contractual requirements.
• Provides advice to the City of Vancouver and its associated entities with insurance portfolio planning and procurement, including renewal submissions for various lines of coverage.
• Assists in preparing and drafting budget recommendations to current and future years insurance premiums and City’s self insurance funds.
• Assists with identification, measurement, and design of the City’s insurance and risk financing needs for City operations, properties, facilities, contracts, vendor agreements, third party activities and its associated legal liabilities.
• Reviews and provides advice on insurance and financial risk management provisions in legal contracts.
• Serves as the primary point of contact for inquiries related to insurance coverage and Certificates of Insurance
• Coordinates insurance certificates, both outgoing issued on behalf of the City of Vancouver, and incoming from various business partners (e.g., clients, contractors, and vendors).
• Coordinates the validation of accuracy of the property appraisal/the statement of property value details.
• Develops and conducts stakeholder focussed risk management training to increase overall risk awareness, support risk-informed decision making in the daily operations and promote existing risk management requirements and procedures.
• Provides expertise and advice on risk financing, insurance and loss control.
• Manages relationships with third party service providers including brokers and insurance companies.
• Supports Senior Manager, Insurance, Claims and Loss Controls to identify and assess risks, and loss control exposures in accordance with the City’s enterprise risk management framework, and the City’s risk tolerance level.

Requirements

• Ability to work well under pressure, handle multiple tasks and changing priorities with tight time frames.
• Experience in creating, delivering, and facilitating workshops and training.
• Ability to communicate effectively orally and in writing to all levels within the organization.
• A diploma in insurance, risk management, finance or related discipline as asset.
• Certificate in Risk Management (CRM) designation as asset.
• Willingness to acquire skills as new activities are undertaken and changes in technology occur.
• Ability to meet transportation needs.
• Working knowledge of claims management and finance applications.
• Working knowledge of the theories, principles and practices of contract law, indemnity, waivers, contract negotiation, risk management and risk transfer.
• Strong research, analytical and problem-solving skills.
• Completion of the 12th school grade supplemented by courses required for the Chartered Insurance Professional (CIP) designation or equivalent combination of education and experience may be considered.
• Experience in risk management frameworks and their application.
• Expert knowledge and understanding of insurance, risk management, and loss control.
• Sound related experience in the insurance, claims and risk management field, preferably for a large, diverse organization or municipality.
• Advanced computer skills with knowledge of the Microsoft suite of office product.
• Five years experience in insurance, claims and risk as asset.
• Sound knowledge of contract language, including insurance provisions and the understanding of indemnity clauses and other key factors.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance