State of Connecticut Executive Branch

Director Of Insurance And Risk Management (1360MP)

$53.96-$73.57 Hourly / $4,316.06-$5,885.33 BiWeekly /
$112,649.00-$153,607.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Insurance and Risk Management Board this class acts as Staff Director and is accountable for directing fiscal and administrative functions for the programs and operations of the Board.

SUPERVISION RECEIVED

Receives executive direction from the Chairman of the Insurance and Risk Management Board.

SUPERVISION EXERCISED

Directs staff assigned to the Board.

EXAMPLES OF DUTIES

  • Directs staff and operations of the Insurance and Risk Management Board;
  • Coordinates, plans, manages and provides recommendations and guidance to the Board on all insurance and risk management issues;
  • Formulates, implements, administers and evaluates program policies, goals and objectives;
  • Develops and administers risk management and loss control programs and activities designed to reduce liability and property claims and/or overall program costs;
  • Prepares and administers biennial budget for the Board;
  • Maintains contact with individuals within and outside of the Board who might impact on program activities;
  • Selects and oversees the Agent of Record and the Third Party Independent Claims Contractor and monitors activities to ensure compliance with contract provisions;
  • Works with state agencies, universities, colleges and technical schools to develop programs to prevent claims and control costs;
  • Prepares and presents statistical reports on requested subjects to the Board;
  • Reviews and analyzes financial, claim and other data provided by insurance carriers and contractors to set priorities and determine long range strategy for the Board;
  • Provides technical assistance to state agencies on insurance and risk management issues;
  • Reviews fiscal and administrative operations for effectiveness and compliance with statutory requirements and agency policies;
  • Works closely with management to enhance use of quantitatively based risk management methods and procedures across all state agencies;
  • Leads the recruitment and hiring of staff, including outreach, interview and selection;
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Considerable knowledge of
    • and ability to apply management principles and practices;
    • relevant state and federal laws, statutes and regulations;
    • insurance finance operations;
  • Knowledge of
    • insurance contracts;
    • research techniques;
  • Considerable
    • interpersonal skills;
    • oral and written communication skills;
  • Considerable ability to plan, organize and direct research programs and examinations of complaints;
  • Ability to
    • analyze and respond to complex issues arising in insurance and risk management research;
    • develop programs that have a measurable impact in reducing an organization’s exposure to losses.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Nine (9) years of experience in risk management, claims management, loss control or insurance purchasing.

MINIMUM QUALIFICATIONS - SPECIAL EXPERIENCE

Two (2) years of the General Experience must have been at a managerial level with responsibility for large-scale insurance and risk management programs including budgeting, program development and staff supervision.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

  • College training may be substituted for the General Experience on the basis of fifteen (15) semester hours equaling one-half (1/2) year of experience to a maximum of four (4) years for a Bachelor’s degree.
  • A Master's degree in accounting, business, insurance, finance, economics or actuarial science may be substituted for one (1) additional year of the General Experience.

JOB CLASS DESIGNATION

Classified/Competitive

OCCUPATIONAL GROUP

(15)-Insurance Programs and Control

BARGAINING UNIT

(02)-MANAGERIAL

EEO

(1)-Officials And Administrators

SALARY INFORMATION

MP 68

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all-inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

This replaces the existing specification for the class of Director of Insurance and Risk Management in Salary Group MP 68 approved effective June 1, 2001. (Revised to add Acknowledgement section and modify content) Final No. 22-007

EFFECTIVE DATE

04/01/2022
CLASS: 1360MP; REV: 12/27/2022;