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ACOM DIRECTOR RISK MANAGEMENT
The Director of Risk Management is responsible for acting as the insurance broker for the State of Arkansas and coordinating an insurance program that offers the most appropriate coverage for the cost through the Arkansas Insurance Department. This position is governed by state and federal laws and agency policy.
Class Code:
G018N
Job Grade:
GS14
Special Job Requirements:
Typical Functions:
Directs the work activities of a professional staff including interviewing and hiring, reviewing work, and evaluating the performance of incumbents.
Directs the research of insurance risks for state agencies and public schools.
Provides comprehensive analysis of insurance and risk assessment for state agencies and
public schools.
Compiles and analyzes data.
Presents reports and data to the Legislature, department directors, and school
superintendents.
Participates in development of division budget.
Researches and analyzes insurance market as it relates to state and public school needs.
Confers with insurance industry company senior staff, underwriters, brokers and loss
control engineers.
Studies, analyzes and recommends methods of alternative risk financing.
Secures insurance for state agencies and school districts at the most economical price.
Acts as a liaison for the Arkansas Fidelity Bond Board and oversees compilation of loss
data to provide to the Board at scheduled meetings.
Performs other duties as assigned.
Knowledge, Abilities, and Skills:
Knowledge of business research principles, processes, and techniques.
Knowledge of state and federal laws, rules and regulations regarding budget, human resource, and purchasing management.
Knowledge of supervisory principles and practices.
Knowledge of the insurance industry and risk management and safety programs.
Knowledge of state and federal laws, rules, regulations and guidelines regarding insurance
administration, rate structures and risk management.
Ability to present reports, analyze data, and manage diverse programs to meet the needs of
state agencies and school districts.
Ability to conduct research and analyses and prepare comprehensive
reports and presentations.
Ability to communicate effectively, both orally and in writing.
Ability to facilitate workgroups to accomplish goals.
Ability to understand, prepare and present analytical and financial data.
Ability to manage and process one or more databases for analytical reporting.
Minimum Qualifications:
The formal education equivalent of a bachelor’s degree in business administration or a related field; plus six years of progressively more responsible experience in the insurance industry, with five years in the insurance risk management field, including four years in a professional management capacity.
Required Certificates:
Exempt:
E
