"Risk Management Analyst"

Job Details

IMPORTANT APPLICATION INSTRUCTIONS:

• Upload Resume or Curriculum Vitae for automatic population of information to the application.
• The contact information, work experience, and education listed on your Resume/CV will be parsed and input into your Montclair application.
• Review information and double-check all fields containing information that the system parsed – the software is intelligent, but you need to verify that the data is accurate.
• In the “My Experience” section, you will find a Resume/CV upload option where you can submit your cover letter and all other supporting documents.

Note: If you have an expansive CV, we recommend that you apply manually and only include the positions you have held in the last ten (10) years. You will then be able to attach your Resume/CV, as well as all other supporting documentation in the "My Experience" section of your application.

Job Description

SUMMARY

Reporting to the Director of Risk Management, the Risk Management Analyst is an experienced professional in insurance and risk management. This role manages and improves operations for the university’s broad insurance and liability portfolio (property, auto, athletics, crime, cyber, fine arts, professional, and other lines as applicable.) and serves as a liaison with the NJ State Colleges and Universities insurance consortium. The Risk Manager also supports enterprise risk management initiatives by supporting the development of the Enterprise Risk Management (ERM) framework, contributing to risk assessments, and advising campus stakeholders on risk and insurance related matters.

PRINCIPAL DUTIES AND RESPONSIBILITIES

Insurance

• Assist in managing the insurance and liability portfolio across property, auto, athletics, crime, cyber, fine arts, professional, and other lines as applicable.
• Support the insurance policy renewal process by engaging with various departments to collect required information and submit accurate and timely applications.
• Manage and resolve insurance claims, working with insurers, legal counsel, and campus stakeholders.
• Act as liaison and maintain relationships with the consortium risk manager and third-party service providers (brokers, insurers, state insurance administrators, etc.).
• Review contracts, policies, and university activities to ensure appropriate coverage and compliance.
• Provide risk advisory services to departments and senior leadership.
• Assist in insurance and liability portfolio budget planning and financial analysis.

Continuous Improvement

• Identify and recommend process improvements in risk management and insurance operations, ensuring efficiency, accuracy, and compliance.
• Collaborate with campus stakeholders to evaluate current procedures and introduce standardized practices for risk and insurance related processes.
• Monitor industry best practices and emerging technologies to recommend enhancements to university risk management operations.

Enterprise Risk Management (ERM)

• Support the Director of Risk Management in developing and implementing the university’s ERM framework.
• Contribute to risk assessments, reporting, and communication of risk priorities.
• Assist in training and support risk awareness initiatives across the university.

Other

• Performs other related duties as assigned.
• Management retains the right to add or change job duties at any time.

QUALIFICATIONS

REQUIRED

• Bachelor's degree in business, risk management, insurance, or a related field from an accredited college or university.
• Minimum of three (3) years of progressive experience in risk management, insurance, or claims administration.
• Demonstrated expertise in managing complex insurance programs and claims independently.
• Experience managing a comprehensive range of insurance programs including property and liability.
• Experience improving risk management processes and systems.
• Exposure to enterprise risk management concepts.
• Experience with Risk Management Information Systems.
• Detail oriented with strong analytical, organizational, problem-solving, and project management skills.
• Ability to communicate complex technical information to non-technical stakeholders.
• Ability to work well with all levels of management and able to handle diverse customer interactions with professionalism and respect.

PREFERRED

• Professional license, certification, or designation related to or demonstrating competency in risk management (RIMS-CRMP, ARM, CPCU, AINS, CRM, CSRM).
• Knowledge of risk frameworks (e.g., COSO, ISO, NIST).
• Experience in higher education or public sector organizations.
• Familiarity with NJ Tort Claims Act and New Jersey insurance regulations.
• Knowledge of and/or professional license, certification, or designation related to or demonstrating competency in project management or process improvement (e.g., PMP, Six Sigma).
• Strong proficiency in Microsoft Office (Word, Excel, PowerPoint) and/or Google Workspace (Forms, Drive).

PROCEDURE FOR CANDIDACY
Applicants should include a resume and cover letter describing how their background, skills and education match the needs of the University. When applying, please take a moment to carefully read and follow the steps in the application instructions.

Salary Range
$78,000.00-$85,000.00 Annually

The position may also be eligible for comprehensive benefits, including health insurance, retirement plans, and tuition assistance. For further details, please visit: https://www.montclair.edu/human-resources/benefits/

Montclair State University considers factors such as, but not limited to, scope and responsibilities of the position, candidate’s relevant work experience, education, skills, and internal equity, when extending an offer.

Salary offers for internal employees who are part of a collective bargaining unit (CBU) and are applying to a position that is within a CBU will be determined in accordance with contractual provisions.

Department
Enterprise Risk Management

Position Type
Administrative

Contact Information:
For questions or concerns, please contact Human Resources' Workday Recruiting Support at 973-655-5000 (Option 2), or email talent@montclair.edu.