INSURANCE MANAGER DEFINITION:
Under direction, administers, coordinates and implements insurance programs to provide adequate protection for government property and personnel; does other related work.
NOTE: The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job specification. Conversely, all duties performed on the job may not be listed.
EXAMPLES OF WORK:
Conducts, oversees and arranges a full range of appraisal inspections and inventories, including financial and operating data; establishes information which will serve as bases for identifying assets, liability, and determining extent of coverage, and premiums.
Advises management on all matters related to loss amounts and types of insurance needed to provide proper coverage and reserves in case of loss.
Recommends the selection of insurance brokers and carriers and alternate methods of insurance by analyzing/comparing coverages, premiums, policy terms and other provisions; arranges for adequate insurance protection for assets of the jurisdiction (or other similar government entity).
Purchases insurance coverage such as casualty, property (real and personal), fidelity, group life, medical and dental and pension plans by developing invitations-for-bid and requests for proposal or quotations.
Facilitates the selection of most economical source of insurance protection.
Coordinates and arranges the implementation of various insurance programs.
Arranges bonding and insurance of public property and personnel.
Examines leases, contracts and rental agreements for liability clauses included in insurance policy.
Appraises value of government properties to determine appropriate insurance policy and coverage.
Arranges special public institutional property insurance coverage after determining if institutions are eligible for coverage.
Maintains claim procedures for use in claim investigations.
Aids legal department in negotiations with government entity as lessor or lessee by determining contract liability contained in leases and liability insurance coverage.
Arranges for bonding of public employees by researching statutes, setting up terms of bond, and contracts with bonding companies.
Collects information and materials required for review, evaluation, and analysis by insurance consultants and insurance fund commission.
Coordinates processing of claims against the policies held by the jurisdiction.
Acts as liaison between the claimants, insurance administrators and the jurisdiction.
Processes and checks claim forms filed with the insurance administrator in connection with the entities self insured fund.
Maintains records of policies, premiums, losses, recoveries, types of contracts and expiration dates.
Interprets reports pertaining to employee injuries and confers with physicians to determine validity of injuries.
Will be required to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.
REQUIREMENTS:
NOTE: Applicants must meet one of the following or a combination of both experience and education. Thirty (30) semester hour credits are equal to one (1) year of relevant experience.
Five (5) years of professional work experience on a technical level involving the determination of insurance policy coverage, claims and bonding procedures or the commercial underwriting of property and casualty insurance.
OR
Possession of a bachelor's degree from an accredited college or university; and one (1) year of the above-mentioned professional experience.
NOTE: "Professional experience" refers to work that is analytical, evaluative, and interpretive; requires a range of basic knowledge of the profession's concepts and practices; and is performed with the authority to act and make accurate and informed decisions.
LICENSE:
Appointees will l be required to possess a driver's license valid in NJ only if the operation of a vehicle, rather than employee mobility, is necessary to perform essential duties of the position.
KNOWLEDGE AND ABILITIES:
Knowledge of the theories, objectives, principles and/or practices of commercial insurance.
Knowledge of commercial insurance operations.
Knowledge of statutory or regulatory provisions pertaining to insurance.
Knowledge of contract law related to insurance.
Ability to read, examine and comprehend documents of a legal nature.
Ability to evaluate various insurance premiums and form filings to determine cost and coverage effectiveness.
Ability to prepare reports.
Ability to interpret and apply rules, regulations and eligibility requirements to determine if specified criteria has been met.
Ability to plan, administer, and coordinate various components of an insurance program.
Ability to determine types and amounts of insurance needed.
Ability to organize technical insurance work and develop effective work methods.
Ability to plan and administer casualty insurance and bonding programs.
Ability to give provide assignments and instructions to staff and supervise their work performance.
Ability to establish and maintain cooperative working relationships with other interested and concerned agencies and individuals.
Ability to prepare reports.
Ability to establish and maintain records and files.
Ability to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.
Ability to read, write, speak, understand, and communicate in English sufficiently to perform duties of this position. American Sign Language or Braille may also be considered as acceptable forms of communication.
Persons with mental or physical disabilities are eligible as long as they can perform essential functions of the job with or without reasonable accommodation. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.
