Risk Fiscal Administrator
DEFINITION: Under general direction, plans, organizes, and
directs the Financial, Loss Control, and Property Insurance programs
of the County's Risk Management Office; coordinates, calculates, and
communicates departmental insurance rates, program costs/budgets,
loss trends, and actuarial studies; and performs other related
duties as assigned.
DISTINGUISHING CHARACTERISTICS: This is a management classification
in the General Services Department, responsible to an Assistant
General Services Director for the fiscal oversight of three Internal
Service Funds (ISFs). It is distinguished from the Risk Program
Administrator by its focus on managing fiscal aspects of claims
management, loss control, settlements, and program performance.
EXAMPLES OF DUTIES:
1. Directs the loss control analysis activities of the General
Liability, Medical Malpractice, and Workers' Compensation funds,
including determining risk exposure, identifying trends, and
collaborating with departments and Risk Program Administrator to
develop and implement policies and programs to address negative
trends and to limit the County's exposure to risk; supervises and
evaluates the work of professional staff.
2. Develops and provides periodic statistical, financial, and other
reports on risk management activities and loss data to department
management and the Board of Supervisors; compiles and analyzes data
on trends to identify high-risk areas and develops action plans to
address these areas; confers with County management and employees to
discuss risk mitigation; provides a fiscal impact review of new
statutes, regulations, and case law and develops proposals for
mitigating such impacts.
3. Notifies insurance companies of covered property losses and
ensures claims are handled correctly and expeditiously; surveys the
County's equipment, facilities, and practices to identify potential
liabilities and hazards and to evaluate insurable risk; conducts
fiscal analyses and determines appropriate risk funding and
insurance levels in order to balance County costs with acceptable
levels of risk exposure.
4. May review self-insurance programs on an ongoing basis for
adequate coverage and cost-effectiveness as compared to available
outside insurance and other benchmark entities; makes determinations
on converting self-insured programs to insured programs or
vice-versa; writes specifications for purchase of insurance and
5. Prepares financial plan, budget, and monthly financial report in
order to analyze fiscal performance of the three Internal Service
Funds; identifies problem areas and either takes corrective action
or confers with the Risk Program Administrator to ensure acceptable
fiscal performance; oversees the accounting and internal controls of
the Workers' Compensation, General Liability, and Medical
Malpractice funds and serves as the point of contact for procedural
audits by outside auditing firms.
6. Develops annual premium rates for self-insured Workers'
Compensation, General Liability, and Medical Malpractice programs;
communicates and explains rate information to departments; reviews
and approves actuarial studies performed on the County's
self-insured programs; reports on the results of these studies to
senior management and recommends changes based on the results.
7. Reviews open claims with significant potential fiscal impact,
determines appropriate reserves, and provides a financial
perspective on managing the case; reviews claims being considered
for settlement and determines present value of the claim and either
approves or denies the settlement proposal.
1. Possession of a bachelor's degree in accounting, business
administration, or a related field, and three years of increasingly
responsible experience in the area of financial analysis in an
insurance environment, including one year of supervisory experience;
2. a combination of training, education, and experience that is
equivalent to the employment standard listed above and that provides
the required knowledge and abilities.
Knowledge of: generally accepted accounting principles, including
internal control systems; complex financial analysis and
presentations; general principles of public liability; principles of
risk funding and insurance; types of insurance and related
contracts, indemnification, and underwriting; principles of risk
transfer; principles and practices of project management; contract
negotiation techniques; principles and practices of supervision;
standard English usage and grammar.
Ability to: gather and analyze data, determine relevant trends,
develop potential root causes, project consequences, and evaluate
results; read, understand, and interpret actuarial reports and loss
triangles; read, interpret, analyze, and apply relevant laws and
regulations; plan, organize, and prioritize work; establish and
maintain working relationships with a variety of County staff and
vendors; prepare a variety of written documents; make presentations
to groups; maintain impartiality and objectivity; learn principles
of self-insurance, governmental accounting and County accounting
policies and procedures; provide direction to others; exercise
independent judgment; gain cooperation and consensus through
discussion and persuasion; influence others to work together toward
common goals; establish and maintain working relationships with
County departments and Board of Supervisors, other government
agencies and boards, vendors, and providers of professional
services; represent the department with tact and diplomacy.
Desirable Qualifications: Prior experience and participation in
financial and/or procedural audits is highly desirable.