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Risk Fiscal Administrator

Salary: N/A

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 negotiates contracts.
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.

EMPLOYMENT STANDARDS:

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; or,
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.
 



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