Penn State Job Catalog

Additional levels that exist for this job profile can be seen below.

The Risk Management Specialist analyzes and evaluates University exposure to varied risks. Responsibilities include identifying and analyzing risks; advising on risk management; tracking data and evaluating trends; collaborating with internal partners, insurance brokers and insurance carriers; serving on risk management team(s); conducting outreach and training.

• Identify, analyze, monitor, and respond to financial, operational, perimeter, strategic and other University risk exposure including claims costs, liability judgments, management change or reputation loss, etc.
• Provide risk elimination, prevention, reduction, transfer, mitigation, and other risk management advice
• Collaborate with internal partners; assist with benchmarking, contract review, claims/litigation activities, safety/security risk analysis, etc.
• Serve on risk management team(s); participate in risk management and insurance program development; provide new services and program integration advice
• Monitor and track data; detect and evaluate trends to direct loss prevention and mitigation efforts
• Collaborate with insurance brokers/carriers regarding University activities, loss prevention/control, and policy implementation/renewal
• May assist with underwriting submissions and insurance proposal reviews; process insurance renewals; monitor invoicing and policy issuance
• Maintain awareness of industry standards, statutory/regulatory changes; update manuals, guidelines, policies and procedures
• Promote a culture of risk awareness; involve all University stakeholders in day-to-day risk management; conduct outreach and training
• May supervise staff members, including hiring, development, and performance management

Level:

– Principal Professional

Base Description:

– Completes activities, tasks, and/or projects of a functional nature.

Level Summary:

– Displays mastery of defined skill areas/applications, principles, theories and practices. Evaluates and enhances existing practices. Recognizes emerging trends in area of expertise. Works independently on complex or strategic assignments. Directs and delegates appropriate tasks to others. Implements strategies to ensure achievement of initiatives. Prepares written and/or verbal presentations or proposals on complex issues and deliver to broad audiences. Identifies and implements innovative solutions to important, highly complex strategic and/or operational issues.

Supervisory Responsibilities:

– Indirect supervisor for other full–time employees
– May serve as direct supervisor for part–time, student, and/or temporary workers, volunteers, or a full–time employee

Fiscal Responsibilities:

– Validates and pays invoices
– Monitors and tracks budgets and funding
– May plan and forecast budgets

Problem Solving:

– Encounters complex and novel problems
– Applies policies, practices, specialized knowledge, and skills to resolve problems
– Understands benefits, limitations, and impact of potential solutions
– Anticipates potential problems and recommends possible solutions within general guidelines

Independence of Action:

– Works independently on complex or strategic assignments
– Uses existing practices as guidelines as well as working knowledge to determine specific work methods
– Carries out work activities independently, with supervisor available to resolve problems
– Reviews work of others to verify technical soundness

Communication and Collaboration:

– Communicates with both internal and external audiences
– Collaborates closely with team members and area leads across the University
– Prepares written and/or verbal presentations or proposals on complex issues and delivers to a broad variety of audiences
– Establishes and maintains networks to facilitate successful communication among units

• Comp Grade – 15
• Minimum – $109,300.00
• MidPoint – $136,600.00
• Maximum – $164,000.00