Every day, more than 40,000 Hartford HealthCare colleagues come to work with one thing in common: Pride in what we do, knowing every moment matters here. We invite you to become part of Connecticut’s most comprehensive healthcare network. 

Hartford HealthCare’s unified culture enhances access, affordability, equity and excellence. Its care-delivery system- with more than 500 locations serving 185 towns and cities- includes two tertiary-level teaching hospitals, an acute-care community teaching hospital, an acute-care hospital and trauma center, three community hospitals, a behavioral health network, a multispecialty physician group, a clinical care organization, a regional home care system, an array of senior care services, a mobile neighborhood health program and a comprehensive physical therapy and rehabilitation network. On average, Hartford HealthCare touches more than 27,000 lives every single day. The unique, system-wide Institute Model offers a unified high standard of care in crucial specialties at hospital and ambulatory sites across Connecticut offering unparalleled expertise at the most affordable cost. The institutes include: Ayer Neuroscience, Behavioral Health, Cancer, Digestive Health, Heart and Vascular, Orthopedics and Tallwood Urology & Kidney.

Position Summary:

The Senior Director of Insurance & Risk Financing will establish a disciplined and sustainable strategy for evaluating, monitoring, controlling and holistically financing risks to protect the system’s balance sheet from unexpected volatility and maintain risk levels within the corporation’s tolerance for risk.  The Senior Director will identify and leverage opportunities across traditional and alternative risk financing mechanisms, including managing the business operations of Hartford HealthCare Indemnity Services, Ltd. (HHCISL), to mitigate uncertainty and achieve an optimal balance between risk retention and risk transfer. 

Key Accountabilities:

• Lead and oversee the placement of all commercial Property, Casualty and Management Liability insurance coverage of Hartford Healthcare (HHC) and its employees.  Direct brokers to develop strategies that optimize renewal outcomes with a proper balance between risk retention and commercial risk transfer and leverage HHC’s captive and other risk retention strategies that effectively manage financial risk within HHC’s tolerance for risk
• Lead all functions and strategic operation of Hartford Healthcare Indemnity Services Ltd. (HHCISL), HHC’s Bermuda insurance company including managing the company’s budget and P&L and evaluating and deploying strategies that optimize HHCISL’s use and value to Hartford Healthcare
• Monitor risk trends through data analytics and other risk management information resources to identify sources of adverse risk trends and lead systemwide initiatives that will serve to reduce, eliminate or control such risks
• Ensure that all covered claims are recorded and reported in a timely manner to ensure commercial and captive insurance responds as intended.  Coordinate with Legal/Claim in the management of major insurance losses across the system including establishing and maintaining case reserves on retained losses consistent with HHC’s reserving policy
• Manage a large and growing independent physician insurance program for affiliated physician practice underwritten by HHCISL.  Develop and execute strategies to solicit/expand participation in the Program as an alternative to competing commercial insurance markets
• Serve as the insurance and risk subject matter expert for business operations on contracts terms with vendors, consultants, medical providers, leases and other similar contracts
• Manage the department budget which includes premium and claim projections

Qualifications:

• Master’s degree is required. In lieu of a Master’s degree a Bachelor’s degree along with CPCU, ARM, RPLU or other comparable insurance-related experience and/or professional designations will be considered
• Fifteen plus years in commercial insurance, risk management or insurance broker
• Five plus years of progressive leadership experience
• Strong leadership with a proven ability to collaboratively build consensus and lead cross-functional teams to achieve results
• Exceptional communication skills and ability to effectively present at the highest levels of the organization 
• Strong analytical and project management skills
• Ability to distill down and communicate complex analytical or financial concepts to individuals with varying levels of insurance and risk knowledge

About Hartford HealthCare Corporation

Hartford HealthCare’s unified culture enhances access, affordability, equity and excellence. Its care-delivery system- with more than 500 locations serving 185 towns and cities- includes two tertiary-level teaching hospitals, an acute-care community teaching hospital, an acute-care hospital and trauma center, three community hospitals, a behavioral health network, a multispecialty physician group, a clinical care organization, a regional home care system, an array of senior care services, a mobile neighborhood health program and a comprehensive physical therapy and rehabilitation network. On average, Hartford HealthCare touches more than 27,000 lives every single day. The unique, system-wide Institute Model offers a unified high standard of care in crucial specialties at hospital and ambulatory sites across Connecticut offering unparalleled expertise at the most affordable cost. The institutes include: Ayer Neuroscience, Behavioral Health, Cancer, Digestive Health, Heart and Vascular, Orthopedics and Tallwood Urology & Kidney.

Connections working at Hartford HealthCare Corporation