**41446BR** **Extended Job Title:** Director of Risk Management **Position Description:** The Director of Risk Management is responsible for the strategic oversight and management of the university system’s risk financing and insurance portfolio. This role focuses on optimizing risk transfer mechanisms, evaluating and implementing self-funding strategies, and ensuring comprehensive coverage for institutional exposures. The Director of Risk Management collaborates with internal stakeholders and external partners to develop innovative, cost-effective solutions that align with the university’s risk tolerance and long-term financial goals. **Requisition ID:** 41446BR **Travel Required:** Up to 25% **Major/Essential Functions:** 1. **Strategic Risk Financing** - Develop and implement long-term strategies for risk financing, including traditional insurance and alternative risk transfer mechanisms. 2. **Insurance Portfolio Management** - Oversee the procurement, renewal, and administration of all insurance policies. 3. **Self-Funding Program Development** – Identify areas that might benefit from self-funding and provide direction and management of those initiatives. 4. **Risk Assessment & Mitigation** - Collaborate with departments to identify insurable and business risks and recommend appropriate solutions. 5. **Regulatory Adherence & Reporting** - Ensure compliance with federal, state, and local insurance regulations. 6. **Claims Oversight** - Manage the claims administration function for all insured and uninsured claims. 7. **Stakeholder Engagement & Education** - Lead the cultivation and relationship management with TTUS, component institutions, vendors, brokers, state and federal organizations on risk management exposure issues. 8. **Administrative Oversight** -Serve as Deputy Risk Officer in support of or in the absence of the AVC, Risk and Compliance Officer. **Grant Funded?:** No **Pay Basis:** Monthly **Work Location:** Lubbock **Preferred Qualifications:** Advanced degree with 10 or more years of experience. Superior candidates will possess one or more of the following designations or degrees: Chartered Property Casualty Underwriter, Certified Insurance Counselor, Masters in Risk Management, Associate in Risk Management, Certified Risk Manager, or other related degree or designation. **Department:** Risk Management **Required Attachments:** Cover Letter, Resume / CV **Job Type:** Full Time **Job Group:** First line Managers **Shift:** Day **Required Qualifications:** Bachelor's degree in related area required plus five years progressively responsible management experience. Additional education may substitute for experience on a year for year basis. **Does this position work in a research laboratory?:** No **About the Department and/or College:** Developing people, advancing tomorrow. Focused on advancing higher education, health care, research and outreach, the Texas Tech University System is taking a leading role in meeting the global challenges of today and the future. About Texas Tech University System (https://www.texastech.edu/about.php) TTUS Office of Risk Management **Safety Information:** Adherence to robust safety practices and compliance with all applicable health and safety regulations are responsibilities of all TTU employees. **Pay Statement:** Compensation is commensurate upon the qualifications of the individual selected and budgetary guidelines of the hiring department, as well as the institutional pay plan. For additional information, please reference the institutional pay plan by visiting www.depts.ttu.edu/hr/payplan. **EEO Statement:** All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetic information or status as a protected veteran. **About the University:** Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University , Texas Tech University Health Sciences Center , Angelo State University , Texas Tech University Health Sciences Center El Paso and Midwestern State University . Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 63,000 students, more than 400,000 alumni, a statewide economic impact of $16.4 billion and an endowment valued at $1.7 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 24 academic locations in 20 cities (18 in Texas, 2 international). In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education, among other academic areas.