Risk Manager
Bridgemead Consulting
Quality Control & Assurance
Job Summary
We are looking to recruit a Risk Manager who will be responsible for identifying, assessing, and mitigating risks associated with healthcare insurance operations within the company. This role involves product development, analyzing potential risks, developing strategies to minimize exposure, and implementing risk management programs to safeguard the organization's product and financial stability. The Risk Manager collaborates with cross-functional teams to establish risk management policies, procedures, and controls in compliance with regulatory requirements and industry standards. Experience in an insurance company is desirable.
- Minimum Qualification : Degree
- Experience Level : Senior level
- Experience Length : 7 years
Job Description/Requirements
Responsibilities:
- Identify and assess risks inherent in healthcare insurance operations, including underwriting, claims processing, provider contracting, and regulatory compliance.
- Conduct risk assessments, scenario analyses, and trend analyses to evaluate the likelihood and potential impact of identified risks on the organization.
- Develop and implement risk mitigation strategies and control measures to minimize exposure to identified risks, including insurance coverage, contractual risk transfer, and risk avoidance strategies.
- Analyze claims data and loss trends to identify patterns, root causes and provider relations teams to implement loss control measures, improve claims handling processes, and minimize claims leakage and fraud.
- Review insurance policies, contracts, and agreements to identify and evaluate potential risks, liabilities, and exposures.
- Provide risk analysis and recommendations to underwriting and contracting teams regarding risk transfer mechanisms, indemnification clauses, and insurance coverage adequacy.
- Develop and implement incident response plans and crisis management protocols to effectively respond to emergencies, disasters, or adverse events impacting the organization.
- Coordinate with internal stakeholders, external partners, and regulatory agencies to manage crises, mitigate reputational risks, and minimize business disruptions.
- Prepare risk management reports, dashboards, and presentations for executive management, board of directors, and regulatory authorities, summarizing key risks, trends, and mitigation efforts.
- Facilitate communication and collaboration between risk management, compliance, internal audit, and other relevant departments to ensure alignment of risk management initiatives with organizational goals and objectives.
Requirements:
- Bachelor's degree in risk management, insurance, business administration, or related field.
- Master’s degree is a plus.
- A minimum of 7 years of relevant experience in risk management, insurance underwriting, claims management, or related fields, preferably in the healthcare insurance industry.
- Strong understanding of the Nigerian healthcare insurance market and regulatory environment.
- Excellent skills in MS Office applications and other relevant data software.
- Strong analytical skills and proficiency in risk assessment methodologies, statistical analysis, and data modelling techniques.
- Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced environment.
Core Skills & Functional Competencies
- Excellent interpersonal and communication skills.
- Proactiveness and strategic thinking.
- Ability to work independently, and prioritize tasks.
- Ability to collaborate effectively with cross-functional teams.
General Conditions
- Remuneration:
- HMO
- Pension
- Performance Bonus
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