Insurance & Risk Specialist
Reference Number: AH2323
Location: Gillette, Wyoming, United States
MR Lowcountry, LLC. Nebo, NC 28761 Telephone: 843-628-5021 tom@mrlowcountry.com Job Title: Insurance & Risk Specialist Reports to: VP of Finance Position: FT Facility: Administration Building Location: Gillette, WY area Job Summary: The Insurance and Risk Specialist is responsible for managing the corporate insurance policies and risk mitigation strategies for both a medical clinic and a contracting company. This role ensures compliance with industry regulations, evaluates potential risks, and secures appropriate insurance coverage to safeguard company assets, employees, and operations. Supervisory Responsibilities: N/A Duties/ Responsibilities: Assess, procure, and maintain appropriate insurance policies, including general liability, professional liability (malpractice), workers' compensation, property, and vehicle insurance. Liaise with insurance brokers, carriers, and internal stakeholders to ensure adequate coverage. Review and analyze policy terms, endorsements, and exclusions to mitigate financial risk. Manage insurance claims, working closely with insurers and legal teams to ensure timely resolution. Monitor policy renewals, ensuring continuous coverage with optimal premium rates. Conduct regular risk assessments for both the medical clinic (patient care, malpractice, HIPAA compliance) and contracting company (construction safety, site liabilities, worker injuries). Develop and implement risk management strategies to minimize financial losses and operational disruptions. Maintain a risk register, tracking incidents, claims, and mitigation efforts. Ensure workplace safety policies and procedures comply with industry regulations and best practices. Ensure compliance with local, state, and federal regulations related to insurance and risk management. For the medical clinic, ensure malpractice coverage aligns with healthcare regulations, including HIPAA and OSHA compliance. For the contracting company, manage workers' compensation coverage, safety protocols, and contractor liability requirements. Stay updated on changes in insurance laws and industry standards that impact business operations. Oversee insurance claims processes, including documentation, investigation, and settlement negotiations. Work with legal counsel and insurance providers to handle disputes, liability claims, and settlements efficiently. Maintain accurate records of incidents, claims, and resolutions for reporting and risk analysis. Review contracts with vendors, subcontractors, and partners to ensure proper risk allocation and insurance requirements. Verify that subcontractors and third parties carry appropriate insurance coverage. Develop and maintain indemnification clauses to protect company interests. Analyze insurance costs and identify cost-saving opportunities while maintaining adequate coverage. Prepare reports for management outlining risk exposure, insurance claims, and cost-benefit analysis. Assist in budgeting and forecasting insurance-related expenses. All other duties as assigned. Education/Certifications/Licenses Education: Bachelor's degree in Risk Management, Finance, Business Administration, or a related field. Certifications Associate in Risk Management (ARM) Certified Insurance Counselor (CIC) Certified Risk Manager (CRM) are preferred Experience Minimum 3-5 years in corporate insurance, risk management, or a related field, preferably in healthcare or construction industries. Required Skills/Abilities Strong understanding of corporate insurance policies and claims handling. Knowledge of regulatory compliance in both medical and contracting industries. Ability to analyze and mitigate risks effectively. Excellent negotiation and communication skills. Proficiency in risk management software, Microsoft Office, and Google Suites Ability to handle frequent change. Excellent organizational skills Ability to manage multiple tasks, such as handling claims, renewing policies, and conducting risk assessments simultaneously. Requires staying up-to-date with changing insurance laws, healthcare regulations, and construction safety policies Engaging with insurers, legal teams, executives, and employees requires strong interpersonal skills and the ability to convey technical information clearly. Physical, Mental Demands/Working Environment Primarily a desk-based role, requiring prolonged periods of sitting and computer use. Occasional site visits to medical clinics and construction sites, which may require standing, walking, and navigating different terrains. May need to lift and carry files, documents, or a laptop (typically under 10 lbs). Ability to travel between office locations, insurance providers, and client sites as needed. Potential exposure to construction site hazards (dust, noise, uneven ground) and medical environments (clinical settings, patient areas). Ability to handle stressful situations. Other Duties Please note this job description does not fully describe or provide a comprehensive list of all duties and responsibilities of the position. Duties and responsibilities, including essential functions, may vary amongst locations and/or individuals holding this job position, and may be added or changed without notice. All qualified applicants will receive consideration for employment and will not be discriminated against based on race, color, religion, sex, sexual orientation, national origin, age, disability, or protected veteran status. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. We are an Equal Opportunity Employer M/F/Vets/Disability.
