Insurance Loss Prevention Specialist
Treasury Insurance Professional Manager I
|Department||Treasury Insurance Management|
|Date Opened||3/21/2023 1:20:00 PM|
|Filing Deadline||5/30/2023 12:19:00 PM|
|Salary||$82,399.00 - $127,637.00/year|
|HR Analyst||Michele Reid|
LOCATION OF POSITION
Main Purpose of Job
Oh, the places you’ll go!
The Insurance Division of the State Treasurer’s Office is responsible for administering the State’s insurance program, which is comprised of both commercial and self-insurance. All claims under the jurisdiction of this program are required by law to be filed with the State Treasurer. Commercial insurance policies are procured to cover catastrophic property and liability losses, and obligations derived from state contracts, statutes, and regulations. Among exposures covered by commercial policies are state maintained toll bridges and tunnels, Baltimore Washington International Thurgood Marshall Airport (BWI), Port of Baltimore, Maryland Transit Administration liability, assorted professional liability exposures, and student athlete accident insurance. Additionally, the state self-insures a significant portion of its exposures and maintains the State Insurance Trust Fund (SITF) to pay claims and the costs associated with handling those claims. Self-insurance coverage includes state-owned real and personal property, vehicles, and liability claims covered under the Maryland Tort Claims Act.
Out there things can happen, and frequently do!
The goal of the Loss Prevention Specialist is to help State agencies develop action plans and safety practices in order to mitigate or eliminate the most frequent or severe sources of preventable loss. This position is accountable for developing, implementing, and monitoring a comprehensive loss prevention program for all State agencies within the purview of the State Treasurer’s Office, to include development of Standard Operating Procedures (SOPs), best practices, training, and resource materials for State agency reference and use. The loss prevention program should incorporate report and data that will quantify and analyze incurred loss costs and trends for claims presented under the State Insurance Trust Fund and commercial insurance policies.
In order to keep the loss prevention program effective, the incumbent is expected to meet with State agencies and universities regularly to attend agency safety meetings, review agency loss trends and severity patterns, assist with identifying agency specific risk management needs, and to provide resources and subject-matter guidance for agency-directed action plans to mitigate or eliminate high dollar sources of loss; organize pre-inspection meetings with specific agencies prior to official inspections by insurance property carriers; and participate in large and serious loss investigations and propose action plans to eliminate or mitigate future occurrences.
This position provides valuable subject matter feedback and recommendations which can lead to measurable impact the State’s culture of safety and responsible spending. Analysis of ongoing data and conscientious review of the results of the loss prevention program and agency risk management action plans guide the direction of the program’s goals and plans, and structure the success of the loss prevention program through recommendations to the Sr. Underwriting Manager and Director of Insurance regarding future loss control strategies.
And will you succeed? Yes, you will, indeed!
DESIRED OR PREFERRED QUALIFICATIONS
Ideal candidates for the Loss Prevention Specialist role should have the following:
· Bachelor’s degree from an accredited college or university.
· Experience working for a Commercial or Property & Casualty Insurance carrier
· Experience and technical knowledge of loss control, risk management, underwriting, and claims adjusting concepts
· Direct experience with facilities and maintenance safety programs and/or company risk management programs, especially for another State agency
· Experience auditing or administering a loss prevention program and providing quality assurance for best practices
· Strong presentation and communication skills
· Skill in dynamic and persuasive client interaction, and in working in a team to develop solutions to complex risk control problems
· Insurance industry designations or related course work
LIMITATIONS ON SELECTION
LICENSES, REGISTRATIONS AND CERTIFICATIONS
The assessment may consist of a rating of your education, training, and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.
BARGAINING UNIT STATUS
WHY WORK FOR THE STATE OF MARYLAND?
- Job stability and pinnacle experience (we are a Constitutional Office)
- Work-life balance
- Ability to make your mark through public service
- Predictable hours and hybrid teleworking schedules
- Paid holidays 12-13 per year
- Generous paid leave package (annual, sick, personal and compensatory leave)
- State Pension ("defined benefit" plan)
- Tax-deferred supplemental retirement savings plans (401(k) and 457)
- Free parking
- Comprehensive, subsidized health, dental and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services
- Flexible Spending Account plans for Health Care and Daycare
- State Employees Credit Union
- Direct Deposit
All job opportunities within the Maryland State Treasurer’s Office are accessible through JobAps, the Statewide Recruitment, Examination and Applicant tracking system. Please upload a current copy of your resume with your application.
Electronic application is strongly preferred; however, if you do not have access to a computer, you may send a copy of your resume to the State Treasurer's Office, Human Resources, 80 Calvert Street, Room 109, Annapolis MD 21401, or fax to 410-260-4090.
All candidates will be subject to a background investigation at the time of interview, to include criminal, civil, and credit history.
Any questions regarding this recruitment or the recruitment process may be directed to the STO Personnel Office at 410-260-7078.
As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.
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