Amended - Senior Risk Management Analyst

Play a key role with the Ministry of Public and Business Service Delivery, in this opportunity in the Risk Management and Insurance Services Branch. You will bring your commercial insurance knowledge and Risk Management advisory skills and expertise to provide professional insurance procurement and Risk Management advice and support to OPS ministries and agencies.
Effective April 1, 2024 the salary range for this position is $76,231.00 to $109,842.00 per year in compliance with AMAPCEO collective agreement provisions. The new rates, effective retroactive to April 1, 2024, were recently confirmed and dates for implementation of the new salary rates are still to be determined.

OPS Commitment to Diversity, Inclusion, Accessibility, and Anti-Racism:

We are committed to build a workforce that reflects the communities we serve and to promote a diverse, anti-racist, inclusive, accessible, merit-based, respectful and equitable workplace.
We invite all interested individuals to apply and encourage applications from people with disabilities, Indigenous, Black, and racialized individuals, as well as people from a diversity of ethnic and cultural origins, sexual orientations, gender identities and expressions.
Visit the OPS Anti-Racism Policy and the OPS Diversity and Inclusion Blueprint pages to learn more about the OPS commitment to advance racial equity, accessibility, diversity, and inclusion in the public service.
We offer employment accommodation across the recruitment process and all aspects of employment consistent with the requirements of Ontario's Human Rights Code. Refer to the "How to apply" section if you require a disability-related accommodation.

What can I expect to do in this role?

You will:
• Lead effective management of OPS insurance portfolio
• Develop specifications for insurance coverage and work with the OPSs vendors to place coverage on most advantageous terms
• Review indemnification and insurance clauses, advise and recommend risk mitigation and risk transfer methods and strategies
• Assist in the development and implementation of projects related to insurance acquisition
• Recommend the coverage lines and dollar limits for insurance to be included in vendor agreements
• Analyze data for claims handled by insurers including loss ratio analysis
• Provide Risk Management advice on new policies, programs and legislation

How do I qualify?

Technical Knowledge and Skills:

• You have knowledge of the Canadian Property and Casualty Insurance market to develop specifications for insurance coverage requirements
• You have knowledge of principles and practices of insurance contracts including rating procedures, loss prevention strategies, marketing of risk, preparation of insurance applications and claims summary analysis
• You have knowledge of government legislation and directives such as the Insurance Act, Compulsory Automobile Insurance Act, Proceedings against the Crown Act and the Public Transportation and Highway Improvement Act

Risk Management and Financial Skills:

• You have knowledge of Risk Management principles and practices to advise client ministries on management of risks in the development of their procurement projects, transfer payment agreements and program development initiatives
• You have knowledge of financial, legal and technical aspects of business and the insurance industry on managing insurance costs and exposure to uninsured claims and liabilities
• You can develop Risk Management advice including options and solutions

Communication and Analytical Skills:

• You have communication skills to prepare reports and presentations to stakeholders and liaise with insurance brokers, insurers and legal counsel
• You have advisory and facilitation skills to work with stakeholders on Risk Management and insurance coverage
• You have negotiation skills to negotiate insurance terms with brokers
• You have presentation skills

Analytical and Problem Solving Skills:

• You can identify and prioritize work that need to be managed concurrently and ensure deadlines are met
• You can analyze cost values of the various insurance programs based on available loss and underwriting data and provide reports

Computer Skills:

• You have proficiency in computer programs to maintain policy databases and prepare reports and presentations, perform data analysis and carry out written communication