Risk Manager

Full-time employment opportunity with a dynamic and multi-faceted resource for economic development in the St. Louis region.

About Us

Since 1950, we have partnered with private and public organizations on hundreds of projects that have created thousands of jobs on both sides of the Mississippi River.

BSD operates with a focus on making a positive impact on the region and the nation, better connecting the Bi-State area to the rest of the world. We are impacting neighborhoods, large and small, in Illinois and in Missouri, with investments that are shaped by our unique perspective of the region and its potential.

Why Work Here

• Join a company committed to making a positive impact in the community
• Receive a competitive salary
• Enjoy comprehensive medical, dental, and vision coverage starting on your first day
• Earn 4 weeks of paid time off (PTO) each year
• Take advantage of 10 paid holidays annually — plus a floating holiday to celebrate your birthday
• Contribute to our company-sponsored 401(k) retirement plan
• Access supplemental benefits through Unum, including off-the-job accident, critical illness, short-term disability, whole life, and hospital indemnity insurance
• Participate in our wellness program, which includes free health screenings
• Use our Employee Assistance Program (EAP) for confidential support and resources
• Bi-State Development is an eligible employer for the Public Service Loan Forgiveness (PSLF) program
• Get exclusive gym discounts at Club Fitness, The Edge Fitness Clubs, and OneLife Fitness at Ballpark Village
• Work out anytime at one of our nine onsite gyms, available 24/7
• Enjoy free MetroLink and MetroBus access
• Save with discounted cell phone plans

Let us support your well-being and professional growth while making a difference!

Pay Range: $97,130 – 129,500

The Role

Responsible for overseeing the renewal process for all insurance programs. This role ensures that contractual obligations are met, risk finance programs are appropriate, and that limits, values and self-insured retentions (SIR) are adequate. The manager also coordinates the agencies risk analysis, prevention, safety initiatives, and risk finance efforts of the Agency.

Responsibilities

• Responsible for management of in-house Claims Coordinators.
• Responsible for managing litigated and non-litigated claims, claim • Manages all claims and litigation process.
• Oversees the performance of the Third-Party Claims Administrator
• Manages all the corporate insurance and self-insurance programs, including policies, bonds, and coverage limits.
• Manages the insurance renewal process, including application completion, development of insurance specifications, underwriting information, historical claims data, agency statistics, and agency self-Insurance data.
• Maintains accurate records of all agency property and rolling stock, including values, locations, and inventories for insurance and loss purposes.
• Monitors insurance brokers and related activities.
• Manages the agency bond program, including renewals and issuance of additional bonds as required.
• Reviews contractual language to ensure appropriate risk transfer and acceptable indemnification.
• Coordinates cross-departmental risk management and loss control initiatives, including inspections, risk assessments, and implementation of preventive measures.
• Ensures compliance with Missouri and Illinois self-insurance reporting requirements.
• Assists with management of litigated and non-litigated claims, including commercial auto, general liability, workers’ compensation, marine, aviation, employment practices liability, and property claims.
• Supports the discovery process and coordinates with outside legal counsel as needed.
• Analyzes claims data for risk mitigation, trend identification, and expense tracking.
• Acts as liaison with departments such as Labor Relations, Human Resources, Safety,
• Equal Employment Opportunity, Purchasing, Engineering, and Operations on Risk Management matters.
• Oversees Owner Controlled Insurance Programs or conventional insurance programs for construction projects as needed.
• Maintains a database of insurance certificates from vendors, contractors, tenants, and other parties entering agency property of who enter into agency property or right of way.
• Prepares reports on safety, worker’s compensation, claim trends, and loss control.
• Develops request for pricing (RFP) for Risk Management services, including insurance broker, actuarial, legal, and third- party administrator services.
• Supports risk management review of procurement activities including RFP, requisitions, purchase orders, and invoice payments.

• Proficient in the Microsoft Office suite and Risk Management Information Systems; experience with Origami Risk RMIS is a plus.
  
• Strong knowledge of insurance products, underwriting processes, and risk financing strategies.
  
• Excellent oral and written communication skills, with the ability to interact effectively with agency and departmental personnel.
  
• In-depth understanding of insurance, loss control, risk transfer, self-insurance, and overall risk management concepts.
  
• Skilled in analyzing large volumes of financial and statistical data.
  
• Familiarity with construction safety, contracts, and project management.

Education

Experience

Degree: B.S./B.A. required, M.A. preferred.

Professional designations such as Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), or Certified Risk Manager (CRM) preferred.

Years: Minimum of six (6) years of related professional experience; minimum of two (2) years of leadership experience. 

Field: Business, Insurance, Safety, Risk Management or related field. CPCU or ARM. CRM or RIMS Fellow

Field: Business, Insurance, Safety, Risk Management or related field. CPCU or ARM. CRM or RIMS Fellow

Compensation Disclosure:

Bi-State Development is committed to ensuring all employees are compensated fairly. The salary range provided reflects our current expectations for this position. However, final base salary or offer may vary depending on several factors, including skills, qualifications, experience, business needs, and budgetary considerations.

Bi-State Development is an Equal Opportunity Employer.