Premera Blue Cross · 6 days ago
Director Enterprise Risk Management
Mountlake Terrace, WA
Full-time
Hybrid
Senior Level, Lead/Staff
$158K/yr - $316K/yr
10+ years expPremera Blue Cross is dedicated to transforming healthcare and improving customers' lives. They are seeking a Director of Enterprise Risk Management to oversee risk management efforts, implement strategic risk monitoring systems, and manage insurance programs to reduce organizational risk.
Cyber SecurityHealth CareInformation TechnologyInsurance
Hiring Manager
Sara Sorenson , SPHR
Responsibilities
Advise and support the Chair of the Enterprise Risk Management Committee in Enterprise Risk Management (ERM) program efforts, including facilitating ERM risk assessment, identification of mitigating controls, and/or monitoring, as needed. Facilitate high-level meetings across all areas of the company to gather ERM data, build ERM assessments, and discuss ERM status and planned enhancements
Partner with business leaders to implement and apply risk management processes to help them achieve organizational and department objectives Implement a reporting methodology leveraging technology for concise risk reporting, dashboards, and metrics for each of the lifecycle stages, namely Risk Identification, Risk Assessment, Risk Reporting and Risk Monitoring
Facilitate the development, implementation, and maintenance of the policies, standards, guidelines, and procedures to support a risk management framework
Identify the methods used in measuring operational risk, including assisting management in the development of Enterprise Risk Management (ERM), key risk indicators (KRI), and best practices in monitoring and reporting operational risk
Oversee and/or deliver ERM-related regulatory reports, including the annual Own Risk and Solvency Assessment (ORSA) report, presentations for credit rating agencies, contributions to the Form F and CGAD and responses to ad hoc inquiries from regulators and/or clients
Provide leadership on all aspects of the company’s corporate insurance portfolio, including designing, implementing, and managing Premera’s insurance programs. Develop risk mitigation strategies using procured commercial and captive insurance as cost-effective risk transfer mechanisms. Develop and maintain relationships with the company’s insurance brokers and act as the primary point of contact for commercial transactions relating to insurance. Manage the procurement of the insurance coverage portfolio, including the renewal cycle strategy for all lines of coverage working with brokers. Direct the administration of insurance claims to ensure timely and accurate reporting, analysis, and resolution
Lead day-to-day operations of Premera’s captive insurance company, including strategic planning, business operations, regulatory compliance, and financial management. Includes ownership of the vendor relationship with an insurance broker providing outsourced support for various captive-related activities
Qualification
Required
Bachelor's degree (Required)
Ten years of risk management, compliance, or audit experience (Required)
Preferred
Four years of experience leading an ERM program
Four years of experience leading a corporate insurance program, including captive insurance
Medical, Financial Services, and/or insurance industry experience
Benefits
Medical, vision, and dental coverage with low employee premiums.
Voluntary benefit offerings, including pet insurance for paw parents.
Life and disability insurance.
Retirement programs, including a 401K employer match and, believe it or not, a pension plan that is vested after 3 years of service.
Wellness incentives with a wide range of mental well-being resources for you and your dependents, including counseling services, stress management programs, and mindfulness programs, just to name a few.
Generous paid time off to reenergize.
Looking for continuing education? We have tuition assistance for both undergraduate and graduate degrees.
Employee recognition program to celebrate anniversaries, team accomplishments, and more.
Commuter perks make your trip to work less impactful on the environment and your wallet.
Free convenient on-site parking.
Subsidized on-campus cafes make lunchtime connections with colleagues fun and affordable.
Participate in engaging on-site activities such as health and wellness events, coffee connects, disaster preparedness fairs and more.
Our complementary fitness & well-being center offers both in-person and virtual workouts and nutritional counseling.
Company
Premera Blue Cross
Premera is a leading health plan in the Pacific Northwest, providing comprehensive health benefits and tailored services.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Jeffrey Roe
President and Chief Executive Officer
Talha Ashraf
EVP and CFO
Recent News
2025-12-04
TechTarget
2025-10-31
Company data provided by crunchbase