University of Minnesota · 13 hours ago
Risk Management Specialist
Minneapolis, MN
Full-time
Hybrid
Entry, Mid Level
$63K/yr - $75K/yr
2+ years expThe University of Minnesota is seeking a Risk Management Specialist to join their Risk Management team. The role involves coordinating insurance renewals, managing financial transactions related to insurance, and providing administrative support to ensure compliance and minimize risk exposure.
EducationHigher EducationUniversities
Hiring Manager
Gao Thao
Responsibilities
Lead the preparation and coordination of insurance renewal information, including applications and underwriting exposure data, for the University’s commercial insurance programs (Property, General, Professional and Auto Liability, Crime, Media, Marine, etc.)
Serve as the central point of contact among University departments, the insurance broker, and the captive manager
Analyze and review University contracts and agreements to ensure compliance with insurance standards, proactively consulting with departments to minimize risk exposure
Maintain the University’s insurance policy list
Initiate and process critical financial transactions, including vendor payments, purchase orders, and professional service contracts, in coordination with the University’s Financial Operations Team
Calculate, coordinate, and process the annual insurance cost allocation and premium chargebacks to departments across the University of Minnesota
Monitor and reconcile Risk Management’s central University budget account(s)
Track and generate reports for the $2.7 million annual property claims budget
Reconcile vendor accounting records and transactions with insurance brokers, insurers, actuaries, and Third-Party Claim Administrators
Manage the departmental email account, serving as the front-line point of contact to triage inquiries and refer complex matters to appropriate subject matter experts
Facilitate the issuance of certificates of insurance by the broker
Review and process internal and external Alcohol Use Applications in compliance with University policies
Serve as backup to the Claims Specialist, responding to inquiries related to claim filing, claim status, payroll information requests, and invoice payments
Establish, maintain, and archive departmental files and key documents in accordance with University records retention guidelines
Assist with Google Calendar management and meeting scheduling
Perform other duties as assigned
Qualification
Required
Bachelor's degree plus at least two years of professional work experience, or a combination of related education and work experience totaling six years
Self-motivated, assertive, and highly detail-oriented professional who takes initiative to move projects forward
Demonstrated experience in data analytics with the ability to process complex data sets and manage server-based data entry
Strong organizational, communication, and interpersonal skills
Ability to independently diagnose complex problems and implement effective solutions
Proficiency in standard office software, including Word, Excel, Gmail, Google Calendar, and related tools
Preferred
Direct experience working in insurance or risk management, including property, liability, auto, and workers' compensation insurance
Strong knowledge of University policies, procedures, operations, and internal resources
Benefits
Competitive wages, paid holidays, and generous paid time off
Professional development and degree-seeking opportunities supported by the Regents Tuition Benefit Program
Low-cost medical, dental, and pharmacy plans
Healthcare and dependent care flexible spending accounts
University HSA contributions
Disability and employer-paid life insurance
Employee wellbeing program
Excellent retirement plans with employer contributions
Public Service Loan Forgiveness (PSLF) eligibility
Financial counseling services
Employee Assistance Program (up to eight counseling sessions at no cost)
Employee Transit Pass with free or reduced rates in the Twin Cities metro area
Company
University of Minnesota
University of Minnesota is an educational institution that offers master's and doctoral degrees in medicine, law, and engineering fields.
10001+ employees
H1B Sponsorship
University of Minnesota has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (227)
2024 (245)
2023 (295)
2022 (215)
2021 (201)
2020 (185)
Funding
Current Stage
Late StageTotal Funding
$97.08MKey Investors
American Academy of Orthopaedic SurgeonsNational Science FoundationU.S. Environmental Protection Agency
2023-12-01Grant· $0.03M
2023-05-04Grant· $20M
2023-04-13Grant· $10M
Leadership Team
Shane Stennes
Chief Sustainability Officer
Recent News
2025-12-17
2025-12-10
2025-12-01
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