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UC OFFICE OF THE PRESIDENT
At the University of California (UC), your contributions make a difference. A world leader producing Nobel and Pulitzer prize recipients with over 150 years of groundbreaking research transforming the world. Choose a career where you can leverage your knowledge, skills and aspirations to inspire and support some of the greatest minds in the world, and those who will follow in their footsteps. Working at the University of California is being part of a unique institution, and a vibrant and diverse community. At the University of California, Office of the President, we propel our mission through impactful work locally, in government centers and systemwide. We are passionate people, serving the greater good.
The University of California, one of the largest and most acclaimed institutions of higher learning in the world, is dedicated to excellence in teaching, research and public service. The University of California Office of the President is the headquarters to the 10 campuses, five medical centers and three national laboratories and enrolls premier students from California, the nation and the world. Learn more about the UC Office of the President
The Office of Risk Services is responsible for developing and implementing Enterprise Risk Management systemwide, identifying and developing strategies to minimize the impact of risk, developing a center of excellence for managing risk, reducing costs and improving safety by executing new ideas and strategic plans in a rapid manner. By strategically managing risk we can reduce the chances of loss, create greater financial stability and protect our resources in support of UC's mission.
This position reports to the Executive Director of Captive programs with dotted line responsibility to the Deputy Chief Risk Officer. They oversee and manage a highly specialized external accounting unit for the University's wholly-owned captive, Fiat Lux Insurance Company. This is the University's Captive Insurance Company Platform, (Captive Platform) that consists of five licensed and regulated captive insurance companies. Must have strong verbal and written communication skills. Responsible for establishing operational objectives and work plans and delegates assignments to multiple and various captive units. The captive board reviewed objectives consist of the UC President, CFO, COO, General Counsel, and other senior management to determine Captive operations' success. Responsible for managing, preparing, administering, and directing the control of the budget/organizational resources for the Captive Platform. Reviews and approves recommendations for financial planning and control. Monitors adherence to approved captive budgets. Develops, modifies, and executes policies that affect immediate operation(s) and may also have an organization-wide effect. Works closely with the Risk Services Director of Operations and Finance on systemwide budgeting related to program expenses for the various self-insured insurance programs Risk Services oversees. Erroneous decisions or failure to achieve goals results in additional costs and personnel and severe delays in overall schedules.
Day to Day Financial Operation Oversight Responsible for maintaining integrity of all captive related budgets and systems through supervision and oversight of multiple captives and related groups; functions as chief budget liaison for budget allocations, oversees analysis and financial policy development for all related captive business, organization-wide funding issues and budget processes, resource allocations and funding models. Regularly interfaces with numerous internal and external parties including various finance departments and functions including Financial Planning and Accounting, tax department, audit department, actuaries, treasury department, captive insurance managers, commercial insurance brokers and the University's third-party claims administrator.
Financial Reporting Assures accurate and timely financial reporting. Prepares financial presentations to management and various governance committees. Regularly presents financial results at Captive Board and committee meetings. Develops and presents ad hoc reporting to Captive and Risk Services senior management. Oversee annual actuarial studies, audits, and tax engagements and ensure accurate and timely financial reporting, including reporting results and recommendations to internal/external stakeholders. Responsible for delivering the UC self-insured liabilities footnote to the UC Controllers Office
Budgets Responsible for directing, preparing, administering, and the control of the budget/organizational resources for the University's Captive Platform. Makes recommendations for financial planning and control. Responsible for maintaining integrity of all captive related budgets and systems through supervision and oversight of multiple captives and related groups Risk Services Funding-(PBS and Funding) i. Functions as chief budget liaison for budget allocations, oversees analysis and financial policy development for all related captive business, organization-wide funding issues and budget processes, resource allocations and funding models. ii. Member of the Budget Community of Practice, Office of the President
Minimum years (10) years directly related experience in two or more of the following areas: treasury, risk financing, commercial insurance and actuarial services and corporate risk analysis required. Demonstrated ability to understand and navigate complex insurance regulations.
Highly developed knowledge of finance theories such as present values theory/cash flow analysis and accounting principles. Has advanced knowledge of financial policies, practices and systems.
Position requires inter-personal skills and ability to work effectively across the organization at all levels including the to the Captive board.
Requires the ability to change the thinking of, or gain acceptance of, others in sensitive situations.
Requires knowledge of financial policies, practices and systems, budgeting and reporting techniques; human resource planning; accounting and bookkeeping.
Client services oriented, has good listening, critical thinking and analytical skills.
Must have strong verbal and written communication skills.
Working understanding of GASB financial reporting standards.
Working understanding with Oracle based financial systems.
Bachelor's degree in business administration, finance and accounting, economics, applied mathematics, or related field required. Advanced degree preferred.
Certified Public Accounting (CPA) certification preferred.
SALARY AND BENEFITS
Salary: $148,300 - $174,500
Benefits: For information on the comprehensive benefits package offered by the University visit: Benefits of Belonging
HOW TO APPLY
Please be prepared to attach a cover letter and resume with your application.
APPLICATION REVIEW DATE
The first review date for this job is April 1, 2021. The position will be open until filled.
Smoke Free Work Environment: The University of California, Office of the President, is smoke & tobacco-free as of January 1, 2014. UC Smoke & Tobacco Free Policy
The University of California, Office of the President, is an Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, age or protected veteran status. EEO/AA Employer UC Nondiscrimination Policy
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About University of California Office of the President
The Office of the President is the systemwide headquarters of the University of California, managing its fiscal and business operations and supporting the academic and research missions across its campuses, labs and medical centers.