Vice President, OMA Insurance

Company Profile

The OMA advocates for and supports doctors, seeking to strengthen their leadership role in caring for their patients. We continually seek to be the trusted voice in transforming Ontario’s Health Care system by courageously pursuing best practices, new ideas, solutions and opportunities to improve our value to all our members. Solid reputation, passionate people and endless opportunities. That's The OMA. You will find the OMA a workplace where you will have the opportunity to make a difference.

The Vice President, OMAI is responsible for creating meaningful, measurable value to OMA’s members and the members of the Atlantic Medical Associations.

Our Offer

• Fantastic opportunity to grow with the team and shape the strategic direction of the company
• Paid professional development
• Friendly and dynamic work environment
• Competitive salary and group benefits package

Primary Job Duties and Responsibilities

·Collaborate with the CEO and Board of the OMA to create and influence Insurance Product and business strategies and investments that support market leadership in group insurance and return on investment.

·Translate broad strategies into executable business plans and collaborate with our Underwriting partners on Product offerings in terms of pricing, product development, growth and profitability.

·Develop and implement monitoring standards to assess product results such as profitability analysis, quarterly loss trends, payout and claims management strategies etc., and recommend corrective actions.

·Represent the company's position with our valued underwriting partners on all product line issues at the provincial level on regulatory issues.

·Establishes strategies and long-term plan for approval by the Board Insurance Committee (BIC). Ensures budget and resource allocations support these plans.

·Report to BIC and ensure they have appropriate information for the measurement and evaluation of results and to assist in updating strategies and direction as required.

·Works with insurers, vendors and business partners to maintain and grow relationships, and maximize the OMA’s value to its Insurance clients.

·Assesses and reviews the success of these relationships and develop new relationships as needed.

·Fully participate as a member of senior management team, including participation in various committees (Risk Management, Employee Engagement, etc.) as appropriate.

Leadership Skills

• Ability to lead a team that delivers results and influence cross-functionally.
• Communicates results and priorities
• Ability to attract, grow and nurture top talent to achieve personal and business success.
• Coaching and talent development skills - including ability to mentor and motivate others
• Holds others accountable.
• Advanced ability to maximize individual and organizational performance
• Resource and capacity management skills.
• Expert breadth and depth of critical thinking and business experience to include strategic planning and product positioning
• Expert problem solving and analytical skills
• Must be able to act as a segment lead of the organization

Technical Skills

• Expert written and oral communication, presentation skills.
• Proficient at analysis of rate plans, competitive positions, and underwriting / marketing programs and claims exposures to assess impact on business and underwriting results.
• Ability to articulate financial results, including health of the business, strategy and business plan tracking
• Relationship-builder; fosters trust and credibility at all levels; develops effective working relationships with internal and external contacts (broker, legal professionals, government/regulatory, media representatives); ability to interact effectively with external contacts in local, provincial political and regulatory arenas with a product and pricing focus.
• In-depth knowledge of regulatory and legislative processes in Ontario and the Maritimes

Licensing, Certificates and Relevant Experience

• Minimum of bachelor’s degree – MBA an asset
• Chartered Insurance Professional (CIP) or Fellow Chartered Insurance Professional (FCIP) designation
• Canadian Risk Management Designation (CRM) would be an asset
• Experience in managing and overseeing full line of insurance operations

Interested candidates should forward their cover letter and resume to the Human Resources Department at hr@oma.org quoting “Vice President, OMAI” in the subject line.

Ontario Medical Association is an equal opportunity employer.  We will accommodate your needs under the Ontario Human Rights Code.