Faculty Position(s) in Risk Management and Insurance (RMI)
Full-Time, 9-month, non-tenure track term position in the Department of Accounting and Finance in the area of Financial Planning and Risk Management & Insurance.
The Labovitz School of Business and Economics (LSBE) at the University of Minnesota Duluth (UMD) invites applications for a full-time, 9-month, non-tenure track, term faculty position in the area of Financial Planning and Risk Management & Insurance at the Instructor/Assistant Professor level beginning Fall 2023. The individual hired for this position will have responsibilities in teaching and service. The individual will teach undergraduate courses in the area of Financial Planning, Risk Management, and Insurance. Typically, classes in LSBE are held in person. The individual will also be responsible for advising undergraduate students, working with a student organization, and is expected to engage in service activities with colleagues, the department, school, campus, community and professional organizations. Though there are no research expectations associated with this position, funding is available for those interested in conducting scholarly research. We are a place-based institution and expect faculty to be present on campus and engage in person in the life of the school.
Five or more years of high level and relevant corporate work experience in the areas of insurance, risk management, and/or financial planning.
Experience teaching insurance, risk management or financial planning-related courses as the primary instructor at the undergraduate level.
Active engagement with the business community.
Demonstrated ability to fulfill service responsibilities to students, colleagues, the department, school, campus, community and professional organizations.
Demonstrated ability to use a variety of teaching methods in a classroom.
Demonstrated commitment to supporting diversity, equity, and inclusion.
Applicants must have a Master’s degree (MBA or other equivalent graduate degree, including ABD status) with a curricular emphasis in the field of Finance, Financial Planning, Risk Management or Insurance from a major accredited national or international university.
If the applicant has a Master’s degree and is not ABD or Ph.D., they must have relevant and significant work experience (3+ years) that demonstrates active involvement in the area of Financial Planning, Risk Management, and/or Insurance since the time of the Master’s degree completion.
Effective communication skills.
Applicants must have experience teaching at least one university-level course as instructor or teaching assistant. Significant experience in either training or public speaking within an organized setting can substitute for teaching experience.
Applicants must meet conditions for one of the four 2020 AACSB faculty qualifications [Scholarly Academic (SA), Practice Academic (PA), Scholarly Practitioner (SP), or Instructional Practitioner (IP)] as defined by LSBE: https://drive.google.com/file/d/1GbNhdtIcaSZdmaeTlW8DnjcnnFJ7Hlu9/view
Teaching, Research, Service
Tenure-track faculty currently have a 3-2 load (15 credits per year)
Generally, faculty are assigned to one Tu/Th semester and one M/W/F semester
Normal, expected teaching is on-site
Classrooms are equipped with the latest technology
Research Incentive Plan for publications up to $3,000 per year
Dean’s Travel Grants of up to $2,000 per year
Department support (varies ~$500 per year)
LSBE Faculty Grant Program of up to $1,000 per semester
Entrepreneurship Project Grants of up to $2,000 per year
UM Grant-in-Aid program of large research grants for junior faculty
All faculty serve on one LSBE Committee
All faculty are expected to advise students
Faculty may be assigned to be an advisor for a relevant student club
The University offers generous medical and dental benefits. They pay over 80% of the cost of coverage for employees and their families.
Retirement benefits include a mandatory 401(a) plan as well as an optional retirement plan and Section 457 deferred compensation plan.
For the mandatory plan, employees contribute 5.5% of salary and the University contributes 10%.
Faculty have access to UM system-wide grants such as the Grant-in-Aid, which gives preference to junior faculty in establishing their research programs.
The Wellness program offers incentives for employees to lead healthy lives.
Life and disability insurance plans are offered.
Visit the UM system Benefits Website for more information.
How to apply
Applications must be submitted online. To apply for this position, go to http://www1.umn.edu/ohr/employment/ and search for job opening 354438.
Applicants must upload required documents as attachments in the employment system to fully complete an application: (1) cover letter, (2) current curriculum vitae, (3) graduate transcripts (official or unofficial), (4) a statement describing what you have done to support a diverse community, and (5) teaching evaluations completed by students are encouraged when available. Incomplete applications with missing required documents (i.e. 1, 2, 3, and 4) may not be reviewed.
Applicants must be able to demonstrate authorization to work in the United States at the University of Minnesota-Duluth by the start date. Final candidates may be asked to provide additional information. LSBE does not sponsor H-1 visas for term positions. The Screening Committee will begin its review of complete applications on March 13, 2023 and will continue until the position is filled.
Rodger Brannan, Screening Committee Chair
Department of Accounting and Finance
Labovitz School of Business and Economics
360D LSBE, 1318 Kirby Drive
Duluth, MN 55812
Phone: 218-726-8566; Fax: 218-726-8510
If you need a reasonable accommodation for any part of the application and hiring process, please contact a University of Minnesota Access Consultant at 612-624-3316.
Smoking, chewing tobacco and the use of electronic cigarettes is prohibited on all UMD property, including indoor facilities, campus grounds, and University vehicles.
If you have started receiving retirement annuity payments from the Minnesota State Retirement System (MSRS) or Public Employees Retirement Association (PERA) your eligibility for this position may be impacted. Please contact UM Benefits at 1-800-756-2363 for any eligibility limitations.
We welcome and encourage individuals from underrepresented groups and US military veterans to apply.
University of Minnesota Duluth’s Equal Opportunity Statement
The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.
The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu.
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