The Voices of Risk Management Risk Financing in the Public and Private Sector with Randy Jouben
Randy Jouben is the Chief of Risk Management in Fairfax County, one of the largest counties in the United States. He shares the lessons he has learned from his varied experiences from non-profit and for-profit to the public sector. He underscores the importance of embracing technology and training employees in AI engagement in order to manage risks instead of being blind to them, shares the benefits of his CPCU designation, and highlights the importance of continued learning at every stage of a successful career.
Key Takeaways:
● Randy's work with Fairfax County from criminal and fire to helping the homeless.
● Randy's literal fall into an insurance career.
● Lessons learned from the non-profit sector.
● Five Guys from the kitchen to the EBITDA bottom line.
● The value of partnering together during the bad years.
● Insights into insurance in municipalities.
● Risk financing in the public sector.
● Legal system abuse and the need to reform.
● Ensuring proper education about utilizing AI.
● Randy's flexible advice to his early career self.
Mentioned in This Episode:
Tweetables:
"When you realize how much you can help an organization help their mission, it's more fulfilling than a paycheck."
"If you can partner together in the bad times, it makes the good times so much better for everyone else."
"In municipalities, your neighbor is your boss in one sense or another."
"Just because you've had your job in the industry for 30 years, doesn't mean you stop learning."
"You need to embrace technology and help employees learn it and engage with it so you can manage the risk instead of being blind to the risk. You don't work in risk management and not take risks."