Director, Insurance & Risk
POSITION DESCRIPTION
Position Title: Director, Insurance & Risk
Reports To: Vice President, Capital Markets
Direct Reports: No Functional Unit: Asset Management & Operations
FLSA Status: Exempt Position Type: Full-Time
Location: ? New York City ? Charlotte ? Denver
THE COMPANY
Onward Energy is an independent power platform that owns and operates approximately 7 GW of utility-scale wind, solar and natural gas generation projects across the U.S. Our Vision is to reliably power a sustainable future. Our Mission, as North America's premier independent power generator, is to deliver renewable and reliable power to our customers, opportunities to our associates, sustainable returns to the families who invest in us and a better world to the next generation. Based in Denver and Charlotte, Onward Energy is a company where people and power are always on. We are where renewable meets reliable. See www.onwardenergy.com for more information.
THE CHALLENGE
Responsibilities include directing procurement and placement of insurance programs including property, terrorism, commercial general liability, umbrella/excess liability, worker's compensation and auto. The Director will manage claims, manage relationships with third party service providers including brokers and insurance consultants, identify exposures, recommend solutions, implement approved programs, promote loss prevention, update and monitor compliance with insurance requirements, including various project finance and power contract insurance covenants which may require various waivers depending upon market circumstances. The Director will provide guidance and direction to senior leadership on developments and changes in the insurance markets that impact Onward's projections of insurance premium and deductible expenses.
In addition, the Director will provide insight and support of various Risk Management functions including key counterparty and vendor credit risk, as well as monitoring and quantifying various enterprise trends including risks related to fleet operations, cyber, supply chain and fraud. The Director will support organizational compliance with risk policies through regular risk exposure monitoring and reporting including documenting and reporting risk policy exceptions to the risk committee.
Oversee and manage insurance policy renewals to ensure continuous coverage and optimal terms.
Conduct thorough due diligence on potential risks and insurance needs.
Process and manage insurance claims efficiently, ensuring timely resolution.
Track and monitor risks associated with the company's operations and projects.
Ensure compliance with waiver requirements and other commercial and regulatory obligations.
Prepare and present risk management trend reports to senior management.
THE PROFILE TO SUCCEED
Degree in Business, Finance, Risk Management, or a related field, or 10+ years of experience with material responsibility for industrial insurance programs. Experience with insurance needs of power generation facilities is preferred.
Minimum of 10 years of experience in insurance and risk management, with at least 5 years in a leadership role.
Proven track record of successfully managing insurance programs and risk management initiatives.
Professional certification in risk management or insurance (e.g., ARM, CPCU) is preferred.
In-depth knowledge of the energy sector and its unique risk landscape is preferred.
Strong leadership and team management skills.
Ability to manage multiple tasks and projects simultaneously.
Strong communication and interpersonal skills.
Excellent analytical and problem-solving skills.
Ability to travel up to 25%, including international travel required for property insurance roadshows
THE TEAM
Onward Energy team is comprised of industry professionals who embrace collaboration, dedication, and hard work while also being down to earth. At Onward Energy, we seek to find solutions rather than assign blame.
THE WORK ENVIRONMENT
The position functions in a smoke and vaping free professional office environment. The role routinely utilizes standard office equipment such as laptop computers, phones, and scanners/photocopiers.
THE TOTAL REWARDS
Onward Energy total rewards philosophy is motivated by a key tenet of People First and offers associates a comprehensive total rewards package which includes market competitive compensation, health, life insurance, and retirement savings benefits.
If you require an accommodation for any part of the employment process due to a disability to [email protected].
EEO STATEMENT:
Onward Energy is an Affirmative Action Employer, Females/Minority/Veterans/Disabled/Sexual Orientation/Gender Identity.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Apply Now
Position Title: Director, Insurance & Risk
Reports To: Vice President, Capital Markets
Direct Reports: No Functional Unit: Asset Management & Operations
FLSA Status: Exempt Position Type: Full-Time
Location: ? New York City ? Charlotte ? Denver
THE COMPANY
Onward Energy is an independent power platform that owns and operates approximately 7 GW of utility-scale wind, solar and natural gas generation projects across the U.S. Our Vision is to reliably power a sustainable future. Our Mission, as North America's premier independent power generator, is to deliver renewable and reliable power to our customers, opportunities to our associates, sustainable returns to the families who invest in us and a better world to the next generation. Based in Denver and Charlotte, Onward Energy is a company where people and power are always on. We are where renewable meets reliable. See www.onwardenergy.com for more information.
THE CHALLENGE
Responsibilities include directing procurement and placement of insurance programs including property, terrorism, commercial general liability, umbrella/excess liability, worker's compensation and auto. The Director will manage claims, manage relationships with third party service providers including brokers and insurance consultants, identify exposures, recommend solutions, implement approved programs, promote loss prevention, update and monitor compliance with insurance requirements, including various project finance and power contract insurance covenants which may require various waivers depending upon market circumstances. The Director will provide guidance and direction to senior leadership on developments and changes in the insurance markets that impact Onward's projections of insurance premium and deductible expenses.
In addition, the Director will provide insight and support of various Risk Management functions including key counterparty and vendor credit risk, as well as monitoring and quantifying various enterprise trends including risks related to fleet operations, cyber, supply chain and fraud. The Director will support organizational compliance with risk policies through regular risk exposure monitoring and reporting including documenting and reporting risk policy exceptions to the risk committee.
Oversee and manage insurance policy renewals to ensure continuous coverage and optimal terms.
Conduct thorough due diligence on potential risks and insurance needs.
Process and manage insurance claims efficiently, ensuring timely resolution.
Track and monitor risks associated with the company's operations and projects.
Ensure compliance with waiver requirements and other commercial and regulatory obligations.
Prepare and present risk management trend reports to senior management.
THE PROFILE TO SUCCEED
Degree in Business, Finance, Risk Management, or a related field, or 10+ years of experience with material responsibility for industrial insurance programs. Experience with insurance needs of power generation facilities is preferred.
Minimum of 10 years of experience in insurance and risk management, with at least 5 years in a leadership role.
Proven track record of successfully managing insurance programs and risk management initiatives.
Professional certification in risk management or insurance (e.g., ARM, CPCU) is preferred.
In-depth knowledge of the energy sector and its unique risk landscape is preferred.
Strong leadership and team management skills.
Ability to manage multiple tasks and projects simultaneously.
Strong communication and interpersonal skills.
Excellent analytical and problem-solving skills.
Ability to travel up to 25%, including international travel required for property insurance roadshows
THE TEAM
Onward Energy team is comprised of industry professionals who embrace collaboration, dedication, and hard work while also being down to earth. At Onward Energy, we seek to find solutions rather than assign blame.
THE WORK ENVIRONMENT
The position functions in a smoke and vaping free professional office environment. The role routinely utilizes standard office equipment such as laptop computers, phones, and scanners/photocopiers.
THE TOTAL REWARDS
Onward Energy total rewards philosophy is motivated by a key tenet of People First and offers associates a comprehensive total rewards package which includes market competitive compensation, health, life insurance, and retirement savings benefits.
If you require an accommodation for any part of the employment process due to a disability to [email protected].
EEO STATEMENT:
Onward Energy is an Affirmative Action Employer, Females/Minority/Veterans/Disabled/Sexual Orientation/Gender Identity.
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Apply Now