Director of Insurance and Risk Management

About Prevalon

Prevalon Energy LLC (Prevalon), a Mitsubishi Power Americas and EES joint venture, is a leading global energy storage technology and services company that is empowering companies to deploy flexible energy solutions and accelerate a more sustainable energy future.

With 10 years of global battery energy storage experience and over 4 GWh of utility-scale battery energy storage projects deployed, Prevalon develops an end-to-end integrated battery energy storage solution that delivers throughout the entire lifecycle of your project and ensures performance.

Working with our customers to develop a solution to meet the demands of their energy system today and into the future, we are grounded by the principles of commitment, reliability and expertise to guide our decision making, design philosophy, and relationship building.

Our Culture and Values

Responsibility

Safety is at the core of everything we do. From the well-being and health of people to the quality of the products we develop and implement, sustainability is the foundation of our operations. Our expertise guides our decision-making and design development, and lives at the core of our mission.

Community

People are the focus and heartbeat of what we do. We prioritize the well-being of our customers, employees, and communities we work with. Through teamwork, collaboration, and open communication, we work together to continuously innovate.

Innovation

We value and encourage creativity in the ways we work and are always forward thinking. We embrace diversity of thought and adapt to emerging trends and technologies. We recognize the importance of respecting traditions but not beholden by them.

Accountability

We are focused on taking responsibility and ownership for our actions and decisions. We deliver on promises in a transparent and reliable manner. We are accountable in our commitment to sustainable practices and products.

Job Summary

The Director of Insurance and Risk Management reports to the Chief Legal Officer (CLO) and will have (i) overall responsibility for the management of Prevalon’s insurance program and (ii) a critical role in identifying, monitoring and minimizing Prevalon’s operational and strategic risks. The Director must be knowledgeable of insurance and risk management strategies and have the ability to effectively assess, identify, and manage risks. This position requires strong leadership, problem-solving, day-to-day decision-making, and communication skills and has a wide variety of responsibilities.

Essential Duties & Responsibilities

Essential duties and responsibilities include, but are not limited to the following:

Insurance

- Review and negotiate insurance policies, ensuring optimal coverage and competitive pricing.

- Manage Prevalon’s insurance portfolio, including renewals, claims processing, contract reviews, and coordinating with brokers and insurers.

- Maintain insurance program policies and procedures.

- Engage with Contract Management and Supply Chain on securing certificates of insurance for customers and vendors, respectively, and ensuring contractual obligations for insurance are aligned across contracts.

Risk Management

- Develop and implement risk management strategies and initiatives to identify and evaluate potential risks across the organization (including enterprise, privacy, data, cyber and other risks) to identify areas of vulnerability and recommend appropriate risk mitigation measures and corrective actions.

- Collaborate with internal stakeholders across the organization as part of the risk management and evaluation process, including, but not limited to, the Director of Quality, Environmental, Health and Safety, the Director of Information Technology, the VP Accounting and Finance, and HR Manager.

- Maintain the organization’s Business Continuity Policy and conduct risk assessments.

Internal and External Audits

- Conduct risk assessments and audits to evaluate and monitor Prevalon’s insurance program and policies and procedures, identify risks and, if appliable, violations, make recommendations for improvements and necessary corrective actions.

Stakeholder Communication

- Engage with Prevalon leadership to provide updates and report on activities related to insurance and risk management.

Legal Liaison

- Maintain domestic and international, as applicable, licensing and registrations for the organization, including, but not limited to, registrations required by state Secretary of States where full-time employees create nexus.

- Collaborate with the legal department to ensure Prevalon’s legal obligations are met.

Perform other related duties as assigned.

Knowledge, Skills, & Abilities

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

- Strong knowledge of insurance policies, risk assessment techniques, and claim handling procedures.

- Strong knowledge of relevant laws, regulations, and industry standards related to risk management and insurance.

- Ability to negotiate and create effective relationships with insurance carriers, brokers, and other risk management service providers.

- Strong experience in managing budgets and setting expectations with external vendors.

- Excellent organizational and multitasking skills.

- Ability to work effectively in a team environment.

- Strong communication and interpersonal skills.

- Attention to detail and accuracy.

Education & Experience

- Bachelor's degree in Risk Management, Insurance, Finance, Business Administration, or a related field. (Master’s degree preferred)

- Minimum of 10+ years of experience in insurance, risk management or a related field.

- Previous experience as a Risk and Insurance Manager or a similar role.

- Experience with risk management software and tools.

Physical Requirements & Work Environment

The physical demands and work environment characteristics described herein are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

- Prolonged periods sitting at a desk and working on a computer.

- Must be able to lift up to 15 pounds at times.

Job Type: Full-time

Pay: $160,000.00 - $200,000.00 per year

Benefits:

- 401(k) matching

- Dental insurance

- Health insurance

- Health savings account

- Paid time off

- Vision insurance

Work Location: Hybrid remote in Heathrow, Florida 32746