Director, Risk & Insurance - Treasury

If you have what it takes to become part of the Vistra family and would like to start a promising career with a global leader, take a look at the exciting employment opportunities that are currently available and apply online.

Job Summary

Lead, develop, negotiate, recommend and implement the insurance requirements of the Company by identifying, analyzing and measuring potential loss exposure and implementing optimal insurance solutions; lead the development, implementation and management of an insurance captive; lead all activities to effectively and timely collect insurance claims; manage a large and well established surety program; develop and present materials both internally and externally; maintain strong relationships with the underwriter and broker community; manage and develop junior members of team; and perform other tasks as required.

Job Description Key Accountabilities

- Lead, develop, negotiate, recommend and implement all insurance coverages for the Company, including property, casualty, cyber, directors and officers, and nuclear coverage lines

- Develop, implement, and manage a captive insurance program for the Company

- Partner with our brokers to timely collect insurance proceeds in the event of a claim

- Procure insurance for new development projects and M&A activity

- Perform due diligence reviews of potential acquisitions from a risk and insurance perspective and provide insurance cost estimates as required

- Maintain healthy relationships with underwriting and broker community, updating management on current trends and challenges

- Coordinate with Operations and Engineering to minimize adverse impacts of financial losses and implement recommendations from insurers

- Work with Planning to establish an annual insurance budget

- Review and recommend changes in the Company’s contracts to minimize liabilities from both an insurance and contractual perspective

- Formulate and modify strategy for the Company’s insurance program

- Manage and optimize the Company’s surety bond program and provide Certificates of Insurance as required

- Manage and develop junior members and/or risk and insurance interns

- Perform other duties and responsibilities as assigned

Education, Experience & Skill Requirements

- College degree or certifications with specialization in Risk and Insurance

- 10+ Year's experience in Risk and Insurance

- Experience with captive formation or management

- Knowledge of a wide range of insurance policies and worldwide markets

- Proficiency in risk management practices and understanding risk financing programs

- Excellent verbal, written and presentation skills

- Experience leading projects and managing people

- Understanding of theories of legal liabilities and versed in State and Federal laws affecting insurance and claims preferred

- Results-focused and ability to work independently to drive projects to completion

- Proficiency in Microsoft Office Suite

Key Metrics

- Strengthen the organization’s expertise and readiness to assess risk and implement insurance solutions

- Establish a standardized process for evaluating insurance coverage amounts and improve the quality of strategic decision-making

- Achieve optimal results on all lines of coverage by individual program renewal dates

- Implement a captive program within the first twelve month

- Optimize collection proceeds from previous incidents

- Minimize the cost of collateral requirements to support surety and insurance programs

- Ensure timely delivery on requests for contract review and requests for Certificates of Insurance (“COI”)

- Develop the insurance team to expand team capacity to support growing activity level and accelerate responsiveness

Job Family

Treasury

Company

Vistra Corporate Services Company

Locations

Irving, Texas

Texas

We are a company of people committed to: Exceeding Customer Expectations, Great People, Teamwork, Competitive Spirit and Effective Communication. If this describes you, then apply today! If you currently work for Vistra or its subsidiaries, please apply via the internal career site. It is the policy of the Company to comply with all employment laws and to afford equal employment opportunity to individuals in all aspects of employment, including in selection for job opportunities, without regard to race, color, religion, sex, sexual orientation, gender identity, pregnancy, national origin, age, disability, genetic information, military service, protected veteran status, or any other consideration protected by federal, state or local laws. If you are an individual with a disability and need assistance submitting an application or would like to request an accommodation, please email us at assistance@vistraenergy.com to make a request.