Citizens Energy Group

Senior Manager of Risk, Insurance and Claims

Senior Manager of Risk, Insurance and Claims
Notice info
LocationIndianapolis, IN
Job Typefull time
On-site
Utilities

About This Job

We have an exciting opportunity for a Senior Manager of Risk, Insurance and Claims to join our team!

The successful candidate will plan, direct and manage the purchase of insurance programs; claims and loss control activities; risk exposure audits and mitigating solutions. Responsible for relationships with third party insurance related service providers including brokers, underwriters and administrators; preparing and analyzing loss run reports, insurance program budget and allocations; developing and maintaining process controls and guidance tools; training internal stakeholders about insurance programs to ensure compliance and support; and presenting annual updates about the insurance programs to the Board of Directors, Senior Leadership and Officers.

Citizens Energy Group offers a competitive salary and benefits including

Health, Dental & Vision
Defined Benefit Pension Plan
401(k) Retirement Plan with company match
Short Term Incentive Pay (STIP) Plan
Health Savings Account (HSA) with company contribution
Wellness Program
Adoption and tuition assistance
Employee Credit Union
PTO and Paid Holidays
Flexible Hybrid Work Schedule

If you are looking for a new opportunity, we invite you to apply and talk about the possibilities of starting a rewarding new chapter of your career!

Minimum Salary

$118,200 (Grade 13)

Risk

The Senior Manager of Risk, Insurance and Claims (Senior Manager) is primarily responsible for the coordination of the loss control audit program and jurisdictional boiler and pressure vessel inspections conducted by the insurance underwriters including monitoring the implementation of risk mitigation strategies by each business unit. Additionally, this Senior Manager is primarily responsible for contractual risk transfer through the review of each contractor, subcontractor, supplier, vendor contractual agreement and the corresponding Certificate of Insurance (COI) to ensure appropriate insurance coverages and limits are in-place prior to the initiation of work. Work to resolve discrepancies with the Supply Chain Category Lead, Business Unit, vendor and/or vendor's insurance agent. The Senior Manager works annually with Leadership to confirm the company s risk appetite to ensure alignment with mitigation strategies and insurance coverages.

Insurance

The Senior Manager is primarily responsible for purchase, renewal, endorsements, declarations and oversight of the Trust s insurance portfolio. The insurance portfolio includes, but not limited to; Automobile, Crime, Travel, Fiduciary, Property, Non Owned Aviation, Pollution Liability, Directors and Officers, Workers Compensation, Excess Liability and Cyber coverage intended to mitigate the overall risk profile of the Trust and all subsidiaries. These efforts include confirming limits for the self-insurance retention and insurance purchased from third party suppliers. The Senior Manager also compares purchased insurance to establishing a captive insurance affiliate at Citizens for potential cost savings for insurance programs such as Cyber and Property. The Senior Manager is primarily responsible for the administration of the Owners Controlled Insurance Program (OCIP) for a series of large construction projects including the purchase of proper insurance coverage for all enrolled contractors. Also, monitor and direct OCIP administration functions including project enrollment, claims and loss run reporting, resolution of high value claims, site audits and follow-up action and financial and cost savings reporting. The Senior Manager is primarily responsible for COI Management, surety bond management and environmental closure bonds. Also, researches and analyzes alternative risk solutions to optimize insurance costs and program performance.

Claims

The Senior Manager is primarily responsible for ensuring the proper and efficient handling of property damage and automobile claims including investigation, research, determination of liability, resolution, settlement authority, record keeping and loss forecasting estimates. The Senior Manager also assists with recovery of moneys owed to Citizens through the subrogation process by assembling supporting documentation provided by Operations and Billing and Receivables Management; coordinating with Legal and third party collections agencies who pursue these claims through the courts; and tracking claim status. This position currently has no internal direct reports. However, the Senior Manager manages multiple third party vendors including property and auto claims administrator, subrogation and litigation support, and emergency response restoration contractors, estimators and appraisers for property damage events.

Insurance policy acquisition and renewal, reporting/tracking of insurance policies, relationship management; insurance brokers, underwriters and other third party administrators; presenting updates to Board of Directors, Senior Leadership and Officers.

Claims tracking and administration.
Contractual Risk Transfer, Certificate of Insurance (COI) review, research and approval, review all contracts for insurance in contracts, determine appropriate insurance requirements, hold harmless and indemnification language.
Owner Controlled Insurance Program (OCIP) administration.
Loss exposure audits and monitoring the implementation of mitigation strategies by each business unit.
Industry analysis through benchmarking/metrics including assessing cost structure levels of retention, limits, deductibles, change in costs, cost of risk and overall competitiveness of insurance premiums. This includes standardizing performance measures, aligning departmental objectives with overall company goals and conducting annual relational comparative analyses.
Recovery of moneys through subrogation process including supporting documentation assembly provided by others and coordination with Legal and third party collections agencies.
Develop and maintain process controls and guidance tools for risk, insurance and claims. Conduct training and workshops with internal stakeholders to integrate and improve efficiencies.
Develop metrics and objectives that are linked to Trust goals.
Perform other duties as assigned.
Graduate of an accredited college or university with a bachelor's degree in management, finance, accounting, or business administration.
5-7 years experience in a related area as an individual contributor with 1-3 years management/supervisory experience.


Preferred Skills/Qualifications

Construction Risk and Insurance Specialist (CRIS), Associate in Risk Management (ARM) and/or Certified Risk Manager (CRM) designations are highly preferred.
Effective communication and negotiation skills for use with brokers, attorneys and insurance companies.
Familiarity with Property, Cyber, Excess Liability, Directors & Officers, and Fiduciary Liability insurance programs.
Experience with property damage claims, contract review, self-insured workers' compensation, loss forecasting and budgeting.

Job Posting Deadline

Open Until Filled

Citizens is a drug-free, Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, age, color, religion, creed, sex, sexual orientation, gender identity, national origin, disability, or protected Veteran status.

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