Insurance Manager

ESSENTIAL FUNCTIONS AND RESPONSIBILTIES

• Establishes, manages and implements the Insurance Management policies, programs and procedures. Monitors and evaluates program effectiveness and effects changes required for improvement.  Includes reviewing policies for accuracy and coverage.  Orders policy changes as required providing adequate and necessary coverage for new locations and exposures.
• Establishes and oversees the protection of corporate assets by determining appropriate insurance coverage, preparing and placing requests for quotations, negotiating favorable terms, procuring insurance policies, including annual renewals. Includes identifying and analyzing risk associated with multitude of exposures.
• Provides excellent customer service and ensures excellent delivery of all insurance services to the corporation by coordinating all activity, and working cooperatively with brokers and carriers to deliver excellent quality services; collaborating with management for creative, logical and appropriate solutions to minimize risk to the corporation; advising senior level management on appropriate insurance management issues; and constantly improving and updating procedures and processes.
• Manages the insurance program by overseeing the investigation and settlement of all insurance claims against the corporation; managing all data to appropriately track and report to insurance carriers; and managing Certificates of Insurance, or other forms of proof, process including timely processing to others, and validation of those provided to the corporation.
• Reviews the functions and activities of Insurance Management in an effort to contribute to the corporation’s growth and financial stability and keeps abreast of pending and changing regulatory developments as well as obtaining insight on legislative agendas at state and federal levels.
• Manages, plans and directs Insurance staff to effectively accomplish the corporation’s goals and objectives; recruits, employs, trains, supervises, and evaluates the Insurance Management staff.
• Interprets, creates and alters contract language regarding insurance requirements, indemnity provisions, waivers of subrogation, etc., associated with all vendor and counterparty contracts in conjunction with the legal department and communicates on a regular basis with Legal staff for both contract reviews and any claims assistance that might be required.
• Coordinates with the Safety and Environmental groups as needed in accident analysis, disaster planning and risk assessment.
• Develops and manages annual budgets for the insurance program and performs periodic cost analysis.
• Adhere to and demonstrate compliance with appropriate electric utility industry regulatory requirements. Attain knowledge and remain knowledgeable of development in regulations, laws, standards and best practices applicable to the functional area including, but not limited to, Standards of Conduct, Environmental, Employment Law, NERC Reliability Standards and Safety.  Must be familiar with, and comply with, all aspects of Corporate Policy C-54, Compliance.
• Demonstrate behavior consistent with Tri-State’s culture embodied in the Cooperative principles and spirit and core values of technical competency, respect and dignity, accountability, integrity, trustworthiness, and servant leadership to empower or otherwise enable others to optimally perform their job responsibilities. Demonstrate and promote ethics and behaviors consistent with Tri-State’s culture, Board policies, and business practices. Understand and fulfill the role and responsibility for all compliance programs within the company.
• Because Tri-State is an electric utility with continuous service obligations to its customers, regular, reliable, and predictable performance of the essential functions and responsibilities is an essential function of the job.
• Because Tri-State has an obligation to provide continuous, reliable electric service to its customers, the ability to work overtime at any time of the day or week is considered an essential function of the job.

OTHER DUTIES/RESPONSIBILITIES

• Perform other related duties as assigned

SUCCESS FACTORS/JOB COMPETENCIES:

• Management/Supervision: Ability to organize and manage multiple priorities and assigned staff.
• Time management: Ability to manage time effectively and to manage multiple routine detail matters while also attending to strategic/complex matters.
• Problem analysis and problem resolution at both strategic and functional levels.
• Commitment to company values.
• Excellent interpersonal and communication skills.
• Strong team player.
• Advanced computer proficiency in Excel and Word, comfortable with new technologies with proven track record of automation.

REQUIRED JOB QUALIFICATIONS

Education and Training:

• Bachelor’s degree in Finance, Accounting, Economics or directly related discipline.

Knowledge, Skills, and Ability:

• Extensive knowledge of Insurance and Risk Management principles, practices and methodologies.
• Working knowledge of applicable laws and regulations affecting Insurance and Risk Management systems.
• Knowledge of financial/business analysis techniques.
• Ability to communicate effectively, verbal and written, internally and externally.
• Excellent interpersonal skills, ability to work with a wide variety of people and lead a team.
• Creative thinking and problem identification and solving skills a must.
• Recognized as expert in the field, solid understanding of contracts and indemnities.

Experience

• Ten (10) years of progressive professional experience involving Insurance or Risk Management, preferably in the electric utility business.
• Experience with insurance procurement, claims and litigation management.
• Experience with cost control, contract evaluation, broker selection, loss forecasting and budget development.
• Experience with self-insurance, underwriting and submissions and property risk control

Other:

• Willingness to travel as required. 

DESIRED JOB QUALIFICATIONS

• Following certifications preferred:
  • Certified Risk Manager (CRM)
  • Associate in Risk Management (ARM)
  • Certification in Risk Management Insurance (RMI)

PHYSICAL AND MENTAL DEMANDS:  The physical demands and work environment characteristics described here are representative of those that must be met by an employee to successfully perform the essential functions of the position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Physical demands: While performing the duties of this job, the incumbent is required to sit continuously.  Occasionally, incumbent will be required to stand, walk, stoop, bend and kneel.  Incumbent will be required to occasionally lift items up to 10 lbs. including above and below shoulder level.  Continual use of computer, keyboard and other electronic devices. Good hearing and speaking required as well as good vision including color vision and focus.
• Mental demands: While performing the duties of this job, the incumbent is required to read, write and process data. Must be able to analyze reports, financial information, programs, procedures and policies.  Must be able to develop reports, policies, programs and procedures and must be able direct/supervise others.  Must be able to present information.
• Work Environment: While performing the duties of this job, the incumbent will be exposed to an office environment, working mainly at a desk. Occasional travel required with occasional exposure to varying weather elements, and occasional exposure to power plant and transmission environments.