Associate, Insurance

Invenergy•Chicago, IL

About The Position

Position Overview The Associate, Insurance, will report to Vice President, Insurance, and support the insurance team with execution of insurance strategy of a multinational portfolio of wind, solar, energy storage, thermal projects in various lifecycle stages.

Requirements

Bachelor’s degree
3+ years of working insurance or risk management industry experience
Eligible to work in the United States without the need for employer visa sponsorship now or in the future.

Nice To Haves

Bachelor’s degree in insurance, risk management or other relevant majors, with a proven track record of high performance and industry participation.
Proven track record evidencing commitment, endurance, initiative & drive, professional learning & development, and high performance.
Exhibit effective written and oral communication skills, including email, Skype and Microsoft Teams video conferencing, phone, and in-person communications.
Insurance or risk management designations
Ability to communicate verbally and in writing in Spanish or Japanese is a strong asset.
Power and/or natural gas experience is preferred.
Track record of being able to work reliably under tight timelines, experience training junior team members and propose, design and implement process improvements.
Strong analytical and problem-solving skills and good attention to details.
Exceptional organizational and time management skills to complete settlement responsibilities in accordance with internal and external deadlines.
Must be able to work independently with minimal oversight as well as in a team setting.
Must be a self-starting and motivated team player who is able to efficiently become skilled at new systems and effectively manage deadlines.

Responsibilities

Claim support: Responsible for a wide range of claim related activities – claim notice intake, evaluation, and reporting, oversee claim handling, support claim investigations, complex claims and coverage determination and disputes, claim payment collections and payment records management. Coordinate communication between Invenergy and insurance adjusters/insurers, monitor claim activities and support speedy claim resolutions. Engage external experts as needed. Maintenance of accurate records of claims across all lines of coverage in internal claim management systems. Oversee regular claim reporting and maintain open claims status by working closely with the insurance team, Asset Management, Project Management and other internal departments. Assist in identifying loss trends and communicate these to the appropriate internal parties.
Loss control support: Manage insurer and third-party property insurance inspections at Invenergy’s sites. Work closely with Invenergy’s internal stakeholders (asset management, operations, finance, and more) to review and respond to insurer recommendations. Maintain recommendation registers and provide reports of recommendation trends and progress. Support site managers, operations and engineering teams with insurance inspections, including but not limited to jurisdictional pressure vessel and appraisal visits. Develop and maintain operational and technical knowledge or Invenergy fleet’s major equipment, and support fleet-wide loss control and prevention.
General insurance support: Assist with the preparation of monthly, quarterly, and annual risk reports for various committees and boards. Assist in preparing loss analyses and identifying opportunities to reduce Invenergy’s total costs of risk. Support the preparation of annual insurance budgets. Support Invenergy insurance team in coordinating insurance efforts from development through to operational phases of all projects, analyzing and evaluating insurable risks and potential risk mitigants. Support the administration of insurance contracts and support Invenergy’s insurance team in negotiations with insurance brokers, insurance companies and project contractors (including EPC/BOP and modules/turbine suppliers) on insurance coverages and conditions. Coordinate communication between Invenergy and insurance broker to monitor upcoming construction completion activity to support placement of insurance for newly operational projects. Maintain accurate records of insurance placements, including providing certificates of insurance, tracking policy endorsements, and processing invoices. Engage with lenders’ insurance consultants to ensure project insurance compliance with applicable financing documents. Identify process improvements and automation opportunities to improve invoice production timeliness and achieve other efficiencies. Work cross-functionally with Development, Project Management, Asset Management, Finance, Legal and other teams to ensure the Company has appropriately structured insurance programs Provide support to ad hoc requirements as they may arise.