Director, Risk Insurance

Plains Marketing • Houston, TX

289d

About The Position

The Director of Insurance Risk Management will plan, direct, and oversee all risk management activities conducted by the Risk and Insurance department. This role is responsible for managing insurable operational and management risks for crude oil and NGLs transportation, marketing, storage, and processing operations. Key activities include strategy development, program structuring, coverage selection, administration, program renewal, budgeting, cost allocation, claims management, loss control surveys, and providing day-to-day internal risk management consulting services. The selected candidate will be eligible for company benefits including Medical, Dental, Vision, Paid Time Off (PTO), and Free Parking.

Requirements

• Bachelor's degree, preferably with a focus in Insurance Risk Management or a related discipline.
• Minimum of 10 years prior related experience.
• Extensive experience in risk management, insurance, and claims management within the energy sector.
• Strong leadership and strategic planning skills.
• Excellent communication and negotiation abilities.
• Ability to work collaboratively with executive management and various departments.
• Cleared criminal history (background) and satisfactory reference checks.
• Compliance with the Company's drug and alcohol policy including pre-employment D&A testing.

Responsibilities

• Plan, direct, and oversee all risk management activities conducted by the Risk and Insurance department respective to insurable operational and management risks for crude oil and NGLs transportation, marketing, storage and processing operations.
• Conduct annual risk assessment discussions with executive management to identify emerging risks, material changes to organization's risk profile and exposures.
• Evaluate management's current risk appetite in conjunction with current and near future industry dynamics and insurance market trends that may impact insurance renewal strategy.
• Lead the insurance program renewal process, including strategy and oversight of the preparation of risk management presentations to underwriters.
• Lead insurance renewal meetings with domestic and foreign insurance brokers and underwriters; negotiate proposed renewal terms.
• Prepare internal insurance cost allocations and present annual update of insurance renewal outcome to the board's audit committee.
• Review and provide risk management guidance and present cost-benefit analysis of available insurance product options to executive management.
• Review contracts for insurance compliance issues respective to business activities within the organization.
• Coordinate loss control engineering surveys conducted at the organization's various locations.
• Oversee all insurance claim department activities, including coordination with internal safety, legal and operations groups.
• Manage insurance broker relationships with lead domestic and foreign insurance brokers.

Benefits

• Medical
• Dental
• Vision
• Paid Time Off (PTO)
• Free Parking

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Oil and Gas Extraction
• Education Level: Bachelor's degree