Manager, Insurance (Captive)

Invenergy•Chicago, IL

About The Position

Invenergy drives innovation in energy. Powered by decades of entrepreneurial experience and unparalleled execution, we solve the energy challenges facing our customers and communities. We provide power generation and storage solutions at scale around the world to create a cleaner energy future. We develop. We build. We own. We operate. We are Invenergy. This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window. Job Description Position Overview: The Manager, Insurance will be responsible for overseeing the captive insurance program. This person will be the SME for the captive insurance program here at Invenergy.

Requirements

Bachelor’s degree in insurance, risk management or other relevant majors
5+ 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

Power and/or natural gas experience is preferred.
Other majors may be acceptable if supported by strong industry experience and insurance industry designations such as CPCU and ARM.
Working experience with setting up and operating captive insurance companies/cells.
Commercial Insurance experience including, Property, Casualty, Forced Outage, Capacity payments, parametric, tax and representations and warranties insurance is preferred.
Insurance or risk management designations.
Ability to communicate verbally and in writing in Spanish or Japanese is a strong asset.
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.
Exhibit effective written and oral communication skills, including email, Skype and Microsoft Teams video conferencing, phone, and in-person communications.
Must be a self-starting and motivated team player who is able to efficiently become skilled at new systems and effectively manage deadlines.

Responsibilities

Support Vice President, Insurance, with all aspects of the captive insurance requirements of an energy portfolio.
Work collaboratively with brokers, reinsurers, and tax/legal counsel to develop and evaluate insurance products, policy terms and conditions, as well as evaluate written coverage to outgoing/ceded reinsurance.
Support development of business plans and pro forma financial statements.
Maintain financial and operational records.
Provide regulatory, insurance, risk management, underwriting expertise, and administrative captive management support.
Coordinate new placements and renewal efforts with brokers, consultants, insurers and Invenergy's insurance team.
Oversee timely and efficient management of insurance and reinsurance documentation.
Oversee premiums billing and manage collateral requirements.
Provide claims support.
Manage communication with state regulators for changes to the insurance program/business plan.
Support the preparation for an participate in board meetings.