Risk Senior Manager

NW Natural•Happy Valley, OR

9d•$151,850 - $224,600•Hybrid

About The Position

NW Natural is seeking an experienced and strategic Risk Senior Manager to lead and advance the company’s risk management, insurance, claims, and financial risk management programs and teams. The position advises senior leadership and business partners on identifying, assessing, mitigating, and monitoring risks affecting strategic objectives, financial performance, operations, regulatory compliance, or reputation. The role oversees the company’s insurance portfolio, risk management, and utility middle-office risk functions, including credit risk management, contract administration, risk reporting, and compliance monitoring. It partners with leaders across finance, operations, regulatory affairs, legal, treasury, and commercial functions to support the organization’s resilience and long-term success. This hybrid position is based at NW Natural’s downtown Portland, Oregon headquarters. Candidates must live within commuting distance or be willing to relocate to the Portland metropolitan area. Onsite work is required Tuesday through Thursday, with remote work flexibility on Monday and Friday, subject to business needs. The role is a regular, full-time, exempt, non-union position.

Requirements

Bachelor’s degree in Risk Management, Finance, Accounting, Business Administration, Economics, Engineering, or a related discipline.
Eight or more years of progressively responsible experience in risk management, insurance, finance, treasury, commodity risk management, or related fields.
Ability to build, lead, and develop high-performing teams, including coaching talent, fostering accountability, and driving continuous improvement.
Demonstrated experience managing commercial insurance programs and enterprise risk initiatives.
Understanding of corporate governance, internal controls, and regulatory compliance.
Excellent analytical, communication, negotiation, and relationship management skills.
Ability to communicate effectively with operational teams and executive leadership.
Candidates must reside within commuting distance of the downtown Portland headquarters or be willing to relocate to the Portland metropolitan area.
Ability to work onsite Tuesday through Thursday each week; remote work on Monday and Friday is subject to business needs.

Nice To Haves

Experience in the utility, energy, natural gas, infrastructure, or another regulated industry.
Experience supporting commodity risk management, derivatives governance, credit risk management, or middle-office functions.
Professional certification such as CPCU, ARM, CRM, FRM, CFA, or an equivalent designation.
Experience presenting to executive leadership teams and boards of directors.
Experience implementing or administering risk management systems or technology platforms.

Responsibilities

Direct administration of corporate insurance programs, including property, casualty, cyber, environmental, workers’ compensation, directors and officers liability, automobile, and specialty coverages.
Lead annual insurance renewals, underwriting presentations, broker strategy, and carrier negotiations.
Evaluate insurance requirements for capital projects, acquisitions, contracts, and new business initiatives.
Recommend insurance program structures, retentions, deductibles, and alternative risk financing solutions.
Maintain relationships with brokers, insurers, consultants, and external advisors; track insurance market developments and advise leadership on emerging opportunities and risks.
Collaborate with the claims department on insured and self-insured claims programs, coordinate with internal and external stakeholders, and analyze claims and loss trends to identify ways to reduce total cost of risk.
Develop management and leadership reporting on loss trends and risk exposure.
Oversee middle-office risk management activities supporting commodity and financial risk management programs.
Monitor counterparty credit exposure and compliance with approved credit policies and limits.
Oversee contract administration, transaction confirmation, valuation review, and risk reporting processes.
Support governance of derivative and hedging activities; provide financial derivative guidance and identify risks.
Partner with treasury, accounting, gas supply, regulatory, and commercial teams to identify and manage financial risks.
Monitor policy compliance and escalate material risk issues to appropriate management and governance committees.
Develop and maintain risk management policies, procedures, and internal controls.
Support internal audits, external audits, and regulatory reviews.
Promote governance practices and risk accountability, and ensure accurate documentation and reporting of risk management activities.
Lead enterprise risk awareness and training initiatives.
Lead, coach, and develop risk management team members; establish departmental priorities and performance objectives.
Lead continuous improvement and risk management technology initiatives.
Advise executives and business leaders on risk-related matters; influence cross-functional stakeholders, build consensus, and drive alignment on strategic and operational objectives.
Represent the company with insurers, brokers, consultants, industry associations, regulators, and other external stakeholders.

Benefits

Health insurance benefits with competitive employer contribution.
Free access to an online wellness resources platform.
Up to 23 vacation days.
80 hours of sick time.
10 paid holidays and 3 floating holidays.
Three weeks of paid parental leave.
Diversity, Equity & Inclusion Council and Employee Resource Groups.
On-site exercise facility and secure bike room.
Annual incentive bonus opportunity in addition to base salary; the stated Senior Manager target is 15%, with payout based on company and individual performance and potentially ranging from 0% to 200% of target.
401(k) company contribution and match.
15% discount on NW Natural stock through the Employee Stock Purchase Program.
Up to $5,250 per year in tuition reimbursement.
Wellness incentive program.
20% discount on natural gas service.
Up to 30% discount at NW Natural Appliance Center.
TriMet pass for headquarters employees.
Discounts with Verizon and AT&T Wireless.