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Invenergy · 1 day ago

Manager, Insurance (Captive)

Chicago, IL

Full-time

Onsite

Mid, Senior Level

$120K/yr - $135K/yr

5+ years exp

Invenergy drives innovation in energy, providing power generation and storage solutions at scale to create a cleaner energy future. The Manager, Insurance will oversee the captive insurance program, supporting various aspects of insurance requirements and collaborating with brokers and legal counsel.

ConsultingEnergyEnergy EfficiencyMarketingRenewable Energy

Growth Opportunities

No H1B

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

Qualification

Captive insurance expertiseRisk management experienceInsurance industry designationsPowerNatural gas experienceCommercial insurance experienceAnalytical skillsSpanish language proficiencyJapanese language proficiencyOrganizational skillsCommunication skills

Required

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

Preferred

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