Director, Risk & Insurance - Treasury

Director, Risk & Insurance - Treasury page is loaded## Director, Risk & Insurance - Treasury locations:
Irving, Texastime type:
Full time posted on:
Posted Todayjob requisition :
If you have what it takes to become part of the Vistra family and would like to start a promising career with a global leader, take a look at the exciting employment opportunities that are currently available and apply online.
** Job Summary
** Lead, develop, negotiate, recommend and implement the insurance requirements of the Company by identifying, analyzing and measuring potential loss exposure and implementing optimal insurance solutions; lead the development, implementation and management of an insurance captive; lead all activities to effectively and timely collect insurance claims; manage a large and well established surety program; develop and present materials both internally and externally;

maintain strong relationships with the underwriter and broker community; manage and develop junior members of team; and perform other tasks as required.
** Job Description
**** Key Accountabilities
*** Lead, develop, negotiate, recommend and implement all insurance coverages for the Company, including property, casualty, cyber, directors and officers, and nuclear coverage lines
* Develop, implement, and manage a captive insurance program for the Company
* Partner with our brokers to timely collect insurance proceeds in the event of a claim
* Procure insurance for new development projects and M&A activity
* Perform due diligence reviews of potential acquisitions from a risk and insurance perspective and provide insurance cost estimates as required
* Maintain healthy relationships with underwriting and broker community, updating management on current trends and challenges
* Coordinate with Operations and Engineering to minimize adverse impacts of financial losses and implement recommendations from insurers
* Work with Planning to establish an annual insurance budget
* Review and recommend changes in the Company’s contracts to minimize liabilities from both an insurance and contractual perspective
* Formulate and modify strategy for the Company’s insurance program
* Manage and optimize the Company’s surety bond program and provide Certificates of Insurance as required
* Manage and develop junior members and/or risk and insurance interns
* Perform other duties and responsibilities as assigned
** Education, Experience & Skill Requirements
*** College degree or certifications with specialization in Risk and Insurance
* 10+ Year's experience in Risk and Insurance
* Experience with captive formation or management
* Knowledge of a wide range of insurance policies and worldwide markets
* Proficiency in risk management practices and understanding risk financing programs
* Excellent verbal, written and presentation skills
* Experience leading projects and managing people
* Understanding of theories of legal liabilities and versed in State and Federal laws affecting insurance and claims preferred
* Results-focused and ability to work independently to drive projects to completion
* Proficiency in Microsoft Office Suite
** Key Metrics
*** Strengthen the organization’s expertise and readiness to assess risk and implement insurance solutions
* Establish a standardized process for evaluating insurance coverage amounts and improve the quality of strategic decision-making
* Achieve optimal results on all lines of coverage by individual program renewal dates
* Implement a captive program within the first twelve month
* Optimize collection proceeds from previous incidents
* Minimize the cost of collateral requirements to support surety and insurance programs
* Ensure timely delivery on requests for contract review and requests for Certificates of Insurance (“COI”)
* Develop the insurance team to expand team capacity to support growing activity level and accelerate responsiveness#LI-ND1#LI-Hybrid
** Job Family
** Treasury
* * Company
* * Vistra Corporate Services Company
** Locations
* * Irving, Texas Texas###
* We are a company of people committed to:  Exceeding Customer Expectations, Great People, Teamwork, Competitive Spirit and Effective Communication.  If this describes you, then…