Senior Director - Insurance

The base salary range for this position is dependent upon experience and location, ranging from:
Orange, CT - $189,000 - $236,000

The Senior Director – Insurance will lead the company's insurance strategy, ensuring comprehensive risk management and optimal insurance coverage. This role involves collaborating with various departments to identify and mitigate risks, managing relationships with insurance providers, and overseeing the Avangrid Corporate claims processes. The Senior Director – Insurance is responsible for the implementation and management of all local Insurance and Risk Financing Programs within Avangrid;

and working with the Global Iberdrola Risk and Insurance Team to ensure (where possible) integration of Insurance Programs in compliance with U.S. Federal, State, and Local statutes including all applicable rules and/or regulations.

Position will also be responsible for the planning, procurement, negotiation, and implementation of all casualty insurance, surety bonding and property insurance programs (including construction/capital project related insurance programs). The Senior Director – Insurance will also direct the management of all Excess Insurance Claims involving personal injury, property damage, employment practices liability or other claims brought against the company or its operating companies in the US.

Other responsibilities include: manage and plan all Property Casualty Insurance Budgets, maintain self-insurance or self-funding programs for risks that are retained by the Company to assure that third-party liabilities are recognized and funded.

Reporting to the SVP Purchasing & Services, this position is responsible for interfacing with the Executive team to develop and execute the strategic vision for the organization’s Insurance functions. Oversight and management of all insurance related budgets, internal controls, claims, and financial reporting thereof and Risk and Insurance Management software applications (and records). In addition, responsibilities include oversight, development, and execution of Insurance strategies across all categories within span of control including targets, timelines, and resource plans.

Coordinate with all Operating Companies to ensure alignment with overall business strategy.

• Develop and implement a local insurance strategy aligned with the company's risk management framework and global insurance framework.
• Conduct thorough risk assessments to identify potential exposures and recommend appropriate insurance solutions.
• Guide and assist senior management and global insurance team in the development and communication of risk financing policies and standards.
• Oversee the procurement, renewal, and management of all insurance policies, ensuring they meet the company's needs and regulatory requirements.
• Oversee the preparation and submittal of all Insurance Procurement market submittals including Applications for Insurance, related presentations, and response to Market Data Requests for both operational Insurance and individual capital project insurance programs.
• Ensures departmental compliance with contractual, lending, regulatory, and corporate requirements, guidelines, and goals, including turnaround times and reporting.
• Support the Business on Insurance needs and collaborate with both internal and external legal counsel
• Monitor and control insurance-related budgets and expenditure across Avangrid and for individual CAPEX projects.
• Develop and maintain a high-performance culture, resulting in continued success meeting KPIs and improved levels of customer service to internal and external customers.
• Support Networks Rate Case(s) by providing responses to RFI’s and representing OpCo’s at regulatory hearings.
• Set goals, manage, evaluate, and develop team. Challenge employees, build effective teams, provide staff with coaching, feedback, and development opportunities.
• Develop and deliver presentations on the opportunities, best practices, and issues for alignment, and drive implementation of Insurance and Risk Management initiatives.
• Assess the Insurance market and explore opportunities to develop coverage solutions for…