Director of Risk Management

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About the Company
Our client is an energy company. They are looking for a Director, Risk & Insurance who will be responsible for overseeing insurance and risk management functions, with a particular emphasis on renewals and claims. The role will involve working closely with brokers and the market, especially during the busy period between November and March, dealing with 60-70% of the renewal and insurance-related work.
Why Work Here
Excellent growth potential, with opportunities to transition into higher roles
Dynamic and collaborative work culture
About the Opportunity
Advise senior management of all potential sources of accidental loss. Supervise activities related to conservation of human, financial and physical assets.
Manage the organizations risk management department with the following goals:
Protect against financial loss resulting from:
Damage to company property
Downtime and additional costs from damage to property of the organization and others.
Liabilities for property damage or injury to members of the public
Maintain a proper balance among:
Claims adjusting costs
Administrative costs
Contractual transfer
Support the Treasurer and CFO in responding to various special requests from the Audit, Finance and Pension Investment Committee on Risk and Insurance matters.
Support the Treasurer in managing the company’s risk and insurance activities such as procurement of insurance, claims management, contractual review and approval of claims payments.
Support the Treasurer in insurance and risk management policies and procedures.
Support senior management on corporate strategic initiatives related to risk and insurance matters for mergers, acquisitions, divestiture and new ventures.
Provide the vision and strategic direction for the design, development, implementation and management of an insurance program for a publicly traded Company and its Stakeholders.
Under a custom incentive rate mechanism, develop long term insurance strategies to mitigate insurable loss exposure by balancing the cost of premium against the likelihood of losses.
Conduct periodic assessments and cost benefit analyses of insurance programs while evaluating non-traditional risk management tools such as:
Captives; O.I.L.;
Risk Financing Optimization etc.
Effectively communicate the company’s position on ESG to external parties (insurers, lawyers, adjusters and brokers). Ensure that the insurance program is appropriately aligned with the company’s ESG policies and targets.
As new business ventures are explored and created, identify significant property and casualty risk exposures, and then design, develop and secure appropriate insurance coverage to minimize their impact on the Company’s total cost of risk.
Identify recommend, implement process improvements resulting in efficiencies, and ultimately contribute to the company’s scorecard.
Manage the company’s risk and insurance matters related to due diligence requirements associated with mergers, acquisitions, divestitures, joint ventures and public offerings.
Maintain on-going communications with the brokers and insurers providing them with business updates and notification of all significant events to ensure risk is well understood and appropriately priced by underwriters.
Work independently and regularly interface with senior management and legal, providing counsel and advice on potential risks and liabilities on business contracts, projects, specific issues and initiatives, and recommending appropriate course of actions.
Prepare detailed submission packages and presentation material for the CFO, ELT and the Board (Governance and Audit Committees to assist them in fulfilling their mandates) as required, for all lines of…