Job Description

About the Company
Our client is Ontarioxe2x80x99s largest electricity transmission and distribution service provider. They are looking for a Director, Risk & Insurance to join their team!Why Work Here

• Innovative and inclusive company culture
• Great work life balance
• Excellent compensation package

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:
• Loss retained
• Risk control expenses
• Claims adjusting costs
• Insurance premium
• 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 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 companyxe2x80x99s position on ESG to external parties (insurers, lawyers, adjusters and brokers). Ensure that the insurance program is appropriately aligned with the companyxe2x80x99s 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 Companyxe2x80x99s total cost of risk.
• Identify, recommend, implement process improvements resulting in efficiencies, and ultimately contribute to the company scorecard.
• Manage the companyxe2x80x99s 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 business and corporate risks
• Prepare notes and presentation material for senior management as per approval process
• Work with ERM to facilitate the identification, assessment, and management of risks associated with major projects and strategic initiatives. Support the integration of risk mitigation and control methodologies into project management.
• Support ERM in the preparation of semi-annual risk profile for the Chief Risk Officer to present to the Board of Directors, to help the President and Chief Executive Officer inform the Board of principal risks and status of plans to mitigate.

About You

• Certified Risk Manager, Associate Risk Manager or Chartered Insurance Professional, designation
• Bachelor's degree in finance, risk management or business administration
• 10-15 years experience in risk management, claims management and self-insurance plans.
• 5 years experience in a leadership role (managing people, process or projects)
• Extensive understanding of insurance and claim processes, controls and analysis.
• Progressive knowledge of insurance strategies.
• Understanding of the energy industry and ability to bring relevant strategic recommendations to senior management.
• Technical knowledge and background in insurance claims
• Command of Microsoft Office products, including Outlook, Excel, Word and PowerPoint with superior presentation abilities.

Salary Range
$170,000 - $180,000/yearHow to Apply
Click the xe2x80x9cApply Nowxe2x80x9d button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote #433199.You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our clientxe2x80x99s requirements for this role.

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