Contract Insurance Risk Engineer Jobs in Elgin, IL

Invenergy is North America's largest privately held developer, owner, and operator of power infrastructure. With 25 years of trusted execution, we deliver reliable, affordable energy through a diverse portfolio that includes natural gas, solar, land-based wind, energy storage, transmission, and domestic manufacturing. Headquartered in Chicago, we develop, own, and operate large scale projects that power communities and support the energy future.

This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.

Position Overview:

The Manager, Insurance will be responsible for overseeing the captive insurance program. This person will be the SME for the captive insurance program here at Invenergy.

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.

Basic Qualifications

• 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 Skills

• 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.

120,000.00 - 139,000.00 USD Annual
Bonus: 25% - 40%

The base pay range reflects the minimum and maximum target salary for the position. Invenergy considers a number of factors when determining base pay offers such as the scope and responsibilities of the position and the candidate's experience, education and skills.
In addition to base pay, the total annual compensation package may also include eligibility to participate in our bonus program(s) which are designed to reward individual and company performance. Your recruiter can share more about bonus eligibility for this position during the hiring process.
Invenergy offers a variety of other benefits including medical, dental and vision insurance, 401k, paid time off, etc.

Invenergy LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, status as a protected veteran, or disability.