March 28, 2024
Electric Energy Jobs

Principal Advisor, Insurance & Risk Finance

Organization:
Edison International
Region:
United States, California, Rosemead
End of contest:
February 13, 2018
  This job posting has expired
Type:
Full time
Category:
Finance
Description
Highly-motivated; likes challenge; collaborative; committed to delivering high quality work Did we describe you? Read on

Edison International (NYSE: EIX), through its subsidiaries, generates and distributes electric power, and invests in energy services and technologies, including renewable energy. Edison's business platforms include Southern California Edison (SCE), one of the largest, most modern and cleanest electric utilities in the country, and Edison Energy Group (EEG), an integrated portfolio of emerging companies with a national footprint, offering products & services in a rapidly changing energy and cleantech marketplace. Both in California and the US, Edison International is widely recognized as an industry leader with a visionary drive toward a clean energy future, staying at the forefront of deploying new technologies, exploring innovative business models and advancing transformative policies.

 

Position Overview:

The person in this position will play a key role in managing all aspects of the insurance program at Edison International and will play a key role in coordinating with and supporting the Edison Enterprise Risk Management and claims programs (ERM). This includes evaluating risks to the company, placing all lines of property and casualty insurance for the company, and analyzing/recommending changes to the program.  You will be part of a small group that is part of the overall Edison risk management function, reporting to the Director of Insurance, and you will have regular interaction with executive officers of the company.

Typical responsibilities:

  • Managing annual insurance renewals - This requires understanding the risks facing the company, evaluating insurance market conditions, formulating a strategy for each renewal, meeting with company executives to present the strategy, preparing underwriting presentations and meeting with carriers, resolving issues raised by carriers, and recommending insurance placements that meet the company's needs
  • Ongoing oversight of insurance programs - This includes working with the Claims Department and Law to make sure that claims are filed with carriers appropriately and that the company's claims strategy and insurance renewal strategy are coordinated effectively, notifying carriers of changes in the company as required, working with carriers to amend coverage mid-year as required, and making sure premiums are accounted for and budgeted for appropriately
  • Consulting with business areas on insurance matters - This involves meeting with leaders of various business areas in the company to review their business needs and develop a strategic plan for how insurance can be used to address their business issues, evaluating the risks involved in work done by contractors and formulating appropriate insurance requirements for contractors, and providing insurance training to personnel in the company's business areas as needed
  • Evaluating new insurance programs - This includes proactively analyzing emerging trends in our industry and in the insurance market to assess whether additional types of insurance that the company does not currently purchase would be appropriate for the company, assessing alternative ways to obtain coverage that the company already purchases, and presenting the case to the appropriate company executives for making the recommended changes
  • Supporting loss control and risk assessment functions in the company's business areas and ERM program 
  • Interacting with ERM and other risk management functions to help assure that risk trends are identified and acted upon, as appropriate.

Qualifications

Minimum Requirements:

  • B.A./B.S. in finance, insurance, risk management, loss control engineering, or other relevant discipline.
  • Ten years of work experience in risk finance and insurance, at least 5 of which must have been as a property/casualty broker or underwriter.

Desired Requirements and Experience:

  • Relevant master's degree in finance, insurance, risk management, or loss control engineering, or MBA or JD
  • Fifteen years of work experience in risk finance and insurance, including at least 10 years as a property/casualty broker or underwriter
  • Associate in Risk Management (ARM), Chartered Property Casualty Underwriter (CPCU), or Certified Safety Professional (CSP) designation

Comments:

  • Candidates for this position must be legally authorized to work directly as employees for any employer in the United States without visa sponsorship.

  • This position is eligible for relocation.

Southern California Edison, an Edison International (NYSE:EIX) company, serves a population of nearly 14 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California. Join the utility leader that is safely delivering reliable, affordable electricity to our customers for over 125 years.

Southern California Edison is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Edison International is an Equal Employment Opportunity employer (EEO).  If you require special assistance or accommodation while seeking employment with Edison International, please call Human Resources at (800) 500-4723, and choose option 3 for the Employee Information Center. Representatives are available Monday through Friday, 8 a.m. to 4 p.m., Pacific time, except Wednesdays when the center closes at 2:30 p.m., and holidays, or (800) 352-8580.  (Telecommunications device for the hearing impaired - TTY

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Contact

Edison International

2244 Walnut Grove Ave

Rosemead

California United States

www.edison.com


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