POSTING DEADLINE
This position is posted until filled.
DEPARTMENT
Department: Financial Management
PREFERENCES
Specifically, this position requires a certification (must be one of the certifications below).
- Associates Risk Management (ARM)
- Chartered Property Casualty Underwriter (CPCU), or
- RIMS Certified Risk Management Professional
JOB DESCRIPTION
Manager, Insurance
Salary Grade: G04
Minimum Midpoint Maximum
$99,778 - $134,699 - $169,622
Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check
SUMMARY:
Manages the corporate insurance function, including insurance structuring and implementation of financial risk transfer mechanisms. Manages financial risk including market risks and compliance, credit and enterprise risks.
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ESSENTIAL DUTIES AND RESPONSIBILITIES:
- Establishes and maintains broker/insurer relationships to align the company's exposure profile with competitively priced insurance products
- Manages insurance contractual risk transfer for a wide variety of construction, generation, transmission and distribution, and business contracts
- Manages the negotiation and renewal of various insurance and brokerage contracts
- Manages self-insurance program, claims reserves, and allocation processes
- Oversees the processes to ensure compliance and governance processes are in place and meet needs for effective transfer of information
- Responsible for keeping abreast of insurance industry developments and the application of such in the companys insurance program.
COMPETENCIES:
- Understands and applies best practices with respect to risk management internal controls and risk reporting
- Advanced knowledge of insurance, risk controls, enterprise risk, and risk mitigation strategy
- Advanced knowledge of insurance products, coverage, markets, industry issues, fiduciary and liability issues, regulation, loss control, and risk aversion
- Ability to utilize fundamental engineering principals to evaluate technical materials and documents for generation and transmission and distribution facilities
- Ability to design and implement risk management projects involving integration with multiple business and operating units
- Ability to apply risk control theories to create risk action plans that mitigate exposures through mechanisms of risk transfer, prevention, and reduction
- Ability to utilize applied statistics for practical application to financial and risk problems
- Strong project management skills
- Action-oriented, detail-oriented, goal-oriented, and budget-oriented
QUALIFICATIONS
MINIMUM EDUCATION AND/OR EXPERIENCE:
- Bachelors degree from a four-year college or university with seven to nine years of related experience, or equivalent combination of education and/or experience related to the discipline.
- Masters Degree is preferred
SUPERVISORY RESPONSIBILITIES:
- Hires, trains, evaluates, rewards, motivates and terminates employees. Designs, organizes, prioritizes, schedules, and leads work assignments. Fosters good working relationships with various groups.
COMMUNICATION SKILLS:
- Ability to interpret a variety of documents furnished in written, oral, diagram, schedule, and legal, and contractual formats
- Ability to read, analyze, and interpret business periodicals, professional journals, financial reports, and legal documents
- Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization
MATHEMATICAL SKILLS:
- Ability to comprehend and apply advanced principles of calculus, modern algebra and advanced statistical theory
COMPUTER SKILLS:
- Advanced knowledge of word processing, spreadsheet, and database software
ANALYSIS AND PROBLEM-SOLVING ABILITY:
- Ability to apply principles of logical, strategic, critical and scientific thinking to a wide range of intellectual and practical problems. Ability to solve practical problems and deal with a variety of variables in situations where only limited or no standardization exists.
DECISION MAKING:
- Understands and utilizes decision theory to create strategic and tactical support documents for stakeholders. Demonstrates solid judgment when analyzing problems and makes difficult choices under uncertain conditions in dynamic environments with many variables.
SCOPE AND IMPACT:
- Accountable for decisions and activities that have a high potential for making a significant financial impact on the company's risk profile. Risk budget, which is coordinated with senior management, seeks to mitigate exposures which can have financial impacts in the hundreds of millions of dollars.
TXNM Energy, Inc.
Albuquerque
New Mexico United States
www.txnmenergy.com
