Senior Insurance Analyst
Algonquin Power & Utilities Corp.
Oakville, ON, Canada
6d ago

Our vision is to be the utility company most admired by customers, communities and investors for our people, passion and performance.

Purpose

The Insurance department is responsible for implementing and managing advanced insurance programs that support strategic priorities and demonstrate effective compliance and corporate governance to its stakeholders.

Reporting to the Director, Insurance, this is a highly visible position that involves close interaction with a wide range of internal and external stakeholders and business partners.

The person acting in this role provides support to key insurance management initiatives which includes the management of the organization’s insurance program.

Key objectives include :

1. Support Director, Insurance, in managing and maturing the organization’s Insurance framework

2. Effectively manage and drive continuous improvement within the organization’s insurance program

Accountabilities

  • Act as a champion of insurance risk management helping to build a strong risk focused culture across the organization
  • Supports insurance underwriting and renewal activities for Algonquin and its group of companies. Obtain, organize and present insurance underwriting data to accommodate operating requirements or changing strategies
  • Supports management of contractual insurance requirement standards. Provide communication, training and guidance to the Procurement, Business Development, Legal and Compliance Departments on contractual insurance requirement and surety bond issues.
  • Corresponds with and coordinates activities with insurance brokers in Canada, US and Caribbean
  • Coordinates insurance related underwriting for acquisitions of new entities, assets and new construction projects in North America and outside
  • Manages certificate of insurance requests
  • Maintains and audits Statement of Values collaborates with finance and operations teams to ensure current values are reflected and changes in data are updated at least quarterly
  • Responds to insurance related inquiries from internal groups, lenders and suppliers / contractors
  • Analyze and understand insurable risks and potential risk mitigation opportunities; act as liaison between operational and procurement groups, management, brokers and vendors to ensure coordination between project activities, exposures, and appropriate insurance coverage, to ensure risk transfer mechanisms in contracts are optimal, considering the nature of services provided
  • Work with insurers, EHS, operations and technical services on identifying opportunities for loss control
  • Deliver on special projects as needed within the Insurance Department
  • Review insurance policies and endorsements for accuracy and completeness. Ensure any policy changes are corrected and documented property.
  • Maintain up to date insurance data, records, policies of insurance and related documents

  • Supports the preparation of monthly, quarterly and annual risk reports for various committee and board reporting. Assist in preparing loss analyses and budgets and in determining ways to reduce the company’s total cost of risk.
  • Continually audit and monitor effectiveness of programs to avoid / minimize losses and maximize protection afforded by risk transfer programs while minimizing long term cost.
  • Collaborates with Enterprise Risk Management department to actively identify, analyze, and monitor risks within the internal and external environment
  • Develop and implement strategies to avoid risk of loss or, where unavoidable, minimize the impact of losses that do occur.
  • Manage loss control engineering services of brokers and insurers. Negotiate insurers’ loss control requirements while representing the needs of Algonquin Power & Utilities’ facilities and operations management.

  • Oversee claim management efforts (workers’ compensation, general liability, automobile liability, builder’s risk) to include oversight of third party administrators, brokers, insurers, and interaction with counsel.
  • Maintain accurate records of incident reports / claims on internal claims system, monitors claims to ensure timely and appropriate closure, coordinate and lead quarterly claim calls.
  • Generate data for claims presentation and analysis.

  • Apply industry best practices measures to ensure program quality and benchmark results.
  • Education & Experience

    Minimum 5-8 years’ experience working within the insurance and risk management department of a major corporate enterprise.

  • Experienced in the development, negotiation, implementation and management of complex insurance programs (Power and Utilities, renewable energy industry experience would be strong asset)
  • Working knowledge of insurance and contractual documents reviews
  • Experience with international insurance placements would be an asset
  • Excellent analytical, organizational, interpersonal, verbal and written communication skills to effectively engage key stakeholders and support risk management initiatives
  • High level of competency utilizing common computer software programs such as Microsoft Word, Excel and PowerPoint
  • Excellent time management skills
  • Ability to work independently
  • Ability to work in team environments and with remote team members
  • Ability to work in a fast-paced rapidly changing environment with competing deadlines
  • Excellent written and oral communication with the ability to present to all staff levels including management
  • B.A. Risk Management, Insurance, Finance, Business Management or related field.
  • Risk Management Certification / Designation CIP, CRM
  • MBA; CMA : CA : CGA designations desirable
  • Algonquin Power & Utilities Corp is a North American diversified generation, transmission and distribution utility with $10+ billion of total assets.

    APUC) delivers continuing growth through an expanding pipeline of renewable energy development projects, organic growth within its regulated distribution and transmission businesses, and the pursuit of accretive acquisitions.

    The distribution business group (Liberty Utilities) provides rate regulated water, electricity and natural gas utility services to over 750,000+ customers in the United States.

    The transmission business group invests in rate regulated electric transmission and natural gas pipeline systems in the United States and Canada.

    The generation business group (Liberty Power, formerly known as Algonquin Power) owns a portfolio of regulated and long term contracted North American based wind, solar, hydroelectric and thermal powered generating facilities representing more than 1.

    5+ GW of installed capacity.

    What we offer

    Collaborative environment with a genuine flexible working policy

    Share purchase / match plan

    Defined Contribution savings plan

    Top Talent Program

    Volunteer paid days off

    Employee Assistance Program

    Achievement fund

    Free parking, including free electrical charging

    We are focused on building a diverse and inclusive workforce. If you are excited about this role, and are not certain you meet the all the qualification requirements, we encourage you to apply to further investigate the opportunity.

    We are an equal opportunity employer and value each person’s unique background, diversity, experiences, perspectives and talents.

    Full participation of all employees in a safe, healthy and respectful environment is key to individual and company success.

    We are committed to fully utilizing the abilities of all of our employees and expect each of our employees to honor this commitment in their daily responsibilities.

    As part of our commitment, we work to ensure our application process is accessible to all candidates. If you require special assistance or accommodation during the hiring process, please notify the Talent Acquisition Team.

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