[Hiring] Director, Insurance and Enterprise Risk Management @TerraPower

Role Description

TerraPower is seeking a highly talented and motivated candidate for the position of Director, Insurance and Enterprise Risk Management. This role will report to the Associate General Counsel, Legal. The Director, Insurance and Enterprise Risk Management, is responsible for proactively managing TerraPower’s company insurance programs, managing and advising on project-specific insurance, and ensuring that TerraPower responsibly manages business risk through effective claims prevention and management.

Responsibilities

• Insurance Program Management:
  • Manage TerraPower’s corporate and project-specific lines of insurance, including corporate property and casualty, financial and professional liability, project-specific insurance placements (e.g., builder’s risk; OCIP/CCIP), and other lines of coverage.
  • Partner with finance to manage TerraPower’s surety program, including bonding capacity, surety relationships, collateral requirements, and indemnity obligations.
  • Function as a subject matter expert on US and international nuclear liability frameworks and nuclear insurance policies.
  • Manage insurance broker relationships and partner with TerraPower’s insurance broker to develop placement strategies, negotiate coverage terms, manage claims, and issue certificates of insurance.
  • Work collaboratively with TerraPower engineering teams and environmental health, and safety (EHS) stakeholders to evaluate and implement loss control measures.
  • Evaluate, develop, and/or implement alternative risk transfer programs and/or specialty insurance products as needed.
  • Provide continuous analysis of TerraPower risk appetite, risk bearing capacity, and risk sharing standards during insurance placements and renewals.
  • Collaborate with legal, procurement, and contracts teams to negotiate vendor, customer, and other commercial contracts.
  • Ensure TerraPower administers its lines of insurance in accordance with applicable policy terms, conditions, and claims reporting requirements.
• Enterprise Risk Management (ERM):
  • Manage the taxonomy and governance of the ERM program.
  • Oversee annual enterprise risk assessments.
  • Develop and refine enterprise risk appetite and tolerances.
  • Provide executive reports on the ERM program to the ERMC Committee and Board Audit Committee.
• General:
  • Coordinate and implement effective risk management and insurance program process improvements.
  • Develop and conduct training and education programs and materials.
  • Work with other internal programs and departments to enable an integrated risk management program.
  • Other duties as assigned.

Qualifications

• Bachelor’s degree in a business or risk-management-related field, or an equivalent combination of education and experience.
• 10+ years of relevant insurance-related experience (general liability strongly preferred), with at least 3 years as a corporate risk manager (preferred).
• Applicable experience in nuclear energy, nuclear pharmacy, construction or utilities sectors, or insurance brokerage required.

Knowledge

• Expert knowledge of commercial insurance concepts.
• Practical and experience-proven knowledge of enterprise risk management and risk mitigation strategies.
• Knowledge of construction means and methods and industry-standard insurance policies and forms.
• Knowledge of claims management with progressive experience managing complex claims.
• Knowledge of contract provisions related to insurance.
• Expertise in data analysis and reporting.
• Understanding of the regulatory and administrative environment in which risk management issues are navigated.

Skills

• Highly skilled and efficient in organizing information.
• Strong decision-making/problem solving skills.
• Excellent analytic and reasoning skills.
• Strong interpersonal skills in working cross-functionally with other groups.
• Exceptional verbal and written communication needed for reporting to executive level management.

Abilities

• Resolve conflicts effectively.
• Communicate comfortably and effectively with diverse groups of people.
• Self-motivated, resourceful, and self-directed.
• Multitask in a fast-paced environment.

Licenses/Certifications

• Certified Risk Manager (CRM), Associate in Risk Management (ARM), Chartered Property & Casualty Underwriter (CPCU), Construction Risk and Insurance Specialist (CRIS) or similar certification preferred.

Job Functions

• Motor Abilities: Sitting for extended periods, bending/stooping, grasping/gripping, fine motor control (hands).
• Physical exertion and/or requirements: Minimal, with ability to safely lift up to 25 pounds.
• Repetitive work: Prolonged.
• Special Senses: Visual and audio focused work.
• Work Conditions: Stairs, typing/keyboard, standard and/or sitting working environment of >8 hours/day.
• Travel required: 0-10%.

Salary Range

$184,368 – $245,824. We typically place offers in the lower to middle portion of the range to maintain internal equity and allow room for growth.

Benefits

• Competitive Compensation.
• Comprehensive Medical and Wellness Benefits:
• Medical
• Vision
• Dental
• Life and Disability
• Gender Affirmation Benefits
• Parental Leave
• 401k Plan
• Generous Paid Time Off (PTO): 21 days of annually accrued PTO.
• Generous Holiday Schedule: 10 paid holidays.
• Relocation Assistance.
• Professional and Educational Support Opportunities.