Director, Risk Management

About the position

The position is responsible for the corporate insurance programs and related risk management activities of Entergy Corporation and its subsidiaries. This includes a Risk Engineering group (team of four engineers that cover fire protection and machinery operations (boiler/spinning /solar)) and relationship management with brokers, underwriters and mutuals.

Responsibilities

• Directs and manage a team of Risk Management and Risk Engineering professionals in the identification and analysis of all factors with the potential for causing financial or operational losses.
• Evaluates loss exposures and recommends the commercially reasonable limit of insurance and retention for the exposure.
• Analyzes property and casualty insurance needs and secures policies, including negotiating terms, conditions, and costs.
• Markets Entergy and its risks in the worldwide insurance markets, ensuring Entergy is seen in the most favorable light possible by underwriters.
• Actively leads participation in and represents Entergy's interests in the mutual insurance companies in which Entergy is a member.
• Monitors developments in the insurance and loss control field and their relevance to the Company.
• Directs the development of risk engineering/loss control standards for design, inspection, testing and operation of systems to minimize property damage and threat of fire and machinery breakdown.
• Responsible for the Entergy Owner Provided Insurance Program and the Entergy Captive Programs.
• Assists in the development of jurisdictional rate case testimony regarding insurance and claims and in some instances testifies in such cases.
• Ensures risk management policies, limits, and strategies are in compliance with applicable regulations, Engineering standards, and strategic priorities of the company.
• Conducts insurance and loss control due diligence for mergers, acquisitions and divestures.
• Provides risk management and risk engineering consultative services to operating divisions to assist them in achieving business results with a balanced approach to loss.

Requirements

• Bachelor's degree in Risk Management, Business, Finance, Engineering or related field.
• 10 years relevant work experience and prior management/supervisory experience required.
• Ability to Travel Required: Role reports to the Treasurer and requires substantial travel (30%-40%) to Company facilities, industry events and recurring marketing trips (including travel to Bermuda and London).
• Experience developing and implementing strategic policies and procedures.
• Ability to work effectively with senior executives.
• Experience managing technical personnel.
• Excellent written and oral communication skills.
• Thorough understanding of the regulated power utility business and risk associated with regulated utilities.
• Familiarity with power utility operational issues including transmission, distribution and power plant operations.
• Experience with risk analysis techniques.

Nice-to-haves

• Relevant Masters Degree (MBA, MS) preferred.
• Chartered Property & Casualty Underwriter (CPSU), Associate in Risk Management (ARM) and/or Professional Engineer (PE) designation preferred.