Manager of Risk Management

Nabors Industries, Ltd. - Houston, TX

Full-time - Manager

Houston, TX

Support Activities for Mining

About the position

The Manager of Risk Management at Nabors Industries is a pivotal role that supports the strategic development, implementation, and effective administration of all corporate global risk management programs. This position is designed for individuals who are skilled and knowledgeable, ready to work in a fast-paced environment to deliver top-notch solutions that cater to business needs. The Manager will be responsible for supporting insurance renewals, managing claims, and collaborating closely with the business and the Director of Risk Management on various insurance-related initiatives. This includes identifying, measuring, and managing risks, developing reports and plans, and analyzing risk and insurance problems to optimize future operations. In this role, the Manager will facilitate the procurement of insurance, including renewals and new placements, and manage related in-house services such as invoice approval and payment processing. The position also involves the procurement of surety bonds and managing insurance captive programs. The Manager will oversee insurance claims management, service provider relationships, and act as a liaison with legal counsel. Additionally, the role requires advising on risk mitigation strategies, evaluating insured claim accruals, and supporting corporate property and casualty insurance programs. The Manager will also be responsible for developing proactive risk management techniques, conducting operational audits, and supporting the development of overall corporate risk management strategies. This includes overseeing investigations of incidents that may result in asset loss, approving reserves for claims exposures, and directing personnel to ensure that projects and tasks are completed efficiently. The role requires strong leadership and communication skills, as well as the ability to manage multiple projects and meet strict deadlines.

Responsibilities

• Support the strategic development and implementation of corporate global risk management programs.
• Facilitate the procurement of insurance and related in-house services, including invoice approval and payment processing.
• Manage the procurement of surety bonds and related services.
• Oversee insurance claims management and related activities, including mediations.
• Maintain service provider/vendor relationships and negotiate service agreements.
• Advise on risk mitigation strategies and insured claim accruals.
• Support corporate property & casualty insurance programs, including renewal processes and claims management.
• Conduct contract reviews to ensure compliance with insurance programs.
• Develop proactive risk management techniques, such as operational audits.
• Oversee investigations of incidents that may result in asset loss.
• Approve reserves for claims exposures and communicate with underwriters and internal accounting managers.
• Direct personnel to ensure project completion and resource allocation for the marketing department.

Requirements

• Bachelor's degree in risk management or a related business field or equivalent relevant work experience.
• 5+ years of progressive experience in global Risk Management and Claims Management for an organization with international operations.
• Experience in managing the placement of insurance in both domestic and international markets.
• Experience with managing insurance claims and adjustments.
• Experience in preparing renewal submissions and underwriter audits.
• Experience in resolving physical damage claims and addressing disputed insurance coverage issues.
• Experience with contract negotiations and project management.
• Excellent analytical and quantitative skills.
• Considerable knowledge of risk management principles and practices in the Oil & Gas Industry.
• Ability to interpret financial statements and reports.

Nice-to-haves

• Bilingual (preferably Spanish, French, or Portuguese).
• Associate in Risk Management (ARM) certification.
• Associate in Claims (AIC) certification.
• Risk and Insurance Management Certificate (RIMS).
• Adjuster - All Lines certification.
• Working experience in the offshore drilling industry or with an oil-related service company.