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Lead Analyst - Insurance

Company:  AVANGRID MANAGEMENT COMPA
Location: 

Orange, CT, US Portland, ME, US

Company

Company

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies - a list of America's best corporate citizens - and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com

 

 

Purpose

Under the direction of the Director of Insurance and Risk, this position is involved in all aspects of the oversight, management, structure, design (financial and other) and negotiation of Corporate Insurance and Risk Financing Programs related to Casualty and Liability Lines of Insurance. Candidate must be able to analyze contracts (services, supply, construction, financing), contract structures, implications of related clauses.  Must have the ability to work independently, have a background in Casualty/Liability Claims and Claims Management with knowledge of claim reserve setting, valuation and impacts on financial reporting.  Candidate must process in-depth knowledge of insurance policy/contract structures, tort law and meanings and intent of insurance and legal principles. These same abilities will also carry-over to the execution of capital projects.
 

Responsibilities

Analysis:
1.Maintains a working and current knowledge of legal, regulatory and competitive market environment influencing the price and availability of insurance and related, risk management solutions - makes recommendations to Director, Corporate Insurance and Risk
2.Review of contracts (supplies, works, services, financing, etc.) and issuance of recommendations on risks and insurance
3.Identification, analysis, quantification and monitoring of casualty risks.   
4.Identification of new and developing risk to Company and/or its operations
5.Preparation of reports and analysis with respect to all aspects of Corporate Insurance and Risk – Including Casualty/Liability Reports to Sr. Management


Program Placement and Administration

1.Responsibilities will also include leading the annual renewal of Casualty/Liability Insurance Programs (including the preparation and submittal of renewal applications and data), management of those programs and other related functions.  
2.Prepare annual submittal of renewal applications and data – management of process and coordination with Brokers
3.Interact with Brokers, Consultant and Insurance Carrier Underwriters and/or Executives.

Casualty Liability Claims Management

1.Monitors and reports on loss trends, reserve development and monthly/quarterly reports to AVANGRID Accounting with respect to open Casualty Claims
2.Coordination of internal and external teams Claim Teams including Brokerage Consultants and Adjusters
3.Coordinate with Legal regarding Claim Management Strategies, updates and coordination with External Adjusters, Legal Advisors and Experts

Other:
1.Coordinates and Participate in Loss Control Audits performed by Liability Insurers - and related activities
2.Prepare rate case forecasts and documentation  
3.Responsible for the Coordination of Capital and Business Development Projects as pertains to Insurance and Risk – from Pre-Construction to Operation 
 

Competencies

  • Be a role model
  • Be agile
  • Collaborate and Share
  • Develop Self & Others
  • Empower to grow
  • Focus to achieve results
  • Technical Skills

Skills and Requirements

•Candidate must demonstrate that they are professionally mature and understand importance of role 
•Must have excellent interpersonal skills, coupled with analytical competence 
•Must possess the ability to work and think independently; must also take direction and be proactive.
•Must be organized and be able to manage multiple assigned tasks/projects and complete assignments within specified deadlines.
•Communicate effectively verbally and in writing to all levels of staff and management, outside officials and agencies, and the public, expressing ideas and instructions clearly and concisely.

EXPERIENCE/TRAINING:
•Minimum of 5 years of proven experience in Casualty/Liability Insurance/Risk Management or Claims.
•Brokerage or related Experience Placing/Negotiating Insurance Program Renewals involving large complex risk exposures, insurance terms and financial structures    
•Working knowledge of PC applications and mainframe databases/systems (Word, Powerpoint, Excel, 

REQUIRED EDUCATION:
•Bachelor’s Degree in Business, Finance, Risk, Law or a related field 

•Must be willing to travel as position requires.
 

Mobility Information

Please note that any applicant who is not a citizen of the country of the vacancy will be subject to compliance with the applicable immigration requirements to legally work in that country

 

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Avangrid employees may be assigned a system emergency role and in the event of a system emergency, may be required to work outside of their regular schedule/job duties. This is applicable to employees that will work in Connecticut, Maine, Massachusetts, and New York within AVANGRD Network and Corporate functions.  This does not include those that will work for Avangrid Renewables

AVANGRID’s employment practices and policies are geared to hiring a diverse workforce and sustaining an inclusive culture. At AVANGRID we provide fair and equal employment and advancement opportunities for all employees and candidates regardless of race, color, religion, national origin, gender, sexual orientation, age, marital status, disability, protected veteran status or any other status protected by federal, state, or local law. Learn more about equal employment by following this link

If you are an individual with a disability or a disabled veteran who is unable to use our online tool to search for or to apply for jobs, you may request a reasonable accommodation by contacting our Human Resources department at 203-499-2777 or careers@avangrid.com

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