Director, Risk & Insurance

About the Company

Our client is Ontario’s largest electricity transmission and distribution service provider. They are looking for a Director, Risk & Insurance to join their team!

Why Work Here

• Innovative and inclusive company culture

Great work life balance

Excellent compensation package

About the Opportunity

Advise senior management of all potential sources of accidental loss. Supervise activities related to conservation of human, financial and physical assets.

Manage the organizations risk management department with the following goals :

Protect against financial loss resulting from :

Damage to company property

Liabilities for property damage or injury to members of the public

Maintain a proper balance among :

Loss retained

Risk control expenses

Claims adjusting costs

Insurance premium

Administrative costs

Contractual transfer

Support the Treasurer and CFO in responding to various special requests from the Audit, Finance and Pension Investment Committee on Risk and Insurance matters

Support the Treasurer in managing the company risk and insurance activities such as procurement of insurance, claims management, Contractual review and approval of claims payments

Support the Treasurer in insurance and risk management policies and procedures

Support senior management on corporate strategic initiatives related to risk and insurance matters for mergers, acquisitions, divestiture and new ventures

Provide the vision and strategic direction for the design, development, implementation and management of an insurance program for a publicly traded Company and its Stakeholders.

Under a custom incentive rate mechanism, develop long term insurance strategies to mitigate insurable loss exposure by balancing the cost of premium against the likelihood of losses.

Conduct periodic assessments and cost benefit analyses of insurance programs while evaluating non-traditional risk management tools such as : Captives; O.I.L.; Risk Financing Optimization etc.

Effectively communicate the company’s position on ESG to external parties (insurers, lawyers, adjusters and brokers). Ensure that the insurance program is appropriately aligned with the company’s ESG policies and targets

As new business ventures are explored and created, identify significant property and casualty risk exposures, and then design, develop and secure appropriate insurance coverage to minimize their impact on the Company’s total cost of risk.

Identify, recommend, implement process improvements resulting in efficiencies, and ultimately contribute to the company scorecard.

Manage the company’s risk and insurance matters related to due diligence requirements associated with mergers, acquisitions, divestitures, joint ventures and public offerings

Maintain on-going communications with the brokers and insurers providing them with business updates and notification of all significant events to ensure risk is well understood and appropriately priced by underwriters

Work independently and regularly interface with senior management and legal, providing counsel and advice on potential risks and liabilities on business contracts, projects, specific issues and initiatives, and recommending appropriate course of actions.

Prepare detailed submission packages and presentation material for the CFO, ELT and the Board (Governance and Audit Committees to assist them in fulfilling their mandates) as required, for all lines of business and corporate risks

Prepare notes and presentation material for senior management as per approval process

Work with ERM to facilitate the identification, assessment, and management of risks associated with major projects and strategic initiatives. Support the integration of risk mitigation and control methodologies into project management.

Support ERM in the preparation of semi-annual risk profile for the Chief Risk Officer to present to the Board of Directors, to help the President and Chief Executive Officer inform the Board of principal risks and status of plans to mitigate.

About You

Certified Risk Manager, Associate Risk Manager or Chartered Insurance Professional, designation

Bachelor's degree in finance, risk management or business administration

10-15 years experience in risk management, claims management and self-insurance plans.

5 years experience in a leadership role (managing people, process or projects)

Extensive understanding of insurance and claim processes, controls and analysis.

Progressive knowledge of insurance strategies.

Understanding of the energy industry and ability to bring relevant strategic recommendations to senior management.

Technical knowledge and background in insurance claims

Command of Microsoft Office products, including Outlook, Excel, Word and PowerPoint with superior presentation abilities.

Salary Range

170,000 - $180,000 / year

How to Apply

Click the “Apply Now” button and follow the instructions to submit your resume. Please know that we only accept documents in MS Word or Rich Text formats. When referencing this job, quote # 433199 .

You must currently reside within the Greater Toronto Area and be permitted to work in Canada to be considered for this opportunity. A recruiter will be in touch with you if your profile meets our client’s requirements for this role.

Vaco values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.

EEO Notice

Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.

Vaco LLC and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and / or to receive other benefits and privileges of employment, please contact [email protected] .

Vaco also wants all applicants to know their rights that workplace discrimination is illegal .

By submitting to this position, you agree that you will be giving Vaco the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.

Privacy Notice

Vaco LLC and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco”) respects your privacy and are committed to providing transparent notice of our policies.

California residents may access Vaco’s HR Notice at Collection for California Applicants and Employees here .

Pay Transparency Notice

Determining compensation for this role (and others) at Vaco depends upon a wide array of factors including but not limited to :

With that said, as required by local law, Vaco believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.