Responsible for the planning, analysis, project management, administration, reporting and monitoring of NRECA’s insurance portfolio and other enterprise-wide risks. Performs risk mapping analysis to ensure risks are adequately mitigated through strategic management of policy renewals to protect NRECA’s complex business lines. Serves as the main point of contact with insurance brokers, underwriters, and staff regarding policy coverage and managing claims. Leads teams, to develop, implement and test controls for critical enterprise risks: business continuity planning (BCP) and disaster recovery (DR), records retention management and other enterprise-wide risks as requested.
Essential Duties and Responsibilities:
Identifies NRECA’s risk exposures, evaluates insurance policies to mitigate defined risks and maintains, enhances and procures insurance policies.
Prepares insurance policy applications (25+ annually) and supporting documentation by required deadlines in condulation with a variety of teams.
Works with insurance brokers to strategically market and negotiate NRECA’s insurance program to ensure appropriate policy limits, insurance costs are competitive and the policies terms, conditions and exclusions are favorable.
Performs annual gap-analysis with the insurance broker to evaluate NRECA’s insurance program strategically, identifying any emerging risks and to identify potential gaps in coverage.
Serves as the central point of contact for all insurance questions, including coverage, exclusions, and claims with the contract legal team and the insurance broker.
Provides necessary coordination and action in filing timely notice of claims with insurance companies and providing appropriate information and answering requests to and from insurance claim examiners.
Prepares and presents insurance coverage information at board meetings.
Develops insurance budgets, including detailed cost center analysis and pays all insurance invoices.
Subject matter expert who provides tools, guidance and training to NRECA departments to administer enterprise risks and insurance claims.
Collaborates and oversees the development, implementation and testing of BC/DR plans for NRECA, including serving as the liaison with Information Technology.
Writes reports summarizing testing activities, including descriptions of goals, planning, scheduling, execution, results, analysis, conclusion and recommendations and presents to NRECA management for review and decisions.
Schedules and performs periodic risk assessments along with business impact analysis (BIA) for BCP/DR and presents finding to management for review and actions.
Manages and monitors NRECA’s record retention schedule to reflect current business practices and regulatory requirements.
Direct Reports to this Position:
Formal Education Required:
B.S. in Business, Risk Management or other related field
Experience and Certifications Required:
5+ years of insurance portfolio management experience for a complex organization.
Certified Risk Manager (CRM) or Associate Risk Management (ARM) designation or ability to obtain within the first year of employment
Knowledge, Skills and Abilities Required:
Ability to be persuasive, negotiate, and collaborate with individuals at all levels inside and outside of the organization as demonstrated by prior work experience.
Ability to work with a wide variety of people to foster cooperation in sharing information and embracing new or enhanced risk activities as demonstrated by prior work experience.
Ability to lead people and foster collaborative skills and consensus building while operating in a fast-moving environment as demonstrated by prior work experience.
Ability to exercise judgment and discretion in the execution of all duties and responsibilities as demonstrated by prior work experience.
Ability to manage multiple projects and deadlines using effective organization skills and attention to detail as demonstrated by prior work experience.
Ability to be resourceful in leveraging resources available to obtain needed information as demonstrated by prior work experience.
Ability to use Microsoft Office tools (Excel, Word, Outlook, Power Point, Teams) in the day-to-day essential duties of the job as demonstrated by prior work experience.
Ability to communicate, both verbally and in writing, with a diverse membership, employees and/or vendors in a clear and precise manner as demonstrated by prior work experience.
Ability to operate various office equipment such as personal computer, copier, printer, fax machine, 10-key adding machine, and multiple line telephone as demonstrated by prior work experience.
Ability to provide service excellence by building relationships, being resourceful, responsive and respectful as demonstrated by prior work experience.
Essential Physical Requirements:
The worker is required to have close visual acuity to perform an activity such as: preparing and analyzing data and figures; transcribing; viewing a computer terminal; extensive reading.
Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to move objects. If the use of arm and/or leg controls requires exertion of forces greater than that for sedentary work and the worker sits most of the time, the job is rated for light work.
Disclaimer Statement: The preceding job description has been written to reflect management’s assignment of essential functions. It does not prescribe or restrict the tasks that may be assigned.
About National Rural Electric Cooperative Association
The National Rural Electric Cooperative Association (NRECA), with offices in Arlington, VA and Lincoln, NE is the trade association for over 900 consumer-owned electric cooperatives serving more than 42 million people. NRECA is committed to harnessing the strength of America’s electric cooperatives into a single powerful voice. NRECA has won the following awards over the past few years:
• Top Workplace by the Washington Post
• 100 Best Places to Work - ComputerWorld Magazine
• 50 Best Places to Work - The Washingtonian
• CARE Award Recipient - Recognizing organizations that promote a positive work-life balance
• Best Place to Work Award Recipient - Lincoln, NE
• Gold Well Workplace - Wellness Councils of America
• State of NE Governor's Wellness Award - Grower Level
At NRECA, we work with people who are leaders in their fields. They are down-to-earth, hardworking professionals committed to helping our members serve their communities. Our work is interesting, constantly evolving, and requires new skills to meet the evolving needs of a dynamic industry. In this collegial, inclusive work environment, united around the compelling purpose and history of electric coope...ratives, we thrive. And topping it off, NRECA cares about each person’s overall well-being, encouraging health, financial security, and a sustainable work/life balance. EEO/AA- M/F/Disability/Protected Veteran Status/Genetic Data