• Enterprise Risk Manager

    Location Valley Forge
    Posted Date 3 months ago(3 months ago)
    Job ID
    2018-3005
    # Positions
    1
    Category
    Management
  • General Position Summary

    Responsible for PJM’s comprehensive risk management and risk transfer / insurance programs.
    • Responsible for all insurance matters and interfaces. Ensures risk transfer program is commensurate with PJM targeted liability profile.
    • Responsible for and provides advice and counsel for all fortuitous loss risk control programs.
    • Responsible for and consults and partners with PJM executive management to accomplish PJM’s enterprise risk management program and performs enterprise risk assessments as prudent or otherwise directed
    • Responsible for the identification and effective transfer of risk through contractual or other means. Partners with impacted personnel and departments to provide counsel regarding indemnification, insurance, and liability issues in leases, contracts, agreements, governing documents, corporate policies and procedures.
    • Provides counsel and actively participates in PJM’ business continuity planning efforts.

    Essential Duties and Responsibilities

    • Designs, procures and maintains PJM’s insurance program and coverage and prepares proposals for the purchase of insurance to brokers and insurers; negotiates insurance policy terms and conditions with brokers and insurance companies. Confirms that issued insurance policies conform to agreed-upon premiums, terms and conditions.
    • Makes judgments and takes actions to secure varied types of insurance coverage for company activities and related exposures ensuring that company’s loss exposure is not unduly elevated. Reviews insurance certificate requests (1st and 3rd party) and follows up on any discrepancies with appropriate personnel (i.e., building owner, company management, vendors, etc.).
    • Evaluates risk and data concerning the PJM enterprise for submission to insurance carriers. Ensures that PJM activities that fall under the jurisdiction of FERC approved governing documents and also PJM activities that fall outside FERC jurisdiction are afforded suitable coverage. Determines and reports appropriate ratables - workers’ compensation wages, revenue, property values/locations, auto inventory, etc., for insurance purchases and or renewals. Reviews and analyzes data for accuracy to ensure lowest possible insurance rates.
    • Compiles company and management information, pending litigation, director and officer information to support Director/Officer Liability applications and other policy applications renewals (i.e., Excess Liability, E&O, D&O, etc).
    • Coordinates underwriting meetings and presentations as prudent to convey a positive risk profile of PJM.
    • Serves as an advocate for PJM and is responsible to interface with all insurance company personnel and is the liaison between PJM and its insurers and brokers as pertains to all insurance matters. Accompanies insurer loss control personnel on all inspections of PJM locations. Coordinates PJMs response to all insurer recommendations for improved loss control measures.
    • Monitors, maintains and reviews all incoming claims and/or notices received. Prepares timely loss notices to insurers as required. Reviews and approves insurer payment of claims, takes proper steps to expedite closing of claims. Ensures that any loss that is suitable for subrogation (insured or not) is recovered and does not have adverse financial impact. Supports PJMs Law Department in the defense of any complaints suits or claims.
    • Mentors others within the organization concerning loss control efforts. Maintains loss prevention files, including insurance reports, and contractual documents. Provides ergonomic analysis and assistance to PJM employees.
    • Reviews and provides suitable language for all contracts, leases, agreements and governing documents wherein associated risk warrants review and control measures. Has a solid understanding of legal concepts and implications of contract language. Serves as a resource to assess new or proposed PJM activities that may involve adverse risk.
    • Prepares for and administers quarterly meetings of the Enterprise Risk Management Steering Committee. Performs enterprise risk assessments of the PJM enterprise as warranted or directed. Consolidates, analyzes and prepares associated reports for Senior Management. Participates in the North American ISO/RTO Enterprise Risk Management Committee (NAIREC).
    • Actively participates with PJM BCP programs and is a member of the BCP Incident Response Team (IRT) and the Kidnap Ransom and Extortion (KRE) team. Is the BCP liaison for the PJM’s Finance Division. Provides consultation and participates in all drills and exercises.

    Characteristics and Qualifications

    Required

    • BS, Business Administration, Economics, Finance and Statistics or equivalent work experience
    • At least 5 years of experience
    • 2+ years of leadership experience in a managerial/supervisory role.
    • At least 10 years of experience


    Preferred

    • MBA, Business Administration
    • 5-10 years of leadership experience in a managerial/supervisory role
    • Ability and desire to build relationships and interact with a wide range of stakeholders and staff to maintain and enhance PJM’s customer service reputation
    • Experience with PJM operations, markets, and planning functions

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