Skills: Financial Analyst
Experience: 10 + Years
Education: Bachelors/3-5 yr Degree
Location: Houston, TX, US
In order to apply for this position, applicants MUST meet the following criteria. If your resume does not match these criteria, you will not be able to apply for this position.
26672BR MOTIVA Risk and Insurance Manager (Houston, TX) United States Houston, TX Motiva Enterprises is on a journey to become the safest and most profitable downstream company in the U.S. More than 3,700 dedicated professionals comprise the 50/50 joint venture between Shell and Saudi Aramco. Motiva has refineries located in Convent and Norco, Louisiana and Port Arthur, Texas with combined capacity of over 1 million barrels per day, making it the third largest manufacturing company in the Americas. A strategic distribution network of product terminals across the eastern and southern parts of the U.S. delivers quality gasoline and petroleum products to nearly 8,300 Shell-branded retail outlets. Be part of a dynamic and nimble organization where your talents are rewarded and your efforts make a difference in the company’s performance.
As announced on March 16, Motiva’s owners have signed a non-binding Letter of Intent to separate the assets and businesses of the joint venture. Saudi Aramco publicly stated at that time Motiva will be set up as an autonomous integrated downstream affiliate. As such, Motiva remains committed to managing its current business and preparing the organization to function as a stand-alone entity. Motiva is seeking talented professionals who want to make a difference in the company and the industry.
The Risk and Insurance Manager is a senior position with the authority to make decisions on risk management issues affecting the organization. The position will be accountable for achieving strategic risk management objectives as communicated by management, ensuring effective management of hazard (typically insurable) risk throughout the organization, and supervising, leading and/or directing key risk stakeholders. The successful candidate will own the process of identifying, measuring and managing insurable or hazard risks, developing reports and plans, analyzing risk/insurance problems, defining and overseeing implementation of the risk solutions that help to optimize operations. This position will also manage the Risk & Insurance Advisor.
Directing the risk management process: Including risk identification, risk quantification, risk control, risk retention and risk transfer. The main activities include purchase of insurance programs, management of claims and loss control activities, management of relationships with service providers including brokers, insurers and other third party administrators, preparing loss analyses and budgets, identifying exposures, recommending risk management solutions, implementing approved programs, promoting loss prevention, updating and monitoring compliance with insurance procedures and managing risk management/loss control/loss prevention manuals.
Risk Identification and Quantification: Responsibilities include facilitating the identification of risks throughout the organization, developing, reporting and monitoring formats on risk management issues and developing methodologies for the assessment of risks.
Risk Control: Directs risk engineering survey program to assess effectiveness of risk control practices and recommends improvements where gaps are identified. Estimates maximum risk exposures, and performs valuation of assets on replacement cost basis.
Insurance Procurement: Responsible for all aspects of corporate insurance programs, including compilation of underwriting information and coverage placement, loss forecasting and analysis to assist in loss reduction.
Contractual Allocation of Risk Management: Work with Legal to establish MOTIVA corporate standards for allocation of hazard (insurable) risks in contracts and counterparty insurance requirements and maintains the Motiva standards for risk allocation in a manual with guidance materials. Review liability/indemnity and insurance clauses in contract templates when requested by Legal to confirm that the contractual language adequately addresses Motiva risk allocation requirements. Provide advice to the Business/CP/Finance when requested in achieving compliance in respect of liability/indemnity/insurance clauses where they have been unable to independently resolve using available reference materials. Assist in resolving and escalating deviations from standards where necessary.
Business Continuity: Leads corporate wide contingency planning (business continuity) efforts. Establishes a framework and methodology for completion of contingency plans by internal business units. Coordinates training, communication, and testing of plans.
Claims: Responsible for claims reporting, investigation, and analysis; litigation management; claim resolution/settlement; and the delivery of claim information. Understands and communicates claims management philosophy and strategy to business unit and regional management. Builds, maintains, and manages relationships with claims adjusters, insurers, outside legal counsel, and other claims related parties. Ensures external reporting requirements are met. Responsible for operational effectiveness of claims management processes.
Motiva’s existing corporate insurance program consists of:
- Onshore Property Damage Insurance
- Construction All Risk Insurance Floater
- Marine Cargo Insurance
- Workers’ Compensation Insurance
- Auto Liability Insurance
- Primary General Liability Insurance
- Umbrella/Excess Liability Insurance
- Director’s and Officer’s Liability Insurance
- Employment Practices Liability Insurance
- Owner Controlled Insurance Program
- Aviation Liability Insurance
- Surety Bonds
- Must be a U.S. Citizen, or hold a valid work visa that does not require sponsorship in order to legally work full-time in the United States
- Bachelors degree required, MBA preferred
- Minimum 10+ years Risk & Insurance Industry experience preferred
- Strong understanding of Contractual Allocation of Risk Management principles and application (CARM)
- Oil & Gas Industry Downstream experience preferred
- Experience working with Captive insurance placement/relationships/methodologies
- Professional accreditation preferred (IE. Associate in Risk Management, etc.)
- Highly developed analytical skills required
- Strong written and oral communication skills required
- Works effectively with wide range of internal and external stakeholders
- Detail orientated and a self-starter with an enthusiastic attitude
- Strong interpersonal skills and evidence of team leadership abilities.
- Proficiency in managing multiple diverse projects and tasks in a dynamic environment is expected
- Prior supervisory experience preferred
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