Manager, Insurance

POSTING DEADLINE

This position is posted until filled.

DEPARTMENT

Department: Financial Management

PREFERENCES

Specifically, this position requires a certification (must be one of the certifications below).

• Associates Risk Management (ARM)
• Chartered Property Casualty Underwriter (CPCU), or
• RIMS Certified Risk Management Professional

JOB DESCRIPTION

Manager, Insurance

Salary Grade: G04
Minimum Midpoint Maximum
$99,778 - $134,699 - $169,622

Given the financial nature of this position, this position has been defined as a position requiring a credit check. Prior to being hired, promoted, or transferred into the position, the candidate must successfully pass a credit background check

SUMMARY:

Manages the corporate insurance function, including insurance structuring and implementation of financial risk transfer mechanisms. Manages financial risk including market risks and compliance, credit and enterprise risks.

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ESSENTIAL DUTIES AND RESPONSIBILITIES:

Establishes and maintains broker/insurer relationships to align the company's exposure profile with competitively priced insurance products

Manages insurance contractual risk transfer for a wide variety of construction, generation, transmission and distribution, and business contracts

Manages the negotiation and renewal of various insurance and brokerage contracts

Manages self-insurance program, claims reserves, and allocation processes

Oversees the processes to ensure compliance and governance processes are in place and meet needs for effective transfer of information

Responsible for keeping abreast of insurance industry developments and the application of such in the companys insurance program.



COMPETENCIES:



Understands and applies best practices with respect to risk management internal controls and risk reporting

Advanced knowledge of insurance, risk controls, enterprise risk, and risk mitigation strategy

Advanced knowledge of insurance products, coverage, markets, industry issues, fiduciary and liability issues, regulation, loss control, and risk aversion

Ability to utilize fundamental engineering principals to evaluate technical materials and documents for generation and transmission and distribution facilities

Ability to design and implement risk management projects involving integration with multiple business and operating units

Ability to apply risk control theories to create risk action plans that mitigate exposures through mechanisms of risk transfer, prevention, and reduction

Ability to utilize applied statistics for practical application to financial and risk problems

Strong project management skills

Action-oriented, detail-oriented, goal-oriented, and budget-oriented

QUALIFICATIONS

MINIMUM EDUCATION AND/OR EXPERIENCE:

Bachelors degree from a four-year college or university with seven to nine years of related experience, or equivalent combination of education and/or experience related to the discipline.



Masters Degree is preferred

SUPERVISORY RESPONSIBILITIES:

Hires, trains, evaluates, rewards, motivates and terminates employees. Designs, organizes, prioritizes, schedules, and leads work assignments. Fosters good working relationships with various groups.

COMMUNICATION SKILLS:

Ability to interpret a variety of documents furnished in written, oral, diagram, schedule, and legal, and contractual formats

Ability to read, analyze, and interpret business periodicals, professional journals, financial reports, and legal documents

Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization

MATHEMATICAL SKILLS:

Ability to comprehend and apply advanced principles of calculus, modern algebra and advanced statistical theory

COMPUTER SKILLS:

Advanced knowledge of word processing, spreadsheet, and database software

ANALYSIS AND PROBLEM-SOLVING ABILITY:

Ability to apply principles of logical, strategic, critical and scientific thinking to a wide range of intellectual and practical problems. Ability to solve practical problems and deal with a variety of variables in situations where only limited or no standardization exists.

DECISION MAKING:

Understands and utilizes decision theory to create strategic and tactical support documents for stakeholders. Demonstrates solid judgment when analyzing problems and makes difficult choices under uncertain conditions in dynamic environments with many variables.

SCOPE AND IMPACT:

Accountable for decisions and activities that have a high potential for making a significant financial impact on the company's risk profile. Risk budget, which is coordinated with senior management, seeks to mitigate exposures which can have financial impacts in the hundreds of millions of dollars.

PHYSICAL DEMANDS:

Ability to sit up to 2/3 of the time and to stand, walk, and stoop up to 1/3 of the time. Good vision and ability to adjust focus is required. Manual dexterity is required. Must occasionally lift and/or move up to 15 pounds.

WORK ENVIRONMENT:

Office environment. Occasional travel may be required.

EQUAL OPPORTUNITY STATEMENT

Safety Statement:
Safety is a core value at (TXNM Energy/PNM/TNMP) and our vision, "everyone goes home safe", reflects our commitment to promoting an environment conducive to learning, improving and building safety practices. Our safety value is built upon the belief that every employee deserves to work in an environment free from harm.

Americans with Disabilities Act (ADA) Statement:
TXNM Energy is committed to providing reasonable accommodations for qualified individuals with disabilities in compliance with the ADA. If you require assistance with the job application process due to a disability, please contact HR ADA Analyst, at 505-241-4627.

DEI Statement:
At TXNM Energy, we value the diversity of our workforce and actively seek opportunities for incorporating Diversity, Equity, and Inclusion (DEI) within our family of companies. We believe a diverse workforce enriches our environment and helps us better meet the needs of our employees, customers, and shareholders. We remain committed to attracting and sustaining a diverse workforce and retaining high-performing employees who work collaboratively to carry out the Company's purpose.

TXNM Energy and affiliates are Equal Opportunity/Affirmative Action employers. Women, minorities, disabled individuals and veterans are encouraged to apply.