Insurance Risk Analyst

We recognize our competitive advantage - our people. We believe in our people, who share our vision of meeting the needs of our employees, customers, and communities and who carry out the continued success of the company.

Our employees are committed to the company's foundational values: integrity, excellence, teamwork, environmental stewardship, and community commitment. In turn, we invest in our employees, providing opportunities for challenge and advancement and offering a competitive compensation package.

Posting End Date: at 11:59PM HST

BRIEF POSTING DESCRIPTION:

The P KI RISK MANAGEMENT Department of the P TREASURY & FINANCIAL SERVICES Division at Hawaiian Electric Company has 1 Management vacancy available. (Role: Professional)

JOB FUNCTION:

Supports the Risk Management Division functions and all aspects of the corporate insurance programs, including coverage placement. Responsible for collecting insurance underwriting information and completing applications required for the HEI corporate insurance program (property, casualty, workers compensation and marine risks). Organizes complex underwriting data and detailed allocation of premiums for these lines of insurance for HEI and subsidiaries. Maintains the integrity of insurance information.

ESSENTIAL FUNCTIONS:

• Independently initiates the insurance application process working with different management levels (officers, engineers, analysts). Responsible for scheduling underwriter meetings, completing insurance applications, comprising of relevant operational and financial data from HEI and subsidiaries, to present the corporate risk to insurance underwriters in a complete, timely and professional manner. Responsible for preparing statements of values for property insurance renewals. Research discrepancies in equipment with Property Accounting and verifies significant variances. Creates and maintains correspondence, exhibits, extensive spreadsheets and other types of computer data files for insurance renewals. Looks for ways to continuously improve processes regarding the insurance submission.
• Works with insurance brokers, underwriters, and consultants to provide insurance and risk guidance to internal units. Assists to resolve insurance issues in connection with various vendor, construction, and consulting contracts. Reviews certificates of insurance to determine contractual compliance. Coordinates issuance of certificates of insurance for HEI companies to comply with contractual obligations.
• Independently evaluates insurance company and broker charges for HEI companies and uses schedules and spreadsheets to allocate annual cost. Develops forecast to determine prepaid premiums for ocean cargo insurance. Reconciles billings for insurance premiums and brokers fees and processes invoices and credits on a timely basis to avoid cancellation of coverage for non-payment of premiums. Explains insurance premium charges and forecast variances to the accounting staff at HEI companies.
• Assists to maintain and update Risk Management Division procedures and policies, including Intranet site.
• Administers performance/payment bonds for HEI. Audits bonds purchased for accuracy, and takes independent action as required.
• Provide cost information to enable preparation of the annual multi-million dollar operating forecast. Verifies allocation basis and allocation of insurance premiums for various lines, by carrier, by type of cost, and by entity.
• Assists various Treasury & Financial Services Department functions, including ensuring daily obligations when needed.
• Participates in Company emergency response activities as assigned, including any activities required to prepare for such emergency response.

BASIC QUALIFICATIONS:

Knowledge Requirements

• Thorough working knowledge of the fundamentals of insurance including the risk management process and insurance policy with emphasis on the property/casualty areas, normally acquired through insurance industry courses or experience.
• Thorough working knowledge of bookkeeping principles and practice normally acquired through bookkeeping/accounting courses and a few years of practical bookkeeping experience.
• Thorough working knowledge of types of data from the financial services and electric utility industries which accurately describe catastrophic exposures to underwriters.
• Working knowledge of financial accounting.
• Working knowledge of PUC, financing and cash management processes.
• Working knowledge of published data about the HEI companies including HEI annual reports to shareholders and SEC filings.
• Working knowledge of personal computers and/or mainframe systems and related software applications such as spreadsheets, word processing, and graphics.

Skills Requirements

• Highly developed interpersonal skills. Must be able to work with different disciplines and management levels, within and outside the Company. Must be able to get results through others dealing with sensitive, difficult or confrontational issues.
• Excellent ability to effectively communicate calculations, concepts and issues to audiences of varying knowledge and backgrounds in writing and verbally.
• Excellent ability to handle difficult and confidential issues using courtesy and discretion.
• Excellent analytical skills and the ability to separate relevant from the irrelevant.
• Ability to work independently with minimal supervision.
• Ability to work under pressure and be flexible to meet deadlines in a demanding work environment. Ability to manage multiple projects and tasks simultaneously.
• Excellent organizational skills.
• Strong computer skills. Ability to use Excel to maintain premium and financial information for invoice processing, budgeting and insurance applications. Ability to use Internet based applications to maintain and access financial information to prepare reports, test upgrades to software.

Experience Requirements

• Several years (5-7) of insurance/risk management related experience, accounting/finance, or equivalent experience.

Role: Professional

Number of Vacancies: 1

Location: Honolulu – Oahu

Hiring Range: The hiring range for the Insurance Risk Analyst [Req ID 9522] position is $63,400.00 to $79,300.00. The person selected will be placed according to his/her skills and qualifications.

About Hawaiian Electric Companies
Hawaiian Electric Companies provide electricity and services to 95 percent of the state's 1.4 million residents. The company is also one of the state's leading employers and a major contributor and supporter of community and educational programs.

The demand for power that has fueled the growth of the Hawaiian Islands has been met by Hawaiian Electric Companies for well over a century. And as the next millennium unfolds, the company is committed to providing quality service and seeking clean local energy sources to power generations of Hawaii families and businesses to come. Visit us at http://hawaiianelectric.com.

Interested individuals should apply online. The application must clearly indicate the demonstrated experience/knowledge/skills/abilities the candidate possesses which specifically qualifies him/her for the position.

Applicant Certification
By submitting an application for the position, candidates:
1. Authorize the Hawaiian Electric Companies to confirm all statements contained in the application and/or any materials submitted and made a part of the application as they relate to the position and to the extent permitted by law;
2. Authorize and consent to, without reservation, the Hawaiian Electric Companies sharing any and all information regarding previous or present employment, educational training or personal information from their records and from any other source with the hiring department or subsidiary company;
3. Release, discharge, and hold harmless, Hawaiian Electric Companies, from any and all liability for any damage which may be claimed as a result of furnishing such information to the hiring department or subsidiary company;
4. Authorizes release and transfer of all personnel records to be maintained by the hiring company in the event of an inter-company transfer; and
5. Authorize, direct, and consent to Hawaiian Electric Companies and/or its authorized agents to conduct investigations into candidates' background. These investigations may include, but are not limited to searches for information about applicants; record of criminal convictions to the extent permitted by law, education records, professional certifications, personal character references, and employment history.

EEO Statement
Hawaiian Electric Companies is an equal employment opportunity/affirmative action employer. We actively seek diversity among our employees. We do not discriminate on the basis of age, race, color, religion, sex/gender (including gender identity/expression), ancestry/national origin, disability, marital status, arrest and court record, sexual orientation, pregnancy, veteran status, genetic information, domestic or sexual violence victim status, or other protected categories in accordance with state and federal laws. We further encourage individuals with disabilities, minorities, veterans and women to apply.

Hawaiian Electric Companies complies with Title I of the Americans with Disabilities Act. Any request for reasonable accommodation needed during the application process should be communicated by the candidate to the HR Service Center at (808) 543-4848.

Affiliate Disclaimer
Hawaiian Electric Company, Inc., Maui Electric Company, and Hawaii Electric Light (“Company”) are Hawaii Public Utilities Commission (“PUC”) regulated companies. The disclosure relating to Affiliate Transaction Requirements that follows is made pursuant to the PUC’s Decision and Order No. 35962, issued on December 19, 2018, and subsequently modified by Order No. 36112, issued on January 24, 2019 in Docket No. 2018-0065.

By submitting your application, you understand and acknowledge that, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate, said Affiliate will be required to make a one-time payment to the Company in an amount up to twenty-five percent (25%) of your base annual compensation.

In addition, if you are hired by the Company and subsequently transferred, assigned or otherwise employed by an Affiliate or an Affiliate-Related Entity, for a period of one year, you cannot appear in negotiations or otherwise interact directly with the Company or work on the same matter that you worked on while with the Company.

Affiliate is defined as “any person or entity that possesses an ‘affiliate interest’ in a utility as defined by section 269-19.5, Hawaii Revised Statutes (“HRS”), including a utility’s parent holding company, except as otherwise provided by HRS section 269-19.5(h).”

Affiliate-Related Entity is defined as “a third party that provides electricity-related services in a regulated utility’s service territory that has a material financial, operational, or ownership interest with an unregulated affiliate of the utility and of whom the utility has reasonable knowledge.”

For a current list of all Affiliates and Affiliate-Related Entities, please see:
https://www.hawaiianelectric.com/about-us/key-performance-metrics/financial/affiliate-transactions

This list may be amended, updated or revised from time to time without notice.