Insurance Specialist, Principal

Requisition ID # 12266

Job Category : Accounting / Finance

Job Level : Manager/Principal

Business Unit: Finance and Risk

Job Location : San Francisco

Company

Based in San Francisco, Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric utilities in the United States.And we deliver some of the nation's cleanest energy to our customers in Northern and Central California. For PG&E, Together, Building a Better California is not just a slogan.It's the very core of our mission and the scale by which we measure our success. We know that the nearly 16 million people who do business with our company count on our more than 24,000 employees for far more than the delivery of utility services.They, along with every citizen of the state we call home, also expect PG&E to help improve their quality of life, the economic vitality of their communities, and the prospect for a better future fueled by clean, safe, reliable and affordable energy.

Pacific Gas and Electric Company is an Affirmative Action and Equal Employment Opportunity employer that actively pursues and hires a diverse workforce. All qualified applicants will receive consideration for employment without regard to race, color,national origin, ancestry, sex, age, religion, physical or mental disability status, medical condition, protected veteran status, marital status, pregnancy, sexual orientation, gender, gender identity, gender expression, genetic informationor any other factor that is not related to the job.

Department Overview

The Risk and Audit organization is responsible for enabling the business to effectively and efficiently manage risk in key areas of the enterprise. The Risk organization is comprised of four departments: (1) Internal Audit; (2) Market and Credit Risk Management; (3) Finance Compliance and Controls; and (4) Enterprise & Operations Risk Management (EORM) and Insurance.

This Principle position is part of the EORM and Insurance department, a department charged with managing insurance programs for the Utility and Corporation and overseeing the management of key operational and catastrophe risks for the enterprise.

Position Summary

This position provides expertise in all manner of insurance products and structures and works to renew PG&E's various insurance programs including: liability/casualty, property, director and officer, crime, aircraft, and others. The position is also responsible for coordinating insurance claims, forecasting and budgeting, developing rate case testimony, responding to data requests, and acting as the internal subject matter expert on insurance items to support the lines of business.

The ideal candidate will have excellent consulting, verbal and written communication skills, strong analytical and quantitative skills, contracting experience, a background in insurance or risk management, poise in working with many levels of staff, strong organizational and planning skills, and strong interpersonal skills. The position reports to the Manager of Insurance, Fire & Risk Engineering.

Job Responsibilities

• Manage insurance programs (liability, property, D&O, crime, aircraft, etc.) by evaluating insurance products and services, understanding sources of risk, develop proposals on insurance selections, and compile data from multiple sources for insurance applications.
• Developing methodologies for consistent decision making on coverage levels, premium spend, self-retention, and risk tolerance.
• Supports lines-of-business in decisions regarding types and levels of insurance required for 3rd party vendors.
• Manages insurance claims across multiple parties: finance, engineering, legal, brokers, and insurers
• Manages certificates of insurance, surety bonds, and third-party insurance certificate tracking.
• Manages PG&E's insurance budget forecasting, General Rate Case support, finance interface.
• Process improvement, develop guidance documentation and maintain records database
• Potential travel required (5% maximum): underwriter tours, claims site visits

Qualifications

Minimum:

• Bachelor's degree in business, finance, accounting or related discipline
• Requires a minimum of 8 years of relevant experience in insurance or risk management.
• Knowledge of standard insurance policy forms and coverages
• Attention to detail with experience in developing contract terms and conditions
• Strong communication skills with senior leadership and external parties
• Demonstrated ability to work across multiple lines of business and build strong project managing and working relationships
• Knowledge of tax, accounting
• Advanced Excel and PowerPoint

Desired:

• Experience with insurance and reinsurance placements in international markets
• Experience with large insurance claims
• Experience in quantitative risk management
• CPCU, ARM
• Competency in building partnerships and working collaboratively with others to meet shared objectives
• Knowledge of relevant federal, state, and local regulations and laws - for example FERC, NERC, CAISO, CPUC - as needed to perform at the job level
• Ability to apply project management theories, concepts, methods, best practices, and techniques as needed to perform at the job level
• Competency in providing direction, delegating, and removing obstacles to get work done
• Competency in developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different

audiences

• Competency in applying knowledge of business and the marketplace to advance the organization goals