Director, Risk & Insurance

49981-
Toronto-
Regular

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!

Responsible for the management of insurance and claims functions across Hydro One and its subsidiaries. This role will identify corporate operational exposures to loss and recommend appropriate insurance and risk transfer techniques to eliminate or reduce the impact of loss on the ability of the corporation to operate at a desirable level. Also reviews and approves insurance provisions in all procurement related contracts.

General Accountability
Risk and Insurance supports the Treasurer, Chief Financial Officer (CFO) and the leadership of the Lines of Business, and is responsible for the following accountabilities:

1. Advise senior management of all potential sources of accidental loss. Supervise activities related to conservation of human, financial and physical assets.
2. Manage the organization's risk management department with the following goals:

• Protect against financial loss resulting from:
• Damage to company property
• Downtime and additional costs from damage to property of the organization and others;
• Liabilities for property damage or injury to members of the public

• Loss retained
• Risk control expenses
• Claims adjusting costs
• Insurance premium
• Administrative costs
• Contractual transfer

1. Strategy and Planning
   
   • Develop an insurance and risk management strategy providing both short and long term goals.
   • Research, evaluate and make recommendations regarding current and state of the art trends in insurance and claims management.
   • Review potential acquisitions, divestitures and joint ventures to identify significant risk and insurance issues and make recommendations.
2. Risk Transfer through the purchase of insurance
   
   • Manage the Property and Casualty insurance programs, including self-insured programs.
   • Identify and analyze potential impact of exposures of loss faced by the corporation.
   • Recommend risk transfer/financing through the purchase of insurance or through contractual transfer.
   • Evaluate the adequacy of limits and appropriateness of retentions/deductibles.
   • Conduct cost/benefit analysis of program alternatives.
   • Negotiate insurance policies and service agreements with key service providers.
   • Maintain effective process to provide timely and accurate underwriting information to broker/insurers for insured risks.
3. Claims Management
   
   • Manage insurance claims and claim litigation processes.
   • Investigate losses and negotiate settlements on major property/casualty insurance claims. Coordinate with inside/outside counsel as appropriate.
   • Analyze loss data trends and identify potential cost containment opportunities.
   • Represent the corporation at mediations, settlement conferences and pre-trials for risk and insurance related actions.
4. Contractual Standard/Insurance Certificates
   
   • Establish insurance standards for various classes of vendor and customer relationships of the company.
   • Review contracts as required to assure compliance with insurance standards. Evaluate exceptions to insurance standards and approve/reject as appropriate.
   • Establish and maintain effective processes for obtaining insurance certificates from service providers.
   • Oversee process to issue insurance certificates to third parties as required.
5. Safety and Loss Prevention
   
   • Partner with Safety and Engineering and Business unit management to coordinate internal and external safety and loss control processes including loss prevention, Employee Health and Safety and Facility Safety.
   • Coordinate with Engineering to provide timely response to property insurer's loss prevention recommendations.
   • Provide a safe and healthy work environment.
   • Know and ensure subordinates comply with all legal and regulatory requirements, corporate policies and procedures, and generally accepted practices relating to their work.
6. Leadership
   
   • Provide leadership to subordinates.
   • Ensure subordinates are able and willing to produce the desired output, and that they continually improve the processes for achieving those outputs.
   • Mentor, counsel and foster the personal development of all subordinates.
   • Communicate expectations regarding the collateral relationship among subordinates.
7. Reporting/communication/Accounting
   
   • Provide technical advice on insurance and risk management matters.
   • Prepare annual risk and insurance budget.
   • Provide reports and updates as required to Senior Management.
8. Other
   
   • Conduct training sessions, as appropriate on insurance and claims management topics.

• Proven ability to manage multiple projects simultaneously and satisfy the needs of diverse stakeholders.
• Extensive understanding of insurance and claim processes, controls and analysis.