Philadelphia Gas Works

  • Commerical Insurance/Risk Management Specialist

    Risk Management Department
    ID
    2017-1383
    Employment Status
    Regular/Full Time
    Category
    Other
    Job Locations
    US-PA-Philadelphia
    ADP Department #
    Risk Management Department [41]
  • Overview

    Administers and supports risk management programs that anticipate and recognize known and evolving loss exposures to the company and treats them through the use of various techniques. The incumbent performs a variety of analyses, information processing and insurance liaison services utilizing loss prevention and loss reduction methods designed to minimize the frequency and severity of loss.

    Responsibilities

    Analyze frequencies, severities, average cost, potential remedies and nature of injuries and loss data from the RMIS; identifies potential problem areas or trends and determines if preventive measures can be implemented to reduce losses paid out on claims; recommends potential solutions so remedial action can be taken.

     

    Conduct and coordinates loss control surveys at all PGW locations as well as visits by insurance company to ascertain obsolescence or availability of back-ups. Recommend improvements as necessary.

     

    Coordinate insurance certification processes ensuring vendors and contractors are carrying valid insurance as specified by purchase orders and contracts.

     

    Develop and administers preliminary risk control efforts for loss prevention and loss reduction that ensures insurance company recommendations are addressed by affected departments.

     

    Gather data needed for Risk Management O&M budget.

     

    Liaison services between PGW personnel and insurance company representatives to ensure adequate communications regarding recommendations made by insurance companies.

     

    Maintain and suggests procedures for the administration of corporate insurance programs.

     

    Provide preliminary risk control methods of loss prevention and loss reduction that ensures insurance company recommendation are addressed by affected departments.

     

    Recommend administrative procedures for corporate insurance programs to ensure coverage, limits and premiums are the same as those agreed upon in negotiations.

     

    Review all Procurement documents and prepare necessary insurance requirements. Negotiate same if appropriate.

    Prepare applications to renew PGW`s Property and Casualty insurance, and identify the need for additional coverage.

     

    Manage implementation of PGW`s Enterprise Risk Management Program.

     

    Assist with Enterprise Risk Management Program.

    Compile information concerning compliance with loss control recommendations, prepares associated reports and studies analyzing a variety of risk and insurance related documents including but not limited to:

     

    -Policies for coverage and limits ensuring all associated forms are attached, payments and premiums are processed and that the  premiums are identical to those agreed upon in negotiations.

    -Insurance certificates for coverage and limits required under the applicable specifications to ensure exposures are addressed.

    -Contractual indemnification provisions to identify and control exposures to loss. Recommends corrective actions or changes as warranted.

    -Interdepartmental memos to increase awareness of Risk Management procedures and reduce monetary outflow as a result of claims against PGW.

    -Internal company procedures to ascertain the impact they may have on the severity of PGW’s potential liabilities.

     

    Perform other special projects and assignments as requested.

    Qualifications

    Bachelor’s Degree, ideally with a Risk Management major, or five years of commercial insurance experience, preferably with an ARM or CPCU certification.

     

    Must be a critical and analytical thinker with ability to collect, analyze and report raw data and use logic and statistics to identify potential physical and/or financial risks.

     

    Must have problem solving skills with ability to apply learned insurance principles to evolving business practices in order to recommend appropriate loss prevention measures.

     

    Must have negotiation skills with the ability to influence decisions in the best interest of the company.

     

    Must have sound judgment/decision making skills with ability to identify all factors relating to a problem, purpose, advocate and execute solutions which address those factors and be accountable for the results.

     

    Must have communications/interpersonal skills with the ability to work with senior level management and build cooperative working relationships with others.

     

    Must be computer literate with knowledge of Microsoft Office and risk & insurance/financial software such as Oracle, Fiserv, SAS, etc.

     

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