Relocation Benefits are not available for this position.
Employer will not sponsor visas for position
To assist the insurance Risk Manager in identifying, assessing and analyzing CITGO's exposure to risk, both internally and externally. To coordinate with CITGO's insurance brokers and carriers in the placement of CITGO's insurance and alternative risk transfer programs.
College Degree (Bachelors Level)
- Chartered Property and Casualty Underwriter or Associate in Risk Management designations preferred.
The minimum number of job related experience is 5 to 10 years Risk and Insurance experience but can consider minimum of Risk and Insurance Degree.
Job DutiesAssist in the development and review of the corporate insurance programs to obtain competitive terms/pricing and adequate protection for CITGO operations. Analysis includes consideration of proper retention and limits. Directly responsible for smaller corporate programs. If not reviewed properly it exposes the corporation to catastrophic loss.Oversee requests for insurance renewal information from operating groups. Analyze operating group’s responses for consistency and accuracy. Develop submission incorporating operating group’s responses. If not reviewed properly it exposes the corporation to catastrophic loss.Manage timely receipt of accurate insurance policies following placements. Verify that negotiated terms were included in policies issued by underwriters. Note and advise brokers of any deficiencies. Oversee issuance of amending terms to bring policies in line with negotiated terms. If not reviewed properly, leaves corporation subject to substantial gaps/shortfalls in coverage.Manage information-flow between Company and insurance brokers for accurate and timely insurance application and submissions leading to on-time placement of all corporate insurance coverage. Address any follow-up questions by underwriters. If not properly completed it could affect claim settlements and coverage under policies. Owner Controlled Insurance Program ("OCIP") - responsible for providing critical underwriting information communications to broker/administrator; finalize details required for placement of Contractor insurance. Track payroll, man-hours, premium audit and obtain annual expected loss. Convey requested premium and loss information for annual budget. Manage site-visits and scheduling for OCIP Insurer's Safety Engineer Assist in management of captives. Manage financial information flow, audit questions and Federal Excise Tax reconciliation. Review contracts in regard to risk exposure and insurance placements as requested by operating groups. Provide necessary contract language to address needs of operating groups. If proper language not developed it could leave CITGO uninsured or unprotected through indemnity for several million dollars. Coordinate loss control and insurance inspections including the development of estimated maximum losses. Working with operations to implement engineering recommendations. Failure to manage could result in substantial capital expenditures and or un-insurability.Participate in corporate crisis management response drills and serving as on-call and backup on-call manager as needed. Direct operations and support teams to mitigate crisis situation. If not properly handled it leaves corporation subject to substantial losses.