Risk Specialist - Equipment Breakdown

Sovereign Insurance; Montreal; Remote; CAD 80,000 - 120,000; Full time

Job summary

An established industry player seeks a Risk Specialist to assess and mitigate equipment breakdown risks. This role involves conducting risk assessments, preparing technical reports, and collaborating with underwriting teams to enhance client relationships. Join a forward-thinking company that values your expertise and offers a supportive, inclusive environment focused on sustainability and community impact. With a competitive salary and flexible work options, this opportunity is perfect for those looking to make a meaningful contribution in the insurance sector.

Benefits

Competitive Salary

Bonus

Health Benefits

Pension Plan

Flexible Work Options

Inclusive Team Environment

Commitment to Sustainability

Qualifications

• 10+ years in heavy industry, focusing on risk management and engineering.
• Experience with power generation rotating equipment is a plus.

Responsibilities

• Assess equipment breakdown risks and provide loss prevention recommendations.
• Prepare reports and present findings to underwriting leadership.

Skills

Heavy Industry Experience

Engineering Design

Risk Management

Communication Skills

Education

Engineering Degree

Tools

Risk Assessment Tools

Job description

Join to apply for the Risk Specialist - Equipment Breakdown role at Sovereign Insurance

Company: Sovereign

Department: Risk Engineering

Employment Type: Remote Work Model

Language: English is required, French is an asset.

The Opportunity:

As a wholly owned subsidiary of the Cooperators General Insurance company, Sovereign Insurance values your experience. We are committed to our clients and employees, fostering a culture of well-being, collaboration, and passion. Join us to shape your experience at Sovereign.

The Risk Specialist – Equipment Breakdown will:

• Assess insurance clients’ equipment breakdown and operational risks, supporting underwriting, brokers, insureds, and claims adjustors with risk information and loss prevention recommendations.

How you will create impact:

• Conduct assessments of large complex risks to identify hazards and exposures for risk selection, rating, and pricing.
• Prepare engineering reports, technical articles, and bulletins to inform underwriting and recommend risk improvements.
• Estimate potential losses based on market intelligence, data, and engineering expertise.
• Review large risks annually and present findings to underwriting leadership.

How you will succeed:

• Deliver exceptional client experiences through positive relationships and accountability.
• Align actions with company purpose, vision, and values.
• Support and guide others through change and innovation.
• Value diverse perspectives for creative solutions.

Minimum qualifications:

• At least 10 years of heavy industry experience (power generation, manufacturing, molten materials, chemical, or oil and gas).
• Experience in engineering design, operations, maintenance, reliability, or risk management.
• Experience with power generation rotating equipment is desirable.
• Engineering degree or equivalent experience.
• Strong communication skills.
• Assets include provincial engineering license, insurance experience, CRM or CIP, and NBBI certification.

Additional requirements:

• High attention to detail and confidentiality.
• Valid driver’s license.
• Physical ability for moderate exertion and occasional travel.

What’s in it for you?

• Challenging work and meaningful contribution.
• Competitive salary, bonus, benefits, and pension.
• Focus on physical and mental health, flexible work options.
• Inclusive team environment.
• Commitment to sustainability and community impact.