Manager Insurance and Corporate Risk

WEC Energy Group; Chicago (IL); On-site; USD 117,000 - 191,000; Full time

Job summary

Join a leading energy company as a Manager of Insurance and Corporate Risk, responsible for overseeing risk management and insurance programs across various subsidiaries. This role demands a well-rounded candidate with substantial experience in risk management, extensive knowledge of insurance processes, and strong interpersonal skills. Contribute to a company committed to sustainability and community support while enjoying competitive pay and benefits.

Benefits

Competitive pay and benefits

Diverse and inclusive workforce

Fulfilling careers with safety and well-being commitment

Qualifications

• 5-10+ years experience in insurance risk management for a large similar industry.
• Applied knowledge of insurance and risk management principles.
• Experience in major commercial property and casualty insurance.

Responsibilities

• Identify and evaluate risk exposures to the corporation.
• Manage corporate insurance procurement and claims processes.
• Negotiate and settle insurance claims.

Skills

Communication

Judgment

Problem Solving

Negotiating

Planning

Organizing

Education

Bachelor's Degree in Business or related discipline

MBA or CPCU designation

ARM designation

Job description

3 days ago Be among the first 25 applicants

WBS, a subsidiary of WEC Energy Group, is seeking a Manager Insurance and Corporate Risk in our Chicago, IL, Green Bay, WI or Milwaukee, WI locations.

About Us

WEC Energy Group is one of the nation’s largest electric generation and distribution and natural gas delivery holding companies serving 4.7 million customers across the Midwest. We are committed to providing clean, reliable, and affordable energy in an environmentally sustainable manner. Customers are the heart of our business, and we work every day to help grow and support communities where we provide vital energy services.

As a Fortune 500 company, we value and develop our employees who are making a difference in a mission that matters. We don’t just offer a job; we provide fulfilling careers where safety and well-being are paramount. Join our team and experience first-hand our commitment to your success. We offer competitive pay and benefits to recognize your hard work and dedication.

If you’re talented, energetic and ready for a career with a future, we want you on our team. We are powered by a diverse and inclusive workforce fueled by the pride in what we do. If you're driven by the passion to change lives, this is the place for you.

Job Summary

This position is responsible for the implementation and administration of the risk financing and insurance program for the entire corporation, including the diversified portfolio of subsidiaries engaged in electric generation; electric, gas, steam and water distribution; pump manufacturing and other non-utility businesses.

Job Responsibilities

• Identify, analyze, and evaluate risk exposures to the corporation
• Select, recommend and implement appropriate cost-effective solutions for managing identified risk exposures using appropriate risk financing, risk transfer and risk control techniques; preparing and presenting recommendations to the Treasurer, CFO or Office of the Chairman as appropriate
• Manage the procurement, renewal, and record keeping of all corporate insurance
• Manage the underwriting information collection, maintenance and submittal process
• Manage the coordination between the corporate master insurance program and the underlying primary insurance coverages
• Monitor policy terms and market conditions making necessary adjustments to the policies or program when necessary
• Develop and monitor the premium allocation schedules; and assist in the preparation of the utility insurance budget
• Negotiate and settle insurance claims
• Manage broker and agent relationships, negotiating the level of service and associated fees, and documenting the agreed upon terms and conditions with service agreements
• Manage insurer relationships, including underwriting, claims and loss control
• Review and provide input on contracts and agreements being considered by the corporation
• Provide risk management and insurance advice on major projects undertaken by the corporation
• Manage the procurement of surety bonds and the issuance of certificates of insurance
• Conduct risk management due diligence reviews on proposed mergers and acquisitions
• Provide insurance related budget input across the corporation
• Assist business units and subsidiaries in addressing specific issues with brokers and insurers
• Develop and conduct risk management related employee training as requested
• Assist in procuring insurance for joint ventures when necessary
• Insurance Risk Management Program
• Identify, analyze, and evaluate corporate risk exposures & implement appropriate management solutions
• Manage the procurement, renewal, and record keeping of all corporate insurance
• Manage the corporate claims process in coordination with Legal, HR and Accounting
• Coordinate with legal counsel to negotiate and settle corporate insurance claims
• Manage insurer and broker relationships
• Manage the corporate insurance budget
  
  
  

Minimum Qualifications

• Bachelors Degree in Business or related discipline
• 5-10+ years experience in the insurance risk management process preferably for a large similar industry
• Applied knowledge of insurance and risk management principles and accounting
• Experience in all major commercial property and casualty insurance coverage in both the primary and excess layers
• Strong communication, judgment, computer & technology, problem solving, negotiating, planning and organizing skills are necessary
• Must exhibit the ability to make decisions without all the facts, set priorities and address emergent issues, meet deadlines, understand the direction and needs of the corporation, and support and defend decisions
• Must be comfortable operating in an environment with a wide degree of ambiguity and latitude
  
  
  

Preferred Qualifications

Experience in:

• MBA or Chartered Property Casualty Underwriter (CPCU) designation or equivalent
• Associate in Risk Management (ARM) designation
• Accounting/Finance
• Counterpart credit risk
• Invested funds (pension, OBEP & 401K) oversight
• Mangement of company investments
  
  
  

End Date: 06/27/2025

Pay Range Minimum: $117,004.94

Pay Range Maximum: $190,133.06

The pay range reflects the minimum and maximum for the position at the time of posting and may be modified in the future. The starting salary/pay within the pay range will be based on several factors, as applicable, but not limited to, relevant education, qualifications, certifications, experience, skills, geographic location, shift, travel requirements, collective bargaining agreements, and business and organizational needs. At WEC Energy Group, it is not typical for an individual to be hired at or near the top of the range for their role.

We reserve the right to modify the application deadline or discontinue accepting applications for any position if deemed necessary.

Learn more at

Legal authorization to work in the United States is required. We will not sponsor for Employment visas, now or in the future, for this job opening.

WEC Energy Group and its subsidiaries are Equal Opportunity Employers. As a result, all qualified applicants will receive equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or any other protected status. The Company also complies with all applicable federal, state and local laws that require it to take affirmative action.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Utilities

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