Risk Manager, Insurance

About:

Join Arctic Slope Regional Corporation (ASRC), a private, for-profit corporation that is owned by and represents the business interests of its over 14,500 Iñupiaq shareholders. As the largest Alaskan-owned company employing over 18,000 people worldwide, ASRC and its subsidiaries are poised for the next era of growth with continued dedication to providing maximum benefit to our shareholders.

 

We are proud to be recognized as Alaska Business Magazine’s #1 Top 49er for over 30 years running and #120 on the Forbes’ America’s Top Private Companies.

Overview:

Responsible for (1) administering and maintaining the organization’s comprehensive casualty and specialty insurance programs; (2) analyzing the organization’s insurance needs; (3) working within the organization to proactively identify risk and drive improvements to control and reduce operational and contractual exposure; (4) managing insurance industry relationships with various brokers and underwriters.

Responsibilities:

• Leads the organization’s efforts on design, implementation and management of casualty and specialty insurance programs, including renewals and related tasks (i.e. insurer selection, contract/rate negotiation, retentions/limits, binders, payments, certificates of insurance, summaries of insurance, allocation of premiums, policy reviews).
• In coordination with supervisor, maintains insurance industry relationships including those with brokers, wholesale brokers, consultants, loss engineers and underwriters.
• Identifies, analyzes and classifies insurable risks for financial impact to the organization, including expected frequency, trends and severity.
• Develops and interprets analytical tools used to evaluate appropriate retention and policy limits.
• In coordination with supervisor, works throughout the organization to proactively identify risk and drive improvements to control and reduce operational and contractual exposure.
• Develops, recommends and implements appropriate risk financing techniques, which may include insurance, self-insured programs offering intercompany buy-downs and maintaining a captive insurance program.
• Collaborate with internal and external experts to develop and manage claims reporting guidelines, to ensure timely reporting and compliance with policy terms and conditions.
• Monitors Alaskan and National legislative initiatives relating to insurance, claims and liability; interprets the impact of these initiatives and communicates recommendations to supervisor.
• Develops internal risk management reporting, such as dashboards, for internal management review, as required.
• Responsible for the adherence to department budget.
• Coordinates with corporate and operational staff to compile and analyze various financial, exposure, and payroll data used in insurance placement, risk analysis and cost allocations incrementally.
• Reviews financial data and exposures for acquisition projects, providing premium forecasts and Workers Compensation rates.
• In coordination with Director of Risk, assists with multiple annual insurance program audits, including proactive scheduling, communication with internal and external stakeholders, and data and exposure credibility reviews.
• Assist Risk Contracts Manager by providing risk analysis on Requests for Proposals, bid proposals, contracts, leases and other documents that contractually bind ASRC or its subsidiaries. 
• In coordination with Director of Claims, works with General Counsel, outside counsel, internal and external claims experts to manage severe losses, including matters with questionable or partial insurance.

Qualifications:

• Bachelor’s degree required in risk management, business, management, or other related field
• Minimum seven years' program management responsibility in the insurance industry related to either providing or procuring insurance products
• Casualty insurance placement and claims management experience, construction-specific preferred
• Strong understanding of general contract terms and conditions including indemnification provisions
• CRM, ARM, CPCU or equivalent certification preferred
• Ability to utilize and apply probability and statistical analysis to practical situations
• Reasoning and analytical skills in interpreting common financial reports and legal documents
• Proficient in word processing, excel, and technical writing
• Strong written and verbal communication skills

Competency Requirement

ASRC values the competencies that enable individual and organizational success. The Company maintains an enterprise competency framework that outlines core and role-specific expectations across levels. Competency requirements and definitions are reviewed periodically and may evolve to reflect business needs. Employees are expected to demonstrate the competencies applicable to their role as maintained by Human Resources and their business unit.

 

Detail Oriented

Ability to review renewal data, submissions, quotes, binders, policies and other documentation in a detailed manner for accuracy and completeness.

 

Language Skills

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of employees or customers.

 

Mathematical Skills

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

 

Reasoning Ability

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form.  Ability to deal with problems involving several concrete variables in standardized situations.

 

Physical Demands

The physical demands described herein are representative of those that must be met by an employee to successfully perform the essential functions of this position.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to talk or hear.  The employee is frequently required to sit; reach with hands and arms; and to use hands to finger, handle, or feel.  The employee is occasionally required to stand, walk, climb or balance.  The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.   Specific vision abilities required by this job includes the ability to adjust focus.

 

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The work environment is in a busy office setting.  The noise level in the work environment is usually moderate. While performing the duties of this job, the employee may be occasionally exposed to outside weather conditions and may be required to travel in small and large commercial aircraft.

Equal Opportunity and Policy Statement:

Why Petrostar is Different

 

Purpose-Driven Work: Every day, Petro Star employees help fuel Alaska's economy and infrastructure. From supporting military readiness and aviation operations to delivering energy solutions to remote communities, your work directly contributes to keeping Alaska moving.

 

Safety-First Culture: Safety is at the core of everything we do. We are committed to maintaining the highest standards of environmental stewardship, operational integrity, and workplace safety while empowering employees to take ownership of safe and responsible operations.

 

Career Growth Opportunities:

• Professional development and technical training programs
• Mentorship from experienced industry leaders
• Opportunities for advancement across refinery, operations, engineering, maintenance, commercial, and corporate functions
• Continuous learning and career development support

Industry Leadership & Stability:

• Alaska’s only locally owned and operated petroleum refining and marketing company
• 40+ of experience serving Alaska's energy needs
• Backed by the strength and stability of ASRC, one of Alaska's largest and most successful companies
• Critical supplier to military, aviation, commercial, and rural markets throughout Alaska

Total Rewards

At Petro Star, we believe exceptional people deserve exceptional benefits. Our comprehensive total rewards package reflects our commitment to your success, well-being, and financial security.

Financial Security:

• Competitive salaries with performance-based opportunities
• 401(k) retirement plan with company matching contributions*
• Employee referral bonus opportunities

Health & Wellness:

• Comprehensive medical plan options through the Federal Employee Health Benefits (FEHB) Program*
• Dental and vision insurance options*
• Employee Assistance Program (EAP) for employees and their families
• Supplemental insurance offerings including life insurance, disability coverage, AD&D, accident insurance, critical illness insurance, hospital indemnity, legal services, identity theft protection, and pet insurance*

Professional Development:

• Leadership development programs
• Technical and professional skills training
• Mentorship and career advancement opportunities

* Benefit eligibility varies by position, employment status, and work location. Specific benefits for this role will be discussed during the hiring process.

 

Petro Star Inc., a division of ASRC, is a drug-free workplace and pre-employment drug testing is part of the hiring process. 

 

ASRC and its family of companies is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, national origin, religion, disability, protected veteran status, age or any other legal protected status.  EOE:  M|F|D|V EEO Poster 

 

Petro Star Inc. is the refining division of Arctic Slope Regional Corporation, an Inupiat-owned corporation created as a result of the Alaska Native Claims Settlement Act. 

 

ASRC's family of companies apply a shareholder preference in employment, to the maximum extent feasible, as authorized by law. 

 

If you require assistance or a reasonable accommodation during the application process, please contact us at

asrchr@asrc.com

.