Share Our Purpose. Be Yourself. Feel Valued.

People are the heart of our business. As an American Water employee, you will be offered a competitive salary and health benefits package, along with opportunities to develop, grow, and evolve your career. Our benefits packages focus on key areas such as health & wellness, emotional & well-being, and savings for current & future goals.

We are Beautifully Different . We strongly believe having diversity across our company makes us more successful and helps us provide essential services to our customers. We are stronger because we embrace different ideas, viewpoints, experiences, and backgrounds. American Water is the best choice for your next role! Click here for more information on our inclusion, diversity, and equity journey.

American Water is the best choice for your next role! With a history dating back to 1886, American Water (NYSE: AWK) is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs approximately 6,400 dedicated professionals who provide regulated and regulated-like drinking water and wastewater services to an estimated 14 million people in 24 states. American Water provides safe, clean, affordable, and reliable water services to our customers to help keep their lives flowing. For more information on American Water, visit amwater.com and follow American Water on Twitter , Facebook and LinkedIn .

Primary Role

Reviews and identifies risks on major risk management issues affecting the organization. Accountable for identifying, measuring and analyzing risk/insurance problems and defining and implementing risk solutions that help optimize operations.

Key Accountabilities

• Directs and manages the renewals of all lines of insurance (including surety bonds) for the Company, its subsidiaries, and joint venture(s).


• Manages the risk management and insurance department and its staff which includes the claims management team. Approves the settlement of insurance claims based on delegation of authority.


• Lead efforts to lower enterprise risks through effective communication and education to business groups. Design and implement insurance and risk management policies and practices.


• Provide contractual advice to supply chain through establishment of minimum insurance coverage and limit guideline and review insurance requirements for all contractors, vendors and suppliers.


• Support all business development activities including mergers, acquisitions and divestitures completing risk management analysis in the due diligence process.


• Assist and participate in the Enterprise Risk Management process to implement a unified risk management and reporting regimen across the Company.


• Assists in the management of Company's captive insurance company.


• Actively liaise with and educate state operations, accounting, financial services organizations and other key stakeholders.


• Creates high level relationships with insurance companies, those utilized by the company and those that should be considered for future relationships.

Knowledge/Skills

• Expert knowledge on insurance products and markets.


• Expert knowledge of insurance claims and valuations.


• Expert knowledge of surety bond market.


• Knowledge of regulated utility and related services business risks preferred.

Experience/Education

• Bachelor's level degree in Insurance/Finance required.


• 8+ years general experience in corporate risk management with 5+ years in insurance claims management required, multi-line insurance management or financial management with Corporate Risk Management or Commercial Insurance Broker managing global or national accounts.

Travel Requirements

• Approximately 5%

Other

• Standard office environment


• Hybrid work schedule (3 days in office)

Competencies

Prioritizes & Role Models Safety

Self-Awareness

Develops Talent

Plans, Aligns, & Directs

Drives Engagement

Decision Quality

Join American Water... We Keep Life Flowing ™

American Water is firmly committed to Equal Employment Opportunity (EEO) and prohibits employment discrimination for employees and applicants based on his or her age, race, color, pregnancy, gender, gender identity, sexual orientation, national origin, religion, marital status, citizenship, or because they are an individual with a disability, protected veteran or other status protected by federal, state, and local laws.