NAES · 2 months ago
Executive Director Insurance
Littleton, CO
Full-time
Hybrid
Director/Executive
$196K/yr - $225K/yr
7+ years expE3 Consulting, a subsidiary of NAES, is a leading technical advisor in the energy sector. The Executive Director of Insurance will develop and lead due diligence efforts, evaluate insurance-related aspects of projects, and drive business development in the insurance space.
Energy
Responsibilities
Work collaboratively with E3’s VP, Operations to develop E3’s insurance due diligence practice, including best practices and tools
Hire and lead the team members required to provide a fully functional and successful practice
Conduct detailed reviews of contracts, insurance policies, endorsements, and certificates to assess coverage adequacy for project risks, compliance with lender/owner requirements, and alignment with technical and operational needs
Evaluate claims histories, risk profiles, and coverage gaps for high-value energy, infrastructure, and industrial projects
Collaborate with technical and engineering teams to ensure insurance policies adequately cover specialized equipment, machinery, and operational risks
Assess project-specific risks such as environmental impact, construction defects, operational hazards, and force majeure events
Manage client interactions and deliverable schedules
Lead insurance business development efforts
Support E3’s insurance team through continuous improvement and training opportunities
Ensure quality, consistency, and schedule deadlines of E3 deliverables
Mentor other team members
Work closely with project developers, owners, capital providers, and legal teams to align insurance coverage with overall project and financing requirements
Provide recommendations and solutions to mitigate identified risks
Work collaboratively with internal team to support team leads or receive information as may required to support overall project objectives
Deliver comprehensive insurance due diligence reports, clearly outlining risks, coverage adequacy, and compliance gaps
Maintain detailed records of assessments, communications, and recommendation
Stay informed about industry standards, competitor offerings (e.g., Moore McNeil, Stance Risk), and emerging risks in energy and infrastructure sectors
Advise clients on the latest insurance products, trends, and strategies
Lead efforts to drive new business by attending conferences, contacting and/or visiting clients and developing proposals for projects
Support marketing initiatives through active participation in collateral and sales support documentation
Qualification
Required
Bachelor's degree from an accredited college or university recognized by the United States Department of Education or equivalent. Relevant work experience may be substituted for education on a year-for-year basis
Seven years of experience working in the insurance due diligence or related field
Strong network of contacts from key project participants
Expert proficiency in insurance due diligence
Strong understanding of energy and industrial equipment, construction processes, and operational risks
Strong understanding of industry standards and regulatory requirements
Strong understanding of current market terms for insurance
Excellent attention to detail in reviewing financial model inputs
Exceptional report writing and communication skills
Exceptional analytical skills
Strong experience with MS Office, including strong working expertise with Word, Excel, Teams and other MS Suite applications
The ability to work independently or as part of a team with expert organizational skills
Willingness to travel for work as may be required
Driver's License
Preferred
Business Development: Advanced
Financial Analysis: Advanced
Compliance: Advanced
Risk Assessment: Advanced
Microsoft Office Suite: Advanced
Renewable Energy: Advanced
Verbal and Written Communications: Advanced
Bachelors or better in Business Administration or related field
Business development, leadership and industry reputation will be pivotal in shaping E3's strategy in the insurance due diligence space, leveraging expertise as well as network and industry relationships to grow E3's business footprint in the insurance space
Company
NAES
NAES is the power generation industry’s largest independent services provider, with more than 40 years of experience managing risk and turning it into profits.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Norm Escover
President and CEO
Stephanie Sprouse
CFO, Power Services & Renewables Group
Recent News
2024-05-03
SeekingAlpha
2023-11-02
Company data provided by crunchbase