26-723.B - Director - Risk Management

Manages all aspects of enterprise risk management, including the development, administration, and optimization of risk financing and surety programs to protect the organization’s assets while ensuring cost-effective coverage and terms.
Essential Job Responsibilities:

• Manages risk department to achieve goals; plans and organizes workloads and staff assignments; trains, motivates, and evaluates assigned staff; and reviews progress and directs change as needed.
• Manages casualty and property insurance claims and losses, liability, property, and workers' compensation for oil and gas exploration and production activities including both on and offshore operations, joint ventures and midstream operations and family office.
• Contract reviews for proper allocation of risk and appropriate insurance provisions.
• Directs all broker activities including annual renewal of coverage, adjustment of coverage and accurate forecasting of premiums for acquisition and divestiture activities, joint venture programs and captive management.
• Creates broker benchmarks and tracks progress to such benchmarks.
• Audits and monitors claim activity to devise risk minimization programs.
• Coordinates and fosters relationships with insurance companies, attorneys, brokers and underwriters.
• Manages Hilcorp captive insurer, Navitas, and leads Navitas underwriting efforts.
• Provides analysis to Hilcorp management on total cost of risk and recommendations of ways to reduce.
• Provides guidance on insurance requirements in the Vendor Management Process.
• Manages the Annual Enterprise Risk Assessment and recommends action plans to address key risks.
• Reviews and monitors risk management processes to ensure the efficiency, accuracy, and timeliness of data.
• Reviews and approves drilling and recompletion reporting that is provided to insurance underwriters.
• Reviews and monitors insurance general ledger account reconciliations and all aspects of risk management costs included in our financial statements.
• Supervises personnel and coordinates employee performance evaluations, assists with salary administration, and assists with hiring and retention of personnel.
• Maintains technical knowledge by attending educational workshops and reviewing professional publications, establishing personal networks, and participating in professional associations.
• Assists in crisis management planning and events.

Other Job Responsibilities:

• Adheres to the company’s values – integrity, ownership, urgency, alignment, and innovation.
• Supports company vision and mission.
• Adheres to established work schedule, attendance standards and is punctual to work and meetings.
• Ability to remain professional, positive, determined, and focused when facing challenging situations.
• Maintains employee confidence and protects company assets, including intellectual property, by keeping information confidential.
• Contributes to team effort by accomplishing related results as needed.
• Other duties as assigned by management.

Qualifications:

• Ten (10) years minimum risk management experience.
• Experience in both the U.S. and London markets.
• Prior captive management experience.
• Outstanding reputation in the insurance market and with external service providers.
• Oil and Gas - Exploration and Production experience including both on and off-shore experience.
• Working knowledge of the risk management process.
• Comprehensive understanding of insurance claims, costs, and billings.
• Ability to accurately solve problems and exceptional proficiency in data management.
• Exceptional ability in developing self-directed teams to meet team and company performance goals.
• Ability to demonstrate strong, dynamic team leadership skills.
• Ability to anticipate approaching problems and establish strategic plans for future success.
• Ability to establish and maintain effective working relationships with employees, supervisors, other departments, officials, and the public.
• Ability to complete multiple, diverse tasks of differing priorities.
• Excellent written, verbal and presentation skills, with specific ability to translate complex operational information and complex insurance information into an organized and presentable manner.
• Proficiency in the use and application of Microsoft Office and AI tools.
• Familiarity with Risk Modeling tools (RFA, @Risk, etc.).

Education Requirements:

• Bachelor’s Degree from an accredited four-year university or college with a degree in business, finance or risk management.

Certifications, Licenses, Registrations:
· Preferred: CRM, ARM and/or CPCU