Managing Director Insurance & Risk Management

End Date: October 20, 2026 (13 days left to apply):R19621Job Posting End Date10-20-2026 Please note the job posting will close on the day before the posting end date.Job SummaryDirect all activities pertaining to the Risk and Insurance Management Department, including all insurance procurement and risk financing, captive insurance oversight, risk control of physical hazard risks, property insurance claims, public liability claims and recovery/subrogation claims. Develop and maintain risk management, risk financing, claim and risk control policies and procedures for the effective and efficient financial protection of corporate assets. Supervise a department of 15 people and multiple external vendors including brokers, actuaries, loss control consultants and others.Job DescriptionWhat You'll Do:* Provide leadership to the Risk and Insurance management department including the activities of insurance analysts, liability claim adjusters and the recovery (subrogation) claim process.* Oversee the process of insurance procurement and risk financing including the management of the $100 million insurance budget and related premium allocations.* Lead the process of marketing insurance programs including underwriting submissions and presentations to insurance companies, and reporting and providing updates to AEP senior management as appropriate.* Oversee the management of recovery claims, property damage claims and public liability claims.* Collaborate with the legal department in strategizing the disposition of significant liability claims.* Direct and oversee the activities pertaining to vendor relationships including insurance companies, captive management firms, insurance brokers, risk consultants, etc.* Direct the review of existing Risk and Insurance management policies and procedures and direct the creation of new policies and procedures as needed.* Review and negotiate insurance terms and other provisions across multiple contracts and agreements with service and material vendors, EPC contractors, etc.* Lead insurance due diligence for mergers, acquisitions and divestitures and facilitate transaction-related insurance solutions where required.* Oversee AEP interdepartmental activities for insurance programs and claims processes including operating company and business segment leadership, legal, trusts and investments, accounting, internal audit, treasury, etc.* Oversee the AEP insurance captive including its underwriting and financial strategies, acting as the chair of the captive Program Advisory Committee (PAC) and participating in other committees according to AEP's participation agreement with the captive.What We're Looking For:Education:* Bachelor's Degree required preferably in Insurance and Risk Management, Business, Finance, Engineering or other relevant education.