Manager Insurance and Corporate Risk

About Us: WEC Energy Group is one of the nation’s largest electric generation and distribution and natural gas delivery holding companies serving 4.7 million customers across the Midwest. We are committed to providing clean, reliable, and affordable energy in an environmentally sustainable manner. Customers are the heart of our business, and we work every day to help grow and support communities where we provide vital energy services. As a Fortune 500 company, we value and develop our employees who are making a difference in a mission that matters. We don’t just offer a job; we provide fulfilling careers where safety and well-being are paramount. Join our team and experience first-hand our commitment to your success. We offer competitive pay and benefits to recognize your hard work and dedication. If you’re talented, energetic and ready for a career with a future, we want you on our team. We are powered by a diverse and inclusive workforce fueled by the pride in what we do. If you're driven by the passion to change lives, this is the place for you.

Job Summary: This position is responsible for the implementation and administration of the risk financing and insurance program for the entire corporation, including the diversified portfolio of subsidiaries engaged in electric generation; electric, gas, steam and water distribution; pump manufacturing and other non-utility businesses.

Job Responsibilities: Identify, analyze, and evaluate risk exposures to the corporation Select, recommend and implement appropriate cost-effective solutions for managing identified risk exposures using appropriate risk financing, risk transfer and risk control techniques; preparing and presenting recommendations to the Treasurer, CFO or Office of the Chairman as appropriate Manage the procurement, renewal, and record keeping of all corporate insurance Manage the underwriting information collection, maintenance and submittal process Manage the coordination between the corporate master insurance program and the underlying primary insurance coverages Monitor policy terms and market conditions making necessary adjustments to the policies or program when necessary Develop and monitor the premium allocation schedules; and assist in the preparation of the utility insurance budget Negotiate and settle insurance claims Manage broker and agent relationships, negotiating the level of service and associated fees, and documenting the agreed upon terms and conditions with service agreements Manage insurer relationships, including underwriting, claims and loss control Review and provide input on contracts and agreements being considered by the corporation Provide risk management and insurance advice on major projects undertaken by the corporation Manage the procurement of surety bonds and the issuance of certificates of insurance Conduct risk management due diligence reviews on proposed mergers and acquisitions Provide insurance related budget input across the corporation Assist business units and subsidiaries in addressing specific issues with brokers and insurers Develop and conduct risk management related employee training as requested Assist in procuring insurance for joint ventures when necessary Insurance Risk Management Program Identify, analyze, and evaluate corporate risk exposures & implement appropriate management solutions Manage the procurement, renewal, and record keeping of all corporate insurance Manage the corporate claims process in coordination with Legal, HR and Accounting Coordinate with legal counsel to negotiate and settle corporate insurance claims Manage insurer and broker relationships Manage the corporate insurance budget

Minimum Qualifications: Bachelors Degree in Business or related discipline 5-10+ years experience in the insurance risk management process preferably for a large similar industry Applied knowledge of insurance and risk management principles and accounting Experience in all major commercial property and casualty insurance coverage in both the primary and excess layers Strong communication, judgment, computer & technology, problem solving, negotiating, planning and organizing skills are necessary Must exhibit the ability to make decisions without all the facts, set priorities and address emergent issues, meet deadlines, understand the direction and needs of the corporation, and support and defend decisions Must be comfortable operating in an environment with a wide degree of ambiguity and latitude

Preferred Qualifications: Experience in: MBA or Chartered Property Casualty Underwriter (CPCU) designation or equivalent Associate in Risk Management (ARM) designation Accounting/Finance Counterpart credit risk Invested funds (pension, OBEP & 401K) oversight Mangement of company investments End Date:06/27/2025 Pay Range Minimum: $117,004.94 Pay Range Maximum: $190,133.06 The pay range reflects the minimum and maximum for the position at the time of posting and may be modified in the future. The starting salary/pay within the pay range will be based on several factors, as applicable, but not limited to, relevant education, qualifications, certifications, experience, skills, geographic location, shift, travel requirements, collective bargaining agreements, and business and organizational needs. At WEC Energy Group, it is not typical for an individual to be hired at or near the top of the range for their role. We reserve the right to modify the application deadline or discontinue accepting applications for any position if deemed necessary. Learn more at Legal authorization to work in the United States is required. We will not sponsor for Employment visas, now or in the future, for this job opening. WEC Energy Group and its subsidiaries are Equal Opportunity Employers. As a result, all qualified applicants will receive equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or any other protected status. The Company also complies with all applicable federal, state and local laws that require it to take affirmative action. Seniority level Seniority level Mid-Senior level Employment type Employment type Full-time Job function Job function Finance and Sales Industries Utilities Referrals increase your chances of interviewing at WEC Energy Group by 2x Get notified about new Insurance Manager jobs in Chicago, IL. Elmhurst, IL $90,000.00-$110,000.00 1 day ago Regional Manager, Private Company Management Liability Senior Manager, Special Investigations and Insurance Fraud Chicago, IL $144,000.00-$200,000.00 1 week ago Chicago, IL $117,004.94-$190,133.06 12 hours ago Greater Chicago Area $90,000.00-$111,000.00 6 days ago Chicago, IL $120,000.00-$135,000.00 1 day ago Schaumburg, IL $96,300.00-$140,000.00 2 weeks ago Chicago, IL $140,000.00-$150,000.00 2 days ago Chicago, IL $160,000.00-$180,000.00 1 week ago Regional Life Insurance Director (VP Equivalent; National Life Insurance Wholesaler)Chicago, IL $250,000.00-$250,000.00 3 weeks ago Manager, Global Medical and Healthcare Claims Sr Director, Insurance Institutional Sales Chicago, IL $240,000.00-$270,000.00 1 day ago Automotive Dealership Finance & Insurance (F&I) Manager Chicago, IL $140,000.00-$175,000.00 3 weeks ago Chicago, IL $120,000.00-$125,000.00 3 weeks ago Senior Director, Insurance Institutional Sales Chicago, IL $62,400.00-$90,376.00 3 days ago Sr Practice Manager - General Internal Medicine Multinational Service Manager (Received/Reverse Flow)Chicago, IL $98,300.00-$161,000.00 5 days ago Chicago, IL $140,000.00-$160,000.00 2 weeks ago Director, Client Development - Financial Services and Insurance General Manager (Salary Negotiable + Bonus Structure)Commercial General Liability Claims Manager Greater Chicago Area $111,240.00-$140,100.00 1 week ago Operations Manager - Bond & Specialty Insurance Downers Grove, IL $101,300.00-$167,000.00 1 week ago Chicago, IL $104,550.00-$172,200.00 1 week ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.