Director Corporate Insurance (hybrid)

Director Corporate Insurance

• We are looking to hire someone to work in our Columbus, Ohio office on a hybrid schedule (3x/week in office)

• Local and international travel required

Job Summary

The position leads and oversees NiSource’s company-wide key risk transfer functions – corporate insurance, claims management and credit risk. The role is also responsible for the strategy and performance of NiSource’s captive insurance subsidiary.  The position reports to the Vice President and Treasurer and collaborates closely with senior leaders across the company to ensure that enterprise risks are identified, measured, monitored, and mitigated or transferred in alignment with NiSource’s risk posture and in support of NiSource’s overall strategy.  The position directs an internal team and several teams of external resources.
Essential Functions

• Develops, implements, administers and maintains NiSource’s company-wide insurance programs, including the negotiation of premiums, deductibles/retentions, and terms and conditions for over 15 independent lines of coverage with a budget exceeding $50 million

• Implement strategy and enhancements within all insurance programs that align to changes in NiSource’s business operations, risk posture, and market offerings

• Develop and institute corporate insurance loss prevention programs to reduce claims exposure and optimize total cost of risk

• Manage and maintain relationships with external parties including brokers, underwriters, and industry peers to ensure access to domestic and global insurance markets at competitive pricing

• Develop and execute the underwriting and investment strategy of NiSource’s captive insurance company with over $170 million in assets, managing third party service providers and maintaining compliance with insurance regulations

• Direct enterprise-wide claims management function responsible for the settlement strategy, timely and professional administration, and reserve practices of insured claims, including emergency response activities and engagement with claimants, adjusters, insurers, and internal/external legal counsel

• Oversee NiSource’s credit risk function and ensure coordination with business partners in respect to contractual risk transfer to third parties

Required Qualifications For Position

• Bachelor's degree from an accredited college/university

• Strong people leadership skills, focused on the personal and professional growth and development of others

• Proven ability to collaborate and influence across all levels and functions with the organization to achieve corporate objectives

• Ability to quickly establish rapport, credibility, trust, and respect at an executive level

• Ability to maintain professional discretion with sensitive, highly confidential, proprietary, and competitive information at all times

• Proven program and project leadership experience on high impact, cross-functional initiatives

• Excellent communication skills, with the ability to convey complex or abstract ideas clearly and succinctly through verbal and written communications

• Strong critical thinking and qualitative and quantitative analytical skills

• Ability to structure, analyze, and present decision focused alternatives

• Accustomed to working in complex, ambiguous environments

Preferred Additional Qualifications for Position

• 8-10 years of experience in corporate insurance functions

• Demonstrated experience in the management of a captive insurance company

• Proven command of risk transfer provisions in contractual documents

• Utility industry experience, including knowledge and understanding of the regulatory construct and opportunities to expand that construct

• Advanced degree and/or professional designation in a related field

Work Authorization

Authorized to work in the United States without requiring sponsorship.

Inclusion & Diversity 
Value inclusion within your day to day responsibilities by respecting others perspectives/convictions, engaging others opinions, creating a safe environment where people, ideas, and opinions are valued within your Team/Customers and external partners.

Respect and take into consideration diversity within your Team/Customers and external work partners by valuing different world views, challenges, and cultures that represent all walks of life and all backgrounds.

Treat others with respect and consideration. Actively participate in creating and contributing to a positive work environment.

Equal Employment Opportunity 
NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle.

By applying, you may be considered for other job opportunities. 

Salary Range*:

$155,400.00 - $233,100.00

*The salary offered to a candidate is based on several factors including but not limited to the candidate’s skills, job-related knowledge, and relevant experience, as well as internal pay equity.

Posting Start Date:

2025-04-14

Posting End Date (if applicable):

2025-04-25Please note that the job posting will close on the day before the posting end date.