Director, Insurance & Enterprise Risk Management

Director, Insurance / Enterprise Risk ManagementStatus: Exempt (Salaried)Department: FinancePlug PowerPlug Power is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 50,000 fuel cell systems and over 165 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug Power is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. Plug Power will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. For more information, visit www.plugpower.com. Position SummaryThe Director, Insurance / Enterprise Risk Management will oversee the development and implementation of Plug’s global insurance program and Plug’s enterprise risk management program in order to identify, assess, and make recommendations that will manage and mitigate Plug’s operational and financial risks. The Director, Insurance / Enterprise Risk Management will work closely with Plug’s Legal, Finance, and Internal Audit teams as well as Plug’s insurance broker to ensure expanding global coverage needs and contractual obligations are met. In addition, this position will assess risk exposures and related financial impact, negotiate insurance coverage, and oversee resolution of claims. Over time this individual also will be responsible for building out and managing an appropriate team. The Insurance / Risk Management Director should be an expert in the insurance industry and have demonstrated experience building out a global insurance and enterprise risk management programs.Core Duties and ResponsibilitiesWork closely with insurance companies to manage the negotiation and renewal of insurance coverage for all policies.Implement and conduct risk assessments for existing and new company lines of business, and any developing company policies in order to mitigate risk and liability claims.Manage the meetings and activities of the internal ERM management committee.Work closely with executive leadership to report any claims or potential litigation against the organization to necessary stakeholders and to prepare materials to present to the Plug Board of Directors as needed.Develop presentations outlining findings, identifying, and explaining potential risks, and recommending solutions to executive leadership.Develop and implement contingency plans to manage business interruptions, volatile market events, and other emergencies.Ensure proper process for documentation and payment of claims.  Maintain knowledge of existing and developing laws and regulations relating to the hydrogen and fuel cell industry; assess and explain to leadership how new requirements may affect Plug Power in terms of risk exposure.Ensures Sarbanes-Oxley compliance as it relates to reconciliation of insurance billings against claims.Education and Experience Bachelors degree in Business, Finance or related discipline.A minimum of ten (10) years of experience in insurance or enterprise risk management in a large, complex organization.International insurance experience preferredPublicly traded company experience preferred.Must demonstrate experience as a subject matter expert in insurance or risk management industry.Must demonstrate experience successfully implementing or managing a complex risk management program at the corporate level.Must possess strong analytical and financial acumen.Must possess strong leadership skills and ability to communicate effectively with leadership, business unit leaders and brokers. Must possess ability to gather and analyze data to create executive level reports for management.Pay Rate:$106,849.00 - $170,958.00We offer a fantastic total rewards package at Plug, and a brief summary is below:✓Base salary is determined on a number of factors including but not limited to education, experience, skills, and geography. These factors are considered when making an offer of employment.  If you are interested in this position, we’d ask that you apply.✓The above pay range, may not take into account local geographic pay variations. If there is an applicable geographic differential, a member of the HR team can discuss that with you. ✓Health, Dental & Vision Insurance eligibility starting from the first day of hire✓401(k) with 5% company match✓Bonus eligibility✓Paid time off including vacation, personal and sick time✓Paid Holidays✓Wellness Reimbursement Program✓Potential to apply for Tuition Reimbursement✓Employee Referral program✓Employee Assistance ProgramPlug Power Inc. is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status