Risk Specialist - Equipment Breakdown

Company: Sovereign
Department: Risk Engineering
Employment Type: Remote Work Model
Language: English is required, French is an asset.

The Opportunity:

As a wholly owned subsidiary of the Cooperators General Insurance company, Sovereign Insurance believes your experience matters. This is our promise to not only our clients but to our employees as well, because we know the strength of our company starts with our people. The smart, curious and collaborative people who bring their whole heart and passion to work each day. But you can't pour from an empty cup; we take care of the well-being of our people so that they are inspired to protect Canadian businesses and the lives, families and communities we impact. Join us and begin shaping your experience at Sovereign.

The Risk Specialist – Equipment Breakdown will assess an insurance client’s equipment breakdown and operational risk as well as other inherent hazards. These assessments will support Underwriters, Brokers, Insureds and Claims Adjustors with quantifiable risk related information and produce material loss prevention recommendations.

 How you will create impact:

• Conduct equipment breakdown assessments of large complex risks to identify hazards/exposures that allow your underwriting partners to make risk selection, rating and pricing decisions.
• Prepare engineering reports, technical articles and bulletins to inform underwriting decisions including risk improvement recommendations to enhance our client’s risk mitigation practice.
• Prepare detailed estimates of potential losses to repair or replace mechanical, electrical and operating systems based on market and industrial intelligence, internal data and engineering expertise and judgement.
• Perform annual reviews of large complex risks/accounts and present to underwriting leadership.

How you will succeed:

• You thrive on delivering our exceptional client experience through positive and engaging relationships; embracing accountability to achieve effective results.
• You ensure your day-to-day actions are in harmony with the company’s purpose, vision, and values even when challenged.
• You will support and guide others through changing conditions and encourage the exploration of new opportunities or innovations.
• You value cooperative and collaborative dialogue because diverse perspectives offer more creative and productive solutions. 

 To join our team:

• A minimum of 10 years of heavy industry experience, preferably in power generation (including renewable energy), manufacturing, molten material (iron, steel, etc), chemical or oil and gas.
• Prior roles or experience related to engineering design, operations, maintenance, reliability/asset care, commissioning or risk management
• Extensive experience with power generation rotating equipment such as turbines (gas, steam or hydraulic) and/or associated generators is desirable
• A degree in Engineering (Mechanical, Electrical, Chemical or related field) or equivalent experience.
• Strong communication skills, to establish relationships and convey opinions to both internal and external stakeholders a must
• The following, although not required, are considered assets:
  • Provincial Professional Engineering license
  • Equipment breakdown insurance experience, CRM or CIP designation
  • National Board of Boiler & Pressure Vessels (NBBI) In-service (IS) commission

What you need to know:

• Detail oriented work that requires a high degree of mental concentration for extended periods of time. 
• A high degree of confidentiality and discretion is required.  
• You are required to have a valid driver’s license.
• Role requires lifting, physical exertion at a moderate level.
• You will travel occasionally.

What’s in it for you? 

• The opportunity to take on challenging work and contribute your expertise, creativity, and passion in meaningful ways.
• A comprehensive total rewards package, including competitive salary, bonus, paid time off, pension and benefits.
• A holistic approach to your well-being, with physical and mental health programs and flexible work options.
• The opportunity to work on an inclusive team who inspire each other to explore and achieve what’s possible.
• An organizational commitment to sustainability and charitable giving; positively impacting the social, environmental and economic well-being of Canadian businesses, families and communities.