Senior Analyst, Risk & Insurance

Overview

Are you ready to be part of a company that 0 actively shaping the future? Join The AES Corporation (NYSE: AES), a Fortune 500 company leading the global energy revolution. With operations spanning 14 countries
, AES values innovation, collaboration, and recognition as one of the Top Ten Best Workplaces for Innovators by Fast Company in 2022. We are Great Place to Work certified, reflecting our commitment to people and ideas. AES is ranked #1 globally in renewable energy sales to corporations, with $12.7B in revenues in 2023 supporting electricity delivery to 25 million customers worldwide
. As the world moves toward a net-zero future, AES aims to meet the Paris Agreement goals by 2050, including innovative solutions like 24/7 carbon-free energy for data centers.

If you are ready to drive change with a cleaner, more sustainable future, AES is the place for you. Apply now to energize your career with a leader in the global energy transformation.

Reporting to the Treasurer of the AES US Utilities business unit ("US Utilities"), the Senior Analyst, Risk & Insurance, in coordination with the AES Global Insurance and Risk Management teams, is responsible for supporting the identification, evaluation, mitigation, and management of the US Utilities exposure to financial, operational, contractual, and reputational risks. A significant part of the role includes assisting in the administration of insurance policies, certificates, bonds, claims, conducting research, analyzing relevant data, and formulating recommendations to enhance the US Utilities risk profile while supporting power and commodity hedging programs.

The US Utilities business unit comprises AES Indiana and AES Ohio.

• Risk Identification and Assessment: Support efforts to identify potential risks across financial, operational, strategic, and compliance domains. Participate in risk assessments by collecting and analyzing data from various organizational units.
• Data Collection and Analysis: Aggregate and interpret internal and external data pertaining to business operations, incidents, hazards, and industry trends. Use statistical and analytical tools to identify patterns and support risk management decisions.
• Insurance Administration: Assist in the management of insurance policies, certificates, and bonds. Ensure accuracy and currency of documentation. Serve as a liaison with other teams, insurance brokers and carriers as needed.
• Claims Management: Support the claims process, including prompt notification of incidents, compiling necessary documentation, maintaining communication with stakeholders, and facilitating settlements.
• Reporting and Documentation: Prepare periodic and ad hoc reports for leadership, summarizing financial risk exposures, claims, risk mitigation recommendations, and other required reports. Organize and maintain thorough records.
• Compliance Assistance: Facilitate compliance with applicable laws, regulations, and internal risk and insurance policies and procedures for US Utilities.
• Process Improvement: Identify and recommend enhancements to risk and insurance processes to improve efficiency and reduce costs. Contribute to evaluating and implementing innovative solutions and best practices.
• Stakeholder Communication: Clearly communicate findings, concerns, and recommendations to colleagues, management, and external partners.
• Administrative Support: Provide general administrative assistance to the risk and insurance teams and engage in additional support as required.

• Undergraduate degree with a focus in business, finance, insurance, risk management, or a closely related discipline is preferred;
• 1-3 years of relevant professional experience in risk analysis, insurance, finance or a related area is advantageous
• Extensive knowledge and capabilities to work in Microsoft Word, PowerPoint, and Excel
• Experience in data analytics or risk modeling tools is a plus.
• Self-starter with ability to work independently and with a team in a fast-paced and high-volume environment with emphasis on accuracy and timeliness
• Highly organized team player – can easily respond to changes in work…