Director, Insurance and Enterprise Risk Management

TerraPower is a nuclear technology company based in Bellevue, Washington. At its core, the company is working to raise living standards globally through a more affordable, secure, and environmentally friendly form of nuclear energy along with innovations in medical isotopes to improve human health. In 2006, TerraPower originated with Bill Gates and a group of like-minded visionaries who evaluated the fundamental challenges to raising living standards around the world. They recognized energy access was crucial to the health and economic well-being of communities and decided that the private sector needed to take action and create energy sources that would advance global energy deployment. TerraPower’s mission is to be a world leader in new nuclear technologies, while developing innovators and future leaders in the nuclear field. As a result, the company’s activities in the fields of nuclear energy and related sciences are yielding significant innovations in the safety and economics of nuclear power, hybrid energy and medical applications – all for significant human health benefits.”

TerraPower is seeking to hire highly motivated and forward-thinking professionals who are interested in focusing on advanced nuclear reactor research and development and influencing change within the nuclear power landscape and bringing forward the critical production of medical isotopes. TerraPower is an Equal Opportunity Employer. We do not discriminate in hiring on the basis of sex, gender identity, sexual orientation, race, color, religious creed, national origin, physical or mental disability, protected Veteran status, or any other characteristic protected by federal, state, or local law.

Director, Insurance and Enterprise Risk Management

TerraPower is seeking a highly talented and motivated candidate for the position of Director, Insurance and Enterprise Risk Management. Director, Insurance and Enterprise Risk Management will report to Associate General Counsel, Legal. TerraPower’s Director, Insurance and Enterprise Risk Management, is responsible for proactively managing TerraPower’s company insurance programs, managing and advising on project-specific insurance, and ensuring that TerraPower responsibly manages business risk through effective claims prevention and management.

Responsibilities

Insurance Program Management:

• Manage TerraPower’s corporate and project-specific lines of insurance, including corporate property and casualty, financial and professional liability, project-specific insurance placements (e.g., builder’s risk; OCIP/CCIP), and other lines of coverage.
• Partner with finance to manage TerraPower’s surety program, including bonding capacity, surety relationships, collateral requirements, and indemnity obligations.
• Function as a subject matter expert on US and international nuclear liability frameworks and nuclear insurance policies. Provide expert guidance on US nuclear licensing requirements, including but not limited to 10 CFR § 50.54(w), 10 CFR § 50.75, and 10 CFR § 140.11.
• Manage insurance broker relationships and partner with TerraPower’s insurance broker to develop placement strategies, negotiate coverage terms, manage claims, and issue certificates of insurance.
• Work collaboratively with TerraPower engineering teams and environmental health, and safety (EHS) stakeholders to evaluate and implement loss control measures, with particular consideration for total cost of risk (TCOR).
• Evaluate, develop, and/or implement alternative risk transfer programs and/or specialty insurance products as needed.
• Provide continuous analysis of TerraPower risk appetite, risk bearing capacity, and risk sharing standards during insurance placements and renewals, referencing advanced risk analytics and loss modeling, when available.
• Collaborate with legal, procurement, and contracts teams to negotiate vendor, customer, and other commercial contracts, including indemnity provisions, risk of loss provisions, TerraPower insurance requirements (e.g., policy coverage, limits, and exclusions), and counterparty insurance requirements. Work with contracts and procurement to ensure counterparty compliance with contractual insurance provisions.