Risk & Insurance Specialist

Job Title: Risk & Insurance Specialist

Department: Finance, Accounting, Billing & Risk

Location: Amarillo, TX; in-office

Employment Type: Full Time; Exempt

About Us

Golden Spread Electric Cooperative, Inc. generates electricity for the purpose of delivering cost-effective and reliable power to our 16 Member Distribution Cooperatives. As a cooperative, we are not-for-profit and provide services exclusively for our Members. Our team values integrity, respect, cooperation, and service.

Position Summary

We’re looking for a detail-oriented Risk & Insurance Specialist to lead and manage our corporate insurance programs supporting a diversified $1B+ asset portfolio. This role serves as the subject matter expert on insurance coverage, risk transfer strategy, and analytics, ensuring the right balance of coverage, cost, and risk exposure. The ideal candidate is an analytical and collaborative professional who can assess risk strategically and partner with stakeholders to drive informed, cost-effective decisions.

Key Responsibilities

• Lead the annual insurance renewal process, including data collection and underwriting submissions, exposure analysis and coverage evaluation, and coordination with brokers and carriers.
• Administer and manage day-to-day activities related to GSEC’s insurance programs supporting $1B+ asset portfolio, including property, general liability, workers’ compensation, and progressional liability as well as policy documentation, endorsements, and coverage tracking.
• Provide support and recommendations to leadership on risk and insurance-related issues, prioritization of resources, rates, issues, and risk exposures.
• Collaborate with cross-departmental teams to support achievement of enterprise-wide goals related to risk management and insurance. This includes the review insurance reports and policies done by internal personnel and outside consultants/brokers.
• Analyze insurance terms, limits, deductibles, and structures to ensure appropriate coverage and cost effectiveness.
• Develop and maintain detailed schedules of insurance coverage, assets, and exposures.
• Monitor market conditions and industry trends in insurance pricing, coverage, and availability, providing insights and recommendations.
• Coordinate and support the claims process from incident through resolution, including working with internal personnel, carriers, and adjusters, tracking claim status and ensuring timely resolution.
• Support loss prevention activities, including coordinating site inspections, reviewing loss control reports, and tracking remediation actions.
• Maintain claims data and perform trend analysis to identify recurring risks and cost drivers.
• Provide support for negotiations with insurance carriers to secure competitive rates, terms, and coverage; manage the annual renewal process and any policy amendments, including compiling and analyzing underwriting data.  
• Work directly with Special Facility Agreement (SFA) Members to ensure SFA assets have the appropriate level of insurance coverage and be the interface between the SFA Member and the insurance company and its adjusters when a loss occurs.
• Assist in translating business strategy and associated risk exposure into actionable business requirements, setting standards and measuring progress.
• Perform benchmarking and comparative analysis against industry standards.
• Support enterprise risk management activities by providing insurance-related risk insights, contributing to risk identification and assessment efforts and supporting periodic reporting to leadership and committees.
• Support internal audits and compliance activities related to insurance programs
• Assist with training and awareness on insurance-related topics.
• Attend meetings, workshops, conferences, webinars, and conference calls on insurance, risk management, and/or crisis management to remain updates on best practices.
• Other duties as assigned.

Qualifications

• Bachelor's degree in risk management, finance, or business; Minimum 5 years’ relevant work experience may substitute for educational requirement.
• Master’s degree or professional certification preferred.
• 5+ years of experience in finance, risk management, insurance, and/or plant operations required.
• Knowledge of property and casualty insurance, claims adjustment, and risk analysis preferred.
• Knowledge of power generation, transmission, and distribution facilities preferred.
• Thorough understanding of utility industry hazards and insurance programs preferred.
• Ability to analyze data and reports, conduct research, implement recommendations, develop plans, procedures, and goals; present information to executive leadership.
• Willingness to own areas of responsibility, forge strong internal and external professional relationships, and contribute within a team environment.
• Ability to quickly assess the impact of new relevant industry, legal and regulatory information, and apply knowledge to specific issues or situations that are relevant to GSEC.
• General knowledge of industry regulatory rules and regulations (FERC, NERC, CFTC, RTO/ISO), state regulatory requirements, and administrative procedures of the associated regulatory bodies is preferred.
• Must maintain confidentiality with the use of sound judgement related to sensitive matters. 
• Maintain composure, use sound judgment, and meet deadlines while working in a dynamic environment with frequently changing circumstances.
• Must work well within a self-directed, team-based environment.

What We Offer

Schedule Options

Traditional Schedule: M-F, 8am-5pm; or

Flex Schedule: M-TH, 7:30am-5:30pm, F, 7:30am-11:30am

Benefits

• Comprehensive medical, dental, and vision coverage.
• 401k with employer match and retirement pension.
• Accrued PTO plus 9 paid holidays.
• Wellness program.
• Employee assistance resources.

…and much more!

Company Culture

Our culture is built on collaboration, connections, and a strong commitment to service. We take pride in supporting our Members and their rural communities. We want every employee to understand the meaningful impact of their work for our Members. We invest in our team through ongoing learning, training, and professional growth. We value work-life balance and support strong family values.