Associate Risk Manager

Manages Chevron's insurance programs and collaborates with Chevron Law on the management of risk strategies.

Leads projects of large scope and complexity under minimal supervision. Work regularly has BU level impact. Detailed knowledge of work function, related functions, and industry practices.

Chevron is accepting online applications for the position Associate Risk Manager through June 20th, 2025 at 11:59 p.m. (CST).  

Chevron Corporate Overview

Chevron is one of the world’s leading integrated energy companies and conducts business worldwide. Detailed information for the countries where Chevron’s work is most extensive is available at www.chevron.com/worldwide. Our success is driven by our people and their commitment to get results the right way-by operating responsibly, executing with excellence, applying innovative technologies, and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market, and distribute transportation fuels and lubricants; manufacture and sell petrochemical products and generate power. Chevron is headquartered in Houston, Texas. More information about Chevron is available at www.chevron.com.

Chevron Associate Risk Manager Job Description

We are looking for an insurance professional in our Corporate Treasury Department. The position of Associate Risk Manager has responsibility in two key areas: 1) support of the analytical design and implementation of Business Unit & Corporate insurance programs, in coordination with Treasury management, Chevron’s business teams and external stakeholders (e.g., insurance brokers and underwriters); and 2) assistance to business units and capital project teams for technical insurance expertise and advice, including contract analysis, and project-specific insurance programs for joint ventures.

As one of a team of Treasury and insurance professionals, the Associate Risk Manager works closely with business unit staffs, internal legal groups, and other Treasury groups as appropriate. Some domestic and international travel (up to 15%) can be expected.

This is an exciting opportunity to work as part of a collaborative and diverse team supporting an international portfolio of assets and organizations across the company.

Key Considerations:

Position is located in Chevron’s headquarters in Houston, TX

Interest in acting as an insurance subject matter expert with an expectation to develop in role over a number of years.

Ability to travel to company operating locations on short notice.

Chevron’s Finance organization looks for career-minded individuals with technical and leadership potential. Chevron emphasizes continuous learning and development - enabling employees to have successful and challenging careers. We believe that you drive your career. The company rewards strong performance by providing professionals with advancement opportunities across the corporation.

Responsibilities for this position include but are not limited to:

Company Insurance Programs

• Coordinate with business units and corporate staff for the compilation of underwriting information required to support the process of arranging insurance;
• Respond to external stakeholders (brokers, underwriters) on requests for specific underwriting questions and issues, which commonly involves coordination with various internal operating groups; 
• Evaluate insurance program alternatives and provide analytic support to Treasury management in helping to frame and implement preferred designs;
• Review draft insurance policy terms and conditions in coordination with brokers; finalize insurance policies and coordinate payment of premiums;
• Work closely with business units to identify, assess and mitigate key risks by means of appropriate insurance solutions;
• Coordinate the insurance claim recovery process for those programs arranged by the Associate Risk Manager and potentially for other company programs;
• Coordinate with business teams to arrange & facilitate broker RFP’s as required.

Contract Analysis

• Support business units and legal groups for review of exceptions to company’s standard contract insurance language (e.g. oilfield service agreements);
• Liaise with Chevron commercial representatives in developing preferred language in various foundation agreements, such as JOA’s;
• Communicate with contractors and vendors to explain and defend the company’s position on insurance requirements in Chevron contract models;
• Review requests made to Chevron from outside parties for evidence of insurance; review contract obligations of Chevron; provide counsel to business and legal groups, and develop self-insurance letters or certificates of insurance, as required.

Joint Venture and other Special Insurances

• Coordinate with business units and joint venture partners for insurance programs required pursuant to contract or other local obligations;
• Support the company’s major capital projects, for both contract review and construction insurance requirements;
• Consider the effective use of captives for the required insurance;
• Arrange and administer other unique insurance programs which may be required in special circumstances;
• Act as the insurance subject matter expert and advise internal teams on potential risks and coverage requirements for specific assets;
• Assist in formulating the tender documents and provide guidance in the tender evaluation and selection process;
• Support commercial teams involved with various transactions, including divestitures or acquisitions.

Miscellaneous

• Remain current with insurance marketplace trends and developments to ensure awareness of available coverages, changes in insurance law and major legal decisions;
• Develop and maintain working relationships with business units, peers and external stakeholders (brokers, underwriters, loss adjusters);
• Provide guidance to business units on Chevron’s insurance principles and philosophy, and assist with questions relating to Chevron’s insurance approach;
• Prepare ad-hoc presentations and analyses as requested.

Required Qualifications:

• Bachelor's or higher degree in Business, Economics, Engineering or related field;
• 7+ years of Risk Management experience, either in a corporate insurance environment, an insurance brokerage firm or insurance company. Energy, Marine or large-scale manufacturing experience strongly preferred.
• Ability and willingness to travel to locations that Chevron operates anywhere in the world when required.

Preferred Qualifications:

• Associate in Risk Management (ARM) or Chartered Property Casualty Underwriter (CPCU) is helpful, but not required;
• Advanced level knowledge in design, development and placement of insurance programs- using both commercial markets and captives;
• Broad technical knowledge of the typical insurance programs & coverages common with Chevron’s operations and the energy industry in general;
• Specialized knowledge in D&O, shipping and marine, aviation, or worker’s compensation insurances helpful, but not required;
• Familiarity with the risks and insurance aspects associated with emerging businesses of the energy transition (hydrogen, CCUS, SAF, biofuels, etc.) a plus;
• Excellent communication skills with an appreciation for being proactive;
• Outstanding prioritization and organizational skills;
• Self-starter, resourceful with the ability to see the big picture while not losing sight of the details;
• Ability to connect on shared goals. Build relationships with functional and cross-functional stakeholders. Comfortable offering suggestions & recommendations. Work collaboratively and recognize other's contributions. Meet commitments and obligations;
• Comfortable with a variety of technologies. Fluent in MS Office Suite (Outlook, Teams, Word, Excel, SharePoint);
• Is aware of cause-and-effect relationships. Recognizes ambiguity and asks informed questions.  Develops conclusions that are based on evidence/data and encourages others to make data-based decisions.

Relocation Options:

Relocation is not offered for this role. Only local candidates will be considered. 

International Considerations:

Expatriate assignments will not be considered.
Chevron regrets that it is unable to sponsor employment Visas or consider individuals on time-limited Visa status for this position

U.S. Regulatory notice:

Chevron is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, sex (including pregnancy), sexual orientation, gender identity, gender expression, national origin or ancestry, age, mental or physical disability, medical condition, reproductive health decision-making, military or veteran status, political preference, marital status, citizenship, genetic information or other characteristics protected by applicable law.

We are committed to providing reasonable accommodations for qualified individuals with disabilities. If you need assistance or an accommodation, please email us at emplymnt@chevron.com.

Chevron participates in E-Verify in certain locations as required by law.

Houston, Texas

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