FirstEnergy at a GlanceWe are a forward-thinking electric utility powered by a diverse team of employees committed to making customers' lives brighter, the environment better and our communities stronger.FirstEnergy (NYSE: FE) is dedicated to integrity, safety, reliability and operational excellence. Headquartered in Akron, Ohio, FirstEnergy includes one of the nation's largest investor-owned electric systems, more than 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions, and a regulated generating fleet with a total capacity of more than 3,500 megawatts.About the OpportunityThis is an open position with the FirstEnergy Service Company, a subsidiary of FirstEnergy Corp. [SC00]The position is within the Risk group and reports to the Vice President and Chief Risk Officer. It is located within our five-state service territory (Ohio, Pennsylvania, Maryland, West Virginia, or New Jersey), with travel as needed.The Corporate Risk Team works to make risks actionable to help FirstEnergy achieve our strategic objectives leveraging our comprehensive and proactive Risk program that enables risk-informed decisions and the pursuit of opportunities. The Insurance function specifically ensuring the right coverage to mitigate enterprise risk at the appropriate cost while maintaining value for customers. This role will work across the Enterprise to assure Top Risk mitigation, FirstEnergy insurability and engage appropriate with the market to continuously assess capacity for products relevant to mitigating FE's risk.Responsibilities include:Providing a strategic focus to the risk insurance functionOversee all operations of Insurance team with the goal of ensuring the right coverage to mitigate enterprise risk at the appropriate cost while maintaining value for FirstEnergy customersStrategically plan insurance renewals with brokers to explore current program efficiency and evaluate alternativesStrategically assess the correlation between top risks and the amount of coverage FE purchases by working with Claims/Legal to understand cost of insurance versus potential payout based on history and forward-looking expectations/trends in the industry - help inform strategic decisions on coverage and cost to mitigate riskInnovate programs to enhance insurance efficiency and overall risk mitigation for FEEngage with industry mutual insurers to ensure visibility and provide guidance on insurer strategy and operationsEngage regularly with all insurers to ensure full understanding of FirstEnergy OperationsEducate across the organization about insurance programs, the value of loss prevention, and steps to support favorable Insurance premiumsAdvise leadership on specific strategic insurance concerns as they arise due to the FE transition from a merchant generator to a fully regulated entity, specifically including, but not limited to, liability related to legacy and current generation sites, coal ash disposal sites and potential transactions regarding those sitesStrategically determine and oversee necessary analytics of underlying top risks that will produce the risk profile and help evaluate appropriate mitigationProactively engage with senior leadership across the organizationServe as Insurance Subject Matter Expert for Senior management and the BoardProvides annual reporting to the Finance committee of the Board on insurance program performance and updates to the Enterprise Risk Management Committee as appropriateDirectly engage with CRO on strategyCollaborate with Director of ERM to identify policies aligned with Top Enterprise Risks where cost effective products are available and to ensure residual risk is within risk toleranceCreate and leverage network across the industryEngage Senior Leadership at Industry Mutuals to ensure visibility and fair treatment on renewals and claimsAttend ind