Job Description
The Risk Management Specialist supports Talos's enterprise risk management, insurance, and surety programs in partnership with the Risk Manager, Treasury, brokers, and internal and external stakeholders. The role serves as a resource to business units on insurance and surety matters, while supporting renewals, claims, reporting, due diligence, and related financial and strategic projects.
DUTIES & RESPONSIBILITIES:
Insurance & Risk Management
- Support corporate insurance programs, including property, casualty, liability, cyber, D&O, workers' compensation, and specialty coverages.
- Support annual renewals by gathering exposure data, preparing submissions, coordinating with brokers and insurers, and evaluating structure, pricing, market conditions, and risks.
- Maintain policy, certificate, endorsement, schedule, claims, and coverage records; monitor key terms, limits, deductibles, exclusions, and requirements.
- Support claims management with brokers, insurers, adjusters, and internal business units.
- Assist with insurance policies, procedures, controls, and due diligence for transactions, projects, contracts, and strategic initiatives.
- Support the Company's ERM framework, including risk identification, assessment, mitigation, monitoring, reporting, and related governance activities.
- Partner with business functions to define risk appetite, evaluate mitigation strategies, strengthen controls, and support risk reporting to management and other stakeholders.
Surety Program
- Support management of the Company's surety program, including bonds, letters of credit, collateral requirements, capacity planning, renewals, and related financial assurance obligations.
- Coordinate with surety brokers, underwriters, governmental institutions, and internal stakeholders regarding bonding requirements, capacity, documentation, and approvals.
- Maintain accurate records of outstanding bonds, collateral, obligations, and related financial assurance requirements.
- Assist with surety-related due diligence for acquisitions, divestitures, projects, contracts, and strategic initiatives.
Business Unit, Broker & External Partner Support
- Advise business units on insurance, indemnification, financial assurance, certificates, contractual requirements, and risk-transfer matters.
- Partner with Legal, Finance, Treasury, Operations, Procurement, Accounting, and other functions on risk-related initiatives.
- Build productive relationships with brokers, carriers, underwriters, and external advisors.
- Coordinate meetings, information requests, renewals, program reviews, proposals, recommendations, and partner communications.
Financial & Strategic Analysis
- Support the Treasurer and Treasury organization on special projects, financial analyses, budgeting, forecasting, variance analysis, and strategic initiatives.
- Analyze insurance premiums, claims, deductibles, loss information, surety costs, collateral requirements, and other financial data to support business decisions.
EDUCATION & EXPERIENCE:
- Bachelor's degree in Finance, Risk Management, Business, or a related field.
- Minimum of 5-10 years of relevant professional experience in risk management, insurance, finance, Treasury, accounting, or a related discipline, preferably in the oil and gas industry.
QUALIFICATIONS & SKILLS:
- Reliable, proactive, and able to manage multiple priorities, detailed procedures, and deadlines in a dynamic environment.
- Strong written and verbal communication skills, with experience collaborating across operating groups and external partners.
- Demonstrated experience interacting with insurance and surety brokers, underwriters, and internal stakeholders.
- Analytical, project-oriented problem solver with strong judgment, integrity, and commitment to professional development.
- Strong Microsoft Excel and PowerPoint skills.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
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