Director, Risk Management & Insurance

Location: Req ID: 3136 Our core assets provide services for customers in the Delaware Basin in West Texas and New Mexico, and the DJ Basin in northeastern Colorado, and the Powder River Basin in Northeast Wyoming. Additional assets and investments are located in South Texas, Utah, and Southwest Wyoming. We’re engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing and transporting condensate, natural gas liquids (NGLs) and crude oil; and gathering, transporting, recycling, treating and disposing of produced water for our customers. In our capacity as a natural gas processor, we also buy and sell natural gas, NGLs, and condensate on our behalf and our customers under certain gas processing contracts. Western Midstream (WES) is publicly traded on the New York Stock Exchange under the symbol, WES. Job Summary Western Midstream is currently seeking a Director, Risk Management and Insurance to report to the Vice President, Planning and Treasurer, and will assist in the placement and administration of the corporate insurance program, including the preparation of underwriting submissions, presentations and meetings with underwriters, facilitating the Enterprise Risk Management function, payment of invoices, reviewing coverage binders and insurance policies, developing budget forecasts, reviewing policy audits, contract reviews, and claim handling oversight; basic day to day management of the Risk Management and Insurance Team. Responsibilities: Act as the primary risk management and insurance point of contact on a day-to-day basis and handle complex issues as appropriate. Work with management to drive the development of the strategy and operational objectives for the risk management and insurance function. Work closely with the Vice President, Planning and Treasurer to ensure the exposures of WES are being identified and analyzed on an ongoing basis and management of the insurance and surety programs and focus on strategic analysis and emerging risks. Work closely with the Legal Department, Supply Chain, Operations and Commercial Services in development and/or review of revised language of various contracts and maintain a clear understanding of the relevance of those provisions. Serve as a liaison amongst WES stakeholders and counterparties during the negotiation of non-standard contract terms and determine and address each affected department’s needs relative to those terms. Review and analyze insurance policies when an interpretation of contract terms is needed, or when identification of differences in selected terms across contracts is required. Manage the risk management team including review of work performed by the risk analyst(s), providing professional guidance, and ensure the quality of deliverables meets expectations; position may have several analysts reporting directly. Develop analysis and reporting as needed for management. Periodic travel will be required (e.g., property risk surveys, underwriter meetings (domestically and London/Bermuda), policyholder conferences, etc.) Lead projects as assigned and as needed. Qualifications: A minimum of (7-10) years’ experience in the risk management and insurance field, with a minimum of 5 years’ experience in the oil and gas industry; OR an equivalent combination of related education, training and work experience. A minimum of 2 years’ experience managing direct reports preferred. Experience working with insurance policies, underwriting submissions, underwriter presentations and formal face to face meetings, contract/agreement reviews. Working knowledge of all of the key commercial business insurance coverages, including but not limited to: property/business interruption, commercial general liability, directors and officers liability, builder’s risk, pollution liability, and cyber liability insurance products and structures. Possess excellent organizational skills and the ability to work on multiple tasks with little supervision. Have excellent interpersonal skills, and excellent written and oral communication skills. Education: Bachelor’s Degree required, additional education in Risk Management and Insurance Preferred. Certification/Licenses: Preferred to have the following designations: CPCU, ARM and/or other commercial insurance designations; a law degree is preferable with experience reviewing contracts and understanding of indemnification in contracts. Relocation: This position is eligible for relocation. Travel Requirements: Travel will be required up to 10% Work Schedule: This position is eligible for the Company’s flexible work schedule (in office on Monday, Tuesday, and Thursday, work from home Wednesday and Friday as allowed by individual manager). Western Midstream does not offer sponsorship of employment-based nonimmigrant visa petitions for this role. Western Midstream is an equal opportunity employer committed to diversity in recruiting, hiring, developing, compensating and promoting applicants and employees. All employment decisions are made without regard to sex, race, color, religion, national origin, citizenship, age, disability, marital or veteran status, sexual orientation, gender identity or expression, or any other legally protected categories. This includes providing reasonable accommodation for employee's and applicant's disabilities or religious beliefs and practices. To learn more about our Pay-for-Performance Compensation and our comprehensive benefits package, click here Nearest Major Market: Houston