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Do you want to apply your Insurance and Risk Management classroom education and knowledge inside the risk management department of a Fortune 500 company while enjoying all the activities, events and cultural experiences that the Washington DC area has to offer?
Headquartered in Arlington, VA, the AES Corporation (NYSE: AES) is a global power company that owns and operates a diverse and growing portfolio of electricity generation and distribution businesses, which provide reliable, affordable energy to customers in 14 countries. Our workforce is committed to operational excellence and meeting the world’s changing power needs.
As part of the Finance group, the Global Insurance Department is responsible for insurance procurement, providing risk management solutions, contractual risk management advisory, and risk financing strategies on behalf of and in collaboration with our global businesses. The department’s goal is to contribute to the financial success of all AES businesses by helping them manage their total cost of risk. The department is here to support all AES business’ endeavors, from early development, through the construction phase and to project retirement. Through Property captive insurance program, the department provides superior coverage and services to AES businesses at local market prices. The Global Insurance Department works closely with in-country Insurance Managers to identify opportunities to leverage our collective purchasing power to achieve further administrative efficiencies, cost reductions and improvements in insurance coverages and services. The Global Insurance team is located in Arlington, London, and Buenos Aires.
Assist with the US Casualty, Global Property, and U.S. Financial Professional insurance renewals including:
Assembling renewal information from local contacts
Participating in underwriting meetings with the insurance markets when possible
Assisting in review of final issued policy documentation
Assist the development and construction team with assembling information from local contacts in order to standardize contractual risk management forms
Compile risk data on the AES businesses and insurance programs
Analyze data and assist in the production of risk and upper level management reports
Assist in the refinement of internal spreadsheets that house the risk data
Support our department’s work stream which is the continued consolidation of our global insurance programs.
Identify strategies for improved efficiencies in data and documentation collection, storage and analysis.
Attend local Risk Management and Insurance Management Society, Inc. (RIMS) meetings along with the Global Insurance team.
Pursuing a BBA with a concentration in Risk Management and Insurance
Prefer GPA of 3.0 or higher
Prefer rising junior or senior, but will consider other class levels
Demonstrated self-motivation and ability to focus in an open workspace office environment or if working from home
Ability to work independently under minimum supervision
Ability to contribute in a team environment
Comfortable in a fast-paced environment and dealing with ambiguity
Proficient in Excel and PowerPoint
Strong verbal, written communication and interpersonal skills
The AES Corporation (NYSE: AES) is a Fortune 500 global power company. Working with you, we’re improving lives by delivering greener, smarter energy solutions the world needs. Our people are our energy and have transformed AES into the type of energy company that the world needs today, and in the future. Coming from all walks of life, our people share a passion for improving lives by improving the energy sector through innovation, collaboration and action. Because when we work all together, that’s when we’ll make the greatest impact to improving lives.