Risk Senior Manager

Risk Senior Manager Non-Union Position Treasury; Portland, Oregon (US-OR) Hybrid schedule available for Oregon & Washington residents. Regular FT, Exempt Posting # 5755 About Us: At NW Natural, we offer more than rewarding career opportunities and a vibrant, inclusive work culture. We invite you to join us in providing safe and reliable utility services and renewable energy to better the lives of the communities we serve. Our vision is to be the leader in service excellence, innovation and environmental stewardship for our customers, while building on our strengths as a trusted energy provider and environmental leader for our industry. In addition to environmental stewardship, we’re also deeply committed to Diversity, Equity and Inclusion at NW Natural. Our DEI Council started 21 years ago, and today we continue to foster a culture where all employees can experience a sense of belonging, shared purpose and possibility. NOTE: This hybrid position is based at our headquarters in downtown Portland, Oregon. Candidates must reside within commuting distance of the office or be willing to relocate to the Portland metropolitan area. Employees are required to work onsite Tuesdays through Thursdays each week, with remote work flexibility on Mondays and Fridays, subject to business needs. This schedule supports collaboration, connection, and team engagement while providing flexibility for focused remote work. Why Join Us?: This is an opportunity to shape and influence risk strategy across a critical infrastructure organization. The Senior Risk Manager plays a highly visible role, partnering with senior leaders across finance, operations, regulatory affairs, legal, treasury, and commercial functions to help support the long-term resilience and success of the company. The role offers broad exposure across insurance, enterprise risk, financial risk, and strategic initiatives, making it an excellent opportunity for an experienced risk professional looking to make a meaningful impact. Position Summary: We are seeking an experienced and strategic Senior Risk Manager to lead and advance the company’s risk management, insurance, claims, and financial risk management programs and teams. This role serves as a key advisor to senior leadership and business partners in identifying, assessing, mitigating, and monitoring risks that could affect the organization’s strategic objectives, financial performance, operations, regulatory compliance, or reputation. The Senior Risk Manager will oversee the company’s insurance portfolio, risk management, and utility middle-office risk functions, including credit risk management, contract administration, risk reporting, and compliance monitoring. The ideal candidate brings a combination of insurance expertise, financial acumen, risk management leadership, and strong business partnership skills. Essential Duties & Responsibilities: Insurance & Risk Financing Direct the administration of corporate insurance programs, including property, casualty, cyber, environmental, workers’ compensation, directors and officers liability, automobile, and specialty coverages. Lead annual insurance renewals, underwriting presentations, broker strategy, and carrier negotiations. Evaluate insurance requirements related to capital projects, acquisitions, contracts, and new business initiatives. Develop recommendations regarding insurance program structure, retentions, deductibles, and alternative risk financing solutions. Maintain strong relationships with brokers, insurers, consultants, and external advisors. Track insurance market developments and advise leadership on emerging opportunities and risks. Collaborate with claims department related to insured and self-insured claims programs. Coordinate with internal stakeholders, insurers, third-party administrators, brokers, and legal counsel. Monitor and analyze claims and loss trends and identify opportunities to reduce the company’s total cost of risk. Develop reporting for management and leadership regarding loss trends and risk exposure. Financial & Commercial Risk Management Oversee middle-office risk management activities supporting commodity and financial risk management programs. Monitor counterparty credit exposure and compliance with approved credit policies and limits. Provide oversight of contract administration, transaction confirmation, valuation review, and risk reporting processes. Support governance associated with derivative and hedging activities. Provide financial derivative guidance and identify risks. Partner with treasury, accounting, gas supply, regulatory, and commercial teams to identify and manage financial risks. Monitor policy compliance and escalate material risk issues to appropriate management and governance committees. Governance, Compliance & Controls Develop and maintain risk management policies, procedures, and internal controls. Support internal audit, external audit, and regulatory review activities. Promote strong governance practices and risk accountability throughout the organization. Ensure accurate documentation and reporting of risk management activities. Lead risk awareness and training initiatives across the enterprise. Leadership & Strategic Partnership Provide leadership, coaching, and development for risk management team members. Establish departmental priorities and performance objectives. Lead continuous improvement and risk management technology initiatives. Serve as a trusted advisor to executives and business leaders on risk-related matters. Proven ability to influence cross-functional stakeholders, build consensus, and drive alignment on strategic and operational objectives. Represent the company with insurers, brokers, consultants, industry associations, regulators, and other external stakeholders. Qualifications: Required Qualifications Bachelor’s degree in Risk Management, Finance, Accounting, Business Administration, Economics, Engineering, or a related discipline. Eight or more years of progressively responsible experience in risk management, insurance, finance, treasury, commodity risk management, or related fields. Proven ability to build, lead, and develop high-performing teams, including coaching talent, fostering accountability, and driving continuous improvement. Demonstrated experience managing commercial insurance programs and enterprise risk initiatives. Proven understanding of corporate governance, internal controls, and regulatory compliance. Excellent analytical, communication, negotiation, and relationship management skills. Ability to communicate effectively with operational teams and executive leadership. Preferred Qualifications Experience within the utility, energy, natural gas, infrastructure, or other regulated industries. Experience supporting commodity risk management, derivatives governance, credit risk management, or middle-office functions. Professional certification such as CPCU, ARM, CRM, FRM, CFA, or an equivalent designation. Experience presenting to executive leadership teams and boards of directors. Experience implementing or administering risk management systems or technology platforms. Key Competencies: Strategic Risk Management Insurance Program Management Claims Loss Trend Analysis Credit Risk Management Corporate Governance Internal Controls Stakeholder Management Change Management Risk Financing Financial Risk Management Commodity Risk Management Regulatory Compliance Executive Communication Team Leadership What we offer: Health & Wellness – Rich health insurance benefits with competitive employer contribution Free access to an online wellness resources platform Work Life Balance - Up to 23 Vacation Days 80 Hours of Sick Time 10 paid holidays and 3 floating holidays 3 weeks paid parental leave Be part of a workplace where your voice matters. Engage with our Diversity, Equity & Inclusion Council, and a variety of Employee Resource Groups that support community and growth. 1500 sq foot exercise facility and secure bike room Financial - Meaningful annual incentive bonus opportunity in addition to base salary Competitive 401K company contribution and match 15% discount on NW Natural stock through Employee Stock Purchase Program Up to $5250 a year in tuition reimbursement Wellness incentive program Discounts - 20% off natural gas service Up to 30% discount at NW Natural Appliance Center TriMet Pass for all HQ employees Generous discounts with Verizon & AT&T Wireless Base salary range: $151,850.00 - $224,600.00 per year, depending on qualifications Annual Target Incentive: Sr. Manager, 15.0% target Targets are calculated using eligible earnings during plan year participation. Payout, if earned, is based on company and individual performance for each plan year and may range from 0% – 200% of target. Targets are subject to change in subsequent plan years. Must be employed by September 30 in order to receive any prorated payout. Application Process: To be considered for this position, submit a complete electronic application including cover letter and resume via our website. Deadline: 11/10/26 Disclosure: We are a drug free workplace and we comply with Federal Drug Free Workplace Act and Department of Transportation regulations. NW Natural participates in E-Verify. Individuals hired will have their Form I-9 information submitted to E-Verify. E-Verify is an Internet-based system that compares information from an employee’s Form I-9, Employment Eligibility Verification, to data from U.S. Department of Homeland Security and Social Security Administration records to confirm employment eligibility. E-Verify Information NW Natural participates in E-Verify. Individuals hired will have their Form I-9 information submitted to E-Verify. E-Verify is an Internet-based system that compares information from an employee’s Form I-9, Employment Eligibility Verification, to data from U.S. Department of Homeland Security and Social Security Administration records to confirm employment eligibility. All applications must be submitted through NW Natural’s Electronic Application System. Resumes submitted via email, fax or mail will not be accepted in lieu of an electronic application. NW Natural is proud to be an equal opportunity employer. We welcome and embrace our candidates’ diversity and take affirmative action to employ and advance individuals without discrimination on the basis of race, color, sex, gender identity or expression, sexual orientation, religion, age, physical or mental disability, veteran status, pregnancy (including childbirth or related medical conditions), national origin, marital status, genetic information, and all other legally protected characteristics. We forbid discrimination and harassment in the workplace based on any protected status or characteristic. A criminal history is not an automatic bar to employment with NW Natural. Instead, we make individualized assessments regarding qualifications and backgrounds. NW Natural is also committed to providing reasonable accommodations for individuals with disabilities, individuals with sincerely held religious beliefs, and disabled veterans in our job application procedures. If you need assistance or an accommodation as part of the application process, please contact us at or (971) 979-6341. NW Natural does not accept unsolicited submissions or assistance from search firms for posted positions. Resumes submitted by search firms working under a valid and current written contract with NW Natural valid written Statement of Work in place for this position from NW Natural HR/Employment will be deemed the sole property of NW Natural. No fee will be paid in the event the candidate is hired by NW Natural as a result of the referral or through other means.