Strategy & Risk Consultant Senior (hybrid)

Strategy & Risk Consultant (Senior or Lead) (hybrid)

• We are looking to hire someone to work in either our Columbus, Ohio or Merrillville, Indiana office on a hybrid schedule (2 days a week in office-moving to 3 days a week in office in September)

• We are open to hire at either the Senior or Lead level, depending on experience (salary band listed is for senior level)

• This is a new role on a new team that will be at the forefront of key business decisions.

Job Summary
The Risk, Insurance, Strategy, and Energy (RISE) team helps NiSource make decisions under uncertainty. The team leverages its integrated capabilities and expertise to deliver comprehensive analyses and innovative solutions across the enterprise. The Consultant Job Family team member effectively participates on a variety of cross-functional project teams that provide a wide range of internal and external research to NiSource. They will provide dedicated analysis, consultation and collaboration across functions for the development and communication of appropriate strategies, programs and plans necessary to address current and future issues facing our environment across NiSource. They will evaluate, make recommendations and drive to closure specific projects related to regulatory strategy, risk, and insurance. They will maintain an external perspective of industry best practices.

Essential Functions

• Performs industry, competitor, and customer analyses; monitor and evaluate impact of trends; watch for key opportunities and barriers; gather quantitative and qualitative data

• Builds models in Excel to analyze data and financial decisions.

• Leverages enterprise risk reporting information, researching primary and secondary risk impacts. Uses key risk management tools such as: risk registers, risk dashboards, tracking metrics, and monitoring mitigation strategy.

• Identifies and understands issues, problems, and opportunities; compares data from different sources to draw conclusions; uses effective approaches for choosing course of action or developing appropriate solutions; takes action that is consistent with available facts, constraints, and probable consequences.

• Assists with the creation and updating materials to be presented to the Risk Management Committee and Strategy Council comprised of the Executive Council and other executive audiences.

• Compiles, organizes and formats data, including quantitative and qualitative analysis required for internal and external reporting. Researches reporting issues, assists with the adoption of new reporting requirements, and builds business case development and financial models.

• Lead project tasks under direction of Senior/ Lead Consultants, including tracking resources and deliverables.

• Senior Strategy and Risk Consultant

• Includes Strategy and Risk Analyst duties plus:

• Conducts various analyses for the development of strategy, risk, and insurance programs

• Creates materials to be presented to the Risk Management Committee and Strategy Council comprised of the Executive Counsel and other executive audiences.

• Solves problems in the areas of strategy, risk, and insurance by applying econometric, actuarial science, and/or statistical methodologies.

• Leverages innovative and analytical approaches to make recommendations for risk appetite, risk tolerances, capital allocations and returns on allocated capital.

• Analyzes and researches financial, market, and regulatory environments through the lens of customers and other stakeholders.

• Partner with internal and external SMEs to test and refine methodologies for assessing a wide range of risks across the company.

• Translates technical analyses into communication materials to effectively present to colleagues for peer review and discussions with stakeholders.

• Directs all phases of the insurance program renewal including project timeline development, data collection, review of exposures to identify significant changes in risk exposure, development of submission/application for renewal process, reviewing broker proposals and assisting in making recommendations to senior management.

• Negotiates effective contract terms to transfer risk and protect NiSource’s interests through the review of internal contracts, third party contracts and hold harmless agreements.

Required Qualifications For Position

• Bachelor's degree from an accredited college/university in Business, Finance, Accounting, Economics, Engineering, Actuarial Science, Mathematics, Statistics or related discipline (or equivalent experience).

• Experience usi