Manager, Risk and Insurance

51218 - Toronto - Regular .

Hiring salary range:$108,035 - $139,810 / year

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly  1.5 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!

Job Function:
Responsible for the management of insurance and claims functions across Hydro One and its subsidiaries. This role will identify corporate operational exposures to loss and recommend appropriate insurance and risk transfer techniques to eliminates or reduce the impact of loss. Also responsible for managing and settling insurable claims by and against the company.

Specific Accountabilities

The Manager, Risk and Insurance supports the Treasurer, and is responsible for the following accountabilities:

• Advise senior management of all potential sources of insurable loss.
• Manage the organization’s risk and insurance requirements with the following goals:
  • Protect against financial loss resulting from:
    • Damage to company property
    • Downtime and additional costs from damage to property of the organization and others;
    • Liabilities for property damage or injury to members of the public
  • Maintain a proper balance among:
    • Loss exposure retained
    • Risk control expenses
    • Claims settlement and adjusting costs
    • Insurance premium
    • Administrative costs
    • Contractual transfer
  • ​​​​​​​​​​​​​​Manage and settle insurable claims by and against the company, consistent with the corporate policy and procedures for settling claims
• ​​​​​​​Support Treasury in responding to various special requests from the Board and Audit Committee on Risk and Insurance matters
• Manage constructive relationships with the company’s insurance brokers, adjusters and other service providers
• Managing Hydro One’s risk and insurance activities such as procurement of insurance, claims management, Contractual review and approval of claims payments
• Insurance and risk management policies and procedures
• Risk and insurance matters related to corporate initiatives, including mergers, acquisitions, divestitures and joint ventures

Strategy and Planning

• Develop an insurance and risk management strategy providing both short and long term goals.
• Research, evaluate and make recommendations regarding current trends in insurance and claims management.
• Review potential acquisitions, divestitures and joint ventures and other corporate initiatives to identify significant risk and insurance issues and make recommendations.

Risk Transfer through the purchase of insurance

• Identify and analyze potential impact of exposures of loss faced by the corporation
• Recommend risk transfer/financing through the purchase of insurance or thru contractual transfer
• Evaluate the adequacy of limits and appropriateness of retentions/deductibles, including recommendations on self-insured programs
• Negotiate insurance policies and service agreement with Key services providers.
• Maintain effective process to provide timely and accurate underwriting information to broker/insurers for insured risks.

Claims Management

• Manage insurance claims and claim litigation processes
• Investigate losses and negotiate settlements on major property/casualty insurance claims. Coordinate with inside/outside counsel as appropriate.
• Analyze loss data trends and identify potential cost containment opportunities.
• Represent the corporation at mediations, settlement conferences and pre-trials for risk and insurance related actions.

Contractual Standard/Insurance Certificates

• Establish Insurance standards for various classes of vendor and customer relationships of the company
• Review contract as required to assure compliance with insurance standards. Evaluate exceptions to insurance standards and approve/reject as appropriate.
• Establish and maintain effective processes for obtaining insurance certificates from service providers
• Oversee process to issue insurance certificates to third parties as required

At Hydro One we understand that the success and strength of our business rests with our people. When we develop their skills, we are investing in both their success and ours. To secure the best talent, we seek to create a workforce that reflects the diverse populations of the communities where we live and work and to create a culture based on safety, innovation and inclusiveness.

We are honoured to be recognized by Forbes in its list of Canada’s Best Employers for 2026.

Thank you for considering a career with Hydro One, we welcome applications from all qualified candidates. If you are having difficulty using our online application system and you need an accommodation due to a disability, please email careers@hydroone.com. Hydro One will provide reasonable accommodation for qualified individuals with disabilities in the job application process.

Please note this email is only for accommodation requests. Resumes sent to this email address will not be considered.

"Employer of the year 2026"

Deadline: February 17, 2026.

The base salary for this role considers a variety of factors, including candidates' knowledge, skills, experience, education, and any applicable collective agreement requirements for union-represented positions. Hydro One provides an extensive offering of programs to promote a culture of safety, wellbeing, inclusivity, and sustainability to enable our employees to be the best version of themselves. For management roles, compensation is based on the principle of pay-for performance compensation philosophy, and the amount of annual adjustments and incentive payments depends on how well you and the company perform (subject to plan terms). We encourage open dialogue about compensation with our Talent Acquisition Team, who can provide more detailed information specific to this role.

This posting is for an existing vacancy. 

Hydro One uses AI tools to assist in the screening and assessing candidates for this role. Our use of AI does not replace human decision-making.

In the event you are experiencing difficulties applying to this job please consult our help page here.

We thank all applicants for their interest in a career at Hydro One; however, only those candidates who are selected for an interview will be contacted.