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 using Excel to analyze data.

• Experience applying economic, statistic, and econometric concepts/ methods.

• Minimum of two (2) years of relevant experience (e.g., corporate strategy, accounting, financial planning, risk, legal, insurance, etc.).

• Proven experience in producing accurate and timely work with minimal supervision.

• Proven experience in identifying and resolving complex problems and manage conflicts.

• Proven experience in leading and coordinating projects and supervise the work of others.

• Demonstrated critical thinking and analytical skills.

• Demonstrated planning, organizational, and time management skills.

• Ability to work in a fast paced environment and meet deadlines.

• Intermediate skillset in Microsoft Office (Excel, Word, and PowerPoint), experience handling large amounts of data and building financial or other decision support models in Excel.

• Advanced interpersonal and written communication skills, including ability to represent the company to external stakeholders, as well as provide presentation preparation and leadership to senior executives within the company.

• Predictive analytics (machine learning is a plus)

• Timeseries analysis

• Risk modeling (FAIR methodology is a plus)

• Statistical analysis programs

Preferred Additional Qualifications for Position

• Previous electric or gas utility experience.

• Experience with a variety of problem solving tools and techniques (e.g. failure mode, stochastic modeling, cause analysis, fault tree, quantitative analysis, Monte Carlo simulations, etc.).

• Certified Public Accountant (CPA)

• Certified Management Accountant (CMA)

• Chartered Financial Analyst (CFA)

• ARM - Certification In Risk Management other analytical-related certification, and/or professional designations commensurate with the profession (i.e. AIC,etc.) is a plus.

• Chartered Property Casualty Underwriter (CPCU)

As a public utility, NiSource is required to provide continuous service to customers at all times. To ensure we fulfill that obligation, employees may be required to work outside their normal work hours and perform tasks outside of their normal responsibilities in support of emergency operations.

Work Authorization

Authorized to work in the United States without requiring sponsorship.

Workplace Connection

Value inclusion within your day to day responsibilities by respecting others perspectives/convictions, engaging others opinions, creating a safe environment where people, ideas, and opinions are valued within your Team/Customers and external partners.

Respect the unique lived experiences within your Team/Customers and external work partners by valuing different world views, challenges, and cultures that represents all walks of life and all backgrounds.​

Treat others with respect and consideration. Actively participate in creating and contributing to a positive work environment.

Equal Employment Opportunity

NiSource is committed to providing equal employment opportunities in each of its companies to all employees and applicants for employment without regard to race, color, religion, national origin or ancestry, veteran status, disability, gender, age, marital status, sexual orientation, gender identity, sex (including pregnancy, lactation, childbirth or related medical conditions), genetic information, citizenship status, or any protected group status as defined by law. Each employee is expected to abide by this principle.

By applying, you may be considered for other job opportunities.

Safety Statement

Promote a safe work environment by actively participating in all aspects of our employee safety program. Report any unsafe conditions and take actions to prevent personal injuries. Support our interdependent safety culture by ensuring the safety of your co-workers. Stay focused on the task at hand and promote productivity through good work habits.

Salary Range*:

$79,800.00 - $119,600.00

*The salary offered to a candidate is based on several factors including but not limited to the candidate’s skills, job-related knowledge, and relevant experience , as well as internal pay equity .

Posting Start Date:

2025-06-11

Posting End Date (if applicable):

2025-06-25

Please note that the job posting will close on the day before the posting end date.

At NiSource, you'll be part of the team serving nearly four million customers throughout the Midwest and Mid-Atlantic, who count on us to energize their homes and businesses. Whether speaking with customers by phone, analyzing financial data or installing new gas lines in a neighborhood, you’ll meet exciting challenges each day and make the most of your skills and talents. And you’ll be part of a company that was named by Forbes magazine as one of America’s Best Large Employers.

We're looking for talent from all backgrounds. We invite candidates of all abilities to come as they are and do what they love. Through our years of successful growth, we’ve stayed true to our roots by making a difference in the lives of millions of our customers. If you’re interested in joining an inclusive, innovative company that fosters opportunity for growth, NiSource might be the place for you.