Risk & Insurance Manager / Power Generation

7 days left

City of London
£70000.00 - £100000.00 per annum + + package
22 Apr 2021
22 May 2021
MW Appointments
Job Function
Contract Type

Risk & Insurance Manager ( Energy / Power) - to £100,000
This is a permanent position which will be based in W1,London but with scope for some home working.
An opportunity to join a global leader in the development and operation of thermal and renewable electric power generation facilities, with projects located in 20 countries across the globe.
This is an exciting opportunity and will suit an ambitious and dynamic individual from an Energy / Power insurance broking or underwriting background. Our client will also consider applications from candidates with in-house risk/insurance experience from a company in the Energy/Power sector.
Although located in central London it would also be useful to possess experience and knowledge of risk and insurance matters in Africa and/or Continental Europe and/or LATAM territories.
Main duties will include, but not limited to;
1/ Manage insurance coverage
Main insurance areas are (but not limited to): Property Damage, Business Interruption, D&O, E&O, General Liability, Crime, Political Risk, Political Terrorism
Perform an audit of the current insurance program and identify actions to be implemented
Define group coverage policy, to be validated at corporate level, and ensure application is done consistently throughout all operations. In particular, compliance with local insurance regulations will be verified
Ensure insurance coverage is in compliance with requirements from lenders financing our operations; be the single point of contact with lenders on all insurance matters.
Negotiate insurance coverage and rates in relation with brokers and Insurance companies
Maintain and improve monitoring software, in order to track all information on insurance contracts throughout the group to ensure that this tool collects all documents on group insurance programs, enables instant reporting as well as automatic reminders on selected actions (due reporting to brokers / Insurers, premiums to be paid, requested actions on claims…)
Train Finance Managers and Plant Managers on asset insurance program
Set up regional correspondents on insurance matters if applicable
-Oversight managing experts, brokers and internal staff
-Provide international loss data to actuaries and review actuarial reports
-Ensure insurance claims are made within the guidelines of group policies and procedures
-Enhance the insurance policies and procedure including roll out and training of staff

2/ Manage insurance costs
− Ensure insurance costs are properly budgeted, authorize invoices in order to ensure no late payments of such invoices

3/ Business development / New Projects
− Review third party contracts and coordinate with the Business Development group and advise − Assist on insurance related matters relating to new projects

4/ Design and implement a risk management program
- Ensure Insurance program is consistent with risk assessment matrix and review insurance coverage if necessary
- If appropriate, put in place a captive structure, in order to reduce insurance costs

REF : 7970

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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