Role Clarification - New Position Identity & Objective                                                       

 

Position :             

 

                 

Senior Risk & Insurance Manager

Reporting to 

Head of Risk & Insurance, AMEA

Region 

AMEA

Organizational Unit 

Hub – Insurance

Direct Reports

Risk & Insurance Officer (to be recruited)

Objective

Ensure the placement and management of adequate, appropriate, and cost-efficient insurance covers for assets in operations and under construction.

 

Provide support to Business development in respect of  insurance advisory and potential insurance costings during the period of the PPA/PWPA/WPA

 

Management of insurance risk engineering surveys and claims management

 

Lead the Enterprise Risk Management (ERM) activity for specified geographies within AMEA

 

      Interaction Network

Internal Interfaces

 

Project Companies O&M Companies Risks & Insurance Department Business Development Construction Technical Operations Legal Procurement HSE

 

External Interfaces

 Insurance Brokers Insurers Reinsurers Lenders Insurance Advisors Insurance Risk Engineers Loss Adjustors EPC, LTSA, OEM Contractors and their sub-contractors Shareholders / Partners Legal Advisors Technical advisors Other Stakeholders, where required Minimum required Qualifications

Degree / Experience

Degree in Finance, Law or Engineering or equivalent through experience. ACII or Dip CII would be an advantage Greater than 10 years of experience in international, commercial and industrial insurance Experience of working with joint venture companies or similar Experience of working with Power Purchase Agreements, Finance agreements, EPC contracts, LTSA agreements, complex commercial contracts in the context of different countries with varied legal requirements. Strong analytical reasoning

 

Specific Knowledge / skills

Thorough understanding of insurance aspects of infrastructure projects based on project financing principles People skills, ability work smoothly and efficiently in a team Commitment to task, organization skills, proactive, analytical. Excellent command / highly proficient in spoken and written English. Excellent communication skills Knowledge of French and/ or Arabic is an advantage Contract and commercial law Legal and Jurisdiction requirements IT and MS Office skills

 

 

 

Location/travel

Dubai ~ 35% travel

 

 

Areas of responsibility

Area

Responsibility

 

 

 

Risk Management

 

 

 

 

 

 

 

 

 

 

Insurance

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Development

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction/Operational insurance

 

 

 

 

 

 

 

 

Manage the Enterprise Risk Management (ERM) activity for specified geographies within AMEA through regular interaction with various GBU heads/SPOCs to monitor evolution of critical risks as well as identify new risks Monitor evolution of action plans for identified risks Report quarterly to Head of Insurance on status of ERM risks and actions Provide ERM input for inclusion in the annual synthesis. Challenge the respective GBU head / SPOCs on the identified risks and action plans

 

 

Co-ordinate with HQ Insurance team in Paris for renewal and management of Transversal insurance programs (such as Cyber, D&O, Marine Cargo, etc.) for the AMEA entities Relationship management with key parties such as insurers, reinsurers, loss adjusters, etc. Manage the renewal discussions for the regional Property Damage Business Interruption, Third Party Liability and Terrorism program  to ensure the best terms for ENGIE and its joint venture partners.   Management of insurance claims including guiding and supporting the project companies with the management and negotiate best possible result in the event of an insurable incident. Post settlement of the claim ensure the fund collection happens in timely manner. Management of internal as well as external stakeholder relationships Assist with the support delivery of the AMEA  region on all insurance matters Assist with updating of insurance companies/advisors/ brokers database Seminars/Conferences – participate and lead in internal (e.g., Risk engineering / claims workshops) and external (Asia Power Forum or similar) insurance conferences / seminars. Preparation of monthly reports to the Head of Insurance AMEA as well as  quarterly reporting to ENGIE HQ Assist in conducting the annual insurance seminar / conference for the respective Project companies / JV entities under the Regional Insurance Programs. Adhere with the ENGIE Group Insurance Policy

 

 

 

 

 

 

 

 

 

 

 

 

Assist with contract analysis for projects under development from an insurance perspective. This includes all contracts including Power Purchase Agreement, Fuel Purchase Agreement, Turnkey Construction Contract, Financing, Facilities Management, Energy Services etc. Preparation of detailed insurance budgets for assets in operation and projects under development. Manage and assist in the due diligence, bid and negotiation phase. This can be limited to budgetary input or can include full review of the existing insurances, if applicable, Preparation of RFP’s for Insurance Advisor and Lenders insurance advisor on projects or programs and with the recommendation memos to ENGIE Group Insurance Committee (when applicable). Manage and assist in the negotiation with the insurance market for the respective project insurance covers Manage and assist with setting up, negotiation and management of all insurance related aspects of project financing. This involves discussions with lenders, partners’ insurance experts, lawyers, insurers, engineers, and other consultants.

 

 

Assist the local management on all insurance issues, for the projects under construction and during the handover to operation period including assisting with insurance documentation. Assist with the implementation of group rules in terms of loss prevention (fire and machinery breakdown notably) in liaison with Global Care and other internal functions Management and coordination of risk engineering surveys across the AMEA assets under construction and operations including follow-up status of risk improvement recommendations issued by risk insurance consultant and/ or broker´s engineers. Follow the claims procedure in case of an event that may give rise to an insurance claim Inform and involve ENGIE HQ timely in case of important new contracts or projects such as construction, project financing or refinancing, IPO, divestiture etc. Optimization of local fronting costs in AMEA region