Role Clarification - NewPosition Identity & ObjectivePosition :Senior Risk & Insurance ManagerReporting toHead of Risk & Insurance, AMEARegionAMEAOrganizational UnitHub - InsuranceDirect ReportsRisk & Insurance Officer (to be recruited)ObjectiveEnsure 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/WPAManagement of insurance risk engineering surveys and claims managementLead the Enterprise Risk Management (ERM) activity for specified geographies within AMEAInteraction NetworkInternal 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
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 responsibilityAreaResponsibilityRisk ManagementInsuranceBusiness DevelopmentConstruction/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 brokerxc2xb4s 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
Business Unit: T&GDivision: T&G AMEA - Regional HubLegal Entity: INTERNATIONAL POWER S.A., DUBAI BRANCHContract Type: PermanentJob Type: Full - TimeProfessional Experience: Skilled ( >3 experienceEducation Level: Bachelor's Degree