Job Summary:
The main duty of the candidate is to provide assistance and manage all insurance-related affairs within the Yinson Group of Companies, with emphasis on the renewables business unit. Additionally, he/she will support the company's insurance department in various capacities.
The candidate will be responsible for supervising and ensuring that the Company's assets are insured adequately and that the relevant liabilities and exposures are appropriately monitored and covered.
The candidate will play a facilitating and assisting role in insurance placements and renewal negotiations, insurance document and premium administration, contract reviews, claim handling, and other general insurance matters.
Responsibilities:
- The candidate will be responsible for identifying, exploring, and recommending suitable insurance options that align with industry practices for the business activities of the renewables sector worldwide.
- The candidate will be involved in negotiating insurance placements and renewals, reviewing insurance terms and limits to ensure that the Company obtains the most favorable insurance arrangements and that they are placed or renewed in a timely manner.
- The candidate will collaborate with the project's legal counsel to review tender documents, due diligence insurance documents, contracts, and charter parties. They will actively participate in relevant meetings to address insurance risks and provide clarifications or solutions based on industry best practices.
- The candidate will provide support to stakeholders by obtaining the most favorable indicative premium for the insurances to be procured for potential projects. This will enable the project and financing team to accurately price the budget and financing model.
- The candidate will provide support in identifying gaps in contractual terms to minimize risk exposures. He/She will also ensure that contractual obligations related to insurance are fulfilled and any exceptions are appropriately highlighted.
- The candidate will be responsible for analyzing and interpreting insurance policies and coverage.
- The candidate will be responsible for ensuring that the relevant contracting party complies with all insurance requirements stated in the contract.
- The candidate will provide day-to-day support to stakeholders, clients, internal departments, subsidiaries, and associated companies regarding insurance matters. This support will encompass existing and new charters, projects, tenders, as well as other insurance-related concerns.
- The candidate will be responsible for verifying premiums to ensure the timely processing of payment. This will help avoid any delays in issuing certificates or potential policy cancellations.
- The candidate will be responsible for maintaining and monitoring the premium payment database to ensure that insurance documentation and premium payments are kept up-to-date and well-organized.
- The candidate will be responsible for managing claims under various policies as necessary and ensuring that reimbursements are received in a timely manner.
- The candidate will assist the department head or manager with any insurance programs and special projects as assigned by them.
- The candidate will be providing a monthly report summarizing the tasks he/she has performed.
- The candidate will be prepared to undertake any ad-hoc duties that may be required.
Qaulifications:
- A degree from an accredited university is required. A Law degree or professional certification in insurance or an equivalent qualification.
- The ideal candidate should have a minimum of three years of experience in insurance and risk management. They should possess the ability to work independently while also being an effective team player. Adaptability, proactiveness, excellent communication and interpersonal skills are essential qualities for this role.
- Candidates with experience in Captive insurance is preferred. Experience in O&G (Oil and Gas) and/or Energy insurance will have an advantage.
- The ability to handle multiple tasks in a fast pace environment
- The ability to be a team player, committed to bringing out the best in others in order to achieve shared goals and achieve continual improvement
- The ability to solve problems by thinking out of the box in a strategic and analytical way
- The ability to recognise the important role you play in the Company to drive initiative to bring about positive results
- The ability to allow individuals to become deeply committed to building a sustainable future and assisting in making informed and effective decisions.
R1552011
Peak Ocean EA License No. 18C9336
