Senior Insurance Manager (O&G)
- Full time
- Singapore, Singapore View on Map
- posted 2 months ago
- Posted: June 25, 2024 -Accepting applications
Job Detail
Job Description
Key Responsibilities
- The candidate will be responsible for mentoring and managing the Group’s insurances
across all Business Units. This includes the relevant corporate risk insurances,
construction insurances, operational insurances, financing insurances, employee benefits
insurance, and general insurances in relation to the relevant Business Units operating
worldwide. - The candidate will be involved in the overall insurance program. This includes providing
guidance and support to the team in negotiating insurance procurement and placement,
and reviewing insurance terms and limits to ensure that the company obtains adequate,
compliant, and cost-effective 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. He/she
will actively participate in relevant meetings to address insurance risks and provide
clarifications or solutions based on industry best practices. - The candidate will be responsible for the LCI (Legal, Compliance and Insurance) departmental and the relevant Business Unit’s project budgets.
- The candidate will provide support in identifying gaps in contractual terms to minimize
risk exposures. They will also ensure that contractual obligations related to insurance are
fulfilled and that any exceptions are appropriately highlighted. - The candidate is responsible for identifying new areas for improvement within the
function. - The candidate will establish and nurture a high-achieving team while emphasizing ongoing
development. - The candidate will maintain and cultivate relationships with internal and external
stakeholders, particularly with key underwriters, Protection & Indemnity club, brokers,
captive managers and etc. - The candidate will provide day-to-day support to stakeholders, clients, internal
departments, subsidiaries, and associated companies regarding insurance matters or
queries. - The candidate will provide support to the Head of Insurance and team members in
relation to all insurance-related matters.
Requirements
- A law degree or professional certification in insurance or an equivalent qualification.
- Ideally at least 10 years of experience in insurance and risk management.
- Experience in O&G, energy, and marine insurance will be an advantage.
