Renewable Energy Insurance Risk Manager - Michael Page
3 days ago
London
The business are a global renewable energy development and investment platform. They develop and invest in a wide range of utility-scale energy assets focussed on solar PV, onshore wind and storage solutions. They are a long-term owner of the assets, portfolios and platforms that they develop and acquire. They are looking to build a team by hiring highly ambitious people who care about making a difference as they move towards a sustainable energy transition. The team is being structured to support rapid growth ambitions and long-term ownership of energy assets with a strong focus on IRR preservation and optimisation. As a result, the business are looking for people who have deep technical experience within their respective areas of focus and on-the-job experience in optimising IRR or are willing to be exposed to such operational activities to enhance their knowledge base. With a strong focus on producing sustainable, clean power while maximising returns for our investors, The Business places a strong emphasis on how they approach each aspect of the project lifecycle. The Business is building an organisation where there is a common understanding of being a good corporate citizen by ensuring that people, profit and planet are part of a win-win outcome in delivering clean energy. Their values of loyalty, honesty and respect underpin everything. They are dedicated to cultivating a diverse team and providing an environment where all employees are given the opportunity to continually develop new skills and broaden their abilities. They endeavour to build a team of best-in-class investors, developers and operators of assets forging the clean energy transition. Description About the role: The Business is looking to hire an Insurance & Risk Manager to own and operate the insurance programme end-to-end. You'll manage day to day placement and renewals, standardise wordings for renewables, build a panel of insurers, deepen broker relationships, and lead claims. You will also support wider enterprise risk management (ERM)-though that is a secondary focus. This role suits someone hands-on who knows the insurance market, can roll up their sleeves, and enjoys building fit for purpose coverage across multiple countries. This is a stand-alone role embedded into the Finance Team. Key Responsibilities: Insurance Programme - Strategy & Operations (Primary Focus) • Design and maintain a fit for purpose insurance programme spanning construction, operational, and corporate insurances across Europe and Chile., • Standardise renewable insurance wordings (e.g., CAR/EAR + DSU, PD/BI, liability, cyber) and documentation (SOVs, COIs, endorsements)., • Coordinate global/master and local admitted policies, ensuring compliance with non admitted rules and leveraging EU FoS where applicable., • Manage annual renewals, mid-term adjustments, and endorsements-own timelines, data, and market submissions., • Build and maintain a panel of insurers; drive competitive tension and continuity., • Develop broker strategy and SLAs; oversee service delivery, fee/commission transparency, stewardship meetings, and tendering when needed., • Cyber insurance: assess evolving exposures, align with IT/OT stakeholders, and maintain appropriate cyber coverage for corporate and asset needs., • Lead claims end-to-end: notification, adjuster appointment, quantum validation, reserving, coverage negotiation, recovery/subrogation, and lessons learned., • Implement a claims register and KPIs (cycle times, recovery rates, leakage, trends)., • Pre construction: review tender/contract insurance provisions (EPC, BOP, TSA, O&M) and lenders' requirements; ensure coverage for DSU/ALOP, testing & commissioning, and marine cargo/transit., • Construction: align CAR/EAR policy triggers, deductibles, and limits with project risk profile; maintain accurate SOV and schedule of assets., • Maintain insurance records and data quality (SOVs, exposure data, valuations, risk improvements)., • Produce dashboards and management reports for the CFO and leadership (renewal outcomes, coverage changes, claims trends, premium benchmarks)., • Support ERM activities as needed: risk registers, mitigation planning, incident trend analysis, and insurance related elements of business continuity. A successful Renewable Energy Insurance Risk Manager should have: Skills, Experience & Qualifications: • 4-8 years' experience in insurance (broker, insurer, or in house), with energy, infrastructure, industrials, or construction exposure., • Solid understanding of CAR/EAR, DSU/ALOP, PD/BI, liability, and cyber-from placement through claims., • Experience with multi country programmes (global master + local admitted), broker management, and renewals., • Strong claims acumen and the ability to drive outcomes with adjusters and insurers., • Comfortable owning data & submissions (SOVs, BI worksheets, exposure data), with good Excel skills., • Hands on, pragmatic operator who can work across finance, legal, projects, operations, and IT/OT., • Renewables experience (wind/solar/storage) and familiarity with OEM/EPC/O&M contract insurance provisions., • Experience aligning coverage with lenders' requirements and project finance structures., • Progress toward CII (or equivalent) and/or risk-related qualifications., • Spanish language skills (helpful for Chile)., • London location, Renewable Energy Insurance Risk Manager, • Competitive salary ranging from £60,000 to £75,000 + 20% bonus., • Permanent position, • Opportunities to work on innovative renewable energy projects.