Refex - Head - Insurance & Risk

Currently we are looking for the position Insurance and Risk Head

Roles and Management:

- Structure and administer comprehensive insurance programs tailored to the wind turbine lifecycle: Marine & Transit Insurance for component movement (blades, nacelles, towers)

- Erection All Risk (EAR) Insurance for installation phases

- Property & Operational Risk Insurance for manufacturing and O&M sites

- Liability and Asset Coverage for statutory and contractual exposures

- Coordinate with insurance brokers and underwriters for policy placement, renewals, endorsements, and claims handling.

- Define insurance requirements during bid submissions and contract execution phases.

- Enforce insurance compliance across all counterparties vendors, EPCs, logistics providers, and OEMs.

Warranty & Guarantee Oversight:

- Draft and review warranty clauses for major components (generator, gearbox, blades, tower) during procurement and sales contracts.

- Validate technical obligations and performance guarantees with engineering and legal teams.

- Administer lifecycle management of PGs, BGs, APGsincluding issuance, collection, renewals, and releases.

- Enforce back-to-back warranty alignment from suppliers and OEMs, mitigating downstream risk.

- Maintain centralized registers for warranty and guarantees with real-time expiry and renewal tracking.

Risk Assessment & Claims Management:

- Conduct quantitative and qualitative risk assessments across transit, construction, and operational stages of wind and solar projects.

- Manage complete insurance claim lifecycle from incident notification, evidence collation, and negotiation to final settlement.

- Lead root-cause analysis for component failures and coordinate with OEMs for technical inputs in claims or settlement discussions.

- Identify and monitor risk exposure across project locations and supply chain nodes, integrating findings into mitigation strategies.

Stakeholder & Vendor Coordination:

- Partner with commercial and procurement teams during contract structuring to embed robust risk, insurance, and warranty terms.

- Engage with project execution teams to define and implement site-specific risk protocols.

- Liaise with OEMs, EPC contractors, insurers, and logistics vendors to ensure seamless accountability and contractual risk transfer.

- Drive risk culture across functions by embedding risk awareness into operational decisions and project CA / CMA / MBA (Finance) / M.Com Mandatory

- Actuarial Science Qualification Good to have

- Preferred: Experience in wind turbine or solar energy industry (trading, manufacturing, EPC, or operations)

- Required experience: 8-12 Years

Technical skills:

- Advanced knowledge of project insurance instruments (marine, EAR, liability)

- Proficiency in financial guarantees and risk allocation frameworks

- Risk modelling, exposure analysis, and incident trend mapping

- Claims management and settlement negotiation

- Understanding of contract structuring in EPC/OEM/vendor contexts

- Familiarity with ERP systems and insurance workflows

Soft skills:

- Strategic financial acumen aligned with capex-heavy, long-gestation projects

- Strong negotiation skills with banks, NBFCs, and financial institutions

- Proactive stakeholder management across project, legal, and procurement functions

- High accountability, ethical judgment, and confidentiality in financial matters

- Ability to operate under uncertainty and tight liquidity scenarios

- Leadership in driving treasury transformation and process standardization across SPVs and group entities.

Location: Chennai

Company Name : Venwind Refex Power Ltd( https://venwindrefex.com), Refex group.