Chief Manager

2 weeks ago

Gurugram, India Sterlite Power Full time

5-7 years of relevant experience with a large and reputable Renewable or large Corporate, IB, PE Funds, Big 4

Job Summary

  • Looking for a dynamic individual skilled in managing and optimizing our insurance programs across all stages of renewable energy project lifecycles from development and construction to operations and maintenance.
  • The individual will be responsible for identifying, assessing, and mitigating risks through comprehensive insurance strategies, ensuring adequate coverage, and driving cost-effective solutions. This role requires a strong understanding of both insurance principles, and the specific risks associated with large-scale renewable energy projects.

Key Result Areas:

  • Manage the renewal process for various insurance policies, including Property All Risks (IAR/Mega Risk), Business Interruption, Marine Cargo, Construction All Risks (CAR), Erection All Risks (EAR), Public Liability, Environmental Liability, Professional Indemnity, and Cyber Insurance.
  • Review and negotiate policy wordings, terms, and conditions with brokers and underwriters to ensure optimal coverage and competitive pricing, ensuring compliance with local and international insurance regulations and company policies.
  • Conduct comprehensive risk assessments for new and existing renewable energy projects, identifying potential exposures (e.g., natural catastrophes, equipment failure, technology risks, supply chain disruptions, political risks).
  • Oversee and manage the end-to-end claims process, from initial reporting to settlement, for all types of insurance claims.
  • Liaise effectively with brokers, adjusters, legal teams, and internal stakeholders to ensure timely and favorable claim resolution.
  • Review project contracts, financing agreements, and other legal documents to ensure appropriate allocation of insurance responsibilities and compliance with contractual insurance requirements.
  • Collaborate effectively with cross-functional teams to integrate insurance considerations into project planning and execution. Travel would be need basis (up to 20%).

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