Insurance and risk Head

Currently we are looking for the position Insurance and Risk Head

Roles and responsibilities:

Insurance 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 counterpartiesvendors, 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 lifecyclefrom 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 planning.

Qualifications:

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( ), Refex group.

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