Risk Engineer – Power UK & MENA

Liberty Specialty Markets; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading global insurer in London seeks a candidate for underwriting power and renewable energy risks. The role involves risk engineering, client surveys, and collaboration with various teams. Candidates should have a technical degree and experience in relevant industries. This opportunity promotes inclusivity and diversity in the workplace.

Qualifications

• Bachelor’s degree in Chemical, Process, Electrical, Mechanical Engineering or equivalent.
• Experience in Power/Renewables industries and a background in Operations, Maintenance, or Risk Management.
• Experience in the insurance sector is desirable.

Responsibilities

• Contribute to risk engineering policies and processes.
• Perform risk appraisals and surveys for clients.
• Provide technical input on claims.

Skills

Strong communication skills

Advanced research and analysis

Marketing skills

Ability to use software applications

Education

Bachelor’s degree in a technical discipline

Tools

MS Office Suite

Job description

Description & Requirements

The Power and Construction product lines in our London and Dubai branches underwrite conventional power and renewable energy risks for both operational plant and construction projects.

Key Responsibilities:

• Contribute to the development and review of risk engineering policies and processes.
• Partner with one or more lines of business, including attending meetings with underwriting management and inputting to decisions.
• Plan, organise and perform desk-based risk appraisals for assigned line/s of business to provide risk analysis information to underwriters, and conduct on-site risk engineering surveys for existing and prospective clients as required by the business; produce both summary and detailed risk survey reports for limited review by more senior colleagues before sharing more broadly.
• Follow up on key recommendations and ensure risk engineering information on file is up to date.
• Provide technical input on claims, including reviewing reports and site visits to identify areas for claims mitigation and recommendations for improvement.
• Support with business development and marketing of the products within the line of business where possible.
• Focus on building and refining knowledge of insurance practices and strategy.
• Maintain working relationships with managers and leaders within Underwriting, Claims and other functions.
• Maintain a working understanding of external market developments and trends.

Policy, Process and Procedures

• Compliance with all applicable internal and external laws, regulations, policies, procedures and guidance.
• Adhere to underwriting standards, instructions and best practice methodology in order to minimise risks.
• Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to placing customers at the centre of our business and behaving with integrity.

Skills and Experience:

• Bachelor’s degree in a technical discipline, such as Chemical, Process, Electrical, Mechanical Engineering or equivalent.
• Experience in relevant Power / Renewables industries and should have a background in at least one of the following areas in a managerial, technical or consultancy role; Operations, Maintenance, Loss Prevention, Construction, Risk Management or Project Management.
• Experience within the insurance sector in related lines of business is desirable.
• Strong communication skills to develop and maintain relationships with Underwriters, Risk Engineers, Claims teams, other Staff and Clients.
• Ability to understand and communicate important technically related information within the Risk Engineering, Underwriting and Claims groups.
• Ability in advanced level research, evaluation and analysis.
• Strong marketing skills to participate in new/renewal business development.
• Ability to effectively use required software applications, such as MS Office Suite.
• Ability to create/modify documents and complex spreadsheets.

About Liberty Specialty Markets (LSM)

Liberty Specialty Markets is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer.

We are an equal opportunities employer and welcome applications from all qualified candidates. We are committed to creating an inclusive and diverse work environment and encourage applications from all sectors of the community.