Senior Risk Engineer - Power Generation - Scor Business Solutions (SBS)

SCOR; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading global reinsurance company based in Greater London is seeking a Power Engineer to provide risk engineering support to their Power Generation Underwriting Team. The ideal candidate should have extensive experience in power generation and risk engineering, alongside a degree in Electrical or Mechanical Engineering. Responsibilities include advising on client risks, conducting site surveys, and contributing to the development of risk management programs. Strong English communication skills are essential, while proficiency in additional languages is a bonus.

Qualifications

• Extensive industry experience as a Power Engineer with power generation companies.
• International expertise in Insurance / broking Power Generation Risk Engineering roles.
• English is the business language internally and with clients.

Responsibilities

• Provides risk engineering support to the Power Generation Underwriting Team.
• Advises the team about client risks and loss estimates.
• Conducts site surveys and provides risk-related training seminars.

Skills

Power Engineering

Risk Assessment

Technical Training Development

Loss Estimates

Education

Bachelor / MSc in Electrical or Mechanical Engineering

Job description

Overview

The key areas of this position will be :

• Provides risk engineering support to the SCOR SBS Power Generation Underwriting Team. He / she may support other SCOR underwriting lines where Power Generation, Utilities, and Machinery Breakdown perils are prevalent.
• Advises the SBS Underwriting Team about client risks, risk quality and loss estimates, through site surveys / desktop reviews of operational power generation risks, EAR risks, and project endorsements to operational policies.
• Provides external and internal Power Generation Clients with risk related training / seminars.
• Assists the SCOR Claims Team (Power Generation).
• Contributes to the SCOR Risk Control Practices know-how evolution, with technical guidelines, methodologies, tools developments, technology watch etc. (Powergen).
• Supporting SCOR P&C Specialty Insurance Underwriting and Reinsurance Treaty teams dealing with Power Generation & Utilities. Risks include operational Power Generation (conventional, renewables and transitioning accounts) and Utilities. LoB include: Power Generation, Energy and Heavy Industries (pulp & paper plants, steel, aluminium, etc.); operational and CAR / EAR accounts.
• Leading / attending insurance surveys / visits, and producing internal / market engineering survey reports for SCOR insureds and prospect risks based on SCOR methodologies and templates.
• Performing risk assessments, risk quality rating, replacement valuation assessments (SCOR software) and loss estimates upon SCOR methodologies and templates.
• Peer reviewing survey reports released by consultants and broker risk engineering.
• Reviewing and advising Underwriting Teams about CAR / EAR Power risks and technical advising about project endorsements to Operational policies.
• Developing, reviewing, enhancing Powergen risk engineering guidelines, methodologies, risk rating, report templates, risk assessment, loss estimate methodologies and guidelines.
• Keeping the SCOR Power (turbines) technical database up to date dealing with market experts and OEMs.
• Providing technical assistance to the SCOR claims department reviewing loss adjuster reports, identifying causes that have led to the loss, and facilitate internal lessons learned from loss papers / slides.
• Supporting SCOR clients (i.e. corporate risks) or Insurance Companies to establish Risk Management programs including the introduction of Risk Control programs.
• Developing risk control training modules and leading seminars for SCOR UWs and clients.
• Assisting the RCP Leader in managing SCOR Powergen consultants / contractors.
• Assisting the RCP Leader with the survey plan and resources allocation
• Building internal and external networking and taking active part of the London market network of Risk Engineers / Underwriters and industry experts, including partnership with specialized companies and freelance consultants.

Required experience & competencies

• Bachelor / MSc in Electrical or Mechanical Engineering.
• Extensive industry experience as a Power Engineer with power generation companies.
• International expertise in Insurance / broking Power Generation Risk Engineering roles, including expertise in machinery breakdown.
• English is the business language internally and with clients.
• Any other language is a plus.