Assistant Vice President, Risk Management - Energy & Power

Marsh; Kuala Lumpur; Hybrid; MYR 240,000 - 420,000; Full time

Job summary

Marsh in Kuala Lumpur seeks an Assistant Vice President, Risk Management - Energy & Power to lead risk assessment and advisory work for energy clients. You will collaborate with Marsh teams to deliver tailored insurance and risk solutions, guiding strategic decisions and ensuring client satisfaction.

You will mentor colleagues, manage budgets, and monitor market and regulatory developments to drive growth and profitability within the E&P portfolio.

Qualifications

• Advanced understanding of the Energy & Power insurance industry.
• Proven experience in general management, preferably within the insurance or energy sectors.
• Strong understanding of regulatory compliance and quality assurance processes.
• Excellent communication and interpersonal skills to effectively manage client relationships and internal teams.
• Demonstrated ability to develop and manage budgets, with a focus on profitability and revenue maximization.

Responsibilities

• Works with Marsh resources for the benefit of clients and prospects; directs service to existing clients.
• Analyzes risks and assists with developing solutions for clients' needs.
• Assists with responding to client queries and concerns, resolving issues promptly to maintain client satisfaction.
• Supports and assists in the design, development, and marketing of new brokerage products and programs to win new projects.
• Assists more senior Brokers on more complex client assignments.
• Demonstrates proficient awareness of market conditions to better serve clients and inform junior Brokers on market trends.

Skills

Energy & Power insurance

General management

Regulatory compliance

Communication skills

Budget management

Job description

Assistant Vice President, Risk Management - Energy & Power

We are seeking a talented individual to be part of our Energy and Power (E&P) division at Marsh. This role will be based in Kuala Lumpur. This is a hybrid role that has a requirement of working at least three days a week in the office.

We can expect to be part of a diligent division where you will enhance your specialty insurance expertise and data-driven insights to help clients build resilience through a comprehensive approach. There will be opportunities to collaborate with diverse colleagues and stakeholders across various lines of business within Marsh.

We will count on you to:

• Works with various Marsh resources, such as client industry, specialty, placement, and client consulting groups, for the benefit of clients and prospects. Directs service to existing clients.
• Analyzes risks and assists with developing solutions for clients needs.
• Assists with responding to client queries and concerns, resolving issues promptly in order to maintain client satisfaction.
• Supports and assists in the design, development, and marketing of new brokerage products and programs to win new projects.
• Assists more senior level Brokers on more complex client assignments.
• Demonstrates proficient awareness of market conditions to better serve clients and inform more junior Brokers on market trends.

What you need to have:

• Advanced understanding of the Energy & Power insurance industry.
• Proven experience in general management, preferably within the insurance or energy sectors.
• Strong understanding of regulatory compliance and quality assurance processes.
• Excellent communication and interpersonal skills to effectively manage client relationships and internal teams.
• Demonstrated ability to develop and manage budgets, with a focus on profitability and revenue maximization.

What makes you stand out:

• Knowledge of Energy & Power technologies and business strategies, including ESG and energy transition
• Proven track record in leading successful teams, managing talent, and fostering a culture of feedback and idea sharing.
• Strong relationships with underwriters and a positive reputation in the insurance market.
• Demonstrated excellence in client service and growth-driven results.
• Understanding of insurer profitability, market cycles, and the global reinsurance market.
• Familiarity with technology-based solutions for process improvement and client management.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Company:

Marsh

Description:

We are seeking a talented individual to be part of our Energy and Power (E&P) division at Marsh. This role will be based in Kuala Lumpur. This is a hybrid role that has a requirement of working at least three days a week in the office.

We can expect to be part of a diligent division where you will enhance your specialty insurance expertise and data-driven insights to help clients build resilience through a comprehensive approach. There will be opportunities to collaborate with diverse colleagues and stakeholders across various lines of business within Marsh.

We will count on you to:

• Works with various Marsh resources, such as client industry, specialty, placement, and client consulting groups, for the benefit of clients and prospects. Directs service to existing clients.
• Analyzes risks and assists with developing solutions for clients needs.
• Assists with responding to client queries and concerns, resolving issues promptly in order to maintain client satisfaction.
• Supports and assists in the design, development, and marketing of new brokerage products and programs to win new projects.
• Assists more senior level Brokers on more complex client assignments.
• Demonstrates proficient awareness of market conditions to better serve clients and inform more junior Brokers on market trends.

What you need to have:

• Advanced understanding of the Energy & Power insurance industry.
• Proven experience in general management, preferably within the insurance or energy sectors.
• Strong understanding of regulatory compliance and quality assurance processes.
• Excellent communication and interpersonal skills to effectively manage client relationships and internal teams.
• Demonstrated ability to develop and manage budgets, with a focus on profitability and revenue maximization.

What makes you stand out:

• Knowledge of Energy & Power technologies and business strategies, including ESG and energy transition
• Proven track record in leading successful teams, managing talent, and fostering a culture of feedback and idea sharing.
• Strong relationships with underwriters and a positive reputation in the insurance market.
• Demonstrated excellence in client service and growth-driven results.
• Understanding of insurer profitability, market cycles, and the global reinsurance market.
• Familiarity with technology-based solutions for process improvement and client management.

Why join our team:

• We help you be your best through professional development opportunities, interesting work and supportive leaders.
• We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues, clients and communities.
• Our scale enables us to provide a range of career opportunities, as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.Marsh is committed to creating a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one “anchor day” per week on which their full team will be together in person.

Marsh in Malaysia has specialist divisions within a multidisciplinary team environment to meet clients’ specific

needs. These include:

• Affinity
• Employee Benefits
• Energy
• Financial and Professional Liability (FINPRO)
• Infrastructure
• Marine
• Takaful
• Technology
• Trade Credit and Political Risk