Deputy Insurance Manager recruitment
The purpose and core requirements of the job is to ensure that Trafigura have adequate support within the Insurance Department to manage with the growth and increase in storage capacity and the assets that Trafigura own and operate. This role will also support the Group Insurance Manager on a day to day basis when required and cover for them during their absence.
Work Area:
Insurance Department
Main purpose of role:
To support Group Insurance Manager
People Management Responsibility: One Senior Insurance Analyst. There will be monitoring of outsourced team based in Mumbai of 3 people.
Role
The role is broken down into five main areas:
1. Managing insured and uninsured losses
- Manage Senior Insurance Analyst on a day to day basis claims relating to theft, outturn losses, contamination claims and storage location losses. All storage losses in conjunction with ops and Oil Storage Group
- Manage and review uninsured losses to establish if a recovery can be made liaising with owners, terminals, PI clubs to seek recovery of losses
- Report on a monthly basis to management the success and progress of the recoveries being pursued
- Report on a monthly basis to management the success and progress of the claims being pursued
- Undertaking analysis of claims to identify trends and areas where risk management initiatives can be implemented to reduce Trafigura’s claims experience
- Undertaking training with operations departments on claims to ensure claims are fully documented at the outset to avoid unnecessary delays
- Preparing claims report for the captive (internal and external reporting)
- Analysing claims data to ensure captive is utilized in the best way
2. Insurance Policy Renewals
- To handle property renewal liaising with facilities departments/global office managers. Collating renewal data, ensuring that all locations are covered and providing advice and training to the office managers
- To handle CEND placement on an annual basis for both property/assets (Puma and Trafigura) and stock, undertaking monthly declarations, reviewing limits with finance, meeting with brokers and under writers adding new locations as they occur
- To ensure that all CEND, CF and Credit policies are uploaded into Pluto and filed accordingly
3. Storage
Oil Storage
- To ensure monthly reports show errors in storage declarations to present to operations management and finance
- Undertake regular training to improve standards of Due Diligence's and storage declarations
Non Ferrous storage
- Provide a monthly report to ops and finance of approved storage locations
- Undertake regular training to improve standards of Due Diligence's and storage declarations
4. Risk Analysis
- This involves a Group wide analysis of storage Trafigura uses. This will assist with benchmarking and can be used to influence future premiums
- Statistics should be distributed on a monthly basis to enable the PL to always be current
- The amount of reporting should continue to grow within the next twelve months as more accurate data becomes available via Pluto and other IT systems
5. Technical Advice
As required to provide technical advice to operations on aspects such as:
- Property/Storage
- Documents that are missing/require up
- Provide Radar support and become a Radar super
- Act as an overall support within the insurance Department and as a support to Group Insurance Manager and deputising in times of absence, providing day to day mentoring for both Mumbai and Senior Insurance Analyst
- Undertake regular training with operators, trade finance, structured finance, deal desk etc with key offices such as Geneva, Houston, Singapore, BA, and Johannesburg. This should include all new operators inductions within a month of new starters joining alternating new starter straining with Senior Insurance Analyst
Experience/Knowledge /skills
- A practical experience of marine cargo insurance, general liability insurance, property insurance, etc…)
- exceptional organisational skills
- attention to detail and thorough approach with excellent verbal and written communication skills
- ability to perform under pressure
- mature and confident attitude
- flexible time management, as Trafigura is a global company and our of hours support may be required especially in times of emergency
- flexibility to adapt to a changing/developing business
- willingness to travel/relocate
Experience
Candidate should have circa 5-10 years' work experience in commercial insurance, in house and/or broking environment with specific knowledge of claims handling in the context of marine cargo and property policies.