Insurance Manager

Lightsource bp is a global leader in the development and management of solar energy projects. We are a 50:50 joint venture with bp with a mission to help drive the world’s transition to low carbon energy. With solar set to increase tenfold in the next 20 years, we are well-positioned to capitalize on this growth. By joining the Lightsource bp team, you will ‘be the change’ on the world’s energy transition to a more sustainable future. We pride ourselves on our entrepreneurial spirit as we continue to push the boundaries of an ever-changing energy landscape. By choosing a career with us, you can expect a challenging and fulfilling role surrounded by people who are passionate and have brilliant ideas about sustainable technology, innovation and making the world a better place. The role will encompass all Account Handler/Executive type duties, which includes, but will not be limited to; management of Construction and Operational insurances for a number of Solar PV projects along with the company’s corporate insurances which comprises of fleet, commercial, PL and EL etc., general account administration, market negotiation at renewal alongside Brokers.

Duties

• Overall management of insurances at Project and Corporate Levels in the UK, Europe and ROW (outside The Americas).

• Management of insurance claims at project (property damage, business interruption) and corporate levels (Employers & Public Liability, Professional Indemnity, D&O Liability, Office, Stock, Fleet etc.)

• Ensure insurance coverage is in compliance with requirements from Lenders financing our operations; be the point of contact with Lenders on all insurance matters.

• Review third party contracts for all insurance related provisions and coordinate with Legal and the Business Development team.

• Management of renewal process at project and corporate levels ensuring retention is maintained at a high level and in line with plan

• Mid-term adjustments to project insurances and corporate insurances

• Maintain insurance documentation: annual policy documents, endorsements, invoices, covering letters and dealing with audits of the Insurance Program.

• Assisting the Senior Insurance Manager in advising Structured Finance department in setting up insurance programs for both Construction and Operations

• Ensure that internal systems are updated correctly with policy information, claim information etc.

• Respond to day to day general insurance queries from the business in relation to contract conditions, bids, tenders and other insurance policies.

• Engaging with the internal stakeholders to provide coherent, accurate insurance advice.

• Collating information from the business as part of the annual renewal process for global, UK and other local insurance policies.

• Work closely with Brokers, Insurers and Stakeholders to maintain relationships and negotiate rates and coverage.

• Liaising closely with the Senior Insurance and Risk Manager to design future insurance programme and ensure that insurance matters relating to expansion related activities are addressed.

Experience

• Experience managing large Corporate and Operational insurance claims.

• Solid understanding and proficiency in reviewing insurance provisions in Legal Contracts and agreements.

• Commercial and Financial awareness.

• Excellent problem solving and analytical skills with the ability to think outside the box

• Excellent prioritisation skills in order to meet deadlines

• Good working knowledge of MS Office

• Strong written and verbal communication skills

• Able to promote continuous improvement and respond positively to change

• Previous experience of working with strict deadlines or within a process driven environment

• Experience in Renewable Energy Insurance and specifically solar PV is essential. Specifically, in depth

• Knowledge of the operations and construction insurance market for PV projects.

• Understanding of the risk management requirements of non-recourse project finance transactions is an additional requirement.