Associate, Insurance

Invenergy drives innovation in energy. Powered by decades of entrepreneurial experience and unparalleled execution, we solve the energy challenges facing our customers and communities. We provide power generation and storage solutions at scale around the world to create a cleaner energy future. We develop. We build. We own. We operate. We are Invenergy.

This position will be open for application for at least 3 calendar days from the posting date. This position will remain open for application based on business need, which may be before or after the 3-day posting window.

Job Description

Position Overview

The Associate, Insurance, will report to Manager, Insurance, and support with execution of insurance strategy of a multinational portfolio of wind, offshore wind, solar, energy storage, thermal projects in various lifecycle stages. This role involves identifying insurable risks and issues, and supporting the development and implementation of appropriate insurance risk management solutions.

Responsibilities

• Support Invenergy insurance team in coordinating insurance efforts from development through to operational phases of all projects, analyzing and evaluating insurable risks and potential risk mitigants.
• Manage project insurance placements including identifying required insurance coverages and conditions, collection of underwriting information, completion of requiring insurance applications and participation in insurance meetings. Collaborate with various departments including Asset Management, Operations, Engineering, Safety and more, to identify, collect, validate, organize, and present underwriting data to support administration and management of Invenergy’s global insurance portfolio.
• Manage the administrations of insurance contracts and support Invenergy’s insurance team in negotiations with insurance brokers, insurance companies and project contractors (including EPC/BOP and modules/turbine suppliers) on insurance coverages and conditions.
• Coordinate with internal and external stakeholders (broker, JV partners, lenders, clients, EPCs, OM/asset management service providers, insurance brokers, lenders insurance consultant) in relation to any insurance matters.
• Maintain accurate records of project pipeline, insurance policies, and project related documentation. Review insurance policies and endorsements for accuracy and completeness. Ensure that any required policy changes are completed in a timely manner and documented accordingly.
• Support processing of insurance cost allocation and payments.
• Support insurance activities related to merger and acquisition activities and underwriting of new entities, assets and of new construction projects.
• Support financing and refinancing in the US and international projects. Coordinate and assist with lenders and counter party insurance certificates, broker letters and officer certificates. Maintain accurate records of lender waivers.
• Assist with the preparation of monthly, quarterly, and annual risk reports for various committees and boards. Assist in preparing loss analyses and identifying opportunities to reduce Invenergy’s total costs of risk. Support the preparation of annual insurance budgets.
• Maintain and audit statements of values, work with insurers, brokers and internal stakeholders to ensure that all critical underwriting information is identified and reported in a timely manner.
• Develop insurance presentations to use for internal and/or external purposes.
• Assist with a wide range of claim related activities – claim notice intake and reporting, and maintenance of accurate records of claims across all lines of coverage. Generate regular claim reports and maintain open claims status by working closely with the insurance team, Asset Management, and other internal departments.
• Research and resolve insurance premium invoice discrepancies, and provide support to the insurance team in the management of company assets under insurance coverage; project site fleet of vehicles, corporate and project office location assets, projects’ statements of value, annual projects’ production, and leased equipment at project sites.
• Assist with the scheduling and coordination of…