Insurance and Risk Officer

The Insurance and Risk Officer will manage the company insurances, including claim management, annual renewals and general insurance queries, as well as conduct continuous research and analysis on new insurance products and assist with contractual compliance related to insurance products. In addition, the Insurance and Risk Officer will undertake risk assessments and develop, implement and monitor risk mitigation strategies.
The successful candidate will report directly to the CFO
Principal responsibilities:
Oversee company and project insurance policies, ensuring coverage aligns with business needs.
Manage insurance claims end-to-end, from notification through to settlement, liaising with relevant stakeholders, brokers and insurers to ensure efficient resolution.
Lead insurance policy renewals, reviews and negotiations to secure optimal coverage and cost-effectiveness.
Continuously analyse the insurance market for trends, opportunities and potential cost savings.
Evaluate new insurance products and services relevant to our operations.
Review and evaluate contractual agreements, identifying potential risks and ensuring compliance with insurance requirements.
Advise stakeholders on insurance-related matters during contract negotiations and renewals.
Conduct comprehensive company-wide, departmental and asset risk assessments to identify potential risks and vulnerabilities.
Collaborate with cross-functional teams to develop and implement risk mitigation strategies and action plans.
Develop, implement and monitor risk mitigation measures.
Maintain accurate records of insurance policies, claims and risk assessment findings.
Prepare and present periodic reports to management on insurance-related matters, risk profiles and mitigation efforts.
Negotiate and structure insurance programmes for utility-scale projects in financial close to ensure coverage complies with lender requirements.
Facilitate the insurance due diligence process for projects in financial close with appointed lender advisors.
Manage the utility-scale insurance projects from construction until operations to ensure compliance with lender requirements.
Act as key liaison with brokers, insurers and loss adjusters.
Any other job duties associated with this role.
Experience & Skills
Bachelor's degree in Risk Management, Insurance, Business Administration, or a related field.
Proven experience in insurance management and risk assessment.
Knowledge of South African insurance regulations, industry standards and best practices.
Excellent communication and interpersonal skills to collaborate effectively with internal and external stakeholders.
Attention to detail, with the ability to manage multiple tasks and deadlines.
Specific attributes:
Strong risk mindset, with the ability to identify exposure, ask the right questions and follow through on mitigation actions.
Excellent communication and stakeholder management skills to work effectively with internal teams, brokers, insurers and external parties.
High attention to detail, with the ability to manage multiple deadlines, registers, reports and governance records accurately.
Desirable attributes:
Experience in construction all risk, asset all risk and business interruption insurance.
Experience in insurance claim management.
Strong analytical and problem-solving skills, with the ability to assess complex situations and recommend appropriate solutions.
Experience in renewable energy utility-scale insurance programmes and liaising with lenders and lender-appointed advisors.
What Does Success Look Like?
By 3 Months
I will be familiar with our insurance policies.
I will have updated monthlyinsurance reports with assistance.
I will have met with the brokers to understand the policies.
By 6 Months
I have mastered insurance reporting.
I will have mastered the claim management process.
I will have mastered where to collect data for insurance updates.
I will be accountable for insurance and run with insurance claims and reporting on my own.
I will have built a great relationship with brokers.
By 12 Months
I can confidently run with the company insurances.
I will have successfully undertaken a renewal process.
Core Values:
We hire, reward, and recognise our team against these values. It is imperative that you believe in these values and demonstrate them consistently.
We are passionate and proud of what we do.
We communicate candidly, especially when it is difficult
We take the initiative, share our mistakes, and grow together
We are dependable and take accountability
No one person is bigger than the solution - no egos.
We are currently only considering candidates based in South Africa with valid working rights. Unfortunately, we are unable to consider applications from outside the country at this time.

Employment type
Full-Time

Work arrangement
No