1. Position Summary
The Insurance Specialist is responsible for managing all insurance-related activities across the companys asset portfolio including marine aviation vehicle and other asset classes within company activities. The role ensures that all assets remain adequately insured throughout the entire lifecycle of each deal that insurance documentation fully complies with contractual and regulatory requirements and that insurance risks are proactively identified monitored and mitigated in close coordination with internal teams and external insurers and brokers.
2. Key Responsibilities
Insurance Administration & Compliance
- Manage placement renewal and administration of insurance policies including H&M P&I War Risk Liability and other relevant policies or general insurance agreements.
- Review insurance terms in contractual documents to ensure compliance with company and regulatory requirements.
- Maintain accurate and up-to-date insurance schedules including policy terms coverage limits deductibles and premium timelines.
- Ensure timely receipt verification and archiving of insurance certificates endorsements quotations debit notes invoices and proof of premium payments.
Coordination & Communication
- Communicate with insurance brokers insurers regarding policy placement renewals and ongoing insurance requirements.
- Work closely with internal company units to align on insurance obligations and documentation standards.
- Provide insurance-related support for audits due diligence processes and bank reporting.
Risk Monitoring & Claims Support
- Monitor key insurance obligations under contractual documents including compliance with minimum coverage and renewal deadlines.
- Support the claims process including documentation collection coordination with insurers/brokers and internal reporting.
- Identify emerging insurance risks and propose appropriate mitigation measures.
Financial & Reporting Duties
- Verify insurance invoices debit notes and track premium payments
- Track premium payments renewal schedules and insurer commitments.
- Prepare internal reports on insurance status risk exposure claims progress and renewal pipelines.
Requirements
Professional Background
- Proven experience in marine insurance gained within an insurance company shipowner/operator or insurance brokerage.
- Strong understanding of insurance for marine aviation vehicle and other corporate assets.
Skills & Competencies
- Excellent communication coordination and documentation-handling skills.
- Strong analytical abilities and high attention to detail.
- Ability to manage multiple insurance workflows simultaneously.
Languages
- English professional working proficiency (mandatory).
- French or Spanish considered a strong advantage due to the companys international activities.
1. Position SummaryThe Insurance Specialist is responsible for managing all insurance-related activities across the companys asset portfolio including marine aviation vehicle and other asset classes within company activities. The role ensures that all assets remain adequately insured throughout the ...
1. Position Summary
The Insurance Specialist is responsible for managing all insurance-related activities across the companys asset portfolio including marine aviation vehicle and other asset classes within company activities. The role ensures that all assets remain adequately insured throughout the entire lifecycle of each deal that insurance documentation fully complies with contractual and regulatory requirements and that insurance risks are proactively identified monitored and mitigated in close coordination with internal teams and external insurers and brokers.
2. Key Responsibilities
Insurance Administration & Compliance
- Manage placement renewal and administration of insurance policies including H&M P&I War Risk Liability and other relevant policies or general insurance agreements.
- Review insurance terms in contractual documents to ensure compliance with company and regulatory requirements.
- Maintain accurate and up-to-date insurance schedules including policy terms coverage limits deductibles and premium timelines.
- Ensure timely receipt verification and archiving of insurance certificates endorsements quotations debit notes invoices and proof of premium payments.
Coordination & Communication
- Communicate with insurance brokers insurers regarding policy placement renewals and ongoing insurance requirements.
- Work closely with internal company units to align on insurance obligations and documentation standards.
- Provide insurance-related support for audits due diligence processes and bank reporting.
Risk Monitoring & Claims Support
- Monitor key insurance obligations under contractual documents including compliance with minimum coverage and renewal deadlines.
- Support the claims process including documentation collection coordination with insurers/brokers and internal reporting.
- Identify emerging insurance risks and propose appropriate mitigation measures.
Financial & Reporting Duties
- Verify insurance invoices debit notes and track premium payments
- Track premium payments renewal schedules and insurer commitments.
- Prepare internal reports on insurance status risk exposure claims progress and renewal pipelines.
Requirements
Professional Background
- Proven experience in marine insurance gained within an insurance company shipowner/operator or insurance brokerage.
- Strong understanding of insurance for marine aviation vehicle and other corporate assets.
Skills & Competencies
- Excellent communication coordination and documentation-handling skills.
- Strong analytical abilities and high attention to detail.
- Ability to manage multiple insurance workflows simultaneously.
Languages
- English professional working proficiency (mandatory).
- French or Spanish considered a strong advantage due to the companys international activities.
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