Risk (Insurance) Manager (London, N/A, GB)

Requisition ID: 282779

Relocation Authorized: None Telework Type: Part-Time Telework Work Location: London WC2E

Extraordinary teams building inspiring projects:

Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.

Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. We serve the Infrastructure; Nuclear, Security & Environmental; Energy; Mining & Metals, and the Manufacturing and Technology markets. Our services span from initial planning and investment, through start-up and operations.

Core to Bechtel is our Vision, Values and Commitments. They are what we believe, what customers can expect, and how we deliver. Learn more about our extraordinary teams building inspiring projects in our Impact Report.

Job Summary:

In this role, the Risk (Insurance) Manager will be responsible for leading insurance related activities; and work with other Bechtel colleagues of different disciplines to identify and evaluate project risks on prospective work and select the appropriate combination of risk retention and risk transfer (insurance) techniques.

Support begins at the proposal stage and continues through completion of all project activity and until resolution of any claims arising after completion of the work. This is primarily a specialist insurance position but combines insurance and risk management experience with understanding requirements of large commercial construction projects. It requires the maintenance of relationships with clients, insurers, partner brokers, and company functional and senior management representatives.

"This position is designated as part-time telework per our global telework policy and may require at least three days of in-person attendance per week at the assigned office or project. Weekly in-person schedules will be determined by the individual and their supervisor, in consultation with functional or project leadership”

Major Responsibilities:

Has a good knowledge of the insurance industry and current state of market trends in pricing and terms and conditions. Collaborates with Global Business Unit business and legal colleagues in the identification and evaluation of insurable risks arising from prospective project activities, insurance coverages and solutions for risk-related problems as well as available risk financing alternatives for applicable projects. Develops insurance strategies in response to client and Bechtel requirements. Initiates recommended language and proposes alternative provisions for liability and insurance matters (including procurement responsibility) in proposals, contracts, subcontracts, and other documents. Participates in contract negotiations with legal partners on areas of contractual risk transfer and applicable insurance positions. Prepares insurance program cost breakdown for use in estimating. Coordinates enrolment into controlled insurance programs for applicable projects (in both OCIP and CCIP situations). Issues instructions to all projects regarding premium reporting and allocation, accident reporting and claims procedures and other matters relating to insurance administration. Seeks, and disseminates within the company, lessons learned from insurance partners to inform and enhance project execution strategies. Coordinates the interface between Bechtel and client personnel, brokers, and insurers regarding insurance programs including preparing underwriting data, coordinating site visits and support duties as requested. Assists in the development and training of both department personnel and the organization as a whole.

Education and Experience Requirements:

Basic Qualifications:

Bachelor’s or Master’s degree preferably in Risk Management or relevant area from an accredited college/university Extensive relevant work experience in the construction insurance market.

Preferred Qualifications (in addition to Basic):

Has experience and expertise in the relevant insurance lines critical to the E&C industry. Knowledge of risk, insurance, and liability principles and concepts. Skilled in project contractual negotiations and administration. Knowledge of complex builder’s risk insurance programs and controlled insurance programs. Experience working with estimating, project controls, procurement, engineering, and construction teams. Knowledge preferred for this position would be consistent with the Construction Risk Insurance Specialist (CRIS) designation from the International Risk Management Institute.

Required Knowledge and Skills:

High level of commitment to a quality work product and organizational ethics, integrity and compliance. Demonstrated track record of developing and implementing risk management strategies. Adapts well to and initiates change. Highly developed interpersonal, written and verbal communications skills. Team player, change agent, strategic, creative with exceptional project management skills. Strong communication (both verbal and written) skills.

Total Rewards/Benefits:

For decades, Bechtel has worked to inspire the next generation of employees and beyond! Because our teams face some of the world's toughest challenges, we offer robust benefits to ensure our people thrive. Whether it is advancing careers, delivering programs to enhance our culture, or providing time to recharge, Bechtel has the benefits to build a legacy of sustainable growth. Learn more at Bechtel Total Rewards

Diverse teams build the extraordinary:

As a global company, Bechtel has long been home to a vibrant multitude of nationalities, cultures, ethnicities, and life experiences. This diversity has made us a more trusted partner, more effective problem solvers and innovators, and a more attractive destination for leading talent.

We are committed to being a company where every colleague feels that they belong-where colleagues feel part of "One Team," respected and rewarded for what they bring, supported in pursuing their goals, invested in our values and purpose, and treated equitably. Click here to learn more about the people who power our legacy. #LI-BP1

Bechtel is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, age, national origin, disability, citizenship status (except as authorized by law), protected veteran status, genetic information, and any other characteristic protected by federal, state or local law. Applicants with a disability, who require a reasonable accommodation for any part of the application or hiring process, may e-mail their request to acesstmt@bechtel.com