Risk Management Specialist

3 weeks ago


Metro Manila Philippines DMCI Power Corporation Full time

2 days ago Be among the first 25 applicants

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JOB SUMMARY:

The Risk Specialist will assist the Department Head to mitigate the following risks:

1. Operational Risk

  • Obtain adequate insurance coverage for all power plant assets (existing/new/under construction) at all times
  • Timely reporting and monitoring of insurance claims

2. Credit and Reputational Risk

  • Monitor aging of accounts payable and ensure timely payments to suppliers
  • Monitor loans payable

DUTIES AND RESPONSIBILITIES

Coordinate with internal stakeholders (i.e. Engineering Department, Plant Managers, Finance and Accounting) to determine the ff:

  • Appropriate type of insurance cover (i.e. Contractor's All Risk Insurance or CARI, Industrial All Risk or IAR, others)
  • Sufficient insurance amount

Request insurance proposals from affiliate Dacon Insurance Brokers Inc ("DIBI") and external insurance brokers/insurers; prepare summary of proposals for evaluation of Department Head

Monitor expiry of insurance policies.

Determine insurance policy renewal requirements; coordinate with internal teams as needed.

Prepare and submit requirements for insurance policy renewal to DIBI or external broker/insurer, as applicable

Monitor insurance premium payables

Prepare Requests for Payment (RFP) of insurance premiums

Submit RFP and required attachments to Finance and Accounting department

Insurance claims:

1. Regular coordination with power plant personnel to check for any loss events to be reported as insurance claims

2. Prepare Insurance Claims reports and submit to DIBI or external broker/insurer as applicable

3. Assist the Department Head to complete requirements of insurance adjuster or broker as needed

4. Monitor status of insurance claims.

QUALIFICATIONS:

Bachelor's Degree in relevant field (Accounting or Engineering)

Preferably with at least 3 years of experience in risk management/insurance management.

Seniority level

  • Mid-Senior level

Employment type

  • Full-time

Job function

  • Finance and Sales
  • Industries: Electric Power Generation

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