Risk Management Specialist

2 weeks ago


Manila, National Capital Region, Philippines DMCI Power Corporation Full time ₱1,200,000 - ₱2,400,000 per year

RISK MANAGEMENT SPECIALIST

Location: Chino Roces Ext., Makati City (near MRT Magallanes)

JOB SUMMARY:

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

  1. Operational Risk

  2. Obtain adequate insurance coverage for all power plant assets (existing/new/under construction) at all times

  3. Timely reporting and monitoring of insurance claims

  4. Credit and Reputational Risk

  5. Monitor aging of accounts payable and ensure timely payments to suppliers

  6. 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

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

  2. 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.



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