
Risk Management Specialist
2 weeks ago
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:
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
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:
- 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
Assist the Department Head to complete requirements of insurance adjuster or broker as needed
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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