The Insurance Risk Manager shall be responsible for the efficient management of the insurance risk management function in Europe and its cluster countries. Assignment includes responsibility for all local Product Groups reporting units, including subsidiaries, affiliated and joint venture companies, if any and support Country Treasurers / respective global or local Work Stream, Broker and Head of Insurance Risk management.

Principal Duties & Responsibilities:

• Support the creation of a Global Insurance Risk Management Portal.

• Manage surety bond relationships with Brokers, Insurers, and coordinate with Export and Trade Finance for Guarantee Management.

• Review and monitor insurance needs across countries, establishing key contacts in Business and Finance to ensure proper coverage.

• Ensure adherence to global Directives & Instructions for local insurance purchases, focusing on reputable and creditworthy insurers and compliance with local insurance requirements.

• Actively support local Divisions, Business Units, and the Legal Department with tenders and Risk Review processes.

• Integrate local risk control efforts with PG Group worldwide through liaison with GF-GTI, leading risk control activities including Property Risk Engineering surveys and Transport Risk Control workshops.

• Design and implement systems with GF and Brokers for insurance premium distribution, providing financial incentives for better risk control, and distribute budget advice annually.

• Prepare and conduct insurance risk management seminars with local business organizations and other Group Functions.

• Provide input on insurance risks during M&A due diligence processes.

• Manage departmental operating budget and maintain local manuals in addition to GF’s manual.

Broker Management:

• Establish and actively manage insurance brokers in all countries within the region.

• Develop and implement procedures manuals for brokers in each country.

• Establish a process to ensure compliance of contractual clauses with Brokers and the Legal function.

• Direct brokers for local policy placement and renewals, coverage adequacy, premium and tax payments, and distributions, including acquisitions/divestments.

• Direct brokers to establish necessary local insurance programs and self-insurance funds/accounts in cooperation with the business.

• Establish contracts with third-party administrators for claim management, as necessary in each country.

• Define roles, responsibilities, and authority for claim management and settlements.

• Support critical cases of incidents and claims management across various countries.

• Initiate the issuance of specific insurance certificate

Qualifications

• Ideally, a minimum of 10 years insurance risk management experience is required.

• University Degree (Bachelor or Master) of: Law, Economics, Engineering, or another adequate subject.

• Significative experience in reviewing and pleading large projects contracts globally

• Strong inter-personal skills and sound judgment

• · Excellent written and verbal communication skills (also in English)

• · Ability to work independently and in a team environment.

• · Proficiency in the use of Microsoft office suite applications

• · Willingness to travel on monthly basis

• · Work Permit