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- Tasks: Support insurance needs during contract negotiations and manage relationships with insurers.
- Company: GE Vernova is a leader in sustainable energy solutions, focused on electrifying and decarbonising the world.
- Benefits: Enjoy competitive pay, flexible work options, and a robust benefits package including healthcare and tuition assistance.
- Why this job: Join a mission-driven team making a real impact on global energy while developing your career in a dynamic environment.
- Qualifications: Bachelor's degree and experience in underwriting or risk management; strong negotiation skills are a plus.
- Other info: This role offers opportunities for growth and a chance to work with cutting-edge technology.
The predicted salary is between 80000 - 120000 ÂŁ per year.
Gas Power New Units Insurance Expert page is loaded
Gas Power New Units Insurance Expert
Apply locations Stafford time type Full time posted on Posted 30+ Days Ago job requisition id R5008771
Job Description Summary
Vernova Purpose
GE Vernova is accelerating the path to more reliable, affordable, and sustainable energy, while helping our customers power economies and deliver the electricity that is vital to health, safety, security, and improved quality of life. Are you excited at the opportunity to electrify and decarbonize the world?
What impact you’ll make
As a member of the Gas Power New Units insurance team that focuses on internal and external insurance needs you will provide transactional support during contract negotiations by interfacing with customer and supplier insurance experts and identifying risks during underwriting. You will also maintain relationship management of insurers through annual insurance seminars and discussions to keep them updated on GEV HDGT and Aero technology. You will manage insurance risk policies/risk thresholds across the New Unit business and through GEV corporate and deliver insurance and risk management training to the business. You will lead insurability efforts for New Product Initiatives (NPI) with close partnership with Product Management. Cross-train with Gas Power Services insurance team for best practice sharing and to support each other when a backfill is needed during vacations/illnesses/training/traveling, etc.
Job Description
What you’ll do
Transactional Support:
- Interface internally with commercial operations and sales providing Risk analysis and solutions in the negotiation of contracts and comment to bid documents.
- Interface externally with customers, partners, suppliers, subcontractors , brokers, and underwriters during negotiations and when needed for negotiating claims in execution.
- Obtain and provide Premium estimates for Proposals/Contracts.
- Review/ comment on Owner/ Partner policies and certificates, as required.
- Ensure that customer/partner risk requirements are in line with GEV risk policies, insurances, and industry standards.
- Interface internally with Project Managers, Contract Managers, Finance Managers, and Logistics for insurance needs as part of the commercial negotiations and bid preparation.
Relationship Management of Insurers:
- Cultivate and maintain key relationships in the global insurance market to keep a pulse on insurance issue that may impact GEV.
- Be a point of contact for insurers as they have questions about GEV technology.
- Support the 3 annual insurance seminars (US, Asia, Europe) to own GEV’s narrative with insurers on top issues.
Manage Insurance Risk Policies, Thresholds, and Exposure:
- Contribute/consult on the evolution of GEV risk policies and thresholds in connection with the commercial DOA.
- Actively work with GEV Corporate Insurance to identify solutions to improve the processes and identify coverage issues.
- Contribute to GEV’s Renewal process by providing risk data to Corporate Insurance.
- Provided guidance and support to Contract Managers and others for the settlement of claims under customer/ partner insurance policies.
- Provide internal training on insurance standards, risks, and DOA policies.
New Product Initiatives:
- Internally work closely with Products team to identify potential “unproven” technology issues, and provide solutions, prior to customers’ entrance into the insurance market
- Support commercial team to ensure that contracts properly mitigate “new product technology” risks.
- Interface externally with customers & partners, broker and underwriter in the negotiation of contract terms, insurability and warranty issues
- Prepare and deliver insurance & risk management training presentations to the business.
What you’ll bring (Basic Qualifications)
- Bachelor degree from accredited university or equivalent knowledge and experience
- Significant experience in underwriting, risk management, brokerage, or related field
What will make you stand out
- Extensive knowledge of : All-Risk property, Construction, Marine, Liability insurance coverage; industry standards and practices; industry resources
- Bachelor degree from accredited university in insurance, risk management, or related field
- Professional designations, including CPCU, ARM
- MBA or Legal Degree
- Strong negotiating and influencing skills
- Ability to thrive in dynamic environment interacting with multiple internal functions (commercial, project management, legal, finance etc.) as well as external customers, insurers, underwriters, brokers, etc
- Hands on experience in analysing and negotiating allocations of risk in contracts.
- Hands on experience in pursing insurance recoveries and resolving conflicts.
- Hands on experiences in educating the marketplace on new technologies and facilitating insurance support of NPI.
Benefits Available to You
GE Vernova employees rise to the challenge of building a world that works. In order to meet this mission, we provide varied, competitive benefits to help support our workforce: Our Culture | GE Vernova (gecareers.com)
- Our compensation & benefits are designed to reward high performers and help you manage your personal and family needs. We offer a robust benefits package depending on your employment status and your national requirements.
- A healthy, balanced lifestyle can mean different things to different people. We\’ve created programs that support the way you live and work today.
- GE Vernova invests to provide opportunities to grow your career by providing a path for continued on-the-job learning and development.
Inclusion
At GE Vernova, we believe in the value of your unique identity, background and experiences. We are committed to fostering an inclusive culture, where everyone feels empowered to do their best work because they feel accepted, respected and that they belong. Click here to learn more: https://jobs.gecareers.com/vernova/global/en/i-d-e
About GE Vernova Gas Power
GE Vernova’s Gas Power business engineers advanced, efficient natural gas-powered technologies and services, along with decarbonization solutions that aim to help electrify a lower carbon future. It is a global leader in gas turbines and power plant technologies and services with the industry’s largest installed base.
The base pay range for this position is $ 128,400.00 – 150,000.00K USD. The specific pay offered may be influenced by a variety of factors, including the candidate\’s experience, education, and skill set. This position is also eligible for bonuses, such as a performance bonus/variable incentive compensation/equity. This position is expected to close on 6/2/25, or thereafter.
The company pays a geographic differential of 110%, 120%, or 130% of salary in certain areas.
Healthcare benefits include medical, dental, vision, and prescription drug coverage; access to a Health Coach, a 24/7 nurse-based resource; and access to the Employee Assistance Program, providing 24/7 confidential assessment, counseling, and referral services. Retirement benefits include the GE Retirement Savings Plan, a tax-advantaged 401 (k) savings opportunity with company matching contributions and company retirement contributions, as well as access to Fidelity resources and planning consultants. Other benefits include tuition assistance, adoption assistance, paid parental leave, disability insurance, life insurance, and paid time-off for vacation or illness.
General Electric Company, Ropcor, Inc., and in some cases their affiliates, each sponsor certain employee benefit plans or programs (i.e., is a \”Sponsor\”). Each Sponsor reserves the right to terminate, amend, suspend, replace, or modify its benefit plans and programs at any time and for any reason, in its sole discretion. No individual has a vested right to any benefit under a Sponsor\’s welfare benefit plan or program. This document does not create a contract of employment with any individual.
Additional Information
Relocation Assistance Provided: No
About Us
Addressing the climate crisis is an urgent global priority and we take our responsibility seriously. That is our singular mission at GE Vernova: continuing to electrify the world while simultaneously working to help decarbonize it.
If we want our energy future to be different…we must be different.
Our mission is embedded in our name. We retain our treasured legacy, “GE,” in our name as an enduring and hard-earned badge of quality and ingenuity. “Ver” / “verde” signal Earth’s verdant and lush ecosystems. “Nova,” from the Latin “novus,” nods to a new, innovative era of lower carbon energy that GE Vernova will help deliver.
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Gas Power New Units Insurance Expert employer: AL7583 GE Power Norway AS
Contact Detail:
AL7583 GE Power Norway AS Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Gas Power New Units Insurance Expert
✨Tip Number 1
Familiarise yourself with the latest trends in gas power technologies and insurance practices. Understanding the nuances of All-Risk property, Construction, Marine, and Liability insurance will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the insurance and gas power sectors. Attend industry seminars or webinars to connect with potential colleagues and learn about the challenges they face, which can help you tailor your discussions during the interview.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed risk in previous roles. Highlighting your hands-on experience in negotiating contracts and resolving conflicts will demonstrate your capability to handle the responsibilities of this position.
✨Tip Number 4
Showcase your ability to thrive in dynamic environments by sharing experiences where you collaborated with multiple internal functions. This will illustrate your versatility and readiness to engage with various teams at GE Vernova.
We think you need these skills to ace Gas Power New Units Insurance Expert
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly read the job description for the Gas Power New Units Insurance Expert position. Understand the key responsibilities and required qualifications to tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in underwriting, risk management, or brokerage. Provide specific examples of how you've successfully managed insurance risks or negotiated contracts in previous roles.
Showcase Your Skills: Make sure to highlight your strong negotiating and influencing skills, as well as your ability to work in dynamic environments. Use concrete examples to demonstrate how these skills have contributed to your past successes.
Craft a Compelling Cover Letter: Write a tailored cover letter that connects your background to the mission of GE Vernova. Express your enthusiasm for the role and how you can contribute to their goal of electrifying and decarbonising the world.
How to prepare for a job interview at AL7583 GE Power Norway AS
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Gas Power New Units Insurance Expert. Familiarise yourself with the key tasks such as risk analysis, contract negotiations, and relationship management with insurers. This will help you articulate how your skills align with the job.
✨Showcase Your Expertise
Highlight your experience in underwriting, risk management, and insurance coverage. Be prepared to discuss specific examples where you've successfully navigated complex insurance issues or negotiated contracts, as this will demonstrate your capability in handling the role's challenges.
✨Prepare for Technical Questions
Expect questions related to All-Risk property, Construction, Marine, and Liability insurance. Brush up on industry standards and practices, and be ready to explain how these relate to the technologies used by GE Vernova. This shows your commitment to staying informed in your field.
✨Demonstrate Relationship Management Skills
Since maintaining relationships with insurers is crucial, prepare to discuss how you've built and managed professional relationships in the past. Share examples of how you've effectively communicated and collaborated with various stakeholders, as this will highlight your interpersonal skills.
