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- Tasks: Support risk engineering for Power Generation, advising on client risks and conducting site surveys.
- Company: SCOR is a leading global reinsurer offering innovative insurance solutions to manage risk worldwide.
- Benefits: Enjoy a collaborative culture, diverse teams, and opportunities for professional growth in a global setting.
- Why this job: Join a team of experts tackling real-world challenges while making a positive impact on society.
- Qualifications: Bachelor/MSc in Electrical or Mechanical Engineering with extensive experience in Power Generation.
- Other info: Open to applicants with disabilities; embrace diversity and inclusion in the workplace.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
The key areas of this position will be :
- Provides risk engineering support to the SCOR SBS Power Generation Underwriting Team. She/he may support other SCOR underwriting lines where Power Generation, Utilities, and Machinery Breakdown perils are prevalent.
- Advises the SBS Underwriting Team about client risks, risk quality and loss estimates, through site surveys/desktop reviews of operational power generation risks, EAR risks, and project endorsements to operational policies.
- Provides external and internal Power Generation Clients with risk related training/seminars.
- Assists the SCOR Claims Team (Power Generation).
- Contributes to the SCOR Risk Control Practices know-how evolution, with technical guidelines, methodologies, tools developments, technology watch etc. (Powergen).
Responsibilities
- Supporting SCOR P&C Specialty Insurance Underwriting and Reinsurance Treaty teams dealing with Power Generation & Utilities. Risks include operational Power Generation (conventional, renewables and transitioning accountys) and Utilities.. LoB include: Power Generation, Energy and Heavy Industries (pulp & paper plants, steel, aluminium, etc.); operational and CAR/EAR accounts.
- Leading/attending insurance surveys/visits, and producing internal/market engineering survey reports for SCOR insureds and prospect risks based on SCOR methodologies and templates.
- Performing risk assessments, risk quality rating, replacement valuation assessments (SCOR software) and loss estimates upon SCOR methodologies and templates.
- Peer reviewing survey reports released by consultants and broker risk engineering.
- Reviewing and advising Underwriting Teams about CAR/EAR Power risks and technical advising about project endorsements to Operational policies.
- Developing, reviewing, enhancing Powergen risk engineering guidelines, methodologies, risk rating, report templates, risk assessment, loss estimate methodologies and guidelines.
- Keeping the Scor Power (turbines) technical database up to date dealing with market experts and OEMs.
- Providing technical assistance to the SCOR claims department reviewing loss adjuster reports, identifying causes that have led to the loss, and facilitate internal lessons learned from losses papers/slides.
- Supporting SCOR clients (i.e. corporate risks) or Insurance Companies to establish Risk Management programs including the introduction of Risk Control programs.
- Developing risk control training modules and leading seminars for SCOR UWs and clients.
- Assisting the RCP Leader in managing SCOR Powergen consultants/contractors.
- Assisting the RCP Leader with the survey plan and resources allocation
- Building internal and external networking and taking active part of the London market network of Risk Engineers/Underwriters and industry experts, including partnership with specialized companies and freelance consultants.
Qualifications
Required experience & competencies
- Bachelor/MSc on Electrical or Mechanical Engineering.
- Extensive industry experience as a Power Engineer with power generation companies.
- International expertise in Insurance/broking Power Generation Risk Engineering roles, including expertise in machinery breakdown.
- English is the business language internally and with clients.
- Any other language is a plus.
About Us
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.
Senior Risk Engineer - Power Generation employer: SCOR
Contact Detail:
SCOR Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Risk Engineer - Power Generation
✨Tip Number 1
Network actively within the power generation and insurance sectors. Attend industry events, seminars, and workshops to meet professionals who can provide insights or referrals. Building relationships with key players can significantly enhance your chances of landing a role at SCOR.
✨Tip Number 2
Stay updated on the latest trends and technologies in power generation and risk engineering. Familiarise yourself with SCOR's methodologies and tools by reviewing their publications or case studies. This knowledge will help you demonstrate your expertise during interviews.
✨Tip Number 3
Prepare to discuss specific projects or experiences where you've successfully assessed risks or implemented risk management strategies. Highlighting your practical experience will show that you can contribute effectively to SCOR's objectives.
✨Tip Number 4
Engage with SCOR's online presence, including their social media channels and website. Comment on their posts or share relevant content to get noticed. This proactive approach can help you stand out as a candidate who is genuinely interested in the company.
We think you need these skills to ace Senior Risk Engineer - Power Generation
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in power generation and risk engineering. Focus on specific projects or roles that demonstrate your expertise in machinery breakdown and operational risks.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about risk engineering in the power generation sector. Mention any relevant training or seminars you've conducted and how they align with SCOR's values and mission.
Showcase Technical Skills: Emphasise your technical skills related to electrical or mechanical engineering. Include any software or methodologies you are familiar with that are relevant to risk assessments and loss estimates.
Highlight International Experience: If you have international experience in insurance or broking within power generation, make sure to highlight this. Discuss how this experience has equipped you to handle diverse client needs and challenges.
How to prepare for a job interview at SCOR
✨Understand the Role
Make sure you have a solid grasp of what a Senior Risk Engineer in Power Generation does. Familiarise yourself with the key responsibilities outlined in the job description, such as risk assessments and advising underwriting teams. This will help you answer questions confidently and demonstrate your suitability for the role.
✨Showcase Your Technical Expertise
Given the technical nature of this position, be prepared to discuss your background in Electrical or Mechanical Engineering. Highlight your experience in power generation and any relevant projects you've worked on. This will show that you have the necessary skills and knowledge to excel in the role.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving abilities and risk assessment skills. Think of examples from your past experiences where you successfully identified risks and implemented solutions. This will demonstrate your practical understanding of risk engineering in the power generation sector.
✨Emphasise Collaboration and Communication Skills
Since the role involves working closely with various teams and clients, it's crucial to highlight your collaboration and communication skills. Be ready to discuss how you've effectively worked with others in previous roles, especially in training or seminar settings, to showcase your ability to thrive in a team-oriented environment.
