Senior Risk Consultant, Energy

Job Description – Senior Risk Consultant, Energy (12001247R1D20240826)

Job Number:

Senior Risk Consultant, Energy (12001247R1D20240826)

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London, UK

At AXA XL we offer more than 30 lines of business across Property, Casualty and Specialty risk, insuring companies with the most complex risks across different territories. As we look to the future, our desire is to continue growing to ensure we are meeting the needs of all our clients, of all business types and sizes.

The Energy Risk Consultant’s key mission is to execute the risk consulting strategy for the upstream energy team, aiming at optimizing:

• Value added support to the risk carrier (risk knowledge, risk selection, loss reduction) for the profitability of insured business
• Risk consulting services to clients as part of the payer to partner strategy (risk consulting value proposition & offers, development of a stream of earnings from risk consulting services to clients)

AXA XL’s culture of profitable growth is at the core of our underwriting ethos, and the primary driver of both strategic and day-to-day decisions. As an extensive global business, we take pride in teamwork, underwriting excellence, discipline, and the implementation of consistent underwriting and risk consulting standards and practices. We aim to consistently outperform the competition and attract the best talent by being the employer of choice in the markets we operate in.

As an Energy Risk Consultant, you will embody these values and be responsible for the delivery of outstanding risk consulting services to underwriters and clients.

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What will your essential responsibilities include?

• Your key mission is to provide Oil and Gas, drilling and exploration specific risk reviews for Underwriting through 3rd party information review, client and broker meetings as well as the claims reviews.
• Besides upstream energy, you will be part of and interact with the engineering team supporting the broad energy transition portfolio of AXA XL, including carbon capture and other new technologies.
• You will meet with underwriters, brokers, and clients of the Energy Industry to discuss specific risk consulting solutions helping clients to improve their risks while working towards a reduction of their carbon emissions.
• You may be required to visit client sites to evaluate location and industry specific risks and report your findings in a structured way back to underwriting and the client. Travel is therefore a requirement.
• You will help the underwriting team to enhance their risk knowledge, select profitable clients, and reduce losses.
• You will be working in compliance with our technical rules and guidelines. For this, you will be working closely with our regional and country managers.
• You will be sharing your knowledge and expertise with colleagues who are interested in learning about oil & gas and the energy transition and collaborating with the wider energy risk engineering teams.
• You will be working with our local claims team helping them to better understand the losses we pay. Your in-depth industry knowledge is key for this support.

You will be reporting to the UK Head of Risk Consulting.

We’re looking for someone who has these abilities and skills:

• MEng in either Petroleum Engineering, Mechanical Engineering or Chemical / Process Engineering.
• Have previously worked in an oil and gas exploration and production company and have significant experience in drilling, development (onshore and offshore), production operations, construction and some in offshore renewables, or have worked in an equivalent risk consulting position.
• Experience with projects and technologies that involve Hydrogen, Carbon Capture & Storage, geothermal energy or similar would be beneficial.
• Interest in the energy transition and learning about new and emerging technologies.
• Forward thinking, agile and with an ability to apply a problem-solving approach to risk management.
• Comfortable working autonomously, you are curious and a highly motivated self-starter with good relationship skills and are a great team player.
• Fluent in English – other languages are a plus.

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AXA XL, the P&C and specialty risk division of AXA, is known for solving complex risks. For mid-sized companies, multinationals and even some inspirational individuals we don’t just provide re/insurance, we reinvent it.

How? By combining a comprehensive and efficient capital platform, data-driven insights, leading technology, and the best talent in an agile and inclusive workspace, empowered to deliver top client service across all our lines of business − property, casualty, professional, financial lines, and specialty.

With an innovative and flexible approach to risk solutions, we partner with those who move the world forward.

AXA XL is committed to equal employment opportunity and will consider applicants regardless of gender, sexual orientation, age, ethnicity and origins, marital status, religion, disability, or any other protected characteristic.

At AXA XL, we know that an inclusive culture and a diverse workforce enable business growth and are critical to our success. That’s why we have made a strategic commitment to attract, develop, advance and retain the most diverse workforce possible, and create an inclusive culture where everyone can bring their full selves to work and can reach their highest potential. It’s about helping one another — and our business — to move forward and succeed.

• Five Business Resource Groups focused on gender, LGBTQ+, ethnicity and origins, disability and inclusion with 20 Chapters around the globe
• Robust support for Flexible Working Arrangements
• Enhanced family-friendly leave benefits
• Named to the Diversity Best Practices Index
• Signatory to the UK Women in Finance Charter

At AXA XL, Sustainability is integral to our business strategy. In an ever-changing world, AXA XL protects what matters most for our clients and communities. We know that sustainability is at the root of a more resilient future. Our 2023-26 Sustainability strategy, called “Roots of resilience”, focuses on protecting natural ecosystems, addressing climate change, and embedding sustainable practices across our operations.

• Valuing nature: How we impact nature affects how nature impacts us. Resilient ecosystems – the foundation of a sustainable planet and society – are essential to our future. We’re committed to protecting and restoring nature – from mangrove forests to the bees in our backyard – by increasing biodiversity awareness and inspiring clients and colleagues to put nature at the heart of their plans.
• Addressing climate change: The effects of a changing climate are far-reaching and significant. Unpredictable weather, increasing temperatures, and rising sea levels cause both social inequalities and environmental disruption. We’re building a net zero strategy, developing insurance products and services, and mobilizing to advance thought leadership and investment in societal-led solutions.
• Integrating ESG: All companies have a role to play in building a more resilient future. Incorporating ESG considerations into our internal processes and practices builds resilience from the roots of our business. We’re training our colleagues, engaging our external partners, and evolving our sustainability governance and reporting.
• AXA Hearts in Action: We have established volunteering and charitable giving programs to help colleagues support causes that matter most to them, known as AXA XL’s “Hearts in Action” programs. These include our Matching Gifts program, Volunteering Leave, and our annual volunteering day – the Global Day of Giving.

For more information, please see axaxl.com/sustainability

AXA XL is an Equal Opportunity Employer.

Location

Location: GB-GB-London

Work Locations:

GB London 20 Gracechurch Street London EC3V 0BG

Job Field:

Management And Business Support

Schedule:

Full-time

Job Type:

Standard

AXA XL is an Equal Opportunity Employer and does not discriminate against any colleague or applicant for employment on the basis of race, color, national origin, religion, sex, gender identity and/or expression, sexual orientation, age, disability, genetic information, veteran status, military status or any other category protected by local law.

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