Assistant Head of Insurance

Yinson is a dynamic, equal opportunity employer with great organisational culture where people are valued and empowered to deliver powerful solutions.  

The main role of the candidate is to provide assistance, support, and manage all insurance-related affairs within the Yinson Group of Companies. Additionally, he/she will support the private company's insurance affairs in various capacities.

The candidate will be responsible for overseeing the strategic direction, ensuring alignment with corporate objectives, managing finances, and providing overall governance to ensure the success of the captive entity.

The candidate will be responsible for supervising, mentoring the team, and ensuring that the Company's assets are insured adequately and that the relevant liabilities and exposures are appropriately monitored, mitigated and covered.

The candidate will liaise with internal and external stakeholders. This includes various internal parties across all Business Units, brokers, underwriters, claims handlers, clients, vendors, etc., to discuss, negotiate, resolve issues, and provide advice in relation to insurance matters.

• The candidate will be responsible for mentoring and managing the Group’s insurances across all Business Units, including Corporate, Offshore Production, Renewables, Green Technologies, and Marine. This includes the relevant corporate risk insurances, construction insurances, operational insurances, financing insurances, employee benefits insurance, and general insurances in relation to the relevant Business Units operating worldwide.
• The candidate will be involved in the overall insurance program. This includes providing guidance and support to the team in negotiating insurance procurement and placement, and reviewing insurance terms and limits to ensure that the company obtains adequate, compliant, and cost-effective insurance arrangements, and that they are placed or renewed in a timely manner.
• The candidate will collaborate with the project's legal counsel to review tender documents, due diligence insurance documents, contracts, and charter parties. He/she will actively participate in relevant meetings to address insurance risks and provide clarifications or solutions based on industry best practices.
• The candidate will be responsible for the LCI departmental and the relevant Business Unit’s project budgets.
• The candidate will provide support in identifying gaps in contractual terms to minimize risk exposures. They will also ensure that contractual obligations related to insurance are fulfilled and that any exceptions are appropriately highlighted.
• The candidate is responsible for identifying new areas for improvement within the function.
• The candidate will establish and nurture a high-achieving team while emphasizing ongoing development.
• The candidate will maintain and cultivate relationships with internal and external stakeholders, particularly with key underwriters, Protection & Indemnity club, brokers, captive managers and etc.
• The candidate will provide day-to-day support to stakeholders, clients, internal departments, subsidiaries, and associated companies regarding insurance matters or queries.
• The candidate will provide support to the Head of Insurance and team members in relation to all insurance-related matters.

Requirements

• A Law degree or professional certification in insurance or an equivalent qualification.
• The ideal candidate should have a minimum of ten years of experience in insurance and risk management. They should possess the ability to work independently while also being an effective team player. Adaptability, proactiveness, excellent communication, and interpersonal skills are essential qualities for this role.
• Candidates with experience in Captive insurance are preferred. Experience in O&G (Oil and Gas) and/or Energy insurance will have an advantage.

If you want to team up with us as we dream and stride towards a better tomorrow – we would love to hear from you!