The main function of the job is to carry out risk appraisals of underwriting submissions and undertake risk / loss prevention surveys of conventional downstream oil, gas and petrochemical plants including property damage and business interruption assessments.
Willingness to travel on a global basis will be important - travel will be of the order of up to 60 (to be agreed) days per year.
ORGANISATION & REPORTING
The Senior Onshore Engineer will jointly report to the Head of Energy Engineering Manager and the Head of Chubb Global Markets, Energy. The Engineer will be expected to liaise closely with the Onshore Energy Underwriters in the London office and with the Underwriters and Engineers in the other Chubb Regional offices as necessary.
Chubb Global Energy provides insurance coverage for upstream, downstream and renewable energy operations. Risk prevention and loss control risk surveys are an essential component of the services provided to Chubb Global Energy clients which include oil majors, national oil companies and independents. Chubb is a significant player in the global energy insurance market and counts several oil majors and many national oil and gas companies amongst its’ clients.
MAIN ACTIVITIES
To support the Onshore Energy underwriters providing technical input to risks. The focus of the position will be on risk appetite – pre-bind peer review process with the Underwriter based on risk fundamentals, evaluating reports provided by brokers and other third parties and completing engineering Risk Performance Indicators (RPI) for a particular location as required. To attend risk engineering surveys of Onshore Energy risks where Chubb are the lead underwriter with other underwriter and broker engineers. Deliverables will include input to the broker’s report and risk improvement recommendations that will assist the client in managing risk to acceptable levels and Chubb’s internal risk assessment document. On occasion a full risk survey report will be required. Continual learning through a thirst for knowledge to support the engineering team’s understanding of new and existing technologies. Recent examples of this include developing a deep understanding of carbon capture technologies, renewable hydrogen production facilities and geothermal projects. This role provides opportunities to broaden beyond traditional oil and gas activities.SPECIFIC TASKS
Complete pre-bind peer review with the Underwriter based on the fundamentals of the risk using the Chubb Energy Risk Fundamentals Assessment (RFA) tool. Carry out desk-top reviews of energy underwriting submissions including calculation of EML (estimated maximum loss) using vapour cloud explosion modelling software and Probably Business Loss (PBL) assessments. Support the underwriter in discussions with the client, broker and broker’s engineers. Carry out business interruption / DSU (delay in start up) studies Conduct risk surveys of downstream energy risks Compile engineering reports for Chubb, market underwriters and Assured (income will be generated from the production of the reports). Maintain an up-to-date knowledge of technological and operational developments in the oil and petrochemical sector. To provide technical input to the claims department and make recommendations in the appointment of loss adjusters and other specialists in managing the claims process.SUPERVISORY RESPONSIBILITIES
Establish survey programme with underwriters and clients Develop relationships with key clients and brokers. Develop training packages for Underwriters Continuous professional development – keep up to date with technological developments (at talks, selected seminars and conferences). Expand profile of Chubb Global Energy – deliver presentations at industry conferences and seminars, etc.CONTACTS
The appointed engineer will have/develop a rapport with important Chubb customers in order to assist them in the development and implementation of loss prevention and control programmes. The appointed engineer will be expected to join various insurance industry forums for the purposes of knowledge acquisition.Knowledge. The engineer must have knowledge of conventional downstream oil, gas and petrochemical risks and be expected to keep up to date with technological advances in the industry.Experience. Strong experience & expertise in oil and gas industry. Experience of the insurance industry preferred but not essential.Professional Qualifications: Chartered status (C.Eng.) of recognised engineering institution preferred eg MIChemE, MIMechE.Academic record: Engineering degree preferred. BSc Chemical Engineering or appropriate equivalent such as BSc Mech. Eng.Other: Good interpersonal skills are important in order to build relationships with both Chubb’s clients and brokers.Travel Requirements. The appointed engineer will be expected to travel on a truly global basis to survey risks underwritten by Chubb Global Energy. Expected time away on surveys will be up to 60 days per annum (to be agreed). The recruit should be prepared to be away on surveys for up to 2 weeks at a time (on occasion) although most risk surveys will be of 5 days duration.
What we offer in return!
Pension and annual bonus scheme, 25 days annual leave plus ability to purchase 5 additional days, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program
Integrity. Client focus. Respect. Excellence. Teamwork.
Our core values dictate how we live and work. We’re an ethical and honest company that’s wholly committed to its clients. A business that’s engaged in mutual trust and respect for its employees and partners. A place where colleagues perform at the highest levels. And a working environment that’s collaborative and supportive.
Diversity & Inclusion. At Chubb we consider our people our chief competitive advantage and as such we treat colleagues, candidates, clients, and business partners with equality, fairness and respect, regardless of their age, disability, race, religion or belief, gender, sexual orientation, marital status or family circumstances.
We are committed to ensuring our recruitment process is inclusive and accessible to all. If you have a disability or long-term condition (for example dyslexia, anxiety, autism, a mobility condition or hearing loss) and need us to make any reasonable adjustments, changes or do anything differently during the recruitment process, please let us know in your application or in any future discussions with our recruiters.
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