Insurance Analyst, Sg

COMPANY DESCRIPTION

**About the Company**

JERA Global Markets (JERAGM) is a leading utility-backed seaborne energy trader specialising in LNG, coal and freight. A joint venture between majority shareholder JERA Co., Inc. and EDF Trading, JERAGM’s shareholders are among the world’s largest utilities.

JERAGM operates one of the largest energy portfolios in the world which gives it an in-depth understanding of the way local, regional and international energy markets behave. These insights enable it to help its customers increase security of supply, optimise their portfolios and improve the risk management of their assets.

JERAGM LNG team manages the flexibility of over 35 million tonnes of supply each year, with structural access to both the European and North American gas markets. The coal team manages 60 million tonnes of supply each year for its shareholders and third-party customers and operates a major coal terminal in the Netherlands.

Headquartered in Singapore, JERAGM has a global talent pool of more than 250 people across offices located in four strategic locations: Singapore, Japan (Tokyo), the UK (London) and the US (Baltimore).

JERAGM is strongly capitalised with over US$500 million in paid up capital and a total equity of US$3 billion. JERAGM has retained its A+ Stable rating from R&I, attributable to a robust business model and solid financial base.

DESIGNATION : Insurance Analyst, SG

RESPONSIBILITIES

**Position Description**

JERAGM’s insurance function is part of the JERAGM Legal, Compliance & Contracts team. The insurance specialist will support the Head of Legal & Compliance in all insurance matters affecting the Company and to ensure timely placement, renewals, reporting, and operation of insurance processes for the company. The insurance specialist will also attend to general queries on policy coverage, coordinate with brokers on premium billing matters, claim process and new coverage, when required.

**Key Role Responsibilities**
- Compile monthly insurance declarations (LNG cargo, Coal cargo and ECL) and ensure that declarations are submitted to brokers / underwriters on a timely basis
- Compile claims records and ensure that such records are submitted to brokers / underwriters on a timely basis
- Ensure proper documentation and record of premium payments
- Assist in reviewing insurance policy terms, enhancements and endorsements
- Support insurance renewal process from preparation of renewal information, participation in renewal negotiations to policy placement
- Maintain insurance database to record details of policy coverage applicable to the Comp
- Assist in ad hoc insurance queries relating to LNG master sales and purchase agreements, contracts of use, charterparties, coal contracts / confirmations between internal stakeholders and brokers / underwriters to ensure terms and conditions agreed within the contracts are covered by existing insurance programmes available and propose wordings and/amendments to bring contractual liabilities under existing insurance covers
- Escalation of insurance claims (P&I, FD&D and cargo claims) to brokers / underwriters and may be required to handle early claim investigations. follow up on reimbursements from insurers immediately upon settlement and execute recourse actions, if any

QUALIFICATIONS

**Experience Required**

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- Knowledge of insurance market, claims and renewal process preferred
- Experience gained within an energy trading environment will be highly regarded. Preference will be given to someone who understands physical coal and LNG trading and drybulk transactions
- Familiarity with insurance terms and physical energy contract legal and shipping terms will be an advantage
- Experience of working directly with the trading and legal functions of an energy trading company

**Person Specification**
- Bachelor’s degree or higher in a suitable discipline, or relevant insurance/legal qualifications, is preferred
- Enthusiastic about marine / cargo insurance and genuinely interested in the insurance matters.
- Excellent written and verbal communication skills. Able to communicate effectively with internal stakeholders at all levels as well as external counterparty representatives.
- Must be detail orientated, productive and efficient.
- Must be well-organised and comfortable working in a (sometimes) stressful and demanding work environment.