Senior Specialist, Insurance

Context

The Senior Specialist, Insurance will primarily support the day to day management of the SES Captive insurance companies and of the SES space insurance programmes. He/she will also conduct specific analyses related to risk management and insurance topics, and will act in a back-up role on non-space insurance aspects. He/she is expected to work in close coordination with the Finance, Technology and Legal departments of SES, with the space insurance community, and with the various SES affiliates.

Responsibilities

• Develop and refine satellite insurance strategy and support the negotiation of launch, in-orbit and third party liability (re)insurance contracts.

• Critically review policy wordings and proof of loss documents from a technical, financial and legal perspective.

• Define the technical parameters to be included in the policies, using as input satellite technical characteristics and payload commercial requirements.

• Finalize and manage insurance policy documentation including Non-Disclosure Agreements, insurance / reinsurance slips and policy documents.

• Ensure proper invoicing and payment of premiums and broker fees, including SES inter-company transactions.

• Determine coverage levels, ensure internal management sign-off of amounts of insurance, and ensure compliance with renewal requirements and obligations under each policy.

• Coordinate responses to underwriters’ technical questions and anomaly notifications.

• Coordinate technical underwriter briefings.

• Perform complex analytical studies of SES insurance requirements and strategies, such as retention analyses.

• Perform statistical reliability analyses of satellites and launch vehicles.

• Provide oversight of the SES insurance captives, including review of financial statements and actuarial reports, with the objective to ensure compliance with the Solvency II directive.

• Efficiently and autonomously manage insurance contracts on a day-to-day basis, guaranteeing that SES fulfills its obligations under the policies

• Support management in the preparation and organization of the captive Board meetings and special committee meetings.

• Report internally on insurance matters for the purposes of Business Plan development, budgeting and transfer pricing.

• Develop and execute launch contingency plans.

• Act as back-up to the Insurance Director based in Princeton on non-space insurance matters.

Experience / Qualifications

• 3-5 years of space industry and/or insurance market experience

• Specific knowledge of finance and engineering, Master’s degree in a scientific, engineering or financial discipline

• Ability to deal with various parts of the organization including Finance, Technology, Legal and Commercial

• Fluency in English

• Able to independently and critically review the scope of insurance policies, ensuring that they provide exactly the level of coverage that is needed

• Understanding of legal and regulatory as well as technical aspects of insurance

• Familiar with probability, statistics and stochastic modeling

• Ability to efficiently organize meetings and presentations including large numbers of internal and external participants

• Excellent oral and written communication skills 

• Good negotiation skills 

• Ability to organize own work

• A team player, who accurately documents his work and keeps others informed

• An analytical mindset

• Objective, rational and multidisciplinary thinking

• A willingness to learn 

• A high degree of integrity

Our Offer

Competitive salary package, coupled with a diverse array of challenges and development benefits.

SES is an Equal Opportunity and Affirmative Action Employer.

This position reports to

Vice President, Insurance

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