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  • Senior Specialist, Insurance

     


     

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    Job Description
    TitleSenior Specialist, Insurance
    Job codeSES0920
    Job posted on31/10/2016
    LocationBetzdorf
    CountryLuxembourg
    EducationMaster
    Contract typePermanent
    Start dateimmediately
    Job Description

    Senior Specialist, Insurance

    Ref SES0920
    Region Europe
    Location Luxembourg - Betzdorf
    Company SES
    Category Finance / Accounting
    Position Staff
    Published 2016-10-24

     


     

    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

    Apply for this Job online

    Web Pagehttp://www.ses.com/8233697/job-overview/apply/71951
    Contact information
    CompanySES
    AddressChâteau de Betzdorf
    Betzdorf
    Luxembourg
    L-6815
    Emailplease visit our website to apply online
    Web Pagehttp://www.ses.com


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