Position Title
Assistant Manager - Insurance
Position Summary
Looking for a dynamic individual skilled in managing and optimizing our insurance programs across all stages of renewable energy project lifecycles from development and construction to operations and maintenance.This individual will be responsible for identifying, assessing, and mitigating risks through comprehensive insurance strategies, ensuring adequate coverage, and driving cost-effective solutions. This role requires a strong understanding of both insurance principles, and the specific risks associated with large-scale renewable energy projects.
Position Demands
Travel as and when required
Key Accountabilities / Responsibilities
- Plan, assess and formalize the Insurance requirements for renewable energy plants further manage the adequate risk cover through insurance policies.
- Manage the renewal process for various insurance policies, including Industrial All Risks (IAR), Business Interruption, Marine Cargo, Construction All Risks (CAR), Erection All Risks (EAR), Public Liability, Environmental Liability, Professional Indemnity, Terrorism and Cyber Insurance.
- Review and negotiate policy wordings, terms, and conditions with brokers and underwriters to ensure optimal coverage and competitive pricing, ensuring compliance with local and international insurance regulations and company policies.
- Negotiate and conclude Service Level Agreements (SLA)
- Conduct comprehensive risk assessments for new and existing renewable energy projects, identifying potential exposures (e.g., natural catastrophes, equipment failure, technology risks, supply chain disruptions, political risks).
- Oversee, manage and expedite the end-to-end claims process, from initial reporting to settlement, for all types of insurance claims.
- Liaise effectively with brokers, adjusters, legal teams, and internal stakeholders to ensure timely and favorable claim resolution.
- Review project contracts, financing agreements, and other legal documents to ensure appropriate allocation of insurance responsibilities and compliance with contractual insurance requirements.
- Collaborate effectively with cross-functional teams to integrate insurance considerations into project planning and execution.
- Conduct awareness sessions to stakeholders for insurance claims.
- Prepare and maintain the MIS for Policies and claims
About Us
Serentica Renewables is a renewable energy generation company that enables energy-intensive industries transition to a clean energy future. We provide assured, firm renewable energy (RE) by developing, operating, and dispatching greenfield solar, wind, energy storage with balancing solutions.
Serentica plans to install 4000 MW of solar & wind power across multiple sites in the states of the Karnataka, Rajasthan, and Maharashtra where the company has already acquired connectivity approvals. A large part of this capacity will be used to deliver close to 1.8MW of round-the-clock clean energy to various entities of the Vedanta Group. The company will focus on providing direct green energy solutions to commercial and industrial customers.
Serentica is committed to reversing climate change by decarbonizing energy-intensive industries such as Steel, Cement, Aluminium and Zinc. Industries consume more than 50% of the electricity generated in India. Serentica s medium-term goal is to supply over 40 billion units of clean energy annually and displace 37 million tonnes of CO2 emissions.
