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Compensation Range - Base:
$83,200 - 104,000
Evaluate contractual agreements to determine if they effectively transfer or avoid financial obligations not expected by the Company and that they are in compliance with insurance requirements or restrictions. Involved in the negotiation processes. Contracts include but are not limited to agreements for towing, joint venture, specialized services and consulting, vendor MSAs and drilling tenders. I Determine that the proper financial requirements are met and evidenced by receipt of satisfactory insurance certificates. Coordinate and complete the global hull and machinery and excess liability insurance program renewal to optimize coverage value based on the company?s risk objectives. Assist in preparing documentation to request subsidiary entity approval of insurance program and administer the settlement of insurance invoices. II Administer property damage and cargo claims. Interface with operations, finance, outside and corporate counsel, brokers and adjusters to minimize the financial impact of an incident. Ensure that recoveries are obtained in a timely manner. Report on claims status monthly. I Analyze and obtain, if needed, local insurance coverages required by legal and contractual obligations. Develop cost effective options for compliance. Confer with the Tax Department, field offices and brokers for determination. II Assist in the allocation of insurance costs throughout the rig fleet and onshore support facilities. III Provide evidence of insurance coverage for customers, vendors, financial institutions and governmental authorities. II Monitor and report to underwriters any asset or corporate changes that could impact the insurance program such as asset movements, disposals or acquisitions. II Ad hoc special projects as assigned
EXPERIENCE: Six (6) to eight (8) years in field and in related industry, with some supervisory experience preferred. SKILLS: Knowledge of insurance company operations, policies and procedures. Understanding of the Company business risks and potential liabilities. Familiar with pricing mechanisms used in insurance programs and alternative risk financing vehicles. Ability to analyze legal agreements and suggest alternative wordings. Possess at an intermediate or better level, computer skills especially with Microsoft spreadsheets and database programs. Strong interpersonal and negotiating skills are needed. Presentation skills needed to disseminate information to all levels of management and the field. INGENUITY: An ability to be creative in finding viable alternate methods of minimizing and avoiding risk. Must be able to settle claims amicably and efficiently. DECISION MAKING: Ability to determine financial adequacy of certificates of insurance and contractual agreements, to conduct selection of third party claims services and to manage the claims process with relevant stakeholders (operations personnel, brokers, insurers, adjusters, vendors and management). EDUCATION: Bachelor of Science or Arts degree and professional designation, such as CPCU, AMIM or ARM, preferred.
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