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Refex - Head - Insurance & Risk

Refex - Head - Insurance & Risk

REFEX INDUSTRIES LIMITEDChennai, India
30+ days ago
Job description

Currently we are looking for the position Insurance and Risk Head

Roles and Management :

  • Structure and administer comprehensive insurance programs tailored to the wind turbine lifecycle : Marine & Transit Insurance for component movement (blades, nacelles, towers)
  • Erection All Risk (EAR) Insurance for installation phases
  • Property & Operational Risk Insurance for manufacturing and O&M sites
  • Liability and Asset Coverage for statutory and contractual exposures
  • Coordinate with insurance brokers and underwriters for policy placement, renewals, endorsements, and claims handling.
  • Define insurance requirements during bid submissions and contract execution phases.
  • Enforce insurance compliance across all counterparties vendors, EPCs, logistics providers, and OEMs.

Warranty & Guarantee Oversight :

  • Draft and review warranty clauses for major components (generator, gearbox, blades, tower) during procurement and sales contracts.
  • Validate technical obligations and performance guarantees with engineering and legal teams.
  • Administer lifecycle management of PGs, BGs, APGsincluding issuance, collection, renewals, and releases.
  • Enforce back-to-back warranty alignment from suppliers and OEMs, mitigating downstream risk.
  • Maintain centralized registers for warranty and guarantees with real-time expiry and renewal tracking.

    • Risk Assessment & Claims Management :

  • Conduct quantitative and qualitative risk assessments across transit, construction, and operational stages of wind and solar projects.
  • Manage complete insurance claim lifecycle from incident notification, evidence collation, and negotiation to final settlement.
  • Lead root-cause analysis for component failures and coordinate with OEMs for technical inputs in claims or settlement discussions.
  • Identify and monitor risk exposure across project locations and supply chain nodes, integrating findings into mitigation strategies.

    • Stakeholder & Vendor Coordination :

  • Partner with commercial and procurement teams during contract structuring to embed robust risk, insurance, and warranty terms.
  • Engage with project execution teams to define and implement site-specific risk protocols.
  • Liaise with OEMs, EPC contractors, insurers, and logistics vendors to ensure seamless accountability and contractual risk transfer.
  • Drive risk culture across functions by embedding risk awareness into operational decisions and project CA / CMA / MBA (Finance) / M.Com Mandatory
  • Actuarial Science Qualification Good to have
  • Preferred : Experience in wind turbine or solar energy industry (trading, manufacturing, EPC, or operations)
  • Required experience : 8-12 Years

    • Technical skills :

  • Advanced knowledge of project insurance instruments (marine, EAR, liability)
  • Proficiency in financial guarantees and risk allocation frameworks
  • Risk modelling, exposure analysis, and incident trend mapping
  • Claims management and settlement negotiation
  • Understanding of contract structuring in EPC / OEM / vendor contexts
  • Familiarity with ERP systems and insurance workflows

    • Soft skills :

  • Strategic financial acumen aligned with capex-heavy, long-gestation projects
  • Strong negotiation skills with banks, NBFCs, and financial institutions
  • Proactive stakeholder management across project, legal, and procurement functions
  • High accountability, ethical judgment, and confidentiality in financial matters
  • Ability to operate under uncertainty and tight liquidity scenarios
  • Leadership in driving treasury transformation and process standardization across SPVs and group entities.

    • Location : Chennai

    Company Name : Venwind Refex Power Ltd( https : / / venwindrefex.com), Refex group.

    (ref : iimjobs.com)

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    Risk • Chennai, India