The main function of the job is to carry out risk appraisals of underwriting submissions and undertake risk / loss prevention surveys of conventional downstream oil, gas and petrochemical plants including property damage and business interruption assessments.
Willingness to travel on a global basis will be important - travel will be of the order of up to 60 (to be agreed) days per year.
ORGANISATION & REPORTING The Senior Onshore Engineer will jointly report to the Head of Energy Engineering Manager and the Head of Chubb Global Markets, Energy.
The Engineer will be expected to liaise closely with the Onshore Energy Underwriters in the London office and with the Underwriters and Engineers in the other Chubb Regional offices as necessary.
Chubb Global Energy provides insurance coverage for upstream, downstream and renewable energy operations.
Risk prevention and loss control risk surveys are an essential component of the services provided to Chubb Global Energy clients which include oil majors, national oil companies and independents.
Chubb is a significant player in the global energy insurance market and counts several oil majors and many national oil and gas companies amongst its clients.
MAIN ACTIVITIES Support the Onshore Energy underwriters by providing technical input to risks, focusing on risk appetite through a pre-bind peer review process with the Underwriter based on risk fundamentals, evaluating reports provided by brokers and other third parties, and completing engineering Risk Performance Indicators (RPI) as required.Attend risk engineering surveys of Onshore Energy risks where Chubb is the lead underwriter with other underwriters and broker engineers.
Deliverables will include input to the broker's report and risk improvement recommendations to assist the client in managing risk to acceptable levels and Chubb's internal risk assessment document.
A full risk survey report may be required on occasion.Engage in continual learning to support the engineering team's understanding of new and existing technologies, including carbon capture technologies, renewable hydrogen production facilities, and geothermal projects.
This role provides opportunities to broaden beyond traditional oil and gas activities.SPECIFIC TASKS Complete pre-bind peer review with the Underwriter using the Chubb Energy Risk Fundamentals Assessment (RFA) tool.Conduct desk-top reviews of energy underwriting submissions, including calculation of EML (estimated maximum loss) using vapour cloud explosion modelling software and Probably Business Loss (PBL) assessments.Support the underwriter in discussions with the client, broker, and broker's engineers.Carry out business interruption / DSU (delay in start-up) studies.Conduct risk surveys of downstream energy risks.Compile engineering reports for Chubb, market underwriters, and Assured (income will be generated from the production of the reports).Maintain up-to-date knowledge of technological and operational developments in the oil and petrochemical sector.Provide technical input to the claims department and make recommendations in the appointment of loss adjusters and other specialists in managing the claims process.SUPERVISORY RESPONSIBILITIES Establish survey programme with underwriters and clients.Develop relationships with key clients and brokers.Develop training packages for Underwriters.Engage in continuous professional development to stay informed on technological developments (through talks, selected seminars, and conferences).Expand the profile of Chubb Global Energy by delivering presentations at industry conferences and seminars.CONTACTS Develop rapport with important Chubb customers to assist them in the development and implementation of loss prevention and control programmes.Join various insurance industry forums for knowledge acquisition.QualificationsKnowledge: The engineer must have knowledge of conventional downstream oil, gas, and petrochemical risks and stay updated with technological advances in the industry.Experience: Strong experience & expertise in the oil and gas industry.
Experience in the insurance industry is preferred but not essential.Professional Qualifications: Chartered status (C.Eng.)
from a recognized engineering institution is preferred (e.g., MIChemE, MIMechE).Academic Record: Engineering degree preferred.
BSc in Chemical Engineering or an appropriate equivalent such as BSc in Mechanical Engineering.Other: Good interpersonal skills are important to build relationships with Chubb's clients and brokers.Travel Requirements: The appointed engineer will be expected to travel globally to survey risks underwritten by Chubb Global Energy.
Expected time away on surveys will be up to 60 days per annum (to be agreed), with occasional surveys lasting up to 2 weeks, although most will be around 5 days in duration.What we offer in return! Pension and annual bonus scheme, 25 days annual leave plus the ability to purchase 5 additional days, Private Medical cover, Employee Share Purchase Plan, Life Assurance, Subsidised gym membership, Comprehensive Learning & development offerings, Employee Assistance program.
Integrity.
Client focus.
Respect.
Excellence.
Teamwork.
Our core values dictate how we live and work.
We're an ethical and honest company committed to our clients, engaged in mutual trust and respect for our employees and partners, and fostering a collaborative and supportive working environment.
Diversity & Inclusion: At Chubb, we consider our people our chief competitive advantage and treat colleagues, candidates, clients, and business partners with equality, fairness, and respect, regardless of age, disability, race, religion or belief, gender, sexual orientation, marital status, or family circumstances.
We are committed to ensuring our recruitment process is inclusive and accessible to all.
If you have a disability or long-term condition (for example, dyslexia, anxiety, autism, a mobility condition, or hearing loss) and need us to make any reasonable adjustments during the recruitment process, please let us know in your application or in any future discussions with our recruiters.
Chubb is a world leader in insurance, operating in 54 countries, providing commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients.
The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise, and local operations globally.
Job InfoJob Identification: 15043Job Schedule: Full timeRegular or Temporary: RegularJob Category: Field Consulting - CommercialBusiness Unit: United KingdomLegal Employer: Chubb European Group SE UK Branch
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