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Marine Insurance Coordinator

2 months ago

London, Greater London, United Kingdom MISC Berhad Full time

Purpose of the Role

This position is responsible for managing all facets of insurance arrangements, in collaboration with the Head of Insurance & Claims. Responsibilities include overseeing renewals for both marine and non-marine insurance lines, adjusting for fleet modifications, evaluating current coverage limits, and communicating value adjustments to brokers after consultation with the Finance department. Supervise the processing of all insurance-related invoices, ensuring that all documentation and spreadsheets are accurate and current. Provide quotes for AWRP and K&R upon request from vessel operators, prepare monthly reports for brokers, and distribute premium invoices in line with the AWRP Process. Collaborate with the broader organization, including the MISC insurance division.

Key Responsibilities

Assist the Head of Insurance & Claims with the insurance renewal process, including gathering data for insured entities, regions, and departments. Support negotiations and the finalization of premiums. Engage with brokers regarding marine and non-marine insurance coverage. Scrutinize all insurance invoices and verify against approved costs prior to processing for timely payments. Enter data for all marine and non-marine insurance policies, premiums, and certificates into the relevant insurance records. Update the insurance department's budget with premium information, vessel phasing details, and projected annual increases. Consult internally on new vessel constructions, ensuring adequate insurance coverage is established, and manage the process to confirm that all necessary documentation (P&I COE, COI, Blue Cards, COFRs, and ITOPF) is obtained and distributed promptly. Collaborate with MISC on AET P&I and FD&D renewals, ensuring completion ahead of deadlines and that all relevant documentation is available on each vessel and accessible across the organization. Participate in and facilitate meetings with external stakeholders, including brokers and insurers, on behalf of AET, enhancing the company's reputation and visibility in the insurance sector. Assist with any additional tasks or projects as directed by the Head of Insurance & Claims. Adhere to the company's policies and Code of Conduct and Business Ethics (CoBE).

Qualifications

Education: Degree in a relevant field (Shipping/Maritime, Risk & Insurance, Law, ACII, etc.) Professional Certification: Not applicable Experience: 0-3 years of experience, ideally in a marine claims or insurance setting (P&I Club, Shipowner, Marine Insurance Company, or Lloyd's Syndicate) Specialized Knowledge: Commercial awareness, proficiency in MS Office applications, particularly Excel. Strong organizational and interpersonal skills, with the ability to manage multiple tasks and work independently. Skills and Abilities: Excellent business writing and communication skills, capability to meet tight deadlines and perform under pressure. Strong attention to detail.

Applicants must possess the right to work in the UK.