Role Title: Principal Risk Engineer – Energy UK / MENA

Department: Underwriting

Division: Underwriting Product Risk & Insight

Location: London

Type: Permanent

About the Role:

We are looking for a Principal Risk Engineer to join our risk engineering team in London, managing a growing global client portfolio in the energy sector and providing technical support for UK & MENA Underwriters and Claims teams. You will also collaborate with our global team of more than 30 risk engineers across diverse geographies.

We are looking for a candidate who is flexible and adaptable to support the various lines of business and regions as the business grows.

About the Department & Team:

The Energy UK & MENA team underwrite risks across three lines of operational business within the upstream, downstream, power and renewables energy sectors. This scope covers oil, gas, petrochemical and chemical risks for both operational plant and construction projects.

This includes traditional and emerging risks, including those associated with decarbonisation and the energy transition such as construction projects for renewables. The team offers a leading energy underwriting portfolio across these sectors, providing tailored capacity and risk solutions for complex regional and global occupancies. The team leverages deep technical expertise, disciplined risk selection and a collaborative, client focused approach to support brokers and insureds with responsive service and long-term partnerships.

Key Responsibilities:

Contribute to the development and review of global risk engineering strategy and risk engineering guidelines, processes and tools across a broad portfolio of assets, technologies and geographies.
Partner with one or more lines of business, including attending meetings with underwriting management and providing your views. Candidates will be expected to be flexible and able to contribute positively to one or more lines of business.
Working independently, plan, organise and perform desk-based risk appraisals for assigned line(s) of business to provide risk analysis information to underwriters and conduct on-site risk engineering surveys for existing and prospective clients as required by the business; produce and share both summary and detailed risk survey reports.
Follow up on key recommendations and ensure risk engineering information on file is up to date.
Provide technical input on claims, including reviewing reports and site visits to identify areas for claims mitigation and recommendations for improvement.
Support with business development and marketing of the products within the line of business where possible.
Maintain strong working relationships with managers and leaders within Underwriting, Claims and other functions.
Maintain a strong understanding of external market developments and trends and make recommendations for how these could be factored into policies and processes.
Development of thought leadership publications to support clients in their understanding and delivery of improvement in asset risk profiles.
Development of learning from industry losses presentations and delivery to UK & MENA Underwriting and Claims teams as appropriate.
Mentor, technically train and informally supervise the work of more junior colleagues, act as a point of escalation.
Adherence to all relevant regulatory requirements forms part of your role and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to Liberty Specialty Markets (LSM's) commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements and to always proactively demonstrate compliance with these requirements and behaviours. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing

Skills and Experience:

Bachelor of Science degree in a technical discipline, such as Chemical, Process, Electrical, Mechanical Engineering or equivalent.
Chartered member of professional institution.
Extensive experience in one or preferably more than one of the following industry sectors: (1) Upstream (Gas/Oil, Onshore/Offshore including operational and construction risks); (2) Downstream (Gas Processing/LNG, Refining, Petrochemicals and Chemicals); (3) Energy Transition and Decarbonisation including hydrogen, CCUS, biofuels, energy storage;
Candidates should have a background in at least one of the following areas in a managerial, technical or consultancy role; Operations, Maintenance, Process Engineering, Loss Prevention, Construction, Risk and Integrity Management, Project Management, Construction and Commissioning
Experience within the insurance sector in related lines of business.
Demonstrated strong communication skills in order to develop and maintain relationships with Underwriters, Risk Engineers, Claims teams and other staff and clients.
Demonstrated ability to understand and communicate important technically related information within the Risk Engineering, Underwriting and Claims groups.
Demonstrated ability in advanced level research, evaluation and analysis.
Strong marketing skills to participate in new/renewal business development. Demonstrated ability to effectively use required software applications, such as Microsoft Office Suite.
A strong data analytics background is beneficial to support ongoing development of our engineering tools and databases.

About Liberty Specialty Markets (LSM):

LSM is part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

Offering a vibrant and inclusive environment and committing to their career development.
Promoting diversity, equity and inclusion (DEI). Our Inclusion Matters framework and employee-led networks strengthen the diversity of our workforce and our inclusive environment.
Reinforcing collaborating together to share our unique perspectives helps us make better decisions, deliver innovative solutions and pursue our ambitious goals.
A supportive culture, which includes promoting a healthy work-life balance and working flexibly.

For more information, please follow the link below:

https://www.libertyspecialtymarkets.com/gb-en/careers/working-for-us

https://www.libertyspecialtymarkets.com/gb-en/careers/diversity-equity-and-inclusion

Energy UK & MENA jobs

Principal Risk Engineer – Energy