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Senior Risk Engineer, Renewable Energy

Location Madrid, Spain Job type Full-Time Work mode Hybrid Job level Professional Job ID 12290 Company Munich Re Specialty - Global Markets Employment type Regular Area of expertise Claims & Underwriting
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About us

At Munich Re Specialty – Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products and industry leaders working in a supportive environment to achieve this.  

At the heart of our success is a strong culture where people are encouraged to be present, bold and curious, allowing them to achieve their individual goals.  

Please see our website for more information.

Senior Risk Engineer – Renewable Energy

Munich Re Specialty was formed as a stand-alone division in 2023, and brings together the wider Munich Re group’s primary specialty business units. Complementing an already strong presence in the UK and the US, Munich Re Specialty – Global Markets (MRSGM) has been tasked with executing a wider plan to build a broader European footprint. This work will start in Spain, expanding on Munich Re Specialty’s existing business in the UK, Ireland and Germany.

In order to successfully establish a profitably grow our Renewable Energy business in the Spanish market, we are looking for a Senior Renewable Energy Risk Engineer to join our team.

We are searching for an exceptional individual with a proven track-record of Loss Control Engineering and with sound knowledge in the assessment of renewable energy risks, including machinery breakdown and the corresponding O&M procedures.

An entrepreneurial spirit is a must, with a high degree of comfort in building a business presence. 

Responsibilities:

  • Advise and support underwriters in the technical assessment of insurance risks.
  • To provide rapid feedback on Risk issues to Underwriters allowing quick decisions to be made.
  • Independent planning and execution of customer visits worldwide to analyze inherent risks, machinery breakdown, power O&M procedures and protective measures as well as documentation of relevant aspects in survey reports (on-site surveys).
  • Evaluation of external survey reports and technical documentation based on Munich Re standards (desktop reviews).
  • Follow-up of the risk-related development of important clients (Account Engineering).
  • Training and advising external and internal clients and providing them with technical support on a wide range of industrial topics.
  • Internal communication on risk engineering topics, e.g. seminars, workshops, papers.
  • Conduct and develop effective relationships with insureds and brokers.
  • Collaboration in internal working groups and projects, participation in the development and revision of MR-internal risk engineering standards and tools.
  • Independent continuous self-learning regarding trends and developments in the relevant industries to support Munich Re in forming opinions on emerging technical issues with an impact on insurance business (e.g. IoT, new battery technologies, AI, etc.).

Knowledge and Skills

  • Loss Control Engineering experience
  • Successfully completed engineering degree, preferably with a focus on mechanical or chemical engineering, fire protection or loss prevention.
  • Several years of experience in renewable energy loss prevention.
  • A good appreciation of green technology topics and understand the challenges facing this market from a loss control perspective (LPS / hail testing / thermal runaways, etc.)
  • In-depth expertise in one or more of the following areas: Insurance, claims handling, risk assessment, machinery breakdown, power O&M procedures, pricing, protective measures and protection concepts.
  • A diplomatic approach with the ability to handle conflict situations coupled with a common sense approach to the business by providing sound technical advice and solutions.
  • The aptitude to investigate and assess technical risks.
  • Strong organisational and time management skills and a flexible approach for dealing with changes in working methods and techniques.
  • Strong ability to analyze and evaluate technical processes and their economic backgrounds.
  • Talent for developing holistic approaches and abstract reasoning, including the ability to communicate complex content in an easily understandable way to internal and external non-specialist audiences.
  • Strong service orientation, high level of social competence and ability to work in a team, efficient task prioritization and self-organization.
  • Interest in travelling locally and internationally.
  • Fluency in both Spanish and English.
  • University degree and/or relevant professional qualification

If you are excited about this role but your experience does not align perfectly with everything outlined, or you don’t meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!

Diversity, Equity & Inclusion

At Munich Re, Diversity, Equity, and Inclusion foster innovation and resilience and enable us to act braver and better. Embracing the power of DEI is at the core of who we are. We recognise diversity can be multi-dimensional, intersectional, and complex, so we want to build a diverse workforce that includes a wide range of racial, ethnic, sexual, and gender identities; economic and geographic backgrounds; physical abilities; ages; life, school, and career experiences; and political, religious, and personal beliefs. Additionally, we are committed to building an equitable and inclusive work environment where this diversity is celebrated, valued, and has equitable opportunities to succeed.

All candidates in consideration for any role can request a reasonable adjustment at any point in our recruitment process. You can request an adjustment by speaking to your Talent Acquisition contact.

Learning and innovating today, striving for sustainable societies and business tomorrow

At Munich Re Specialty – Global Markets our approach to ESG is underpinned by our desire to seize business opportunities and to nurture a stimulating and inclusive work environment. Our ESG strategy aims to deliver holistic impacts across environmental, social and governance topics including supporting a number of local initiatives within our community and offering volunteering opportunities for colleagues.

Learn more about sustainability at Munich Re – choose your impact!

#BePresent #BeBold #BeCurious

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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