Insurance Specialist

ADES Holding Company

Insurance Program Administration:

• Executes the implementation and ongoing maintenance of global insurance and risk management guidelines that reflect the organization's drilling and operational profile.
• Assists in the placement, renewal, and record-keeping of corporate insurance policies across multiple business lines, including offshore/onshore operations and logistics.
• Reviews and process insurance certificates, ensuring contractual compliance and internal approval workflows are met.
• Maintains accurate and updated records of premiums, deductibles, policy terms, and renewal schedules for audit and reporting purposes.

Policy Review and Advisory Support:

• Analyses insurance policy terms, limits, and exclusions to validate alignment with project-specific and corporate requirements.
• Supports the evaluation of insurance and liability clauses in commercial contracts (e.g., EPC, drilling, construction) to ensure adequate protection is in place.
• Assists operational teams by identifying potential coverage gaps and documenting mitigation recommendations for review by senior stakeholders.

Claims and Risk Documentation:

• Supports the end-to-end insurance claims process, including document collation, communication with insurers and brokers, and monitoring settlement timelines.
• Coordinates with internal stakeholders to ensure prompt and accurate incident reporting to insurers and maintain visibility on ongoing claims status.
• Maintains a central repository of claims, correspondence, and settlement documentation in accordance with company policies.

Operational Support Across Projects Phases:

• Ensures insurance documentation is in place for each project stage-acquisition, pre-drilling, mobilization, drilling, completion, and production-by coordinating with finance and project teams.
• Liaise with external brokers and insurers to ensure timely issuance and confirmation of binders, policies and endorsements.

Portfolio Monitoring & Optimization:

• Monitors key milestones within the insurance portfolio to ensure renewals, endorsements and premium payments are executed on time.
• Supports cost-efficiency assessments by tracking trends in premium fluctuations and insurance market conditions in collaboration with brokers.
• Assists in periodic portfolio reviews and benchmarking to enhance policy structure, coverage and cost-effectiveness.