Senior Risk Engineer - Power Generation

SCOR UK Company Limited; City of London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A leading global reinsurer is seeking a Senior Risk Engineer in London to assess and advise on complex risks across power generation and machinery breakdown. You will support underwriting teams, provide training, and conduct risk assessments. The ideal candidate holds a degree in Electrical or Mechanical Engineering and has extensive experience in the power generation industry. This full-time position offers a salary between £45,000 and £60,000 annually, with opportunities for global travel.

Qualifications

• Extensive industry experience as a Power Engineer with power-generation companies.
• International expertise in insurance/broking Power Generation Risk Engineering roles, including machinery breakdown.
• Fluent English (business language internally and with clients). Other languages are a plus.

Responsibilities

• Provides risk engineering support to the SCOR SBS Power Generation Underwriting Team.
• Advises the underwriting team about client risks, risk quality, and loss estimates.
• Provides external and internal power generation clients with risk-related training and seminars.
• Assists the SCOR Claims Team (Power Generation).
• Contributes to the SCOR Risk Control Practices know-how evolution with technical guidelines.

Skills

Engineering

Power

Energy

Risk

Education

Bachelor’s or Master’s degree in Electrical or Mechanical Engineering

Job description

Senior Risk Engineer

Power up your career with SCOR! As a Senior Risk Engineer, you'll be the go‑to expert for assessing and advising on complex risks across power generation, utilities, and machinery breakdown. From site surveys and desktop reviews to client training and claims support, you'll drive smarter underwriting decisions and shape the future of risk control. This position is based in London but will involve extensive global travel.

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry‑recognized expertise and cutting‑edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Key Responsibilities

• Provides risk engineering support to the SCOR SBS Power Generation Underwriting Team; may also support other SCOR underwriting lines where Power Generation, Utilities, and Machinery Breakdown perils are prevalent.
• Advises the underwriting team about client risks, risk quality and loss estimates through site surveys/desktop reviews of operational power generation risks, EAR risks, and project endorsements to operational policies.
• Provides external and internal power generation clients with risk‑related training and seminars.
• Assists the SCOR Claims Team (Power Generation).
• Contributes to the SCOR Risk Control Practices know‑how evolution with technical guidelines, methodologies, tool development, and technology watch.
• Supports SCOR P&C Specialty Insurance Underwriting and Reinsurance Treaty teams dealing with operational Power Generation and Utilities; also covers Carbon‑aided and Renewable (CAR/EAR) accounts.
• Leads/attends insurance surveys and visits, producing internal/market engineering survey reports for SCOR insureds and prospects based on SCOR methodologies and templates.
• Performs risk assessments, quality rating, replacement valuation assessments (using SCOR software), and loss estimates in accordance with SCOR methodologies and templates.
• Peer reviews survey reports released by consultants and broker risk engineers.
• Reviews and advises underwriting teams on CAR/EAR power risks and provides technical advice on project endorsements to operational policies.
• Develops, reviews, and enhances PowerGen risk engineering guidelines, methodologies, risk rating, report templates, and loss estimate methodologies.
• Maintains the SCOR Power (turbines) technical database, engaging with market experts and OEMs.
• Provides technical assistance to the SCOR claims department, reviewing loss adjuster reports, identifying loss causes, and facilitating internal lessons‑learned from loss papers/slides.
• Supports SCOR clients or insurance companies in establishing risk‑management programs and introducing risk‑control programs.
• Develops risk‑control training modules and leads seminars for SCOR UWs and clients.
• Assists the RCP Leader in managing SCOR PowerGen consultants/contractors and in survey planning and resource allocation.
• Builds internal and external networking, actively participating in the London market network of Risk Engineers, Underwriters, and industry experts, including partnerships with specialized companies and freelance consultants.

Qualifications

• Bachelor’s or Master’s degree in Electrical or Mechanical Engineering.
• Extensive industry experience as a Power Engineer with power‑generation companies.
• International expertise in insurance/broking Power Generation Risk Engineering roles, including machinery breakdown.
• Fluent English (business language internally and with clients). Other languages are a plus.

Desired Skills and Experience

Engineering, Power, energy, Risk

Seniority Level

Mid‑Senior level

Employment Type

Full‑time

Job Function

Analyst, Consulting, and Engineering

Industry

Insurance

Location: London, United Kingdom

Salary: £45,000 - £60,000 (annual)

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.