Insurance Operations Lead

About the role

bp's global Insurance team supports the business in managing risk through effective insurance programmes. The team works across bp's operations worldwide and partners closely with colleagues in Risk, Finance, Legal, and other business functions. To support the global Insurance team, bp is establishing an Insurance Operations team in Budapest. This team will work closely with colleagues in London and Houston and play a meaningful role in the day-to-day delivery of insurance activities across the business. As the Insurance Operations Lead, you will lead a team of two and be responsible for coordinating insurance operations, supporting insurance programmes, claims activities, and interactions with external insurance partners. You will report functionally to the Insurance Manager in London and locally to the Head of Treasury Operations. You will work with partners across bp to help ensure that insurance requirements are met, risks are appropriately managed, and insurance-related support is provided for business activities and projects. You will also build strong relationships with insurance brokers, insurers, and other external service providers. This role offers exposure to a wide range of bp's global operations and provides the opportunity to work with colleagues and partners across multiple regions and business areas. In this role You will Help manage bp's global insurance programmes and support business teams in meeting the company's insurance requirements. Work closely with colleagues across bp to understand business risks and ensure insurance arrangements support operational and risk management needs. Coordinate the purchase and renewal of insurance policies, working with the wider Insurance team and external partners. Support the US workers' compensation programme, including supervising claims and coordinating with third-party administrators (TPAs). Build and maintain relationships with insurance brokers, insurers, and other external service providers to ensure effective delivery of insurance services. Provide insurance support for business activities such as tenders, new projects, contract reviews, and claims, helping teams identify and address insurance-related requirements. What You will need to be successful BSc or BA Degree or equivalent. Experience as risk manager, broker, insurer, loss adjuster or other role in the insurance industry and/or some of the following : Negotiating skills for example in contract dispute or price negotiations. Procurement and tendering for example in the sourcing and tendering of a key supplier including RFI and RFP creation and supplier selection. Partner leadership skills for example managing a key internal or external relationship Financial skills for example including analysing and interpreting data sets and proficiency in excel, Power BI and other finance tools Effective verbal communication, written and presentation skills with internal participants, partners and suppliers Ability to work independently and as part of a team Ability to prioritise and multi-task Strong risk and HSE bias At bp, we provide the following environment & benefits to you Different bonus opportunities based on performance, wide range of cafeteria elements Life & health insurance, medical care package Hybrid working arrangement aligned with team arrangements and business needs Opportunity to build up long term career path and develop your skills with wide range of learning options Celebrate in bp's success. You may be eligible to join bp's Global ShareMatch plan. This non-contractual benefit lets employees buy bp shares and receive matching shares, in line with plan rules Family friendly workplace e.g.: Extended parental leave, Mother-baby room Employees' wellbeing programs e.g.: Employee Assistance

Benefits

Additional Information

Entity: Finance Job Family Group: Finance Group Job Description: Our purpose is to deliver energy to the world, today and tomorrow. For over 100 years, bp has focused on discovering, developing, and producing oil and gas in the nations where we operate. We are one of the few companies globally that can provide governments and customers with an integrated energy offering. Delivering our strategy sustainably is fundamental to achieving our ambition to be a net zero company by 2050 or sooner. It's an exciting time to join bp. Meeting the energy challenge requires many different approaches and solutions. And as part of Finance Business & Technology (FBT), you'll be fully connected into the world of bp. You'll play an increasingly important part within a network of like-minded colleagues partnering on strategic projects that stretch across the globe. And it starts with you. There's a world of opportunities to build new skills, challenge yourself and grow a long-term career at bp. And no matter where you work, your role will have meaning, purpose and impact. So, if you want to be part of a caring, supportive environment where you can realize your full potential, we're with you.

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