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Greater London, England, United Kingdom
Hybrid
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work.
All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.
The AXIS Renewable Energy Engineering team, as part of AXIS Global Energy, require a highly motivated Engineering Intern to support a project which aims to identify trends in damages and failures within onshore wind farms, solar PV and battery storage (BESS) assets. The role involves reviewing project information and root cause analyses from legacy insurance claims paid by AXIS and compiling key information in a database to assist our underwriting decisions, and the insights we can provide to industry.
This is a unique opportunity to learn about the core workings and failure modes of grid scale renewable technology in multiple countries and landscapes, to capture lessons learned for AXIS, a lead insurer of renewable energy globally.
The output of the project will directly impact business insights and decision making of AXIS Global Energy. The trends and individual claim summaries will be used by the engineering team directly to support AXIS underwriters when evaluating future renewable energy projects they have been asked to provide terms and pricing for. By identifying patterns in the root causes of claims, we can take a more informed underwriting approach and ask additional questions to avoid a repeat situation in future.
The high-level outputs of the project shall also be used for AXIS thought leadership pieces. The broader aim of the project is to inform and drive best practice into the manufacturing, development, construction and operations of renewable energy projects globally by learning the lessons of the past for all stakeholders.
Your primary role will involve reading final loss adjuster reports submitted for each claim and extracting key technical and financial information. These are stored in a central Excel database which can be accessed by AXIS Global Energy. The reports may contain detailed root cause analyses and expert investigations on the loss event, as well as the expected costs relating to both the physical damage and any business interruption associated with it.
You will use your engineering knowledge and judgement to determine the types and causes of loss from a technical standpoint and carefully add the pertinent information into our database with a well-rounded summary. The claims you will need to process will be from wind farms, solar PV, battery energy storage, large scale hydro and power to X systems such as green hydrogen. As part of this, regular quality control exercises on existing entries in the database may be required.
You will also support the beta testing of an AI tool to support lifting key information from reports and may be involved in the development of this tool, depending on your experience, and may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
We encourage you to bring your own experience and expertise to the table, so while there are some minimum qualifications and experiences required, we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
You must have completed third year of a BEng (Hons) or MEng (Hons) in Mechanical Engineering, Electrical Engineering or Renewable Energy / Power Engineering. Current students in their fourth year / MSc are welcome to apply.
In addition, you will be offered competitive target incentive compensation, with awards based on overall corporate and individual performance. On top of this, you will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
This posting is for an existing vacancy.