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.

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 and claims activities.  Working together with and in support of the global insurance team, you will help ensure that insurance requirements are met, risks are appropriately managed, and insurance-related support is provided for business activities and projects. In doing so, you will have the opportunity to interact with and develop strong relationships with internal businesses, functions and external service providers. You will report functionally to the Insurance Manager in London and locally to the Head of Treasury Operations.

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.

Working together with and in support of the global insurance team, 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 to support operational and risk management needs.

• Coordinate the purchase and renewal of insurance policies.

• Support the US workers compensation programme including claims management and TPA (third party administrators) oversight.

• Build and maintain relationships with insurance brokers, insurers, and other external service providers to ensure effective delivery of insurance services.

• Provide ongoing support of insurance programmes for various 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 :

• Professional insurance qualification such as Associate in Risk Management designation (ARM), Associate of the Chartered Insurance Institute (ACII) or equivalent

• Negotiating skills for example in contract dispute or price negotiations.

• Procurement and tendering for example in the sourcing, tendering and selection of key suppliers

• Partner leadership skills example managing key internal or external relationships

• Financial skills for example including analysing and interpreting data sets and proficiency in excel, Power BI and/or 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

• Willingness to learn and utilise digital, AI and automation tools.

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 Program, Company Recognition Program

• Possibility to join our social communities and networks

• Chill-out and collaboration spaces in our beautiful Budapest Agora and Szeged offices e.g.: Play Zones, Office massage, Sport and music equipment

bp Hungary won the Most Attractive Employer 2024 Award (SSC / BSC sector) fourth time in a row at PwC's annual employer research. Come and join us!

At bp, we support our people to learn and grow in a diverse and ambitious environment. We believe that our team is strengthened by diversity. We are committed to fostering an inclusive environment in which everyone is respected and treated fairly. There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life.

Disclaimer: Please note that, according to Hungarian law (2012/I. 113. §), mothers or single parents caring for a child under three years of age cannot be employed in night shift positions.

Travel Requirement

No travel is expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working

Skills:

Analytical Thinking, Analytical Thinking, Asset and project finance, Banking Relationships, Banking solutions, Cash, Claims Management, Collaboration, Commercial Acumen, Communication, Corporate Finance, Corporate structure and group funding architecture, Credit rating management, Curiosity, debt and liquidity forecasting, Debt Capital Markets, Decision Making, Defined benefit pension schemes fund management, Defined contribution pension schemes investment strategy, Digital Automation, Digital cybersecurity, Digital Fluency, Equity Capital Markets, Ethical judgement, Financial framework management {+ 15 more}

Legal Disclaimer:

We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.