Job Summary

Under the general guidance and supervision of the Insurance Director, the position is responsible for managing insurance-related plans and processes, claims and coordination related matters of the Company. The position is also responsible for the tendering of all procurement of insurances for new risk as well as insurance policy renewals, settlement and analysis of claims, assistance on insurance procedures and all process requests to issue policies, certificates and endorsements.

Job Responsibilities 1

Primarily responsible for the handling of all insurances such as but not limited to Motor Insurance, Workmen’s Compensation Insurance, Group Life Insurance, Group Medical Insurance, Fidelity Insurance, and Money Insurance.

Assisting with Property Insurance, Engineering Insurance, Liability Insurance, Marine and all other policies.

Assistance in tendering for procurement of all Insurance Policies both for new risks and/or renewals.

Assists the department head in obtaining initial and all needed documents on projects and as required for procurement of various insurances.

Review, analyzation, and comparison of the received quotations to prpose the most suitable.

Conducts Technical negotiation with shortlisted insurer to determine best course of action.

Providing Technical Recommendation to Procurement team and/or concerned Business Unit(s)

Assistance to Insurance Director on arranging (re)insurance support on major risk.

Analysis of Claims and policy cross checks to avoid frauds that may have financial impacts.

Claim registration as well as management of all processing of permitted insurance claims.

Assistance to all departments as needed with evidence of insurance, claims and financial forecasting.

Processing of requests for insurance certificates and endorsements.

Recording and updating of Claim Dashboard, record filing and proper documentations.

Skills

Job Knowledge & Skills

Solid foundation knowledge of insurance claims processing, insurance procurement and local markets

Knowledge of local insurance markets as well as understanding of the geopolitical developments within the region an advantage

ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Minimum of 7 year(s) On the Job    

At least 1 year GCC experience is preferred

Competencies

Collaboration

Accountability

Resilience

Quality

Leadership

Insurance Standards/Proc/Law/Regulations L2

Insurance Coverage L2

Risk Assessment L2

Claims Evaluation, Interpretation and Investigations L2

Claims Reporting L2

Education

Bachelor's Degree in Business Administration or Sales and Marketing