This Job is Old and Position Might be Filled Claims Management Specialist Saudi Aramco Posted on January 15, 2018 10 - 15 years Saudi Arabia - Saudi Arabia Any Nationality Send Me Jobs Like This SEND Alert Set Successfully Opening 01 Job Description EMAIL JOB SEND Email sent successfully. SHARE JOB Position Description:We are seeking a Claims Management Specialist to join Treasury s Insurance Management and Advisory Division (IMAD) in the Financial Management Department.IMAD is a part of the Financial Risk Management business line in Saudi Aramco and reports to the Treasury organization. Its function is to provide support to proponents across the Company through the identification, quantification, and mitigation of casualty risks and to reduce the cost of insured and uninsured loss to the Company, its subsidiaries, and affiliates. It is responsible for managing the corporate insurance program and determining the reinsurance arrangements for the Company s captive insurance subsidiary. In addition, the division supports proponents and joint ventures in relation to technical insurance advice and the level of risk assumed by contracts.The selected candidate will focus on complex claims management and contract review work, which have been growing areas of activity for the division. In particular, this position will focus on the management of complex claims requiring the review of incident reports, contracts, and sub-contracts to protect the Company s position or to achieve optimum recovery. The individual will expand skillsets within the existing advisory team, and will be able to assess and quantify the potential risks and liabilities assumed by agreement. Company Industry Oil & Gas / Petroleum Department/Functional Area Finance / Treasury Desired Candidate Profile Minimum Requirements:A successful candidate will have at least 15 years of relevant experience, including a comprehensive understanding of insurance/reinsurance and related markets. The successful applicant is likely to have spent extensive time (10 years) in a claims management or legal advisory environment for a major international insurance company, broker, independent consultancy, or loss adjusting firm.You will have a bachelor s degree (preferably in law or a similar field) along with an ACII or ACILA professional designation. English language fluency is essential, and knowledge of Arabic is an advantage.Duties & Responsibilities:The selected candidate will be responsible for the following:Assisting in the development of strategy to mitigate or transfer risk.Assisting with negotiation, implementation, and administration of insurance and reinsurance placement structures.Reviewing, analyzing, and commenting upon the suitability of proposed risk distribution, insurance, warranty, and environmental clauses relative to the nature of the contract activities and the parties involved.Remaining up to date with the Company s standard contracts, and periodically working with other departments to revise and improve the content.Leading, coordinating, and administering claims, including loss assessment and negotiations with proponents and third parties.Representing the department/division as part of incident investigation committees.Negotiating and finalizing claims settlements, and pursuing recovery from third parties.Managing and coordinating the activities of the broker, insurer, loss adjuster, risk engineers, and other service provider activities in relation to losses and claims.Reviewing and advising on appropriate changes to insurance policy wording coverage.Quickly establishing credibility in the position and effectively interacting with all levels of management, including senior leadership. Keywords Liabilities Claims Service Reinsurance Captive Financial risk management Incident investigation corporate insurance Financial management English language REPORT THIS JOB Disclaimer: Naukrigulf.com is only a platform to bring jobseekers & employers together. Applicants are advised to research the bonafides of the prospective employer independently. We do NOT endorse any requests for money payments and strictly advice against sharing personal or bank related information.We also recommend you visit Security Advice for more information. If you suspect any fraud or malpractice, email us at firstname.lastname@example.org People also searched for Claims Specialist Jobs Service Engineer Jobs Medical Coder Jobs Banking Jobs Treasury Jobs Finance Jobs Legal Jobs Additional Information Required Employer has requested some additional information along with your application for this job Cancel Login to Naukrigulf Continue using GOOGLE FACEBOOK All your activity will remain private or Forgot Password?