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.