Job Description

Roles & Responsibilities

Job Location

Saudi Arabia

Experience

15 to 20 years

Qualification Level

Graduate; Post Graduate

Job Function

Insurance / Claims

Skillset

Corporate risk and insurance expertise

Preferred Jobseekers

Jobseekers from any country

Key Responsibilities
As the successful candidate you will be required to perform the following:

Apply working knowledge of captive insurance companies.
Develop strategy to mitigate or transfer risk.
Analyze, critique and draft risk allocation, indemnity, insurance and other related contract provisions.
Negotiate, implement and administer insurance and reinsurance placement structures (including optimal use of captive or alternative finance and transfer mechanisms).
Develop and advise on the implementation of risk and insurance policy and procedures.
Manage and coordinate broker, insurer, consultant and other service provider activities (including risk engineering and asset appraisals); Negotiate claims and pursue recovery from third parties.
Mentor and develop staff.
Represent the interests of the Division at internal and external meetings and assignments.

Minimum requirements
As a successful candidate you will hold the following:

Bachelors or Masters degree, preferably in insurance or risk management from a recognized and approved program. A professional certification such as ACII, CMIRM, SIRM, or CPCU is preferred.
15 years experience in the oil & gas, petrochemical industry or a major corporate organization.
Have relevant corporate risk and insurance expertise obtained from industry, international broking, risk management or insurance company background and ideally with experience of the energy and petrochemical industry sector.

Insurance Risk Specialist
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