Vice President – Insurance
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Job Purpose
• Efficient operation of the insurance function to promptly and professionally support stakeholders within ALDAR group inline with the planned growth.• The position requires independently assessing the risk, devise and implement risk transfer strategies through contracts and insurance solutions as per delegation.
Roles and Responsibilities
• Assist in devising insurances renewal strategies for optimization and implement as advised.
• Liaise internally and externally for the insurances program cycle; strategy, data collection, collation, issuance, seeking terms, finalization and documentation.
• Manage claims cycle in terms of recording, advice, follow up and closure.
• Advice on budgets and manage premium payment.
• Conduct Risk assessment and independently set indemnity limits in contracts as per Aldar’s internal guidelines.
• Independently Review, Negotiate and draft Indemnity Causes in contracts throughout its cycle.
• Advice during end-end contract cycle; tendering to closure towards advice, negotiation, resolution of issues and conformance of contractual obligations.
• Advice businesses on insurance queries across functions and closure thereof.
• Liaise and manage internal and external stakeholders including internal entities, brokers, insurers, loss adjuster and surveyors.
Years of Experience / Qualifications / Skills
- Min of 10+ years of insurance experience, with 3+ years with a broker, insurance company, a real estate or sizeable company preferably in the MENA region.- Min of 4+ years of managerial experience.- Major general insurance lines experience especially property and liability.- Bachelor’s degree in finance, accounting, business, law or equivalent.- Professional insurance certification (ACII or CPCU or equivalent).- Comprehensive understanding of risk assessment and quantification.- Hands on experience of managing different general lines of insurance.- Adequate knowledge of contract law and indemnity provisions.- Strong independent working and prudent decision-making skills.- Strong ability to lead, negotiate, resolve and close issues.
Requirements
- •Min of 10+ years of insurance experience
- •Min of 3+ years with a broker, insurance company, or real estate/large company
- •Min of 4+ years of managerial experience
- •Major general insurance lines experience especially property and liability
- •Bachelor’s degree in finance, accounting, business, law or equivalent
- •Professional insurance certification (ACII or CPCU or equivalent)
- •Comprehensive understanding of risk assessment and quantification
- •Hands on experience of managing different general lines of insurance
Nice to Have
- •Implement renewal strategies as advised
- •Seek terms, finalize, and document insurance programs
- •Manage claims cycle in terms of recording, advice, follow up and closure
- •Advice during end-end contract cycle
- •Adequate knowledge of contract law and indemnity provisions
- •Strong independent working and prudent decision-making skills
- •Strong ability to lead, negotiate, resolve and close issues
Responsibilities
- •Devise insurance renewal strategies for optimization
- •Liaise internally and externally for the insurances program cycle
- •Manage claims cycle
- •Advice on budgets and manage premium payment
- •Conduct Risk assessment and independently set indemnity limits in contracts
- •Independently Review, Negotiate and draft Indemnity Clauses in contracts
- •Advice businesses on insurance queries across functions
- •Liaise and manage internal and external stakeholders
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