We are seeking a highly skilled Insurance Specialist to support and manage corporate and project-related insurance activities across multiple business units. The successful candidate will play a key role in insurance procurement, claims management, policy administration, risk assessment, and project insurance requirements while ensuring compliance with company standards and industry best practices.
Key Responsibilities
- Support daily insurance operations across all business units in line with established policies and procedures.
- Conduct risk assessments and recommend appropriate insurance coverage for company assets, projects, and operational activities.
- Manage annual insurance renewals, policy amendments, additions, deletions, and policy administration activities.
- Coordinate insurance claims reporting and facilitate claim settlements with insurers, brokers, and loss adjusters.
- Prepare and maintain loss records, loss-ratio reports, and insurance performance analysis.
- Monitor underwriting requirements and ensure compliance with applicable insurance regulations and standards.
- Analyze insurance data and coverage effectiveness while identifying opportunities for cost optimization.
- Support the management of commercial and operational risks across projects and business functions.
- Build and maintain strong relationships with insurance companies, brokers, underwriters, and claims professionals.
- Review contracts, tender documents, and project agreements to assess insurance obligations and compliance requirements.
- Support lender-driven projects and contractual insurance obligations, including CTA, PPA, EPC, FA, CA, and related agreements.
- Review and coordinate insurance schedules for contracts and project documentation.
- Manage project insurance requirements including CAR/DSU, Marine DSU, SPPI, CPM, and other specialized insurance policies.
- Coordinate with brokers, consultants, and legal advisors regarding insurance matters and documentation.
- Maintain accurate and organized insurance records, documentation, and reporting systems.
Requirements
- Bachelor's Degree in Finance, Accounting, Economics, Business Administration, Public Administration, or a related discipline.
- Minimum 5-7 years of insurance experience in a specialized or technical insurance function.
- GCC experience is preferred.
- Professional qualifications such as CII, CILA, III, or equivalent insurance certifications are highly desirable.
- Strong knowledge of insurance procurement, claims management, underwriting processes, and local insurance markets.
- Experience working directly with insurers, underwriters, brokers, claims managers, and loss adjusters.
- Strong understanding of insurance laws, regulations, and compliance requirements.
- ERP knowledge, preferably SAP, will be an advantage.
- Experience supporting lender-driven projects and associated insurance requirements.
- Proven experience in project insurance programs, reinsurance placements, and complex commercial risks.
- Familiarity with construction, infrastructure, energy, or large-scale project insurance environments is highly preferred.
- Strong analytical, organizational, and stakeholder management skills.
- Excellent communication skills with the ability to engage effectively with internal and external stakeholders.
