Vice President – Insurance
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.