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Assistant Vice President

2 months ago

Dubai, United Arab Emirates Al-Futtaim Full time

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A”rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

**Job Role**:
We are currently looking to recruit Assistant Vice President to join our Property Insurance Department. Reporting to the Senior Vice President - Property, the job responsibilities interalia including but not limited to:
**Underwriting - **Management of the underwriting activiities of the Property Property Insurance Department to ensure sustainability and growth in the portfolio through prudent risk assessment and underwriting measures. Periodical review of premium rates and the underwriting guidelines in light of the prevailing market conditions as well as performance of the Portfolio to ensure continuous enhancement of the Department;s profitability.

**Assist Business Channels** - work with different business channels to ensure growth in the Department by securing new businesses as well as retention of existing portfolios.

**Management and Development of Staff**:

- Assist superiors on motivating, training and development of the staff in order to optimize their performance and ensure achievement of the specific objectives in an efficient manner with a high degree of professionalism.

**Documentation and Records** - Ensure timely and accurate preparation and delivery of certificates, policies and endorsements in compliance with the prescribed policies and guidelines of the company in order to serve customers efficiently.

**Management Reports** - Prepare, coordinate and ensure timely submission of Management reports in order to provide the operational data for Management information and facilitate decision making.

Customer Complaints - Attend to customer complaints and ensure fair solutions within the company guidelines.

**Job Requirements**:

- Holding a relevant university degree or general insurance qualification
- Must have 10 years of work experience, at least 5 years of which is in a Managerial position handling Underwriting and should demonstrate progressive development in career.
- Must possess sound technical knowledge on Underwriting of Property Insurance with in-depth exposure.
- Should have knowledge and experience on the Reinsurance placements for large / complex risks
- Should have attention to detail and strong analytical skills
- Proven expert knowledge of commercial insurance standard wordings and market driven wordings
- Ability to work independently with experience and exposure to self-manage large complex insurance programs
- Good organizational skills with proven ability to prioritize workload in meeting deadlines and agreed TAT
- Working as a key stakeholder on projects related or product development and contributing to product innovation
- Work collaboratively in a team environment assisting underwriters and underwriting assistants, including development and training of junior staff

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