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Insurance Risk Manager

2 months ago


Abu Dhabi, Abu Dhabi, United Arab Emirates Oil And Gas Job Search Ltd Full time
Job Summary

We are seeking an experienced Insurance Risk Manager to join our team at Oil And Gas Job Search Ltd. As an Insurance Risk Manager, you will be responsible for directing the development and management of insurance strategies to protect the company's business from financial loss due to accidents.

Key Responsibilities
  • Insurance Strategy Development: Directs the development and management of insurance strategies to protect the company's business from financial loss due to accidents.
  • Insurance Coverage: Ensures that the company's assets, third parties, and legal liabilities carry adequate insurance coverage in accordance with ADNOC policies and standards.
  • Employee Insurance: Ensures that adequate and cost-effective insurance covers for employees are in place and in line with the applicable laws against accident, medical, and legal liabilities.
  • Internal Audit: Directs and ensures timely compliance and implementation of all agreed Internal Audit Points.
  • Assets Valuation: Directs and liaises with concerned divisions for review of yearly Assets Valuation Report and analyses their response in accordance with the risks involved.
  • Contractual Claims: Evaluates and recommends for management resolution the contractual, labour, insurance, and other claims & disputes involving TAKREER.
  • Insurance Declaration: Supervises and directs insurance declaration in respect of cash including the company's profile annual information (estimated annual turnover, products information, area of operation, etc.).
  • Document Custodian: Acts as custodian for vital company's documents such as insurance contracts/policies.
  • Employee Benefits: Manages and analyses the life insurance cover in respect of our employees' disability, overseas medical expenses, etc.
  • Project Insurance: Manages and supervises the arrangement of insurance cover in respect of the company's minor/major projects to insurers.
  • Cargo Insurance: Manages and directs the insurance declaration of estimated & actual values of cargo (shipped by land/air/sea).
  • Claims Notification: Manages the process of insurance claims notifications to insurers; these insurance claims belong to employees/assets/projects/liability, etc.
  • Claims Settlement: Directs settlement negotiation with insurers/loss adjusters & technical adjustments of claims ensuring proper calculations of loss amount, application of deductibles, collection of information/documents, and ensures signing of discharge receipt by authorized person in the company.
  • Arbitration and Litigation: Liaises with ADNOC to reach an agreement through arbitration or resorting to legal proceedings in case of failure to have a smooth settlement with the insurer.
  • Risk Management: Manages and ensures that Risk Management studies in respect of major projects are completed immediately on completion of FEED & directs the process of Risk Management Review for assets to ensure that the Risk Mitigation Recommendations made by Insurance Consultants are implemented.
  • Committee Participation: Participates/contributes in the company's committees for evaluation and development of contracts, manuals, or regulations.