Insurance Manager

7 days ago


Abu Dhabi, Abu Dhabi, United Arab Emirates oilandgas Full time
Job Summary

We are seeking a highly skilled Insurance Manager to join our team at oilandgas. The successful candidate 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
  • Directs the development and management of insurance strategies to protect the company's business from financial loss due to accidents.
  • Ensures that adequate and cost-effective insurance covers for employees are in place and in line with applicable laws against accident, medical, and legal liabilities.
  • Provides management insurance and contract-related services aiming at safeguarding the company's revenue and sources.
  • Directs and supervises the preparation of Company's yearly assets list including additions/deletions, motor vehicle fleet, Navigational Aids, mothballed, transferred & shared assets list.
  • Evaluates and recommends for management resolution the contractual, labour, insurance and other claims & disputes involving oilandgas.
  • Manages and analyses the life insurance cover in respect of employees' disability, overseas medical expenses, etc.
  • Supervises and directs insurance declaration in respect of cash including company's profile annual information (estimated annual turnover, products information, area of operation, etc.).
  • Acts as custodian for vital company's documents such as insurance contracts/policies.
  • Directs and manages insurance declaration of the annual detailed list of eligible employees and their dependents to Insurers.
  • Manages and supervises the arrangement of insurance cover in respect of company's Minor/Major projects to insurers.
  • Manages and directs the insurance declaration of estimated & actual values of cargo (shipped by Land/Air/Sea).
  • Manages the process of insurance claims notifications to Insurers; these insurance claims belong to employees/assets/projects/liability, etc.
  • 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.
  • Liaises with ADNOC to reach an agreement through arbitration or resorting to legal proceedings in case of failure to have a smooth settlement with Insurer.
  • Manages & 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.
  • Participates/contributes in Company's committees for evaluation and development of contracts, manuals or regulations.
  • Negotiates & comments on the amendments requested by contractors on Insurance Articles of company's agreements related to different stages of projects like PMC, FEED and EPC.
  • Approves & confirms insurance certificates, endorsements, debit/credit notes, cheques, etc. received from various insurers related to insurance accounts.
  • Directs preparation of Insurance reports at end of every month, quarter & year.
Requirements
  • Bachelor's Degree in a relevant field and a Professional Insurance Qualifications.
  • 12 years' experience preferably in the Oil & Gas related industries.
  • Practical Knowledge of major software packages.
  • High level of proficiency in Arabic and English.


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