Job Summary
Under the general guidance and supervision of the Insurance Director, the position is responsible for managing insurance-related plans and processes, claims and coordination related matters of the Company. The position is also responsible for the tendering of all procurement of insurances for new risk as well as insurance policy renewals, settlement and analysis of claims, assistance on insurance procedures and all process requests to issue policies, certificates and endorsements.
Job Responsibilities 1
Primarily responsible for the handling of all insurances such as but not limited to Motor Insurance, Workmen’s Compensation Insurance, Group Life Insurance, Group Medical Insurance, Fidelity Insurance, and Money Insurance.
Assisting with Property Insurance, Engineering Insurance, Liability Insurance, Marine and all other policies.
Assistance in tendering for procurement of all Insurance Policies both for new risks and/or renewals.
Assists the department head in obtaining initial and all needed documents on projects and as required for procurement of various insurances.
Review, analyzation, and comparison of the received quotations to prpose the most suitable.
Conducts Technical negotiation with shortlisted insurer to determine best course of action.
Providing Technical Recommendation to Procurement team and/or concerned Business Unit(s)
Assistance to Insurance Director on arranging (re)insurance support on major risk.
Analysis of Claims and policy cross checks to avoid frauds that may have financial impacts.
Claim registration as well as management of all processing of permitted insurance claims.
Assistance to all departments as needed with evidence of insurance, claims and financial forecasting.
Processing of requests for insurance certificates and endorsements.
Recording and updating of Claim Dashboard, record filing and proper documentations.
Job Knowledge & Skills
Solid foundation knowledge of insurance claims processing, insurance procurement and local markets
Knowledge of local insurance markets as well as understanding of the geopolitical developments within the region an advantage
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Job Experience
Minimum of 7 year(s) On the Job
At least 1 year GCC experience is preferred
Competencies
Collaboration
Accountability
Resilience
Quality
Leadership
Insurance Standards/Proc/Law/Regulations L2
Insurance Coverage L2
Risk Assessment L2
Claims Evaluation, Interpretation and Investigations L2
Claims Reporting L2
Education
Bachelor's Degree in Business Administration or Sales and Marketing
Power International Holding (PIH) is a diversified business conglomerate, grouped into 5 main sectors: General Contracting, Agro-Food Industries, Real Estate Development, Lifestyle (Hospitality, Entertainment & Catering) and General Services. To ensure the sustainability and success of each businesses within the various sectors, we are committed to providing every entity with the tools and resources together with the central functional support to enable development and growth. We work in specialization, to ensure that each business strives to achieve the organization’s objectives and goals. Grouping is done through focus and trade excellence of organization leaders who proactively work together in multi-disciplinary groups, ensuring that each business thrives and flourishes.
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