Skills: Risk Management
Experience: 15 + Years
Education: Masters Degree
Location: Saudi Arabia
Saudi Aramco are currently seeking an Insurance Risk Consultant to join the Insurance Management & Advisory Division in our Treasury Organization.
The Insurance Management & Advisory Division is part of the Financial Risk Department in Treasury. Its function is to provide support across the Company through the identification, quantification and mitigation of casualty risks and to reduce the cost of insured and uninsured loss to the Company, its subsidiaries and affiliates.
The successful candidate will have a bachelor's degree in business administration or finance (a master's degree is desirable) and a minimum of 15 years of experience in insurance and risk management.
You will possess significant relevant corporate risk and insurance expertise obtained from industry, international broking, risk management or insurance company background and ideally with experience of the energy and petrochemical industry sector or a major corporate organization.
Demonstrate excellent interpersonal and communication skills with the ability to establish personal credibility with various internal and external parties.
Must be flexible, team orientated, able to work with minimum supervision to meet challenging
deadlines and competent to plan and coordinate workload for themselves and others.
You must possess good project management skills, a thorough understanding of contractual risk and be able to offer logical and innovative solutions to complex issues.
It is required that you have ACII, CMIRM or CPCU professional accreditation.
Duties & Responsibilities:
The successful candidate will be required to perform the following:
Develop strategy to mitigate or transfer risk
Analyze, critique and draft risk allocation, indemnity, insurance and other related contract provisions;
Negotiate, implement and administer insurance and reinsurance placement structures (including optimal use of captive or alternative finance and transfer mechanisms)
Develop and advise on the implementation of risk and insurance policy and procedures
Manage and coordinate broker, insurer, consultant and other service provider activities
Negotiate claims and pursue recovery from third parties (including risk engineering and asset appraisals)
Mentor and develop staff.
Represent the interests of division at internal and external meetings and assignments.
Every day, our multinational team of more than 70,000 people combines passion, purpose, and performance to achieve a common objective: unlocking the full potential of the Kingdom’s resources to create more value for our company and more opportunities for people at home and around the globe.
Join us at Saudi Aramco.