Qureos Mentor

GIG Gulf

<div>
 
 
 Who we are
 
 
 
 
 
 
 GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 largest regional composite insurer in the Middle East and North Africa, with presence in 13 markets including the United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia, Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Turkey. GIG Group reported consolidated assets of US$ 3.83 billion and $69 million net profit for the year 2023. The majority shareholder of GIG Group is Toronto based Fairfax Financia Holding, a global leader in insurance and reinsurance with a presence in 40 markets.
 
 
 
 
 
 GIG Gulf is an &lsquo;A&rsquo; rated regional insurer with a top 5 position in each of its markets (UAE, Oman, Qatar, Bahrain). GIG Gulf has been present in the region for over 70 years with a strategic focus on both growth and investments and is a one stop shop offering a wide range of insurance products and services that cater to a broad variety of needs for corporates, SMEs and individual customers throughout UAE, Oman, Bahrain, and Qatar. GIG Gulf also owns a 50% stake in GIG Saudi. Our strategic objectives and guiding principles are focused on Regional Growth, Customer Experience and Digital Transformation.
 
 
 
 
 
 GIG Gulf has created a diverse and inclusive working environment and culture with a workforce of over 800 employees, with over 60 nationalities, across 15 branches and retail shops region-wide and over 1 million customers. GIG Gulf is a caring partner that encourages customers to achieve their goals and live an inspiring and fulfilling life. We are obsessed with customer feedback and continuously evolving to become the region&rsquo;s digital insurer of reference, committed to running our operations in a responsible, sustainable way.
 
 
 
 
 
 
 
 
 
 Job Purpose
 
 
 
 
 
 
 To manage the GIG Gulf Provider Network Procurement and Data Management through the implementation of the agreed providers&rsquo; management strategy while complying with official regulations to achieve quality, accessible and affordable healthcare that support business to achieve business profitability and expansion goals.
 
 
 
 
 
 
 
 
 
 Key Responsibilities:
 
 
 
 
 
 
 
 Main Accountability:
 
 
 
 
 
 
 
 People
 
 
 <ul>
 <li>
 Manages allocated Network direct reports to deliver business goals.
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 Develops, trains, evaluates, and coaches staff/self to provide cost effective Network Management and administration while ensuring quality and efficiency standards are met.
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 Manages workload and resource allocations to monitor work output to ensure staffing levels are correct and team performance remains high.
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 </ul>
 
 
 
 
 
 Network management
 
 
 <ul>
 <li>
 Leads annual cycle of Provider Negotiations &ndash; Proactive and Reactive &ndash; to deliver agreed business goals through effective negotiations and contracting activities.
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 Manages network administration and contract database processes and outputs.
 </li>
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 Manages the implementation of discounts and agreed contractual terms.
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 Leads implementation of network related cost containment initiatives to ensure they are delivered effectively, efficiently and profitably.
 </li>
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 Conducts regular studies of providers&rsquo; allocation based on risk cost.
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 <li>
 Identifies potential areas for price reductions to achieve business targets with the assigned providers.
 </li>
 </ul>
 
 
 
 
 
 Network Development
 
 
 <ul>
 <li>
 Identifies areas for potential network development to achieve business objectives based on stakeholder requirements and sales team input/feedback.
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 <li>
 Leads market analyses and research of competitors&rsquo; networks to enable business stakeholders&rsquo; competitiveness.
 </li>
 <li>
 Manages the end-to-end provider empanelment process.
 </li>
 <li>
 Monitors the operation of comprehensive network of providers that covers all benefits for each class and identifies new contracting opportunities.
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 <li>
 Evaluates, develops and implements Network Categorization and Segmentation.
 </li>
 </ul>
 
 
 
 
 
 Network Data Management
 
 
 <ul>
 <li>
 Delivers, maintains, and enhances benchmarking for provider prices, competitors&rsquo; networks with regular internal and market analyses
 </li>
 <li>
 Designs and implements provider quality control measures such as provider details accuracy, provider profile audits, data quality assurance, system tariff audits
 </li>
 <li>
 Leads negotiations driven by in-depth review of provider service and pricelist utilizations, identifying top utilized services, billing trend analysis
 </li>
 <li>
 Calculates and analyzes the financial impacts of proposal and agreements of new contracts/service codes and renewals.
 </li>
 </ul>
 
 
 
 
 
 Governance and reporting
 
 
 <ul>
 <li>
 Delivers reporting to meet business needs: provider negotiations, contracting activity, recoveries and other related activities
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 Liaises with compliance and legal to ensure the fulfillment of regulatory requirements.
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 </ul>
 
 
 
 
 
 Project Management
 
 
 <ul>
 <li>
 Represents the Healthcare network management on functional projects to develop cost containment strategies.
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 <li>
 Identifies opportunities for changes in healthcare delivery for Providers.
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 Leads and represents Healthcare Network function on design and implementation of regulatory system requirements and changes in GCC region
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 Supports in communications with providers and vendors on regulatory changes and compliance requirements.
 </li>
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 Identifies and leads negotiations with providers on cost saving opportunities resulting from implementation of regulatory coding and billing mandates
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 </ul>
 
 
 
 
 
 Supervisory/Managerial/Leadership Complexity:
 
 
 <ul>
 <li>
 Provides leadership, professional guidance, and directions to the assigned team members.
 </li>
 <li>
 Prepares KPIs for the team performance, manages the performance review process, setting and monitoring of performance deliverables
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 Reviews individual performance through regular checks and reviews
 </li>
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 Provides regular feedback and coaching to team members, including personal development plans and reviews
 </li>
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 Motivates, empowers, and enables direct reports by providing technical expertise, necessary tools and support required to achieve the organizational development objectives.
 </li>
 <li>
 Develops the capabilities of the team members.
 </li>
 </ul>
 
 
 
 
 Key Requirements:
 
 <ul>
 <li>
 Bachelor's degree or Equivalent
 </li>
 <li>
 At least 5 years in a similar position managing network procurement and data management within the insurance industry in the Gulf region
 </li>
 <li>
 Well-developed interpersonal skills
 </li>
 <li>
 Communication &amp; Strong Negotiation skills.
 </li>
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 Planning and organizational skills.
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 <li>
 Strong Presentations skills, Problem solving skills, Strong analytical Thinking skills
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 </ul>
</div>

Commercial Underwriting Executive (P&C CL - Property & Casualty, Motor-Marine)

<div>
 
 Compliance &amp; AML Officer
 
 
 
 
 
 ***Due to regulatory requirements, ONLY UAE nationals will be considered for this role***
 
 
 
 
 
 
 
 
 
 Who we are
 
 
 
 
 
 
 GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 largest regional composite insurer in the Middle East and North Africa, with presence in 13 markets including the United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia, Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Turkey. GIG Group reported consolidated assets of US$ 3.83 billion and $69 million net profit for the year 2023. The majority shareholder of GIG Group is Toronto based Fairfax Financia Holding, a global leader in insurance and reinsurance with a presence in 40 markets.
 
 
 
 
 
 GIG Gulf is an &lsquo;A&rsquo; rated regional insurer with a top 5 position in each of its markets (UAE, Oman, Qatar, Bahrain). GIG Gulf has been present in the region for over 70 years with a strategic focus on both growth and investments and is a one stop shop offering a wide range of insurance products and services that cater to a broad variety of needs for corporates, SMEs and individual customers throughout UAE, Oman, Bahrain, and Qatar. GIG Gulf also owns a 50% stake in GIG Saudi. Our strategic objectives and guiding principles are focused on Regional Growth, Customer Experience and Digital Transformation.
 
 
 
 
 
 GIG Gulf has created a diverse and inclusive working environment and culture with a workforce of over 800 employees, with over 60 nationalities, across 15 branches and retail shops region-wide and over 1 million customers. GIG Gulf is a caring partner that encourages customers to achieve their goals and live an inspiring and fulfilling life. We are obsessed with customer feedback and continuously evolving to become the region&rsquo;s digital insurer of reference, committed to running our operations in a responsible, sustainable way.
 
 
 
 
 
 
 
 
 Job purpose:
 
 
 
 
 
 The Compliance Officer will be responsible to assist the Compliance Manager on the day-to-day tasks related to Compliance.
 
 
 
 
 
 Key Responsibilities
 
 <ul>
 <li>
 Manage Compliance related systems internally for UAE
 </li>
 <li>
 Monitor Compliance mailbox and maintain logs.
 </li>
 <li>
 Organize and maintain all compliance related records and files
 </li>
 <li>
 Support Compliance Manager/MLRO in regulatory communication, and preparing regulatory reports.
 </li>
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 Prepare Monthly Compliance Dashboard for UAE management
 </li>
 <li>
 Support Compliance Manager/MLRO in compliance assurance reviews.
 </li>
 <li>
 Support Compliance Manager in Compliance/AML training to relevant employees
 </li>
 <li>
 Assist Compliance Manager in Compliance Risk Assessment
 </li>
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 Assist in reviewing day to day tasks related to customer screening and queries from the business.
 </li>
 <li>
 Assist Compliance Manager/MLRO in preparing PEP profiles and PEP approvals
 </li>
 <li>
 Manage UAE Regulations in the internal systems
 </li>
 <li>
 Administrative support for UAE Governing Body meetings
 </li>
 <li>
 Establish and review internal policies and procedures relating to compliance policies and procedures.
 </li>
 </ul>
 
 
 
 
 
 
 
 Operational &amp; technical responsibilities
 
 <ul>
 <li>
 Proficient word and excel processing and computer skills
 </li>
 <li>
 Provide support to Compliance Manager/MLRO for coordinating with respective stakeholders for compliance matters
 </li>
 </ul>
 
 
 
 
 
 Minimum requirements of role
 
 
 
 
 
 
 Essential:
 
 
 
 
 <ul>
 <li>
 UAE nationals with &ldquo;Family book&rdquo; (Due to regulatory requirements, ONLY UAE nationals will be considered for this role).
 </li>
 <li>
 University Graduate in any discipline, preferably business, commerce, financial studies graduates.
 </li>
 <li>
 1-2 years experience in Compliance and AML
 </li>
 <li>
 Highly adaptable to learning internal systems
 </li>
 </ul>
 
 
 
 
 
 
 
 Desirable:
 
 
 
 
 <ul>
 <li>
 Any Compliance or AML related certification will be an advantage
 </li>
 </ul>
 
 
 
 
 
 How To Apply!
 
 
 
 You may drop us an email with your updated resume, mentioning in the subject line of your email the &ldquo;role title&rdquo; you wish to apply for.
 
 
 
 
 
 Emiratisation@gig-gulf.com
 
 
 
</div>

Compliance & AML Officer - UAEN

<div>
 
 
 Who we are
 
 
 
 GIG is a top 5 MENA Insurer present in 13 countries, with leading positions in Kuwait, Jorden, Bahrain, and Egypt. GIG is backed by 2 strong Shareholders: Fairfax, a financial holding organization owning insurance companies in over 40 countries and headquartered in Toronto, Canada, and KIPCO, one of the biggest diversified holding companies in MENA and backed by the ruling family of Kuwait. As GIG, we are committed to running our operations in a responsible, sustainable way, creating a diverse and inclusive working environment and culture, and having a positive impact on communities and protecting the environment. Our strategic objectives and guiding principles are focused on Regional Growth, Customer Experience and Digital Transformation.
 
 
 
 
 
 
 Job purpose:
 
 
 
 The ideal candidate must ensure a profitable growth of the Group Health portfolio through analyzing healthcare data to optimize business operations and communicating the findings using data visualization and detailed reports. Collect, refine, and prepare data for basic analytics and visualization, manage issuance of Policy Performance Reports and Loss Ratio.
 
 
 This role will also include the pricing and issue standard group health proposals for new business/renewals business in line with GIG practices.
 
 
 
 
 
 
 Key Responsibilities:
 
 
 <ul>
 <li>
 Prepare and deliver client performance report.
 </li>
 <li>
 Work closely with the Pricing team for data preparation and overall medical portfolio analysis
 </li>
 <li>
 Liaise with other departments to build and maintain common medical database
 </li>
 <li>
 Interact with data lake teams to insure the timely delivery of the data with accuracy
 </li>
 <li>
 Prepare and deliver Health Portfolio analysis based on risk segmentation
 </li>
 <li>
 Identify the early warning indicators to adjust the price or indicate deteriorating trends
 </li>
 <li>
 Propose alternative options that would help the client design competitive solutions.
 </li>
 <li>
 Coordinate with Distribution Channels on marketable proposition to grow the portfolio and maintain profitability.
 </li>
 <li>
 Monitor the performance of the assigned portfolio segment. Analyze any abnormal trends and communicate these, along with technical explanations and potential suggestions, to the Sales and Distribution teams for further communication to customers.
 </li>
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 Suggest corrective measures either on whole portfolio or specific accounts to maintain profitability levels.
 </li>
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 Interact with Customers and/or Intermediaries if required.
 </li>
 <li>
 Contribute to continuous improvement initiatives aimed at enhancing the customer experience.
 </li>
 </ul>
 
 
 
 
 
 Minimum requirements of Role:
 
 
 
 
 
 
 Essential:
 
 <ul>
 <li>
 Strong technical and analytical skills with high level of numeracy.
 </li>
 <li>
 Proficiency in Power BI with dashboards developments and providing automated reporting solution.
 </li>
 <li>
 Basic knowledge of SQL /SAS/VBA/Tableau Developer
 </li>
 <li>
 Advanced proficiency in Excel, PowerPoint, and Word.
 </li>
 <li>
 Excellent communication skills.
 </li>
 </ul>
 
 
 
 
 Desirable:
 
 <ul>
 <li>
 Bachelor's degree in mathematics, statistics, Actuarial Sciences
 </li>
 </ul>
</div>

Employee Benefits Healthcare Data Analyst - Group Medical & Life Insurance

<div>
 
 
 Who we are:
 
 
 
 GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 largest regional composite insurer in the Middle East and North Africa, with presence in 13 markets including the United Arab Emirates, Bahrain, Oman, Qatar, Saudi Arabia, Algeria, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Turkey. GIG Group reported consolidated assets of US$ 3.83 billion and $69 million net profit for the year 2023. The majority shareholder of GIG Group is Toronto based Fairfax Financia Holding, a global leader in insurance and reinsurance with a presence in 40 markets.
 
 
 
 
 
 GIG Gulf is an &lsquo;A&rsquo; rated regional insurer with a top 5 position in each of its markets (UAE, Oman, Qatar, Bahrain). GIG Gulf has been present in the region for over 70 years with a strategic focus on both growth and investments and is a one stop shop offering a wide range of insurance products and services that cater to a broad variety of needs for corporates, SMEs and individual customers throughout UAE, Oman, Bahrain, and Qatar. GIG Gulf also owns a 50% stake in GIG Saudi. Our strategic objectives and guiding principles are focused on Regional Growth, Customer Experience and Digital Transformation.
 
 
 
 
 
 GIG Gulf has created a diverse and inclusive working environment and culture with a workforce of over 800 employees, with over 60 nationalities, across 15 branches and retail shops region-wide and over 1 million customers. GIG Gulf is a caring partner that encourages customers to achieve their goals and live an inspiring and fulfilling life. We are obsessed with customer feedback and continuously evolving to become the region&rsquo;s digital insurer of reference, committed to running our operations in a responsible, sustainable way.
 
 
 
 
 
 
 Job purpose:
 
 
 
 To work as part of regional finance team and primarily responsible for preparation of financial statements and regulatory reporting in compliance with applicable accounting standards and relevant regulatory guidelines. Supplementary support to the team for financial reporting and internal control requirements with ownership of relevant transactions, closing related activities and balances. The role ensures preparation of accurate financial statements, compliance with IFRS, and alignment with regulatory requirements in multiple jurisdictions and managing external audit requirements.
 
 
 
 
 
 
 Key Responsibilities:
 
 
 
 
 Financial Reporting &amp; Accounting
 
 
 <ul>
 <li>
 Oversee the preparation and consolidation of financial statements in accordance with IFRS and local regulatory requirements where applicable.
 </li>
 <li>
 Work as an integral member of the financial control team as the expert in IFRS standards.
 </li>
 <li>
 Ensure timely monthly, quarterly, and annual financial closing and reporting.
 </li>
 <li>
 Coordination with actuarial team for IFRS 17 requirements related to Financial Statements preparation including reconciliation with actuarial team on finance data, proper classification and measurement of insurance contracts.
 </li>
 <li>
 Manage the reconciliation between management accounts and IFRS 17 outputs.
 </li>
 <li>
 Ensure accuracy and completeness of technical and non-technical accounts, including premium, claims, reinsurance, and investment income in relation to the Financial Statements.
 </li>
 <li>
 Provide required inputs to the Group reporting team to ensure that the Group deadlines are met.
 </li>
 <li>
 Supporting in monthly closing activities. Perform monthly GL control and closing accounting activities in relation to tax and other areas assigned
 </li>
 <li>
 Maintain strong internal controls over financial reporting in compliance with SOX and ICFR requirements.
 </li>
 <li>
 Monitor and interpret changes in accounting and regulatory standards, support in ensuring timely implementation.
 </li>
 <li>
 Performing the technical accounting, control and reporting activities assigned.
 </li>
 <li>
 Coordinate with External auditors for statutory audits, covering the entity and its overseas branches, and ensure smooth audit completion.
 </li>
 <li>
 Support engagement with internal auditors, SOX testing, both management and external auditor, and support risk management team for risk requirements related to financial statements.
 </li>
 </ul>
 
 
 
 
 
 Regulatory Compliance, Governance &amp; Reporting
 
 
 <ul>
 <li>
 Support in complying with financial reporting and solvency requirements as per the applicable insurance regulators.
 </li>
 <li>
 Support with regulatory reports for local authorities, including capital adequacy calculations, risk based solvency calculations, solvency reporting, and prudential returns and support related audit reviews.
 </li>
 <li>
 Support Perform ad-hoc reporting, including surveys, required by regulatory authorities.
 </li>
 <li>
 Oversee the regulatory reporting for Bahrain, UAE, Oman and Qatar and represent regional finance team for coordination with local Finance managers.
 </li>
 <li>
 Maintaining compliance with the Bahrain, Oman, Qatar and UAE regulatory requirements related to Finance in coordination with local finance team and Compliance teams.
 </li>
 <li>
 Make reports and presentations for Head of Financial control for Audit committee, Senior Management and support local finance team in preparation of local governing body presentation.
 </li>
 </ul>
 
 
 
 
 
 Process Improvement &amp; System Enhancements
 
 
 <ul>
 <li>
 Suggesting improvements related to the activities assigned in terms of ensuring compliance, better internal control and process efficiencies, with focus on simplicity and collaboration and building dashboard for the team.
 </li>
 <li>
 Lead initiatives to improve financial reporting processes and enhance efficiency.
 </li>
 <li>
 Support finance transformation projects, including ERP system upgrades and automation.
 </li>
 <li>
 Ownership for GL accounts as assigned by Senior Finance Manager and manage these efficiently.
 </li>
 <li>
 Develop and implement best practices in accounting and reporting.
 </li>
 <li>
 Support actuarial teams with financial data for reserving and pricing models.
 </li>
 <li>
 Establish and maintain policy, process, manuals and procedures related to Financial reporting.
 </li>
 </ul>
 
 
 
 
 
 Finance Business Partnering
 
 
 <ul>
 <li>
 Act as a key Finance business partner to the operations team, providing financial insights to support decision-making and operational improvements.
 </li>
 <li>
 Collaborate within the team with Finance Managers in branch operations on standard related topics and IFRS 17 Financial statements.
 </li>
 <li>
 Ensure support for all control function requirements of internal audit, risk management, IT Security and compliance.
 </li>
 <li>
 Regular engagement with Group reporting team and actuarial team to ensure alignment on a regular basis.
 </li>
 <li>
 Prepare management reports and financial dashboards providing insights into business performance, profitability, and key financial trends.
 </li>
 <li>
 Be the champion within Finance team for IFRS topics and promote awareness within larger team.
 </li>
 </ul>
 
 
 
 
 
 Essential Requirements:
 
 
 
 
 Experience and Qualifications:
 
 
 <ul>
 <li>
 Qualified finance professional (CA/ACCA, etc.) with sound background and experience of over 5 years, preferably exposure to Big 4 Audit firms with relevant IFRS exposure and more specific to IFRS 17 and preparation of financial statements.
 </li>
 <li>
 Strong on spreadsheet skills (Design and build Macros, Power Pivot, Power Query), data skills and MS Office 365 Suite
 </li>
 <li>
 Knowledge of insurance accounting principles and regulatory requirement.
 </li>
 </ul>
 
 
 
 
 
 Personality attributes:
 
 
 <ul>
 <li>
 Strong on business / customer relationship, business partnering, inter-personal, communication skills.
 </li>
 <li>
 Stress and time management skills to comply with deadlines.
 </li>
 <li>
 Demonstrated ability to create and maintain policy and process documentation.
 </li>
 <li>
 Well planned and organized with the ability to multi-task and manage stakeholders.
 </li>
 <li>
 Self-starter taking ownership, driving results &amp; initiatives on own, result oriented.
 </li>
 <li>
 Strong analytical skills, problem-solving skills, ability to plan ahead and solution oriented.
 </li>
 <li>
 Good team player with ability to work in, be a part of a diverse and multicultural workforce.
 </li>
 <li>
 Understand and imbibe Company purpose &amp; values. Demonstrate appropriate behavior in line with values &amp; purpose.
 </li>
 </ul>
 
 
</div>

Manager – Financial Reporting

Join GIG Gulf and explore 5 exciting career opportunities. They're hiring for various roles with options for remote or on-site work. Apply today and become part of their innovative team.