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VP - Insurance

Dubai, United Arab Emirates

MAIN OBJECTIVE OF ROLE:

To design and manage all corporate and employee insurable risk through cost effective techniques in insurance, risk management, contract management and claims recovery.

KEY RESPONSIBILITIES:

Defines and recommends corporate policies on all matters relating to insurable risk, ensuring alignment with company objectives.
Identifies and evaluates the company’s system-wide risks and exposures arising from company operations, recommending and implementing appropriate risk management strategies.
Negotiates and secures all insurance contracts, ensuring provisions are in the best interest of the company and its employees.
Oversees and manages any mid-term changes and amendments to the insurance contracts.
Evaluates (in consultation with the Legal department) the impact of international legal conventions, protocols, national legislation, acts, and statutes on the exposures of the company, taking remedial action based on the outcomes.
Manages corporate claims and assists on employee benefit insurances, including conducting investigations, making recommendations, recovery actions and business continuity.
Manages the insurance Contract Risk Management on all contracts entered by the company to ensure proper risk mitigation.
Maintains and manages the Crisis Response Plan on a departmental basis as part of a wider company response framework.
Builds and maintains relationships with key insurance stakeholders, including brokers, insurers, lawyers, and loss adjusters for the benefit of the company.
Manage and optimizes corporate insurance budget, ensuring accurate invoicing and efficient management of recoverable amounts to maximize financial performance and align with strategic objectives.
Provides internal and market intelligence on best practice, trends, claims movements and their impact to the company for enhanced decision making.
Evaluates all existing processes and current insurance products, making recommendations as required and acts as subject matter expert on all insurance related matters.
Manages ad hoc insurance projects as required by the company.

QUALIFICATIONS:

Bachelor's Degree (3+ years)
Bachelor’s Degree in Actuarial Science (Master’s Degree Preferred)
Fluent in English
Leadership experience in Insurance
Years with qualifications: 15+ years
Specialized courses in Aviation

COMPETENCIES:

Customer Focus
Teamwork
Effective Communication
Personal Accountability & Commitment to achieve
Resilience & Flexibility (Can do attitude)
Decision Making
Inspiring & Developing Others
Strategic Thinking
Business Acumen

ISR Requirements:

Reads and complies with the ISR policies of the Company and diligently reports any weakness or incidents to the respective Line Manager or the Information Security team. Completes all required ISR awareness sessions and follows associated guidelines in the day-to-day business operations.

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