This job ad has been posted over 60 days ago...

Insurance Officer - Construction/Engineering Experience

at Confidential in United Arab Emirates - Dubai

Insurance Officer with Construction/Contracting industry exposure is a must.

Effective management of the Company’s insurance portfolio – involving all aspects of underwriting, risk management, contracts, and claims recovery.

Job Responsibilities / Accountabilities

• Providing insurance technical support to Line Manager on matters relating to underwriting, risk management, contractual obligations and claims recovery
• Independently prepare insurance Tender specifications and negotiate appropriate types and levels of insurance covers (including customized policy wordings) at cost effective terms.
• Independently verify premiums and compile complex statistical data and declarations as per requirements of insurers and Management.
• Evaluate various exclusions in the company’s insurance covers and the probability of risk on the same.
• Independently initiate claims notification and surveys – leading up to loss adjustment and full recovery of claims under the relevant Corporate insurances.
• Evaluate risks and exposures emanating under Contracts for the purpose of drafting and negotiating appropriate insurance clauses under Contracts with external parties.

Maintain complete database of all insurance policies handled by the department, updating the same on regular basis and ensuring timely renewal of all policies.

Working Relationships

• Timely follows-up and conclusion with insurers on Cover Notes / Certificates of Insurance/ Policy documents / Endorsements.
• Source and compile underwriting data from various internal and external sources – for the purpose of insurance negotiations.
• Independently evaluate Corporate risks and exposures and liaise with operating teams to identify mitigation actions.


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