Insurance Processor

Job description

Job Summary

The Insurance manager oversees programs to minimize risks and losses that might arise from financial transactions and business operations undertaken by the organization. Directs and manages the implementation of policy administration and ensures proper documentation of all related mandatory documents, policies and other transactions.

Job Responsibilities 1

Manage daily insurance requirements of all business unites of the Company following the set policies and procedures for the insurance department, following best practices of insurance management.

Conduct risk assessment and ensure assets are insured, data are analyzed and used for continuous improvement and optimization to maximize insurance coverage and maintain feasible insurance cost.

Manages the implementation of the Insurance Operations (Commercial Risks) objectives, providing leadership and facilitating work processes to achieve high performance standards.

Ensures adherence to the guidelines and effectively managing all underwriting requirements.

Carry out annual renewal of insurance policies as per defined policies, procedures, and processes.

Conduct daily policy administration (additions, deletions of assets or changes in risk which may require an amendment of insurance cover)

Manage claims reporting and settlements with insurance companies and loss adjusters.

Prepare and maintain loss details reports, loss ratio records and submit an annual analysis report

Job Responsibilities 2

Additional Responsibilities 3

Job Knowledge & Skills

Professional insurance certifications such as ACII and FCII

Solid foundation knowledge of insurance claims processing, insurance procurement and local markets

Understanding of the geopolitical developments within the region an advantage.

Knowledge of all related laws, legal codes, court procedures, precedents, government regulations, executive orders

Experience of dealing with a broad range of wider insurance markets, underwriters and claims managers within insurance companies

General knowledge of industry products, regulations and development

ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus

Competencies
Collaboration
Accountability
Resilience
Quality
Leadership
Claim Studies L3
Property/Casualty Insurance L3
Insurance Coverage L3
Underwriting L3
Risk Assessment L3

Education
Bachelor's Degree in Finance, Accounting, Economics, Pubic Administration or business administration, and other related field