Risk Manager Insurance / Banking
A leading Insurance Brokers with operations Internationally are seeking a professional Risk Manager, preferably with UAE experience
To be responsible for the profitable provision of a full insurance programme placement for certain clients and the total servicing of these client accounts,, meeting the clients needs, maintaining their loyalty, encouraging programme renewal, and encouraging business growth.
To assist with developing and producing new business both regionally and internationally including, but not limited to, by way of responding to tenders and/or reviewing prospective clients insurance programmes.
To pro-actively drive the establishment of a Risk Management practice to provide risk services to clients.
To provide specialist input to the internal Risk Management process and practice and thus enable development and improvement to Best Business Practices/Business Operations.
Develop overall account strategies, plan and co-ordinate renewal strategies. and direct activities for existing clients
Produce strategy/proposals for new clients including review of programme, analyze data and produce reports/presentations making recommendations for change
Actively develop new risk consultancy and insurance business and grow existing business
Determine the optimum strategy and structure for placing a risk. Market, monitor, supervise and guide placements on a day-to-day basis from start to finish.
Manage client requirements and expectations in accordance with the terms of appointment.
Achieve optimum profitability on individual client accounts
Monitor and report developments, trends and any issues in client relationships.
Educate clients and manage their expectations through market, insurance and sector briefings.
Set-up, co-ordinate and manage client and placement records
Develops an insurance programme to meet the clients needs and preferences with a placing structure that is appropriate to the clients operations; exposures and risk transfer goals
Ensures all placing, contract and closing documentation satisfies the client requirements and complies with Internal Procedures/Best Practice Manual and Market Reform
Ensures placement submissions are in accordance with Contract Certainty Code of Practice
Ensures market presentations secure best possible terms for the client, with full material disclosure
Manages client requirements in accordance with the terms of appointment, to maintain a strong client relationship, support renewal and encourage business growth
Optimizes account profitability through client negotiation, efficient use of resources and account development.
Manages client expectations and requirements in terms of risk management consulting
Ensures agreed payment terms, Premium Payment Warranties (PPW) etc are met through credit control
Responds timely and accurately to client and underwriter queries.
Ensures clients receive a quality of service that adds value.
Receives no justified client complaints over provision of service
Investigates and resolves complaints and service failures
Achieves retention targets through planned and coordinated account renewal process
Identifies and develops opportunities for account development to meet the clients requirements
Ensures that correspondence, documents, statistics etc are retained on file in accordance with BPM and internal procedures
Prepares monthly Divisional Management Information (MI) to accurately report brokerage and fees, renewal lists/progress, late signings etc
Ensures financial/document checks and approval comply with requirements of the Authorized Signatory List.
Maintains confidentiality in systems and procedures
Local and international market experience in either broking or underwriting; account servicing with exposure to large international corporations; technical insurance and business production. Exposure to working with businesses to manage risk exposures including holding risk identification workshops and producing risk registers
Market and industry structure and operation, including regulation and market reform
Lloyds Introductory Test, or equivalent experience
Technically sound in insurance market practices and procedures,
Qualified in insurance to ACII (or equivalent in other territories), and qualified in risk management ( e.g. Member of the Institute of Risk Management)
Sector specific risks and insurance products/solutions
Understand procedures for risk identification, analysis and control
Slip drafting and Approval
Well developed verbal and written communication
Client servicing and account development experience
IT literacy in Word, Outlook and Excel
Planning and organizing
Good time management and prioritization
DFSA Conduct of Business and Anti-Money Laundering Rules
Company placing process
Company Products and Services
Core IT systems. INFOTECH : can enter and retrieve information.
Our client are seeking someone with a background who has worked in a Risk, Banking and Insurance background.
Please apply online.
About the Company
About the Company
Kobaltt MENA are leaders in recruitment across Technical, Construction, Property, Supply Chain & Logistics, Facilities Management, Sales & Marketing and Accounting & Finance Markets. We enjoy long established client relationships with an in-depth knowledge of the MENA and International Market, offering candidates reputable career prospects.
With established Middle East regional offices located in Abu Dhabi, Doha and Dubai, Kobaltt is providing a specialist range of permanent and contract recruitment services to the construction, property and engineering, Supply Chain & Logistics, Oil & Gas, accountancy and finance sectors.
Our team has over 25 years accumulative years of experience being based in the GCC with established client networks and candidate profiles.