Risk Manager – Insurance / Banking

Kobaltt
UAE

Ref: KP678-1604
Kobaltt

The Role


The Role


A leading Insurance Brokers with operations Internationally are seeking a professional Risk Manager, preferably with UAE experience

Responsibilities:
• 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 client’s 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 client’s needs and preferences with a placing structure that is appropriate to the client’s 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 client’s 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

Requirements


Requirements


• 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
• Lloyd’s 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
• Negotiation skills
• Well developed verbal and written communication
• Client servicing and account development experience
• IT literacy in Word, Outlook and Excel
• Relationship management
• 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.
This Position is closed or expired