| Vice President – Operation Control | |
| Al Futtaim Group Cairo, Egypt Ref: HP698-384 |
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The RoleThe RoleArab Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The year 2007 has seen a substantial growth of premium income and net profit. Having recorded a premium income of Dhs.767 million and a net profit of Dhs.136 million (out of which over 65% is generated from underwriting), the Company is counted among the leaders in the UAE insurance market. Arab Orient Insurance Company has a paid-up capital of Dhs. 250,000,000 – which is significantly higher than most of the players in the market. With head office in Dubai, the company serves its clientele through an extensive branch network in Bur Dubai, Jebel Ali, Sharjah, Abu Dhabi, Al Ain, Dubai Health Care City Ras Al Khaimah, Sheikh Zayed Road and Oman.Standard & Poor's Ratings Services upgraded the long-term counterparty credit and insurer financial strength ratings to Arab Orient Insurance Co. (PSC) from A- to A in the year 2008. This is the highest interactive rating awarded to a national insurance company in the UAE.The Company is also accredited with ISO 9001 Quality Management Certification.For this role, the job responsibilities include overall responsibility of operation, claims underwriting and finance control and review. The responsibility also includes managing the conduct of constant internal check and control and ensure that the business is conducted within the framework of the policies and authorities of the company. |
RequirementsRequirementsThe ideal candidate should be between 35-45 years of age, with strong background and experience in Finance and Audit. With over 10 years of experience, out of which at least 7 years should have been in a managerial capacity with similar job responsibilities. |
About the CompanyAbout the CompanyEstablished in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt. The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Group’s continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery. The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Group’s belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility. |
This Position is closed or expired
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