Ref: OP329-16

Job description / Role

Employment: Full Time

This position is responsible for proper analysis and investigation of the reported claims by applying the required technical knowledge , in addition to negotiating overall claims amount prior to settling it within due date.

He/she will responsible for reviewing, managing and controlling claims and providing periodical Claims & Statistical report to the management.

- Ensure fair and prompt clearance of reported claims, while contributing to a reduced Loss Ratio.
- Coordinate with t Actuarial department regarding reserves and IBNR by providing loss history of clients and potential claims that might be reported in the future, to ensure that reserves activities are consistent with the company strategy.
- To be in continuous contact with the brokers or ceding companies regarding any queries or updates or clarifications.
- Provide expertise and consultation regarding potential losses in certain clients’ accounts when required to other technical departments within the company.
- Work with the Loss Adjusters to ensure that a fair value has been assigned for the losses, in addition to investigating questionable claims
- Ensure that the Claims Department complies with the company guidelines and procedures.
- Mentor, train, and support the Claims Assistants.

Requirements

- Bachelor's degree with minimum of 7-8 years of experience in Re-insurance Claims Department.
- Should be analytical and attention to detail.
- Proactive and team player with flexibility to work in a small team.
- Fluent in English, Arabic would be an advantage.

About the Company

EmiratesRE The first leading Retakaful Institution for regional and worldwide markets, grounded on Fiqh Al Muamalat, observing the rules and regulations of the Islamic society.

Emirates Re is committed to enriching the Retakaful and Insurance industries in accordance with Shari’a principles by providing first-class levels of expertise, products and services. We transact several lines of business on a Treaty and Facultative basis:

• Property • Engineering • Marine • Accident • Motor • Energy

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Executive Officer salaries in Saudi Arabia

Average monthly compensation
SAR 70,000

Breakdown available for industries, cities and years of experience