Posted
Ref: GP403-1027
Job description / Role
About the Job
- Provide first line support to line manager Insurance to ensure adequate, efficient and cost effective insurance cover for company's personnel, assets, earnings, liabilities and environment.
- Provide support on all technical insurance matters consistent with ADNOC Group Corporate Risk Management and Insurance Policy and Program.
Key Accountabilities
- Assist insurance line manager Insurance by studying and recommending changes that will enhance the policies coverage based on risk management studies, loss exposures (Estimated Maximum Losses) and requirements in accordance with ADNOC Corporate Risk Financing and Retention.
- Revise and update indemnity and insurance clauses, insurance articles, contractors' policies and other various agreements to ensure that they are in accordance with Group Standard Indemnity and Insurance conditions.
- Update policy wording for both blanket and project policies by monitoring and keeping up to date with trends in the local and international markets.
- Meet and liaise closely with surveyors and adjustors who may be appointed by the Insurers and their reinsurers.
- Monitor and review the periodic claims status, statistics, loss ratios and profit sharing if any, etc.
- Provide support in the preparation, negotiation and technical adjustments of claims in different policies.
- Assist the insurance line manager to develop, promote and monitor claims procedures.
- Provide advice and technical assistance on different insurance issues.
- Conduct and coordinate technical evaluation of tenderers for the different insurance contracts.
- Assist insurance line manager in preparation of tenders, negotiation and placing of cost effective blanket and direct insurance policies.
- Follow up and coordinate finalisation of outstanding claims by collecting necessary documentation. Ensure settlement of claim by the insurer.
Requirements
Minimum Requirements
- Bachelor's Degree in Finance, Business, Insurance or equivalent.
- Professional Qualification e.g. Member of the Institute of Chartered Insurance.
- At least 8 years of experience in the same or similar role
About the Company
We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.
We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.
Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.
Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.