Senior Insurance Officer

Job description / Role

Job Purpose

Supervise the implementation of insurance policies and procedures in coordination with ADNOC Corporate Insurance Division. Supports the activities related to blanket policies, direct policies, asset valuation and risk management aspects such as surveys and site visits. Directs the preparation and control of the annual budget for insurance premiums. Supervises the administration of the Group Company's existing insurance policies and claims.

Key Accountabilities

Job Specific Accountabilities

• Reviews the documentation for insurance claims.
• Reviews adequacy of the insurance clauses of ADNOC Global Trading Group's contracting instruments.
• Reviews and comments on insurance policies submitted by contractors.
• Verifies premium calculations and matches against the insurance policy conditions.
• Reviews assets valuation reports and matches with the assets register.
• Updates volumes, estimates premiums in the ETRM and finalizes them.
• Assists in lodging completely documented insurance claims with the insurance companies.
• Participates in claims negotiation and claims settlement with the insurance companies.
• Reviews risk evaluation assessment reports and follows up on risk improvement recommendations.
• Supports the technical and commercial evaluation of insurance tenders under the supervision of ADNOC Corporate Insurance Division and aligned with relevant procurement processes.
• Manages the preparation of the annual insurance budget.
• Manages the preparation of the annual insurance circular for management.
• Organizes workshops and makes presentations to the Company's staff for dissemination of insurance awareness and information.
• Complies with all UAE, ADNOC, ADNOC Global Trading and client Asset Integrity Management codes of practice.

Generic Accountabilities

• Plans, supervises and coordinates all activities in the assigned area to meet functional objectives.
• Trains and develops the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.

Budgets

• Provides input for preparation of the Department budgets and assists in the implementation of the approved budget and work plans to deliver section objectives.
• Investigates and highlights any significant variances to support effective performance and cost control.

Policies, Systems, Processes & Procedures

• Implements approved section policies, processes, systems, standards and procedures in order to support execution of the section's work programs in line with company and international standards.
• Complies with all applicable legislation and legal regulations.

Performance Management

• Contributes to the achievement of the approved performance objectives for the section in line with the company performance framework.

Innovation and Continuous Improvement

• Designs and implements new tools and techniques to improve the quality and efficiency of operational processes.
• Identifies improvements in internal processes against best practices in pursuit of greater efficiency in order to define intelligent solutions for issues confronting the function.

Health, Safety, Environment (HSE) and Sustainability

• Supports the institution of an HSE culture and ensures compliance with relevant HSE policies, procedures and controls and applicable legislation and sustainability guidelines across the division in line with international standards, best practices and corporate code of practices to ensure integrity and safety of assets.

Reports

• Provides inputs to prepare progress reports for company management.

Communications & Working Relationships

Internal

• Has daily contact with immediate associates for liaison and cooperation.
• Has regular contact with personnel in operations and technical functions for data gathering and finalization of insurance issues.
• Resolves occasional queries received from operation and technical functions.

External

• None.

Qualifications, Experience, Knowledge & Skills

Minimum Qualification

• Degree in Accounting or Commerce or equivalent from a recognized university.

Minimum Experience & Knowledge & Skills

• Five years' experience in insurance and claim activities in a petroleum or major industrial concern, preferably in the UAE.
• Proficiency in English.
• Computer literacy including ability to use computer terminal, PC input and retrieve data, generate reports using spreadsheets, databases and other software.

Work Condition

Physical Effort

• Minimal.

Work Environment

• Normally air-conditioned office environment.

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.