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Job Description
Duties & Responsibilities include but not limited to the following:
- Assist in the renewal process of the Group insurance policies, all lines including but not limited to General lines, Motor, Medical & Life, special contingencies…etc.
- Notify and alert insurers prior to each renewal and request the necessary data (policy performance, loss ratio, renewal terms)
- Notify units to prepare the renewal data sheet including any alteration in values, assets, business activities, property…etc.).
- Assist business units in the collection, update, and submission of renewal data.
- Review submitted data and highlight major changes that require queries and clarifications.
- Maintain efficient communication with all business units to assist in insurance and claims requirements and needs.
- Assist in the issuance of periodic and annual departmental report as requested and guided by the Director of Insurance and Risk Management.
- Communicate the updated data sheet to insurers and follow-up on the submission of renewal terms.
- Review renewal terms and report any changes in terms of coverage, clauses, exclusions, limits, deductible, or premiums and rates.
- Assist in the arrangement of any new insurance requirements.
- Assist in identification of new operation risks in various business units and suggest any insurance upgrade/amendments in the existing policies, or new type of coverage.
- Update periodically and whenever necessary, the Group Insurance universe (register).
- Maintain and organize the shared insurance folder and ensure all policies and endorsements are updated and collected on time and lodged in the company’s record.
- Maintain claim/loss record for each unit, insurance line wise.
- Follow-up on the Risk Improvement Recommendations’ recommended internally from the department, as well as from insurers.
- Assist in the arrangement of new insurance policies for new project and acquisitions.
- Assist in organizing periodic insurance guidance and induction programs to business units.
- Assist in organizing risk management and insurance workshops.
- Any other tasks as instructed by the Line Manager
Skills
Knowledge of insurance products and the overall investment process:
- Comprehensive knowledge of Insurance + investment management + current market / economic / financial trends and analyses At least 3-5 years’ experience in selling life Insurance products in the UAE Wealth management experience, with sales and products background. Familiar with financial planning concepts
Skills:
- Good interpersonal and communication skills Exhibit strong interpersonal skills and be a good team player Strong analytical/problem solving skills/quantitative skills Excellent presentation and computer skills Excellent verbal and written communication skills in English – good verbal communication in Arabic would be an advantage but is not essential to this role.
Qualifications:
- MBA or Business Degree holder Relevant certificates Insurance related are preferred. Competencies: Good team player with ability to manage teams, influencing and convincing people. Proven track record of developing and building client relationships Highly customer oriented Positive/can-do attitude. Highly motivated and results-oriented team player. Strong attention to detail
Job Details
- Job Location
- Dubai, United Arab Emirates
- Company Industry
- Corporate Management Office
- Company Type
- Employer (Private Sector)
- Job Role
- Finance and Investment
- Employment Type
- Full Time Employee
- Monthly Salary Range
- $1,500 – $2,000
- Number of Vacancies
- 2
Preferred Candidate
- Years of Experience
- Min: 3 Max: 7
- Residence Location
- United Arab Emirates
