Vice President – Insurance

Job Purpose

• Efficient operation of the insurance function to promptly and professionally support stakeholders within ALDAR group inline with the planned growth. • The position requires independently assessing the risk, devise and implement risk transfer strategies through contracts and insurance solutions as per delegation.

Roles and Responsibilities

• Assist in devising insurances renewal strategies for optimization and implement as advised.

• Liaise internally and externally for the insurances program cycle; strategy, data collection, collation, issuance, seeking terms, finalization and documentation.

• Manage claims cycle in terms of recording, advice, follow up and closure.

• Advice on budgets and manage premium payment.

• Conduct Risk assessment and independently set indemnity limits in contracts as per Aldar’s internal guidelines.

• Independently Review, Negotiate and draft Indemnity Causes in contracts throughout its cycle.

• Advice during end-end contract cycle; tendering to closure towards advice, negotiation, resolution of issues and conformance of contractual obligations.

• Advice businesses on insurance queries across functions and closure thereof.

• Liaise and manage internal and external stakeholders including internal entities, brokers, insurers, loss adjuster and surveyors.

Years of Experience / Qualifications / Skills

- Min of 10+ years of insurance experience, with 3+ years with a broker, insurance company, a real estate or sizeable company preferably in the MENA region. - Min of 4+ years of managerial experience. - Major general insurance lines experience especially property and liability. - Bachelor’s degree in finance, accounting, business, law or equivalent. - Professional insurance certification (ACII or CPCU or equivalent). - Comprehensive understanding of risk assessment and quantification. - Hands on experience of managing different general lines of insurance. - Adequate knowledge of contract law and indemnity provisions. - Strong independent working and prudent decision-making skills. - Strong ability to lead, negotiate, resolve and close issues.