Controller, Finance (Insurance)

ADNOC Group; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading company in the UAE is seeking an Insurance Specialist with extensive experience in insurance and risk management. The role involves managing insurance risk coverage, claims handling, and strategic planning. The ideal candidate will have strong negotiation and analytical skills, along with a solid understanding of insurance policies and market trends.

Qualifications

• 10 years of experience in insurance and risk management.
• Proven experience in negotiating and managing insurance policies.

Responsibilities

• Conduct detailed analysis of policy coverage and recommend changes.
• Oversee claims process and liaise with stakeholders for resolution.
• Manage annual insurance budget and optimize financial resources.

Skills

Negotiation

Analytical Skills

Problem-Solving

Communication

Interpersonal Skills

Education

Bachelor’s degree in business administration

Finance

Job description

About The Company

ADNOC Distribution is on a journey to change the retail landscape, delivering tangible actions to facilitate progress in providing sustainable mobility solutions for our customers. We are taking bold and transformative steps to grow our domestic and international footprint for our customers. We are customer-centric, offering digitally enabled journeys and providing innovative products and services to drive accelerated and sustainable development for the future of mobility. ADNOC Distribution markets, sells, and distributes transportation fuel to both retail and commercial customers. We also run non-fuel services at our service stations.

About The Job

Insurance specialist, experience in handling insurance function in large corporates or insurance companies, manage overall Insurance risk coverage, claims management, Risk surveys and resolution, demonstrated leadership qualities and excellent communication skills.

Insurance Policy Management and Negotiation

• Conduct a detailed analysis of policy coverage, indemnity and insurance clauses, policy wording, claims status, and risk management procedures to recommend strategic changes that enhance ADNOC Distribution insurance framework.
• Lead the negotiation and placement of cost-effective insurance policies, ensuring comprehensive coverage that aligns with ADNOC Distribution’s risk profile.
• Review and negotiate insurance contracts and endorsements to ensure compliance with ADNOC Distribution’s policies and standards.
  
  

Claims Handling and Resolution

• Oversee the technical adjustment of claims across different policies, implement robust claims procedures, and coordinate with external stakeholders to expedite claim resolution.
• Manage the insurance claims process and liaise with insurers, brokers, adjusters, and legal advisors to ensure timely and fair settlement of claims.
  
  

Risk Assessment and Management

• Drive the technical evaluation and risk engineering activities, promoting a culture of risk management and ensuring compliance with ADNOC Distribution’s policies and strategies.
• Perform risk assessments with Risk Owners for insurable risks and advise management on the appropriate insurance coverage required.
• Monitor insurance market trends and regulatory changes and assess their impact on ADNOC Distribution’s insurance strategy and operations.
  
  

Budgeting and Financial Management

• Manage the annual insurance budget, liaising with relevant departments to report on actual expenditure and optimize financial resources.
• Prepare and analyze reports and statistics on insurance claims and premiums and identify areas for improvement and optimization.
  
  

Training and Culture Building

• Develop and deliver training programs to instil a strong insurance culture within the team and across other departments.
  
  

Advisory and Strategic Planning

• Provide expert advice on M&A activities from an insurance perspective and manage the insurance program for ADNOC Distribution’s local and international subsidiaries.
• Provide advice and guidance to business units on insurance-related matters and risk mitigation strategies.
  
  

Stakeholder Relationship Management

• Develop and maintain effective relationships with internal and external stakeholders to ensure alignment and coordination of insurance activities.
  
  

Minimum Requirements

• Bachelor’s degree in business administration, Finance, or a related field.
• 10 years of experience in insurance and risk management.
• Proven experience in negotiating and managing insurance policies.
• Experience in claims management and resolution.
• Experience in conducting risk assessments and implementing risk mitigation strategies.
• Strong negotiation skills.
• Excellent analytical and problem-solving skills.
• Strong financial and budgeting skills.
• Excellent communication and interpersonal skills.
• Proficiency in risk assessment and risk management procedures.
• Comprehensive knowledge of insurance market trends and regulatory changes.
• In-depth understanding of policy coverage, indemnity and insurance clauses, and policy wording.
• Knowledge of M&A activities from an insurance perspective
  
  

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