Finance & Insurance Officer

Black Pearl; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading financial services company in Dubai seeks a dedicated Finance Officer to manage insurance portfolios, coordinate trade finance, and maintain relationships with banks. The ideal candidate should have experience in risk management and be well-versed in handling general insurance policies. Responsibilities include negotiating terms with insurance brokers and managing official correspondence. Competitive salary and benefits are offered.

Qualifications

• Experience in risk management and insurance coordination.
• Familiarity with trade finance activities.
• Ability to maintain effective relationships with banks and insurance vendors.

Responsibilities

• Manage and maintain all General Insurance policies.
• Coordinate insurance claims and negotiate with brokers.
• Open import letters of credit and handle bank correspondence.

Job description

Overview

We are seeking a dedicated Finance Officer to join our team, focusing on risk management, insurance coordination, and trade finance activities. The ideal candidate will have experience working in a large organization, managing general insurance policies, handling trade finance requirements, and maintaining effective relationships with banks and insurance vendors.

Key Responsibilities

• Manage and maintain all General Insurance policies, including Property All Risk, Marine, Motor Fleet, and others.
• Liaise with insurance companies to ensure compliance with Trade and General Insurance requirements.
• Coordinate with the Projects team on erection insurance and integrate completed projects into general insurance coverage.
• Negotiate with insurance brokers to renew all insurance policies before expiry, securing the best possible terms and rates.
• Initiate and manage insurance claims in coordination with relevant departments until settlement.
• Assess risk activities and recommend or arrange appropriate new insurance policies.
• Handle the opening of import LCs as required and ensure timely release of import documents from banks, handing them over to the Supply Chain team.
• Maintain strong relationships with banks and financial institutions, providing necessary documentation and updated KYC details.
• Manage official correspondence with banks and other entities via calls and emails concerning both organizational and staff matters.
• Provide essential information to internal and external auditors to ensure smooth audit processes.
• Prepare Bank Reconciliation Statements and support financial reporting requirements.