Finance Insurance Officer

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.

Requirements:

To be considered for this role you need to meet the following criteria:

• Bachelor's degree in Commerce CA Inter or CMA Inter qualification.
• 2-3 years of relevant experience in risk management and trade finance within a large organization.
• Proficiency in MS Excel and ERP systems particularly SAP.
• Fluency in English; knowledge of Arabic is an added advantage.
• Experience dealing with banks and insurance vendors.