Finance Insurance Officer

Black Pearl Consult; Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player is looking for a dedicated Finance Officer to enhance their risk management and trade finance operations. This role involves managing general insurance policies, liaising with banks and insurance vendors, and ensuring compliance with trade requirements. The ideal candidate will have a strong background in finance, exceptional negotiation skills, and the ability to maintain effective relationships with various stakeholders. Join a dynamic team where your expertise will contribute to the smooth operation of financial processes and risk management strategies within a large organization.

Qualifications

• 2-3 years of experience in risk management and trade finance.
• Bachelor's degree in Commerce or CA/CMA Inter qualification.

Responsibilities

• Manage General Insurance policies and liaise with insurance companies.
• Coordinate with Projects team on insurance coverage for completed projects.
• Initiate and manage insurance claims until settlement.

Skills

Risk Management

Trade Finance

Relationship Management

Negotiation Skills

Insurance Coordination

Communication Skills

Education

Bachelor's degree in Commerce

CA Inter

CMA Inter

Tools

MS Excel

ERP Systems (SAP)

Job description

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.