Head Insurance

IFFCOTECH Limited FZC; Dubai; On-site; AED 900,000 - 1,500,000; Full time

Job summary

IFFCO Group seeks a senior insurance and risk management leader to provide overarching risk strategy, improve risk profiles, and manage a high-value insurance portfolio. You will drive cost-effective transfer/retention strategies, oversee timely claims settlement, and guide business units through risk awareness initiatives.

The role demands strong leadership, strategic thinking, and the ability to build robust relationships with insurers and surveyors across the Group.

Qualifications

• 12+ years of experience in risk management with an insurance portfolio of over $1 billion.
• 5+ years in-charge independently handling insurance portfolios.
• Masters/Diploma/CII Fellowship as listed in qualifications.

Responsibilities

• Provide optimum insurance and risk management to the IFFCO Group.
• Develop cost effective risk transfer/retention strategies for all units.
• Ensure timely claims settlement and claims management support.
• Lead and develop BUs with risk awareness and mitigation efforts.
• Build relationships with insurers, intermediaries and surveyors.
• Drive team performance and capability for risk management.

Skills

Risk management

Leadership

Team management

Claims management

Strategic thinking

Decision making

Education

Masters in Management

Diploma in Insurance & Risk Management

CII Fellowship or equivalent

Job description

Provide optimum insurance and risk management to entire Group for applicable risks. Develop cost effective risk transfer/retention strategy.Ensure timely claims settlement. Develop risk awareness and mitigation in Group.

• Provide insurance and Risk Management support to IFFCO Group companies after proper understanding and analysis of applicable risks.
• Evaluate innovative and cost-effective solutions. Keep abreast of latest insurance industry trends/developments.
• Develop/define a cost-effective risk transfer/retention strategy covering all operating units of IFFCO Group.
• Provide leadership and operational support to BUs for timely claims registration and management of claim settlement process.
• Develop top level effective relationship with insurers, intermediaries and surveyors.
• Develop risk awareness and mitigation in BUs. Help BUs in improving risk profile through periodic internal/external surveys of each BU, seminars and guidance notes.
• Build an effective, efficient and motivated team

KPIs

• Risk mitigation: improving risk profiles of BUs.
• R isk transfer and retention strategy.
• Claims management.
• I nsurance and risk guidance.
• Team building.

Work Experience Requirement

12+ years of experience including 5 years as In-charge independently handling insurance portfolio of over $1 billion in reputed insurance companies/industry.

Qualification

• Masters degree in Management/Diploma in Insurance and Risk Management.
• FellowshipofChartered Insurance Institute, UK or similar.

Claims Management

Insurance Industry Developments

Insurance Policy Clauses

Knowledge of Leading Market Practices

Self and Team Management

Strategic Thinking

Ownership & Result Orientation

Planning & Decision Making

Change Management

Business Unit: Corporate-Finance DMCC (5350)