Insurance Manager

Damac Properties; Dubai; On-site; AED 350,000 - 600,000; Full time

Job summary

Damac Properties in the United Arab Emirates is seeking a Manager - Insurance to lead and optimize the group’s insurance strategy across UAE, OpCo and international units. This role requires deep knowledge of risk management, property and casualty coverages, and strong industry relationships.

You will develop programs, negotiate with brokers, oversee claims, ensure regulatory compliance, and work with finance, legal, and operations to secure comprehensive coverage for asset-heavy holdings,

Qualifications

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field.
• Professional certifications CPCU, ARM, or CIC demonstrate advanced risk knowledge.
• Minimum 10 years in insurance management, with at least 5 years in a leadership role.
• Extensive industry relations and experience in asset-heavy industries.
• Knowledge of insurance regulations and compliance requirements.

Responsibilities

• Develop, implement, and manage comprehensive insurance programs to protect assets.
• Negotiate terms and premiums with brokers, carriers, and underwriters.
• Conduct risk assessments for existing operations and new projects.
• Oversee the claims process and liaison with carriers and adjusters.
• Ensure regulatory compliance and prepare reports for senior leadership.

Skills

Industry relations

Insurance strategy

Risk management

Communication skills

Stakeholder collaboration

Education

Bachelor's degree in Finance

CPCU

ARM

CIC

Job description

The Manager - Insurance will be responsible for managing and optimizing the company’s insurance strategy, policies, and programs across all jurisdictions. This role requires extensive industry relations, experience in asset-heavy industries, and preferably previous experience in the data center industry. The position will act as the central coordinator for the UAE, OpCo, and International business.

Key Responsibilities:

Insurance Program Management:

• Develop, implement, and manage comprehensive insurance programs to protect the organization’s assets and mitigate risks.
• Evaluate and recommend appropriate coverage options, including property, liability, business interruption, and specialty insurance.

Industry Relations:

• Leverage existing industry relationships to negotiate favorable terms and premiums with brokers, carriers, and underwriters.
• Stay updated on industry trends, regulations, and emerging risks to ensure alignment with best practices.

Risk Assessment and Analysis:

• Conduct risk assessments for existing and new operations, projects, and assets.
• Collaborate with internal stakeholders to identify and mitigate potential risks, ensuring alignment with corporate objectives.

Claims Management:

• Oversee the claims process, ensuring timely and accurate filing, negotiation, and resolution.
• Serve as the primary point of contact for insurance carriers and adjusters.

Compliance and Reporting:

• Ensure compliance with regulatory and contractual insurance requirements.
• Prepare and present reports on insurance coverage, claims, and risk mitigation strategies to senior leadership.
• Work closely with various departments, including finance, legal, and operations, to ensure comprehensive insurance coverage and risk management.

Qualifications:

• Extensive industry relations and experience in asset-heavy industries.
• Previous experience in the data center industry is an added advantage.
• Strong background in insurance strategy, risk management, and policy development.
• Proven ability to manage insurance programs and claims processes.
• Excellent communication and interpersonal skills.

Specific Qualifications/Certifications:

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field.
• Professional certifications such as Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), or Certified Insurance Counselor (CIC).
• Minimum of 10 years of experience in insurance management, with at least 5 years in a management role.
• In-depth knowledge of insurance regulations and compliance requirements.
• Strategic thinking with a focus on long-term risk mitigation.
• Ability to work collaboratively across functions and levels.
• Adaptability to a fast-paced and evolving business environment.
• High attention to detail and organizational skills.