Treasury Analyst

Gulf Marketing Group (GMG Group); Dubai; On-site; AED 60,000 - 100,000; Full time

Job summary

An established industry player in the well-being sector is seeking a skilled Insurance Manager to oversee comprehensive insurance processes. This role involves managing group medical, property, and liability insurance, ensuring compliance with regulations, and conducting thorough risk assessments. The ideal candidate will possess strong analytical skills and a keen attention to detail, enabling them to navigate complex insurance landscapes effectively. Join a dynamic team that values innovation and excellence, and contribute to the safety and well-being of a diverse range of stakeholders across the region.

Qualifications

• Strong knowledge of insurance policies and claims processes.
• Ability to assess risks and develop effective solutions.

Responsibilities

• Manage all insurance-related processes including claims and policy reviews.
• Conduct risk analysis and ensure compliance with regulations.
• Coordinate with departments for yearly policy renewals.

Skills

Insurance Management

Risk Analysis

Claims Management

Microsoft Office Suite

Communication Skills

Education

Bachelor's Degree in Business or Finance

Insurance Certification

Tools

Insurance Management Software

CRM Platforms

Job description

Who we are:

GMG is a global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, everyday goods, health and beauty, properties and logistics sectors. Under the ownership and management of the Baker family for over 45 years, GMG is a valued partner of choice for the world's most successful and respected brands in the well-being sector. Working across the Middle East, North Africa, and Asia, GMG has introduced more than 120 brands across 12 countries. These include notable home-grown brands such as Sun & Sand Sports, Dropkick, Supercare Pharmacy, Farm Fresh, Klassic, and international brands like Nike, Columbia, Converse, Timberland, Vans, Mama Sita's, and McCain.

What you'll be doing:

This role will be responsible for managing, evaluating, and overseeing all insurance-related processes within the company such as group medical, Property All Risk, Liability, motor fleet, marine and miscellaneous classes. This includes assessing risks, reviewing insurance policies, managing claims, and providing expertise to both internal teams and clients. The role requires a detailed understanding of insurance products, claims processes, regulations, and a strong ability to communicate with various stakeholders.

Job Description:

• Handle the end-to-end insurance requirements of the entire group
• Review all the policies to ensure adequate cover is in place
• Complete risk analysis for all units with recommendation
• Handling yearly policy renewals which involves coordination with various departments to collect the values of stock, property etc.
• Claims management including maintenance of a claim's tracker
• Mitigate any risks which are uninsured and ensure the group is fully insured to abide by the law
• Cost & Risk Analysis of the policies, prior to placement with detailed recommendation to the top management
• Monitor monthly renewals to ensure all policies are renewed in a timely manner
• Conducting quarterly risk analysis of all the sites, warehouses, outlets, offices to ensure all safety precautions are in place
• Reconciling the complete statement of accounts and cascading the same to various groups within the company
• Raising disputes with the insurers for any discrepancies in claims
• Conducting workshops for all employees to explain the benefits covered under their existing medical insurance plan

Functional/Technical Competencies:

• Proficient in Microsoft Office Suite (Excel, Word, PowerPoint) and insurance management software. Familiarity with CRM platforms is an advantage.
• Strong knowledge of insurance policies claims processes, and industry regulations.
• Familiarity with risk management practices. Ability to assess complex situations, identify risks, and develop effective solutions.
• Attention to Detail: High level of accuracy and attention to detail when managing policies, claims, and documentation