Vice President - Property Insurance

AlFuttaim; Dubai; On-site; AED 446,000 - 670,000; Full time

Job summary

Al-Futtaim seeks a Vice President - Property Insurance in Dubai to lead profitable growth, underwriting governance, broker development, and portfolio performance. The role shapes risk, pricing, and reinsurance strategy while aligning with Al-Futtaim's commercial objectives.

The ideal candidate has 8–12 years in insurance with senior management experience and a strong background in property underwriting, risk management, and client relationships.

Qualifications

• Bachelor-level degree in a relevant discipline is required.
• Professional insurance qualification (CII) is desirable.
• 8–12 years in insurance with senior managerial experience.

Responsibilities

• Grow profitable property insurance business and strengthen market presence.
• Lead broker relationships, intermediaries and corporate clients.
• Oversee underwriting quality, pricing, and risk selection.
• Manage reinsurance strategy and portfolio profitability.
• Monitor portfolio performance and report to senior leadership.

Skills

Property insurance

General insurance

Property underwriting

Reinsurance

Risk management

Portfolio profitability

Renewal retention

Broker relationship management

Corporate client management

Education

Bachelor's degree in Commerce, Science, Arts, Business Administration

Chartered Insurance Institute qualification (desirable)

Job description

Vice President - Property Insurance Job Snapshot

Role: Vice President - Property Insurance
Location: Dubai, United Arab Emirates
Industry: Insurance
Function: Business Unit Management
Experience: 8-12 years
Job Type: Full-time

Position Overview

Vice President - Property Insurance in Dubai, United Arab Emirates is an Insurance leadership opportunity within Al-Futtaim focused on profitable property insurance growth, underwriting governance, reinsurance strategy, broker development, risk assessment, and portfolio performance. The position requires an accomplished insurance professional who can expand premium income, retain valuable renewal business, strengthen distribution relationships, and maintain disciplined risk selection while supporting Al-Futtaim 's commercial objectives.

Job Details

Country: United Arab Emirates
City: Dubai
Industry: Insurance
Function: Business Unit Management
Salary: 40000-60000
Estimated salary range based on similar jobs in the job city; please confirm the final offer with the employer.
Gender: Any
Candidate Nationality: Any
Job Type: Full-time

Role Context

The Vice President - Property Insurance combines senior business development responsibility with technical oversight of property insurance risk. The position manages relationships with brokers, intermediaries, corporate clients, and internal business channels while ensuring that new and renewal business contributes positively to portfolio profitability. Its decisions directly influence premium growth, underwriting quality, reinsurance protection, customer retention, collections, and long-term insurance performance.

Key Responsibilities

• Develop and execute strategies to grow profitable property insurance business and strengthen market presence.
• Generate new opportunities through brokers, intermediaries, corporate relationships, and internal development channels.
• Protect renewal income by maintaining strong relationships with existing clients and addressing commercial requirements proactively.
• Establish business development plans aligned with premium production, profitability, and portfolio objectives.
• Monitor portfolio performance and identify opportunities to improve pricing, business mix, retention, and underwriting results.
• Build productive relationships with brokers and clients to increase quality business flow and customer satisfaction.
• Lead negotiations for significant property insurance placements while maintaining appropriate commercial and technical discipline.
• Ensure property risks are underwritten according to approved guidelines, authority levels, and risk acceptance standards.
• Analyze exposure information, claims experience, market intelligence, and risk characteristics before making underwriting decisions.
• Determine suitable premiums, policy terms, conditions, and coverage structures for individual risks.
• Arrange appropriate reinsurance support and allocate reinsurance cessions according to established requirements.
• Seek favorable reinsurance arrangements for major or complex property exposures.
• Ensure risk inspections are completed when required to assess insurability and identify material hazards.
• Review inspection findings and recommend suitable risk improvement measures.
• Monitor outstanding premiums and coordinate collection activity to reduce overdue balances.
• Verify policy documentation for completeness and accuracy before release to relevant parties.
• Coordinate with brokers, clients, development teams, reinsurers, and other insurers to obtain information required for effective risk assessment.
• Track market conditions, competitor activity, pricing developments, and emerging insurance opportunities.
• Prepare management reports covering premium production, profitability, portfolio risks, competition, and market developments.
• Provide senior leadership with recommendations that support informed commercial and underwriting decisions.
• Develop team capability and reinforce strong standards in underwriting, customer service, risk management, and execution.

Ideal Profile

• Bachelor 's degree in Commerce, Science, Arts, Business Administration, or a relevant discipline.
• Associate of the Chartered Insurance Institute, London, or an equivalent professional insurance qualification is desirable.
• 8-12 years of progressive insurance industry experience.
• Minimum 5 years of experience in a senior managerial position.
• Extensive knowledge of general insurance with particular expertise in Property Insurance.
• Strong understanding of property underwriting, claims, and reinsurance.
• Proven record of generating new insurance business and retaining profitable renewal accounts.
• Experience managing premium targets and improving portfolio profitability.
• Strong relationships with brokers, intermediaries, and corporate insurance clients.
• Ability to assess complex property exposures and make commercially balanced underwriting decisions.
• Knowledge of property risk inspections and risk improvement requirements.
• Practical understanding of reinsurance arrangements and cession principles.
• Strong financial and analytical skills for evaluating pricing, claims experience, and portfolio performance.
• Confident negotiation and influencing capability.
• Strong interpersonal, communication, and executive presentation skills.

Skills Set

• Property insurance
• General insurance
• Property underwriting
• Commercial underwriting
• Reinsurance
• Reinsurance cessions
• Risk management
• Property risk assessment
• Risk inspection
• Insurance pricing
• Premium calculation
• Portfolio profitability
• Premium generation
• Renewal retention
• Insurance business development
• Broker relationship management
• Corporate client management
• Claims knowledge
• Policy administration
• Premium collection
• Market intelligence
• Competitor analysis
• Insurance portfolio management
• Distribution development
• Commercial negotiation
• Management reporting
• Team leadership
• Customer relationship management
• Risk improvement
• Profitability management

Why Join Us

This senior position provides the opportunity to influence the growth and technical performance of property insurance activities within Al-Futtaim 's diversified regional business environment. The role offers substantial responsibility across premium generation, major client and broker relationships, underwriting decisions, reinsurance arrangements, and portfolio profitability. It provides an experienced insurance leader with scope to strengthen market presence while building sustainable and professionally managed business.

About the Company

Al-Futtaim Group is one of the region 's established privately held diversified businesses, headquartered in Dubai, United Arab Emirates. The group employs more than 35000 people across over 20 countries and operates through automotive, financial services, real estate, retail, and healthcare divisions. With partnerships spanning more than 200 international brands, Al-Futtaim combines long-standing regional experience with continued investment in customer service, operational excellence, and sustainable business growth.