Insurance Risk Engineer UK / Saudi / Dubai

JR United Kingdom; Cheltenham; On-site; GBP 100,000 - 130,000; Full time

Job summary

A leading company is seeking an Insurance Risk Engineer for positions in the UK, Dubai, or Saudi Arabia. The role involves developing risk management strategies and overseeing insurance negotiations in the oil and gas sector. Ideal candidates will possess extensive experience and relevant qualifications to manage complex insurance frameworks effectively.

Qualifications

• 15 years of experience in the oil & gas/petrochemical industry or major corporate organization.
• Relevant corporate risk and insurance expertise.
• Expertise in energy and petrochemical sectors.

Responsibilities

• Apply knowledge of captive insurance and develop strategies to mitigate risk.
• Analyze and draft insurance contracts and negotiate claims.
• Mentor staff and represent the division in meetings.

Skills

Risk Management

Insurance Analysis

Negotiation

Mentoring

Education

Bachelor's or Master's in Insurance or Risk Management

Professional certifications (ACII, CMIRM, SIRM, CPCU)

Job description

Social network you want to login/join with:

Insurance Risk Engineer UK / Saudi / Dubai, Cheltenham

Client:

Kintec Global Recruitment

Location:

Cheltenham, UK

Job Category:

Other

-

EU work permit required:

Yes

Job Views:

7

Posted:

06.06.2025

Expiry Date:

21.07.2025

Job Description:

This role offers a six-figure salary and is based in UK, Dubai, or Saudi Arabia.

Key Responsibilities

• Apply working knowledge of captive insurance companies.
• Develop strategies to mitigate or transfer risk.
• Analyze, critique, and draft risk allocation, indemnity, insurance, and related contract provisions.
• Negotiate, implement, and administer insurance and reinsurance placement structures, including the use of captive or alternative finance mechanisms.
• Develop and advise on risk and insurance policies and procedures.
• Manage and coordinate activities with brokers, insurers, consultants, and other service providers, including risk engineering and asset appraisals; negotiate claims and pursue recovery from third parties.
• Mentor and develop staff.
• Represent the division at internal and external meetings and assignments.

Candidate Requirements

• Bachelor's or Master's degree in insurance or risk management from a recognized program. Professional certifications such as ACII, CMIRM, SIRM, or CPCU are preferred.
• 15 years of experience in the oil & gas, petrochemical industry, or a major corporate organization.
• Relevant corporate risk and insurance expertise, preferably with experience in energy and petrochemical sectors, obtained from industry, international broking, risk management, or insurance companies.