Insurance Risk Engineer UK / Saudi / Dubai

JR United Kingdom; Leicester; On-site; GBP 100,000 - 150,000; Full time

Job summary

A leading recruitment firm is seeking an experienced Insurance Risk Engineer to manage risk in oil & gas and petrochemical industries across the UK, Saudi Arabia, and Dubai. The role involves developing risk strategies, negotiating insurance placements, and mentoring junior staff, with a competitive six-figure salary package offered.

Qualifications

• 15 years of experience in oil & gas or petrochemical industry.
• Relevant corporate risk and insurance expertise.
• Experience in energy and petrochemical sectors.

Responsibilities

• Apply working knowledge of captive insurance companies.
• Develop strategies to mitigate or transfer risk.
• Negotiate and administer insurance and reinsurance placement structures.

Skills

Risk management

Negotiation

Analysis

Mentoring

Education

Bachelor's or Master's degree in insurance or risk management

Professional certifications (ACII, CMIRM, SIRM, CPCU)

Job description

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Insurance Risk Engineer UK / Saudi / Dubai, Leicester

Client: Kintec Global Recruitment

Location: Leicester, UK / Dubai / Saudi Arabia

Job Category: Other

EU work permit required: Yes

Job Views: 26

Posted: 27.06.2025

Expiry Date: 11.08.2025

Job Description:

This role offers a six-figure salary package. The position involves working in the UK, Dubai, or Saudi Arabia, focusing on insurance risk management within the oil & gas, petrochemical industries.

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 the implementation of 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, ideally with experience in energy and petrochemical sectors, obtained from industry, international broking, risk management, or insurance companies.