Insurance Risk Engineer UK / Saudi / Dubai

JR United Kingdom; Newcastle upon Tyne; On-site; GBP 100,000 - 150,000; Full time

Job summary

A leading global recruitment firm seeks an Insurance Risk Engineer for its operations in the UK, Dubai, or Saudi Arabia. The ideal candidate will have a strong background in corporate risk and insurance management, specifically in the energy and petrochemical sectors, along with significant experience and relevant qualifications. This role offers a generous six-figure salary package and allows for career growth through mentoring and development opportunities.

Qualifications

• 15 years of experience in oil & gas or petrochemical sectors.
• Expertise in corporate risk and insurance from industry experience.

Responsibilities

• Develop strategies to mitigate or transfer risk.
• Negotiate and administer insurance and reinsurance structures.
• Manage activities with brokers and insurers.

Skills

Risk Analysis

Risk Management

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, Newcastle-upon-Tyne, Tyne and Wear

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Client:

Kintec Global Recruitment

Location:

Newcastle-upon-Tyne, Tyne and Wear, United Kingdom

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

7

Posted:

06.06.2025

Expiry Date:

21.07.2025

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Job Description:

This role offers a six-figure salary package.

The position is based in the 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 and transfer mechanisms.
• Develop and advise on risk and insurance policies and procedures.
• Manage and coordinate activities with brokers, insurers, consultants, and 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.

Qualifications and experience required:

• 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.
• At least 15 years of experience in the oil & gas, petrochemical industry, or a major corporate organization.
• Relevant expertise in corporate risk and insurance, obtained from industry, international broking, risk management, or insurance companies, ideally with experience in the energy and petrochemical sectors.