Insurance Risk Engineer UK / Saudi / Dubai

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

Job summary

A leading recruitment agency is seeking an Insurance Risk Engineer for a role based in Preston, UK with a focus on the oil and gas sector. The successful candidate will leverage extensive risk management experience to develop insurance strategies across multiple regions, including the UK, Saudi Arabia, and Dubai. This six-figure salary role requires a deep understanding of risk allocation and insurance policies, alongside proven leadership abilities.

Qualifications

• 15 years of experience in oil & gas or petrochemical industry.
• Relevant corporate risk and insurance expertise.
• Preferred experience with captive insurance companies.

Responsibilities

• Develop strategies to mitigate or transfer risk.
• Negotiate and administer insurance and reinsurance placement structures.
• Mentor and develop staff.

Skills

Risk analysis

Negotiation

Risk management

Contract drafting

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, Preston, Lancashire

Client: Kintec Global Recruitment

Location: Preston, Lancashire, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views: 4

Posted: 31.05.2025

Expiry Date: 15.07.2025

Job Description:

This position offers a six-figure salary opportunity across UK, Dubai, and 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 other related contract provisions.
• Negotiate, implement, and administer insurance and reinsurance placement structures, including the optimal use of captive or alternative finance and transfer 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 interests of the division at internal and external meetings and assignments.

Candidate Requirements

• Bachelor's or Master's degree, preferably 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 the energy and petrochemical sectors, obtained from industry, international broking, risk management, or insurance companies.