Insurance Risk Engineer UK / Saudi / Dubai

JR United Kingdom; Southampton; On-site; GBP 100,000 - 140,000; Full time

Job summary

A leading recruitment firm seeks an Insurance Risk Engineer for a six-figure salary opportunity across UK, Dubai, and Saudi Arabia. The role involves developing risk mitigation strategies, managing insurance placements, and mentoring staff while leveraging extensive industry experience in oil and gas or petrochemicals.

Qualifications

• 15 years of experience in the oil & gas or petrochemical industry.
• Strong background in corporate risk and insurance.
• Expertise in energy and petrochemical sectors preferred.

Responsibilities

• Develop strategies to mitigate or transfer risk.
• Analyze, critique, and draft insurance-related contract provisions.
• Negotiate and implement insurance and reinsurance placement structures.

Skills

Risk analysis

Contract negotiation

Insurance policy development

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, Southampton

Client: Kintec Global Recruitment

Location: Southampton, United Kingdom

Job Category: Other

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EU work permit required: Yes

Job Views: 4

Posted: 31.05.2025

Expiry Date: 15.07.2025

Job Description:

Six-figure salary opportunity in UK / Dubai / 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 from industry, international broking, risk management, or insurance company backgrounds, ideally with experience in the energy and petrochemical sectors.