Senior Insurance & Risk Strategy Lead

Red Sea Global; Riyadh; On-site; SAR 300,000 - 420,000; Full time

Job summary

Red Sea Global is seeking a Lead Insurance professional to implement and manage our group-wide insurance program, protecting assets, projects, and operations in line with Vision 2030. The role focuses on risk transfer, coverage optimization, and regulatory compliance.

You will coordinate with brokers, insurers, and lenders, oversee budgets and cost of risk, and ensure governance across construction, operations, and corporate activities.

Qualifications

• Bachelor's degree in Insurance, Risk Management, Finance, or a related field.
• Minimum 4 years of relevant experience.

Responsibilities

• Implement and maintain the group insurance framework across construction, operational, and corporate risks.
• Implement placement, negotiation, renewal, and optimization of insurance coverage.
• Implement broker, insurer, loss-adjuster, and valuation relationships.
• Implement insurance requirements for contracts, projects, financing, acquisitions, and joint ventures.
• Implement claims from notification through assessment, recovery, and closure.
• Implement insured values, exposures, counterparty compliance, and lender requirements.
• Implement insurance budgets, premium allocations, recharges, and total cost of risk.
• Implement insurance performance, claims trends, coverage adequacy, and emerging risks

Skills

English proficiency

Financial analysis

ERP systems

Data interpretation

Stakeholder management

Governance

Education

Bachelor's degree in Insurance/Risk Management/Finance

Master's degree preferred

Job description

Red Sea Global is seeking a Lead Insurance professional to implement and manage our group-wide insurance program, protecting assets, projects, and operations in line with Vision 2030. The role focuses on risk transfer, coverage optimization, and regulatory compliance.

You will coordinate with brokers, insurers, and lenders, oversee budgets and cost of risk, and ensure governance across construction, operations, and corporate activities.