Senior Specialist – Insurance Management

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

Be the change. Join the world’s most visionary developer.

Red Sea Global (RSG) is showing that there is a better way to positively shape the places we live, work and travel.

We are purpose-driven and committed to people and planet. Our transformative programs are a driving force to achieving Vision 2030, as well as leading the world towards regenerative tourism.

Join RSG and be part of the positive change for Saudi Arabia and the world.

Job Purpose:

Implement Lead group-wide insurance and risk-transfer programs, securing comprehensive and cost-effective protection for RSG assets, projects, operations, and liabilities.

Job Responsibilities:

Core 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

Self-Management Responsibilities

• Execute agreed objectives by planning assigned work, tracking progress, and updating the reporting manager on achievements and risks.
• Maintain a development plan and build required technical and behavioral capabilities.
• Apply feedback to improve the quality, accuracy, and efficiency of assigned work.
• Maintain current knowledge of relevant professional standards, systems, and industry practices.
• Collaborate effectively with colleagues and stakeholders and manage priorities to meet deadlines.
• Demonstrate accountability, comply with RSG policies, and elevate issues promptly.

Job Requirements:

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

Skills:

Demonstrated proficiency in oral and written English. Financial analysis and control. Enterprise resource planning and reporting systems. Data interpretation and problem-solving. Stakeholder management and cross-functional collaboration. Documentation, governance, and process discipline.