Strategic Insurance & Risk Director

Confidential; Riyadh; Sur place; SAR 600 000 - 900 000; Plein temps

Résumé du poste

Confidential is seeking an Insurance Director to lead the organization’s insurance strategy, risk management framework, and insurance operations, ensuring optimal coverage, cost efficiency, regulatory compliance, and alignment with business objectives.

You will design and implement the insurance program across property, liability, medical, and motor lines; manage brokers and insurers; oversee claims; maintain ERM alignment; develop budgets; and advise senior management on insurance risks and

Qualifications

• Bachelor's degree in Insurance, Risk Management, Finance, Business Administration, or related field.
• Master's degree or professional certifications (CII, CPCU, ARM) preferred.
• Minimum 10-15 years of experience in insurance or risk management, with at least 5 years in a leadership role.

Responsabilités

• Develop and implement the organization's insurance and risk management strategy.
• Lead the insurance function, setting goals, KPIs, and performance standards.
• Advise executive management on insurance-related risks and opportunities.
• Design, negotiate, and manage all corporate insurance policies (e.g., property, liability, medical, motor, etc.).
• Evaluate coverage needs and ensure adequate protection against potential risks.
• Manage relationships with insurance brokers, insurers, and service providers.
• Identify, assess, and mitigate organizational risks through effective insurance solutions.
• Conduct periodic risk assessments and recommend improvements.
• Ensure alignment with enterprise risk management (ERM) practices.
• Oversee the claims process to ensure timely and cost-effective settlements.
• Review major claims and provide strategic direction.
• Analyze claims data to identify trends and reduce future exposure.
• Ensure compliance with local insurance regulations and corporate governance standards.
• Maintain proper documentation and audit readiness.
• Liaise with regulatory authorities when required.
• Develop and manage the insurance budget.
• Monitor premiums, claims costs, and cost-saving opportunities.
• Provide financial analysis and reporting to senior management.
• Collaborate with internal departments (HR, Legal, Finance, Operations).
• Provide insurance guidance for contracts, projects, and new initiatives.
• Support business continuity and crisis management planning.

Connaissances

Leadership

Strategic thinking

Negotiation

Vendor management

Risk assessment

Analytical skills

Communication

Formation

Bachelor's degree in Insurance, Risk Management, Finance, Business Administration, or related field

Master's degree or professional certifications (CII, CPCU, ARM) preferred

Description du poste

Confidential is seeking an Insurance Director to lead the organization’s insurance strategy, risk management framework, and insurance operations, ensuring optimal coverage, cost efficiency, regulatory compliance, and alignment with business objectives.

You will design and implement the insurance program across property, liability, medical, and motor lines; manage brokers and insurers; oversee claims; maintain ERM alignment; develop budgets; and advise senior management on insurance risks and