Summary
Power International Holding is seeking an Insurance Manager for its operations in Qatar. The role manages insurance requirements across business units, assesses risks and coverage, oversees policy administration and renewals, and coordinates claims with insurers and loss adjusters. It also maintains loss records and prepares annual analysis reports. Applicants need a relevant bachelor's degree, at least eight years of work experience including five years in a relevant role, and knowledge of insurance markets; ACII or FCII certifications and SAP experience are requested.
The posting
As published on powerholding-intl.com. Pulled from the employer's site and shown as they wrote it.
Job Summary
The Insurance manager oversees programs to minimize risks and losses that might arise from financial transactions and business operations undertaken by the organization. Directs and manages the implementation of policy administration and ensures proper documentation of all related mandatory documents, policies and other transactions.
Job Responsibilities 1
Manage daily insurance requirements of all business unites of the Company following the set policies and procedures for the insurance department, following best practices of insurance management.
Conduct risk assessment and ensure assets are insured, data are analyzed and used for continuous improvement and optimization to maximize insurance coverage and maintain feasible insurance cost.
Manages the implementation of the Insurance Operations (Commercial Risks) objectives, providing leadership and facilitating work processes to achieve high performance standards.
Ensures adherence to the guidelines and effectively managing all underwriting requirements.
Carry out annual renewal of insurance policies as per defined policies, procedures, and processes.
Conduct daily policy administration (additions, deletions of assets or changes in risk which may require an amendment of insurance cover)
Manage claims reporting and settlements with insurance companies and loss adjusters.
Prepare and maintain loss details reports, loss ratio records and submit an annual analysis report
Job Knowledge & Skills
Professional insurance certifications such as ACII and FCII
Solid foundation knowledge of insurance claims processing, insurance procurement and local markets
Understanding of the geopolitical developments within the region an advantage.
Knowledge of all related laws, legal codes, court procedures, precedents, government regulations, executive orders
Experience of dealing with a broad range of wider insurance markets, underwriters and claims managers within insurance companies
General knowledge of industry products, regulations and development
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Job Experience
Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus
Competencies
Agility
AI Fluency
Build High-Performing Teams
Provide Direction
Insurance Knowledge L3
Insurance Claim Processing L3
Insurance Verification L3
Healthcare Billing and Insurance Verification L3
Insurance Standards/Proc/Law/Regulations L3
Resilience
Quality_321977507
Leadership_321977503
Education
Bachelor's Degree in Finance, Accounting, Economics, Pubic Administration or business administration, and other related field