Job Category/Tittle: Insurance Co. Staff
Marine Insurance Officer
Manage all the insurance program of NMDC existing insurance policies which covers both local and international projects insurance policies.
Negotiate insurance terms with insurance providers to obtain the best insurance coverage at the reasonable price as well as introduction of new useful coverage keeping in mind NMDC’s projects expansion at international level.
Study insurance proposals before tendering all insurance policies and preparing bid analysis.
Liaise with claims issues specifically P & I (protection & indemnity) cases and follow up settlement of claims related matter.
Interpret and advice claims adjustors of marine insurance policy.
Ensuring the offered premium is competitive.
Negotiating with brokers and drawing up contracts
Review the current insurance contracts / sub contracts to ensure that NMDC interest is adequately protected.
Review and assess background information in order to effectively assess the risk involved.
Keeping detailed and accurate records of policies underwritten and decisions made.
Computing results for appropriate premiums using actuarial information, other statistics and own judgement;
Maintain files and documentation thoroughly and accurately, in accordance with company policy and accepted practices.
In many annual policies have introduced profit sharing clause i.e. in case the accounts is making profit NMDC is entitled to recover part of the premium paid to the insurance company.
Comply with Company’s Safety & Environmental policy and motivating other team towards its observance.
Take a lead role in promoting safe practices and implementation of health and safety policies.
At all times carrying out responsibilities within the framework of NMDC’s policy.
This is a generalist view of a Job that you have been assigned for – at times you will be ask to do above/beyond the scope of this role due to Operational requirements.
Educational Qualifications & Certifications:
Bachelor Degree in Marine Insurance/Marine Transport or equivalent.
CII (Chartered Insurance Institute), ACII (associated membership of CII) CeRGI (Certificate in Regulated General Insurance) or any additional certifications are beneficial.
Function specific experience:
Thorough knowledge & understand the nature of risk and its application.
Excellent knowledge and experience in marine – Hull & Machinery & other types of insurance claims & claims management process.
Excellent attention to detail and accuracy.
Ability to multi-task, works under pressure, and meet deadlines required.
Experience of leading on financial aspects of multi-projects contract management and providing advice on complex claims management.
Industry related experience:
Marine & Dredging/ Marine Construction and/or Oil & Gas related experience
Excellent Verbal & Written communication Skills:
Required: Fluent English
Arabic and any other language is an asset.
MS Office – advanced level excel
Must have strong experience with Microsoft Excel.
Experience with Microsoft Dynamics SL, QuickBooks.
Oracle based system is an advantage.
Year of experience : At least 7-9 years of relevant experience.
Contact Name : HR Department
Contact Email : (Email CV to:) email@example.com