Insurance Officer
Date: 10 Oct 2024
Location: QA
Company: Power International Holding
Job Summary
The Insurance Supervisor is responsible for managing insurance-related plans and processes, claims and coordination related matters of the Company. The position is also responsible for the tendering of all procurement of insurances for new risk as well as insurance policy renewals, settlement and analysis of claims, assistance on insurance procedures and all process requests to issue policies, certificates and endorsements.
Job Responsibilities 1
Handle all insurances such as but not limited to Motor Insurance, Workmen’s Compensation Insurance, Group Life Insurance, Group Medical Insurance, Fidelity Insurance, and Money Insurance.
Assist with Property Insurance, Engineering Insurance, Liability Insurance, Marine and all other policies.
Assist in tendering for procurement of all Insurance Policies both for new risks and/or renewals.
Assist the department head in obtaining initial and all needed documents on projects and as required for procurement of various insurances.
Review, analyzation, and comparison of the received quotations to purpose the most suitable. Conducts Technical negotiation with shortlisted insurer to determine best course of action
Provide Technical Recommendation to Procurement team and/or concerned Business Unit(s) Assistance to Insurance Director on arranging (re)insurance support on major risk.
Analysis of Claims and policy cross checks to avoid frauds that may have financial impacts.
Claim registration as well as management of all processing of permitted insurance claims.
Assistance to all departments as needed with evidence of insurance, claims and financial forecasting. Processing of requests for insurance certificates and endorsements.
Job Responsibilities 2
Additional Responsibilities 3
Job Knowledge & Skills
Solid foundation knowledge of insurance claims processing, insurance procurement and local markets
Knowledge of local insurance markets as well as understanding of the geopolitical developments within the region an advantage
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Job Experience
Minimum 5 year(s) working experience, 3 year(s) relevant working experience, 2 year (s) GCC is a plus
Competencies
Education