Senior Insurance Specialist

About the role

We are seeking a highly skilled Senior Insurance Specialist to support and manage corporate and project‑related insurance activities across multiple business units. The role involves procurement, claims management, policy administration, risk assessment and ensuring compliance with company standards and industry best practices.

Key responsibilities

• Support daily insurance operations across all business units in line with established policies.
• Conduct risk assessments and recommend appropriate coverage for assets, projects and operations.
• Manage annual insurance renewals, policy amendments, additions, deletions and overall administration.
• Coordinate insurance claims reporting and facilitate settlements with insurers, brokers and loss adjusters.
• Prepare and maintain loss records, loss‑ratio reports and insurance performance analysis.
• Monitor underwriting requirements and ensure compliance with regulations and standards.
• Analyze insurance data to identify cost‑optimization opportunities.
• Review contracts, tender documents and project agreements for insurance obligations.
• Manage project insurance requirements such as CAR/DSU, Marine DSU, SPPI, CPM and other specialized policies.

Required profile

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, Public Administration or related field.
• 5‑7 years of experience in a specialized or technical insurance function, preferably with GCC exposure.
• Professional insurance certifications (CII, CILA, III or equivalent) are highly desirable.
• Strong knowledge of insurance procurement, claims management, underwriting processes and local insurance markets.

Required skills

• Proficiency with ERP systems, preferably SAP.
• Experience with insurance laws, regulations and compliance requirements.