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AVP Technical job in Saudi Arabia
Other, Saudi Arabia
Job Summary:
Job Title:
AVP Technical job in Saudi Arabia
Location:
Other, Saudi Arabia
Industry:
Other
Category:
Others Jobs
Positions:
1
Salary Range:
0 To 0 SAR /
Min. Education:
Graduation
Min. Experience:
9 to 10 Years
Post Date:
2018-04-27
Apply Before:
2018-05-31
Career Level:
Experienced
Job Description:

The Company:

Our client is a leading Insurance Group in GCC, currently they are looking to hire a qualified AVP Technical to be based in Khobar, KSA.

Duties and Responsibilities: 




  • Plan an effective departmental structure for both departments.

  • Devise a logical and smooth work flow.

  • Coordinate with IT to have a proper IT system in place in line with business requirements.

  • Designing service level agreements with insurance companies on behalf of clients in respect of claim and broking servicing.

  • To oversee effective implementation of delegated claims authority.

  • Set procedures for initiating reviews.

  • Set up proper systems to identify recoveries.

  • Maintain liaison with underwriters.

  • Maintain close relationship with principal insurers / re-insurers in order to ascertain their views on problematical issues.

  • Set internal guidelines to aid claim and broking processing and reserving.

  • Regular and structured meetings with major clients/ insurers/ Account Executives.

  • Awareness of the current underwriting practice. 

  • Overview and control of claims/broking costs.

  • Coordination with HR on training of staff – emphasis on awareness of current market practices, knowledge of best practice.

  • Ability to advice customers on material developments pertaining to the claim.

  • Preparing suitable responses to the insurer on behalf of the client or the Account Executive negotiating on their behalf.

  • Ability to question all ambiguities and seek clarification from client where necessary.

  • Demonstrates knowledge and understanding of the nature and sources of law, the law of tort, law of contract, the insurance contract and their application in the local and overseas.

  • Understands and applies rules relating to taxes, levies and policy issuance, Data Protection Act, Money Laundering, Client Monies and Terms of Business Agreement (TOBA).

  • Ensures supplementary work procedures are in place and adhered to within the departments.

  • Ensures appropriate workflow controls for monitoring work in progress and the timely completion of processes in accordance with the Operating Procedures Manual (OPM) and any technical/policy requirements is in place.

  • Produces accurate and timely management information as required.

  • Understanding and application of fundamental legal and regulatory policy in relation to the insurance contract.

  • Advise on the legal requirements of the client as applicable to insurance.

  • Demonstrates awareness of the changes and development in regulation and the impact these have on the business both local and overseas.

  • Demonstrates a good understanding of regulatory requirements and the impact these have on the business.

  • Monitoring the Financial Security of Insurance Companies.

  • Identifies and mitigates conflicts of interest.

  • Demonstrates proficiency in the use of Company’s systems and processes to fulfill role. 

  • Ensures that all KPIs (Key Performance Indicators) meet and exceed the minimum standards.

  • Adhere to the contents of the Operating Procedures Manual (OPM) and the Company’s overall internal procedures and policies.

  • Nil E&Os.

  • Miscellaneous tasks within the scope of work, as assigned by the direct manager.


Skills:

Requirements: 
• Minimum 9-10 years of experience 
• Bachelor Degree in IT 
• You should have excellent Planning skills 
• Excellent Communication skills
• Customer focus 
• Networking skills
• Organizational skills